Superior Resources Limited confirmed the return of strong assays from the first hole drilled (CCDD001) under the Company's maiden program at the Cockie Creek Prospect. Cockie Creek is one of several porphyry copper-gold-molybdenum prospects within the Company's 100%-owned Greenvale Project. The recent receipt of a second batch of assays marks the return of all assays for CCDD001.

The assays confirm that the actual copper grades consistently exceed the visual estimations of chalcopyrite mineralisation observed within the core. The mineralisation is predominantly confined within the strong foliation fabric developed within the host porphyry intrusions and not visible on the core surface. The Cockie Creek mineralisation appears consistently of high grade in porphyry deposit terms, which elevates the mineralisation potential of the system's core.

Observations from the mineralisation, including the extensive strong potassic alteration indicate the possibility that a porphyry core may be located nearby to the current drilling. The current program represents the first systematic drilling at Cockie for over thirty years and the first to target the prospect as a porphyry system. The program as planned comprises 17 HQ diamond core holes for a total of 6,650m with the following objectives: target two high order induced polarisation (IP) chargeability anomalies directly below the Discovery Outcrop.

The chargeability anomalies are interpreted to represent the upper zones of a mineralised Cu-Au-Mo porphyry core; target interpreted large intrusion centres west of the Discovery Outcrop; and establish a JORC (2012)-compliant upgraded Mineral Resource Estimate on the Discovery Outcrop. Completed drilling to date comprises seven holes for a total of 2,773 metres of core. Drilling commenced on the eastern end of the historical copper zone in early July 2023.

A total of 2,773m for seven HQ diamond drill holes (CCDD001 - CCDD007) cored from surface have been completed to date. The program, as planned, comprises a total of 17 holes for 6,650 metres. As a result of several factors, including the quantity of new data obtained from the drilling that requires analysis and degree to which the drilling has outpaced the receipt of laboratory assays, drilling operations have been paused at Cockie Creek and diverted to the Bottletree Prospect.

Recently received complete assays for CCDD001 have confirmed the historical high grade assays, but importantly, have also confirmed that the mineralisation is more extensive than previously understood. The mineralisation crops out at surface and was intersected from a down-hole depth of 16 metres: 71m @ 0.48% Cu and 70ppm Mo from 16m (CCDD001), incl. 31m @ 0.65% Cu and 80ppm Mo from 36m.

CCDD001 was continued for a considerable distance past the main zone of mineralisation for the purpose of understanding the geological setting and investigating a suspected porphyry-related zone on the northern side of the Discovery Outcrop. A broad zone of hydrothermal biotite alteration was intersected towards the bottom of CCDD001 within the zone of interest. Bornite mineralisation was also observed within this zone, although the overall grades of the zone are low.

However, the grade of the zone is of less importance than the geological information that is provided by the zone. CCDD001 drill hole collar was positioned for the purposes of validating the historical drilling and to investigate a suspected porphyry-related zone located to the north of the Discovery Outcrop. CCDD001 intersected a long interval of copper and molybdenite mineralisation associated with porphyry style alteration.

A range of porphyritic intrusive rocks, which include quartz diorites, diorites and lesser tonalites intrude several metavolcanic units and appear to be responsible for the copper mineralisation. The main mineralised lithology is a medium to coarse grained textured quartz diorite that has been subjected to K-feldspar alteration with minor chlorite. The mineralisation is predominantly disseminated and focussed along strong foliation structures, although some mineralisation appears to be remobilized out of quartz vein structures that are possible deformed porphyry B-veins evident within the prospective quartz diorite and metavolcanic units.

The Cockie Creek drilling program is unveiling a broader geological canvas that hints at the potential for more extensive mineralisation zones and importantly, significant large interpreted porphyry centre targets. The observed mineralisation and alteration such as actinolite-chlorite and overprinted phyllic alteration assemblages strongly suggest that they are potentially in proximity to a significant Cu-Au-Mo porphyry system. The mineralisation at the Discovery Outcrop area is showing strong continuity, good grades and increasing thickness with depth.

In particular, strong copper mineralisation visually observed in other holes within the program (e.g. CCDD004 and CCDD006) is developed over significantly wider intervals (up to 40% wider) than indicated by historical assays.