Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Investor Presentation (April 2007)
30 slides from Admiralty Resources NL's investor presentation, Apr 23, 2007
Slide 1: April 2007 Update Presentation (ASX cover letter)
Admiralty Resources NL ACN 010 195 972 DMI RALTY RESOU RCES Level 14, 200 Queen Street Melbourne VIC 3000 ft] +61-3-96701838 ff] +61-3-0670 1898 [ve] waww.ady.com.au 23 April 2007 Company Announcemenis Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 20600 APRIL 2007 UPDATE PRESE
Slide 2: Presentation April 2007
PRESENTATION April 2007 eS ADMIRALTY RESOURCES
Slide 3: Company Overview
Company Overview ASX:ADY OTCBB:ARYRY (see www.adrbny.com) 632.5 million shares on issue (at 23 April 2007) 410 million unlisted options at 10 cents exercise price Nov 07 expiry Admiralty Resources NL 6 million employee options at 10 cents 196 million shares on conversion of notes ~ fully paid Fortun
Slide 4: Key Personnel
Key Personnel Board of Directors Prof. J Ross Harper CBE —- LLB MA DUniv Chairman, Scottish Coal, legal background, London Phillip Thomas - BSc MBM AIG SIA Managing Director, geology, investment, marketing — located L14, 200 Queen Street, Melbourne John Anderson —B Com MBA Director, banking, mining
Slide 5: Project Overview — forecast production
Project Overview — forecast production Admiralty Resources NL Santa Barbara — 105,000 tonnes production 100% owned subsidiaries per mth Santa Fe — 105,000 tonnes production per ADY Resources Lid mth Argentina Rincon Salar — 833 tonnes of lithium Pte nH Resources PiL Carbonate plus LiOH 333 and LICL
Slide 6: Cia Minera Santa Barbara
Cia Minera Santa Barbara @ Joint venture signed 16 Feb 2005 between Wyndham Explorations and FGH Production of small scale plant commenced 10 July 2006 @ Santa Barbara currently producing 50,000 tonne per month and increasing to 110,000 per month with new expanded plant commissioned in February 2007
Slide 7: Key Statistics - Santa Barbara
Key Statistics - Santa Barbara 7,421 hectares of tenements at Japonesa Group Mine Vallenar 3,100 hectares at Pampa Tolofo, Las Colorados 10,000 metres drilling, 2.4m tonne capacity per annum (SB and SF) JORC 32.75 m tonnes grading 12.2% at Japonesa 3 “fossil” stockpiles with 3 million tonnes fines a
Slide 8: Iron Ore Prices
Iron Ore Prices Historical Pricing a0 4 May 2006 Pellet Pricing an 70 Fines Pricing 60 After 9.5% increase in Dec 06 2 50) 3 Why has the price increased? HAD Indian tariff of 300 rupees 20 Demand increasing Quality ore getting scarce 20 Shipping getting congested Expansion in China 10 Current spot C
Slide 9: Product Specification
PRODUCT SPECIFICATION Element Penalty Level% Contract Specification % : Shipping Fe 62.50 min 63.5 Per Month $i02 5.0 max 4.00 Caleta Pier - three handymax 47,000 tonnes Candelaria Pier - Al203 1.6 max 1.00 From Dec 2007 three panamax 55-78,000 P 0.09 max 0.07 tonnes $ 0.09 max 0.07 Cad 3.0 max 1.8
Slide 10: Geomagnetics — high anomalies
Geomagnetics — high anomolies New Tenements. Existing Tenements (Japonesa Agreement} Size - hectares Mine Name Size - hectares Leo 3 200 ‘Japonesa 4 Teo 4 DOO *Japonesia fei Leo7 200 ‘Mirador T Leo 8 300 ‘Ghalju at Teo 9 300 Natasha BO Teo 10 200 Tatiana [ait] Leo 17 200 Pai 3 Leo 12 300 Pamela cd L
Slide 11: Reserves and Resource Estimates — Santa Barbara
Reserves and Resource Estimates — Santa Barbara 600 Million Tonnes Mine Tonnage Weighted Average me ee ans “ho eg a : eran Grade - | ns ns oo . ar an Japonesa 26.35 million 12.1% : : Japonesa 6.38 million 12.7% ‘ : Japonesiia* Chilean Viejo* ca Mariposa* Mirador* Viviana” Juanita* Negrita* Soberana*
Slide 12: Cia Minera Santa Barbara Iron Ore Production
Cia Minera Santa Barbara Iron Ore Production Iron Ore fines 6mm 85% < 3mm oe a MO 13 SD MIRALTY RESOURCES
Slide 13: Santa Barbara - Operations
Santa Barbara - Operations 110,000 tonne capacity per month 4mm crush size (5.65mm diagonal) Process 75mm+ separated 75mm crushed to 25mm ae 25mm magnetically separated 25mm crushed to “3mm” Crushed fines separated Natural fines separated Fines was 50 mesh removed Low or no Sulphur 22 Ss MIRALTY RES
Slide 14: Santa Barbara Plant Schematic
Santa Barbara Plant Schematic 13 Ss MIRALTY RESOURCES
Slide 15: Caleta, Caldera Port
Caleta, Caldera Port Candelaria Port Laser Picture of Iron ore stockpiled at Caleta Port 14 Caleta Pier eS. loading at Caldera Hopper ship loading ADMIRALTY RESOURCES
Slide 16: Located km from Caleta, Caldera
Located 75 km from Caleta, Caldera 100 million tonnes of material extracted Fines very low phosphorous 110,000 tonne per month production Magnetite material Besalco operating plant peepee Ss MIRALTY RESOURCES
Slide 17: Weeks to build panamax facility at Candelaria
31 weeks to build panamax facility at Candelaria — Oct 07 Ken Descripcioa Semanes] t[2[3][4]5]6][7] 8] 9 [10] 4] 22] 13] 14] 15] 16] 17] 16] 19] 20] 27 | 22] 23] 24] 25] 26] 27 | 28 | 29] 30] at 1.0 [INGENIERIA 7.2 [CIVIL-SANIARIA 6 "1.3 JARQUITECTURA CONTENEDORES 3 4 [MECANICA a 4| 3 7.5 [ELECTRICI
Slide 18: Candelaria Port
Candelaria Port baie Ss MIRALTY RESOURCES
Slide 19: Port of Punta Alcalde
Port of Punta Alcalde Estimated Cost — US$32m 14km road upgrade 600,000 tonne stockpile Bas Container loading facility — Fruit Port Iron ore loading — Santa Barbara Copper/Silver — Barrick Mines Coal unloading — Pascua Lama Power project Estimated Completion date Jan 2009 subject to funding « 18 Ss
Slide 20: Rincon Salar - Argentina
Rincon Salar - Argentina Major, world-class, multi-element brine resource (Li, K,) located in the Salta Province of Argentina. = The 37 tenements cover an area in excess of 250 square kilometres. = Key resources are lithium chloride, lithium carbonate and potassium chloride, (Potash). = Sodium Carbo
Slide 21: Rincon Salar - Argentina
x * Rincon Salar - Argentina 8 REFERENCE Ey tersteltie: BOLIVIA SE] keyeam ras icon Sane Sebo 2 > eis a AIAN [Vs RT Eecm: cation sarc S58 ear tng AAI BE i CHILE Rincon Salar ~~ RINCON PROSECT Salars of the Puna & Structural Elements The Resource The Rincon Project is located in north-western Argenti
Slide 22: Rincon Salar - Argentina
Rincon Salar - Argentina Lithium Concentrations from drill hole data o =A,B.C.D Pozos de explotacion §=— Caminos EF.G Pozos de reserva = Goo. Minero 21 ADMIRALTY RESOURCES
Slide 23: Production Estimates
Production Estimates = Lithium Chloride (Dec 2008) » 17,000 tonnes per annum ( 10,000 tonnes Lithium Carbonate and 3,000 Lithium Chloride, 4,000 tonnes of lithium Hydroxide) = US$5,000 - $6,500 per tonne for Lithium Carbonate, LiCl — spot $7,500++ = Used for Aluminium welding, batteries, clothing an
Slide 24: Rincon Salar - The Lithium Extraction Process
Rincon Salar - Argentina The Lithium Extraction Process Shipping at market we | lonigation: ‘plant Lithium Chiorda c. Salt removed d. Magnesium removed d. Sodium sulphate removed d. Potash removed e. f. Lithium Chloride produced, then LiCO3, LIOH Ss MIRALTY RESOURCES 23
Slide 25: Rincon Salar - April 2006 Prices
Rincon Salar - Argentina April 2006 Prices -$3 Lb = $6,600 Tonne -Our price assumptions Risk weighted at $4,500 - 25% price increase forecast Ss MIRALTY RESOURCES Latest litnium mineral & carpsonate prices ces for both lithiwn car Pree. @ basis ingredient for the. production of lithium baiteries, an
Slide 26: Japanese Import Statistics — Lithium Carbonate
Japanese Import Statistics — Lithium Carbonate Imports of Lithium Compounds by country into Japan Lithium TAN.2007 FEB.2007 carbonate | quantityiKc) VALUE PRICE US$ /TONNE] QUANTITY(KG) VALUE PRICE CHINA 95,514 88,725 7,806 60,000 52,160 7,305 GERMANY 2,550 8,008 26,390 2,000 5,718 24,025 CANADA 38,
Slide 27: Bulman — Northern Territory
Bulman — Northern Territory Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia’s Northern Territory. Applied for ELA23814 — 637 sq kilometres In the 1950’s CRA estimated there was ** 375,000 tonnes @ 15% Zn and 2% Pb of mainly oxide material. The Bulman Leases and fiv
Slide 28: eae
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Slide 29: Bulman EL-23814
Bulman EL-23814 AQOLRMIEAL NWAHLYON ‘NOIOGE WANN PIGLET ON NOLLWOPIdd ¥ FONE NOLLVHOMKE avergoninsen aactan ELA 23614 Survey : sorters Laue cous compe cern rem '# Rording Steet Cacvaring NY O81 Excluded Land 5 Jats CNW) GusTidad GNV UNV TINGSNOO DNINIITINO JV NOLVOOT -V PHN.
Slide 30: Pyke Hill — Nickel Cobalt JV — Cougar Metals NL
Pyke Hill — Nickel Cobalt JV —~ Cougar Metals NL = The Pyke Hill Project is located approximately 40km southeast of the Murrin Murrin Nickel Operation, near Leonora, Western Australia. = Prospective for a high-grade nickel-cobalt lateritic resource. = Aircore drilling undertaken by Cougar in FY2004
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