Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (July 2012)
32 slides from Andromeda Metals's investor presentation, Jul 16, 2012
Slide 1: Shareholder Presentation
For personal use only Shareholder Presentation Presented by Chris Drown, Managing Director #1
Slide 2: Disclaimer and Competent Person’s Statement
Disclaimer and Competent Person’s Statement For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involv
Slide 3: Share Purchase Plan and purpose of presentation
For personal use only On 9 July Adelaide Resources Limited announced that it intends to invite the Company’s shareholders to participate in a Shareholder Share Purchase Plan (SPP). The funds raised through the SPP are to be directed towards further exploration for gold and copper on its Moonta, Rove
Slide 4: Project Locations
Tier 1 Project Locations For personal use only ROVER Gold/Copper Northern Territory Queensland South Australia MOONTA Victoria EYRE PENINSULA Copper/Gold Gold/Copper #4
Slide 5: Moonta Project – Location Plan
Moonta Project – Location Plan For personal use only #5
Slide 6: Moonta Project Summary
Moonta Project Summary For personal use only • 819 sq. km. tenement on northern Yorke Peninsula which secures the historic “Copper Triangle” mining district. • Geologically part of the Olympic Copper Gold Province, a world class belt hosting the Olympic Dam, Prominent Hill, Carrapateena, and Hillsid
Slide 7: Paskeville Prospect – 2012 drilling locations
Paskeville Prospect – 2012 drilling locations For personal use only #7
Slide 8: Discovery Area plan showing interpreted mineralised zone
Discovery Area plan showing interpreted mineralised zone For personal use only #8
Slide 9: Paskeville Prospect – Section
Paskeville Prospect – Section 3 For personal use only #9
Slide 10: Paskeville Prospect – Section
Paskeville Prospect – Section 5 For personal use only #10
Slide 11: Paskeville Prospect – Section
Paskeville Prospect – Section 7 For personal use only #11
Slide 12: Paskeville Prospect Stacked cross sections
Paskeville Prospect For personal use only Stacked cross sections showing interpreted outline of copper mineralisation 40 20 0 re s M et ? #12
Slide 13: Section – Copper grade vectors
Section 7 – Copper grade vectors For personal use only Copper grade is increasing down-dip! #13
Slide 14: Section – Compelling Target Zone Identified
Section 7 – Compelling Target Zone Identified For personal use only Thick, higher grade target zone to be tested with diamond drilling #14
Slide 15: Paskeville Summary
Paskeville Summary For personal use only • Paskeville is a coherent body of shallow, low to moderate grade, copper-dominant mineralisation. • The mineralised body is interpreted to dip to the northeast and remains open at depth on all drill sections completed so far. • Its strike length is at least
Slide 16: Willamulka 2012 intersections
Willamulka 2012 intersections For personal use only Easting Northing Final From To Interval Cu Au Hole Name Dip Azimuth (mga94) (mga94) Depth (m) (m) (m) % g/t WAC135 764983 6243995 ‐60 135 93 8 28 20 0.53 0.05 incl. 17 21 4 1.42 0.20 WAC136 764965 6244014 ‐60 135 81 29 44 15 0.96 0.52 incl. 32 38 6
Slide 17: What Next?
What Next? For personal use only • The relevant landowner at Paskeville has consented to further drilling in 2012 before the crop is harvested. • The company’s preferred drilling contractor will have a suitable diamond rig available in a few weeks time. • Government approval to drill is anticipated
Slide 18: Rover Project – Location
Rover Project – Location For personal use only #18
Slide 19: Rover Project Summary
Rover Project Summary For personal use only • 287 sq km project in Tennant Creek region of the NT. • Geologically, Rover is identical to the Tennant Creek Field which has yielded many high grade gold and copper mines. • The Rover Field is buried by 100-200 metres of cover sediments and so was not di
Slide 20: Rover Prospect – Section
Rover 4 Prospect – Section For personal use only Located about 2.2km northeast of Rover 1. Shallowest known mineralisation in the broader Rover Field. Two main zones of Cu-Au present. Ranks second behind Rover 1 in terms of Rover Field deposits. #20
Slide 21: 3-D model of Rover host ironstone beneath unconformity
3-D model of Rover 4 host ironstone beneath unconformity For personal use only Model constructed by AMC Consultants #21
Slide 22: Rover Prospect – Section
Rover 1 Prospect – Section For personal use only System of substantial dimension confirmed on ADN’s ground. High grades of gold and copper intersected. Neighbour Westgold Resources has applied for approval to establish an exploration decline into Rover 1 (1.22 Moz AuEq resource). #22
Slide 23: Rover Project Program
Rover Project Program For personal use only • 3-D geological modelling and resource estimation for Rover 4 and the company’s part of Rover 1 currently underway. • It is likely that this work will also define target areas where drilling has a high chance of finding additional mineralisation. • Drilli
Slide 24: Eyre Peninsula Project Location
Eyre Peninsula Project Location For personal use only Tarcoola Tunkillia Nuckulla Hill Project tenements Paris Barns Proterozoic mineral Weednanna Baggy Green occurrence Stuart Shelf Hiltaba Suite Granites Gawler Range Volcanics Central Gawler Gold Province 100 KM #24
Slide 25: Eyre Peninsula Project Summary
Eyre Peninsula Project Summary For personal use only • Large ~2,900 sq km project on northern Eyre Peninsula prospective for gold, silver and copper. • Geologically part of the Central Gawler Gold Province, an arcuate belt hosting the Tunkillia, Tarcoola, Barns and Baggy Green gold deposits, and the
Slide 26: Barns Section
Barns Section For personal use only 16m @ 1.00 g/t Au Depleted Oxide Primary 146.7m @ 0.87 g/t Au 88.6m @ 1.25 g/t Au 2m @ 67.6 g/t Au 11m @ 2.84 g/t Au 9m @ 1.17 g/t Au 36m @ 1.80 g/t Au 11m @ 2.45 g/t Au Mineralised zone 100 M #26
Slide 27: Baggy Green Plan
Baggy Green Plan For personal use only > 2.5ppb calcrete anomaly RAB drilling (217 holes) RC drilling (31 holes) Gold anomaly in shallow RAB >25ppb gold 2.6km >100ppb gold NB* Geological similarities with +6Moz Tropicana gold deposit Existing drill pattern coarse and potential remains high 500 M #27
Slide 28: Baggy Green Section
Baggy Green Section W E For personal use only Surface 0 Base of weathering 36/0.76 27/0.27 50 5/9.01 7/2.31 24/2.33 9/1.02 49/0.45 100 28/ 0.83 4/2.57 150 RAB drillhole RC drillhole 50 M 7/2.31 7m @ 2.31 g/t gold #28
Slide 29: Baggy Green and Tropicana at same scale
Baggy Green and Tropicana at same scale. For personal use only Baggy Green may contain Tropicana-Havana prospect high grade shoots like plan showing g/t Au x thickness (m) contours. those at Tropicana. Source: Independence Group NL (IGO) ASX release dated 23 Jan 2009. High grade shoots 2.6km 500m RC
Slide 30: Eyre Peninsula Project – Significant intersections
Eyre Peninsula Project – Significant intersections For personal use only Year Easting Northing Total From To Interval Au Prospect Hole ID Dip Azimuth Drilled (MGA94) (MGA94) Depth (m) (m) (m) g/t RHBN-050 2000 542211 6366000 -70 090 76 35 43 8 3.00 RCBN-051 2000 542187 6366000 -60 090 120 80 86 6 4.
Slide 31: Eyre Peninsula Project Program
Eyre Peninsula Project Program For personal use only • Diamond holes planned to test for depth extensions and high grade shoots at one or more of Barns, Baggy Green or White Tank gold deposits. • Approval process currently underway. • The diamond drill rig to be used at Paskeville is suitable for th
Slide 32: Adelaide Resources Limited
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Adelaide Resources — Investor Presentation (July 2012) on 6ix