Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Shareholder Meeting (November 2008)
16 slides from Andromeda Metals's shareholder meeting presentation, Nov 17, 2008
Slide 1: Annual General Meeting 2008 – Managing Director's Presentation
For personal use only Annual General Meeting 2008 Chris Drown Managing Director’s Presentation Adelaide Resources Limited – AGM 08 Slide 1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only The The information information inin this this presentation presentation isis published published toto inform inform you you about about Adelaide Adelaide Resources Resources Limited Limited and its activities. Some statements in this
Slide 3: Iron Road Transaction
Iron Road Transaction For personal use only • Iron Road successful IPO and listing (June 08) • ADN holds 21 million Iron Road shares and 10.5 million Iron Road options • Shareholder approval for share distribution received (Aug 08) but delayed awaiting ATO advice • Shareholder approval sought today
Slide 4: Colona Mineral Sand Transaction
Colona Mineral Sand Transaction For personal use only • Sale of assets to Iluka Resources • Consideration $5M cash free of all costs • Tax liability covered by carried losses • Sale completed (11 Nov 08) • Sale prompted by Iluka’s decision not to progress Tripitaka development and negative market co
Slide 5: Current Position
Current Position For personal use only • A portfolio of quality SA and NT properties • Solid cash position (~$7.5 million) • Prudent management should allow ADN to weather the financial storm • These funds should also allow ADN to further the worth of our properties • The current economic climate de
Slide 6: Project Locations
Project Locations For personal use only Adelaide Resources Limited – AGM 08 Slide 6
Slide 7: Rover Copper-Gold Project ADN 100%
Rover Copper-Gold Project ADN 100% For personal use only To To Tennant Tennant Creek Creek EL 8921 Magnetic Anomalies (Tennant Creek character) EL 7739 Rover 4 ELA 25512 Rover 1 Rover “A Field not a Prospect” Adelaide Resources Limited – AGM 08 Slide 7
Slide 8: Rover Copper-Gold Project ADN 100%
Rover Copper-Gold Project ADN 100% For personal use only Adelaide Resources Limited – AGM 08 Slide 8
Slide 9: Eyre Peninsula Gold Project ADN 100%
Eyre Peninsula Gold Project ADN 100% For personal use only Geochemical gold BAGGY GREEN anomaly 8m @ 4.79g/t Au 24m @ 2.33g/t Au BARNS 24m @ 2.19g/t Au WUD2 CENTRAL 12m @ 3.38g/t Au 1m @ 37.8g/t Au 2m @ 67.6g.t Au WHITE TANK 17m @ 3.47g/t Au 7m @10.0g/t Au 30 KM Adelaide Resources Limited – AGM 08 S
Slide 10: Quasar Joint Venture ADN 100% (Quasar earning 60%)
Quasar Joint Venture ADN 100% (Quasar earning 60%) For personal use only • Focus on exploration 1km x 1km for sediment hosted gravity survey uranium channels area • Promising signs in 2007 drilling including anomalous gamma at redox boundaries and Quasar attractive geology drillholes • Minimum $750,
Slide 11: Corrobinnie Uranium Project ADN 100% (Quasar earning 60%)
Corrobinnie Uranium Project ADN 100% (Quasar earning 60%) For personal use only Adelaide Resources Limited – AGM 08 Slide 11
Slide 12: Corrobinnie Uranium Project - Narlaby
Corrobinnie Uranium Project - Narlaby For personal use only 10 KM 15km of previously unrecognised palaeochannel Drillhole Old channel interp. Adelaide Resources Limited – AGM 08 Slide 12
Slide 13: Empire Copper Prospect ADN 100%
Empire Copper Prospect ADN 100% For personal use only Untested bedrock conductors Copper anomaly Drillholes 1 KM AEM AEM Image Image Adelaide Resources Limited – AGM 08 Slide 13
Slide 14: New Project Generation
New Project Generation For personal use only • Initiative to identify new gold projects underway • Current market likely to present opportunities • Actively searching for projects in Oz or O/Seas • Focus on quality Adelaide Resources Limited – AGM 08 Slide 14
Slide 15: Adelaide Resources Summary
Adelaide Resources Summary For personal use only • Completion of Colona and Iron Road transactions • Financial position to maintain a worthwhile exploration effort • Strong gold, copper and uranium focus • Review of all current projects underway • Initiative to identify new gold projects commenced A
Slide 16: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! Adelaide Resources Limited – AGM 08 Slide 16
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