Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — SAREIC Conference (April 2008)
29 slides from Andromeda Metals's conference presentation, Apr 30, 2008
Slide 1: Managing Director Presentation - Chris Drown
For personal use only Speaker: Chris Drown Slide 1
Slide 2: Disclaimer
Disclaimer For personal use only The The information information in in this this presentation presentation isis published published toto inform inform youyou about about Adelaide Adelaide Resources Resources Limited Limited andand its its activities. activities. Some Some statements statements in in
Slide 3: The People
The People For personal use only Board members left to right: John den Dryver – Mining Engineer Director, 30+ years experience Keith Yates – Geologist Director, 40+ years experience Chris Drown – Geologist Managing Director, 20+ years experience John Horan – Accountant Director, 40+ years experience
Slide 4: Corporate Statistics
Corporate Statistics For personal use only • Listed on ASX in 1996 • Shares issued ~ 83.16 million • Cash ~ $4.55 million • Shareholders ~ 1900 • 12 month trading 12 to 60 cents • Market capitalisation ~ $11.6 million (14 cents) A Mineral Explorer with Exciting Potential Slide 4
Slide 5: The Pillars of our Business
The Pillars of our Business For personal use only Adelaide Resources Limited IRON IRON ORE ORE ZIRCON ZIRCON COPPER COPPER -- GOLD GOLD URANIUM URANIUM Colona Colona JV JV Rover, Rover, Quasar Quasar JV, JV, Cleve Cleve Warramboo Warramboo (incl. (incl. Tripitaka Tripitaka Eyre Eyre Peninsula, Penin
Slide 6: Iron Ore - Warramboo
IRON ORE For personal use only Warramboo Slide 6
Slide 7: Warramboo Iron Project Locality
Warramboo Iron Project Locality For personal use only Slide 7
Slide 8: Warramboo Iron Ore Project
Warramboo Iron Ore Project For personal use only • Warramboo Iron Project vended into Iron Road Limited (IRD) • Iron Road seeking to raise $5M (25 million 20 cent shares) • Iron Road aiming for 10 June 2008 listing • ADN to hold 21M shares (~ 40%) of Iron Road stock post listing • ADN to complete di
Slide 9: Let's Look at Value!
Let’s Look at Value! For personal use only • Cash of $4.55 million 5.48 cents/ADN share • If Iron Road trades @ 20c 5.05 cents/ADN share • Sub Total 10.53 cents/ADN share • At 14 cents enterprise value is 3.47 cents/ADN share • Or enterprise value is $2.85 million ADN is seriously undervalued! Slide
Slide 10: Zircon - Colona JV
ZIRCON For personal use only Colona JV Colona Joint Venture Adelaide 49% Iluka 51% (Manager) Slide 10
Slide 11: Colona JV – Exploration To Date
Colona JV – Exploration To Date ADN 49% For personal use only The joint venture’s regional exploration has concentrated on only a small part of the total 5,251 sq. km. project area. Exploration Drill Traverse 30 km Shuttle Radar Topography Mission (SRTM) data image Slide 11
Slide 12: Tripitaka Inferred Resource
Tripitaka Inferred Resource ADN 30% For personal use only Ownership Total ILUKA 100% (400,000t HM) 400,000t HM COLONA JV – ILUKA 51% (306,000t HM) 600,000t HM – AdRes 49% (294,000t HM) 1,000,000t HM (650,000t zircon) TRIPITAKA Slide 12
Slide 13: Zircon Summary
Zircon Summary For personal use only • Tripitaka PFS scheduled for completion in second quarter of calendar 2008 • Iluka have described Tripitaka as “World Class”. ADN equity share ~ 185,000 tonnes of zircon • Zircon Prospectivity of Colona JV area superb This asset is worth significantly more than
Slide 14: Gold / Copper - Gold
Gold / Copper - Gold For personal use only Rover Barton Anabama Eyre Peninsula Moonta Slide 14
Slide 15: Rover Copper-Gold Project
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 ELA 25512 Rover “A Field not a Prospect” Slide 15
Slide 16: Rover Plan and Section
Rover 4 Plan and Section ADN 100% For personal use only Slide 16
Slide 17: Eyre Peninsula Gold Project
Eyre Peninsula Gold Project ADN 100% For personal use only BAGGY GREEN – PLAN > 2.5ppb calcrete anomaly RAB drilling (217 holes) RC drilling (31 holes) 2.6km >25ppb gold in drillhole >100ppb gold in drillhole Section 500 M Slide 17
Slide 18: Baggy Green Section
Baggy Green Section ADN 100% For personal use only W Surface E 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 ed e r alis l d m in e Go zon 28/ 0.83 4/2.57 150 RAB drillhole RC drillhole 50 M 7/2.31 7m @ 2.31 g/t gold Slide 18
Slide 19: Anabama (Dark Horse) Copper Project
Anabama (Dark Horse) Copper Project ADN 100% For personal use only Blue Rose Results (PacMag Metals) 46m @ 2.2% Cu, 0.8g/t Au Blue Rose Dark Horse Gossan Float Inverted TMI Image Slide 19
Slide 20: Gold/Copper-Gold Summary
Gold/Copper-Gold Summary For personal use only • Significant copper and gold intersections at a a number of prospects • Potential “mineral fields” - not just one-off targets • 100% owned by Adelaide Resources These assets are worth significantly more than $2.85M! Slide 20
Slide 21: Uranium
Uranium For personal use only Eyre Peninsula Moonta Slide 21
Slide 22: Uranium Projects
Uranium Projects For personal use only Ulysses KO11S Strategic Strategic tenure tenure with with encouraging encouraging early early drilling drilling Slide 22
Slide 23: Eyre Peninsula Basement Uranium Project
Eyre Peninsula Basement Uranium Project ADN 100% For personal use only Assayed Assayed intersections intersections include: include: 66 metres metres at at 213 213 ppm ppm U U33O O88 77 metres metres at at 235 235 ppm ppm U U33O O88 66 metres metres at at 342 342 ppm ppm U U33O O88 66 metres metres
Slide 24: Further Uranium targets
Further Uranium targets ADN 100% For personal use only Ulysses KO11S 0 5 10 kilometres Anomaly Slide 24
Slide 25: Quasar Joint Venture
Quasar Joint Venture ADN 100% (Quasar earning 60%) For personal use only • Focus on exploration 1km x 1km gravity for sediment hosted survey uranium channels area • Promising signs in 2007 drilling including anomalous gamma at redox boundaries and Quasar attractive geology drillholes • Minimum $750,
Slide 26: Moonta-Wallaroo Uranium Project
Moonta-Wallaroo Uranium Project ADN 100% For personal use only Assayed Assayed intersections intersections include: include: 0.8 0.8 metres metres at at 1745 1745 ppm ppm U U33O O88 42.7 42.7 metres metres atat 278 278 ppm ppm U U33O O88 6.4 6.4 metres metres at at 554 554 ppm ppm UU33O O88 33 metre
Slide 27: Uranium Summary
Uranium Summary For personal use only • Discovery of first basement hosted uranium prospects on northern Eyre Peninsula (eg Ulysses) • Substantial joint venture with Quasar Resources searching for palaeochannel hosted deposits • Very promising intersections in assaying of historical Moonta drill cor
Slide 28: Adelaide Resources Summary
Adelaide Resources Summary For personal use only • Unlocking real value with Iron Road transaction • Enviable position in zircon rich Eucla Basin • Advanced copper/gold prospects • Significant uranium potential in South Australia Adelaide Resources currently offers great value! Slide 28
Slide 29: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! Slide 29