Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Shareholder Meeting (October 2012)
41 slides from Admiralty Resources NL's shareholder meeting presentation, Oct 23, 2012
Slide 1: 2012 Annual General Meeting Investor Presentation and Proxy Results
ASX ANNOUNCEMENT Date: 23 October 2012 2012 Annual General Meeting For personal use only Investor Presentation and Proxy Results I enclose herewith the presentation to be provided by Stephen Prior, Managing Director of Admiralty Resources NL, at the Annual General Meeting of shareholders, to be held
Slide 2: Admiralty Resources NL
- ADMIRALTY RESOURCES NL
Slide 3: Forward Looking Statements
Slide - 2 - Forward Looking Statements For personal use only The information in this presentation is published to provide information about Admiralty Resources NL (“Admiralty” or “ADY”) and its subsidiaries. All reasonable effort has been made to provide accurate information, but Admiralty makes no
Slide 4: The Year in Review
For personal use only The Year in Review
Slide 5: The Year in Review: Chile
Slide - 4 - The Year in Review: Chile For personal use only Complete magnetic susceptibility picture of the our 3 Chilean ore districts: Pampa Tololo (3,455 Ha) Harper South (2,498 Ha) Cojin (647 Ha) The high resolution ground magnetic survey were performed by Quantec and delivered a total
Slide 6: Magnetic Susceptibility Map
Slide - 5 - Magnetic Susceptibility Map For personal use only Magnetic susceptibility in Cojin. Source: High resolution ground magnetic survey (March 2012). Magnetic susceptibility in Harper South and Pampa Tololo Source: High resolution ground magnetic survey (August 2011).
Slide 7: The Year in Review: Mariposa
Slide - 6 - The Year in Review: Mariposa For personal use only Commission REDCO to perform a Pre- Feasibility Study (“PFS”) for Mariposa Objective: Get mine ready for an initial production of 1.2 million tonnes of finished product per annum Preliminary indications: Investment in plant: US$30
Slide 8: The Year in Review: Soberana
Slide - 7 - The Year in Review: Soberana For personal use only Commission of the Early Mine Production Study Objective: commencement of a monthly production of 30,000 tonnes per month Iron lump production from large and high grade exposed veins mined in 1960s Requirements: minimal capex Be
Slide 9: The Year in Review: Drilling
Slide - 8 - The Year in Review: Drilling For personal use only 13,420m of combined drilling over 4 targets 3,000m of diamond drilling in Mariposa, as part of the PFS (Nov ‘11 – Jan ‘12) 600m test hole of diamond drilling in La Chulula to confirm existence of the ore body (Feb ‘12) 2,748m of of
Slide 10: The Year in Review: Targeting Bulman
Slide - 9 - The Year in Review: Targeting Bulman For personal use only Lead and zinc oxide exploration project located in the Northern Territory Airborne electromagnetic survey (“AEM”) conducted in August 2011 AEM objective: determine the 3D geometry of the dolerite sills in the area and to id
Slide 11: Admiralty's Strategy
For personal use only Admiralty’s Strategy
Slide 12: Strategy and Objectives
Slide - 11 - Strategy and Objectives For personal use only STRATEGY: Explore and develop our iron ore projects in Chile. OBJECTIVE: Produce high quality iron from magnetite using dry magnetic separation. In pursuit of this strategy, the Company's immediate objectives are to: continue structured an
Slide 13: Magnetite – An Advantage Edge
Slide - 12 - Magnetite – An Advantage Edge For personal use only Magnetite (Fe3O4) is an iron oxide that generally occurs as low grade ore (25-40% Fe) Magnetite projects are capable of producing high grade concentrates up to 68-69% Fe, which: have a higher Fe grade and lower impurities than ma
Slide 14: Dry Magnetic Separation Workflow
Slide - 13 - Dry Magnetic Separation Workflow For personal use only Source: Project & Maintenance Engineering S.A. (PME), Chile
Slide 15: Projects Summary
For personal use only Projects Summary
Slide 16: Projects Location
Slide - 15 - 6,800 Ha in the Chilean iron belt with internal roads network and no high mountain formations Projects Location 46km from the Guacolda and Las Losas ports For personal use only 7km from the railway line owned by Ferronor S.A. and 3km from the Pan American highway, with direct acce
Slide 17: Projects Location: Distance from Vallenar
Slide - 16 - Projects Location For personal use only Distance from Vallenar by road Las Losas Port 49 km Guacolda Port 49 km Castilla Port 135 km Punta Caleta Port 265 km Punta Totoralillo Port 280 km Image obtained from Google Earth ©2012. Map is not to scale.
Slide 18: Project – Harper South District
Slide - 17 - PROJECT 1 – Harper South District For personal use only 7 targets confirmed and 2 anomalies identified by high resolution ground magnetic survey 2 sorts of mineralisation found in the district: magnetite style in the east and IOCG (iron oxide, copper & gold) in the west with zones s
Slide 19: Project – Pampa Tololo District
Slide - 18 - PROJECT 2 – Pampa Tololo District For personal use only 3 targets confirmed by high resolution ground magnetic survey Simpson – UNDER EXPLORATION This is the most important target in relation to size/susceptibility An oblate spheroid shape of 800m in diameter, located at a depth of
Slide 20: Project – Cojin District
Slide - 19 - PROJECT 3 – Cojin District For personal use only Three exploitation concessions, covering 647 Iron rocks and solitary Grussonii in Cojin (Dec 2011). hectares, 10% of Admiralty’s mineral tenure Located 15 km from El Algarrobo, iron ore mine owned by CMP1 El Algarrobo supplies preco
Slide 21: Exploration work for medium-long term production
For personal use only Exploration work for medium-long term production
Slide 22: La Chulula
Slide - 21 - La Chulula For personal use only Test drill hole of 600m deep completed in February 2012 Visual estimation of results confirm the positive results of the high resolution ground magnetic survey and the numerous visible iron outcrops visible in the field A preliminary report states
Slide 23: La Chulula: High Resolution Ground Magnetic Survey
Slide - 22 - La Chulula High Resolution Ground Magnetic Survey (Harper South) For personal use only This is Admiralty’s Depth slices of magnetic susceptibility priority target at different elevations Image not to scale. within Harper South. 3D view of the confirmed target Lateral dimensions of 250
Slide 24: Negrita: High Resolution Ground Magnetic Survey
Slide - 23 - Negrita High Resolution Ground Magnetic Survey (Harper South) For personal use only Unique double magnetic field with susceptibilities 3D view of the confirmed target values between 0.22 and 0.55 S.I. units resulting in a dumbbell shape target Upper area – an oval shape, running fro
Slide 25: For personal use only
For personal use only Slide - 24 -
Slide 26: Summary
For personal use only Summary
Slide 27: Summary - Exploration Pipeline
Slide - 26 - Summary - Exploration Pipeline For personal use only ALLOCATED PROJECT TASK COMPLETION BUDGET Harper South - Underway. Pre-Feasibility Study $600,000 Mariposa COMPLETION: October 2012 Harper South - $300,000 Underway. Early mine production study Soberana COMPLETION: October 2012 1st Pha
Slide 28: Appendix
For personal use only Appendix
Slide 29: Mariposa – Mineral Resources
Slide - 28 - Mariposa – Mineral Resources For personal use only It currently has a JORC compliant mineral resources statement of 168 million tonnes at a cut-off grade of 10% Fe It is expected the results of the diamond drilling programme undertaken in November 2011- February 2012 will result in
Slide 30: Corporate Directory
Slide - 29 - Corporate Directory For personal use only BOARD OF DIRECTORS CONTACT Professor J. Ross Harper, Chairman Level 16, 379 Collins Street, Stephen C. Prior, Managing Director Melbourne VIC 3000, Australia Michael S. Perry, Non-executive Director Dr Shaoqing Li, Non-executive Director Tel: +6
Slide 31: Thank you for your attention
For personal use only Thank you for your attention. The Board would be pleased to address any questions from the floor.
Slide 32: 2012 Annual General Meeting Proxy Results
For personal use only 2012 Annual General Meeting PROXY RESULTS Collins 1 & 2 Rooms,Oaks on Collins, 480 Collins Street, Melbourne 23rd October 2012, 10.30am (AEDT)
Slide 33: Vote totals - Proxies received
Slide - 32 - Vote totals - Proxies received For personal use only SECURITIES ON ISSUE 727,822,759 VOTES RECEIVED 157,113,201* VALID SECURITIES VOTED (%) 21.58* TOTAL SECURITIES HOLDERS CAST 383* *This vote totals report is based on the third resolution.
Slide 34: Resolution: To receive the financial report
Slide - 33 - Resolution 1 For personal use only To receive the financial report for the year ended 30 June 2012
Slide 35: Resolution: To adopt the Remuneration Report
Slide - 34 - Resolution 2 For personal use only To adopt the Remuneration Report for the year ended 30 June 2012 (advisory resolution only)
Slide 36: Resolution – Proxies received: Remuneration Report
Slide - 35 - Resolution 2 – Proxies received For personal use only To receive the Remuneration Report VOTED % FOR 30,993,649 23.10 OPEN-USABLE – TOTAL 100,261,244 74.74 OPEN-USABLE BY CHAIR 2,097,294 2.09 AGAINST 2,900,143 2.16 ABSTAIN 8,677,056 EXCLUSIONS 14,589,094* * Shareholdings held by the Dir
Slide 37: Resolution: To re-elect Mr Michael Perry
Slide - 36 - Resolution 3 For personal use only To re-elect a Director, Mr Michael Perry
Slide 38: Resolution – Proxies received: Re-elect Michael Perry
Slide - 37 - Resolution 3 – Proxies received For personal use only To re-elect a Director, Mr Michael Perry VOTED % FOR 145,145,782 92.38 OPEN-USABLE 3,810,981 2.43 AGAINST 8,156,438 5.19 ABSTAIN 307,985 EXCLUSIONS N/A
Slide 39: Resolution: To elect Mr Hanjing Xu
Slide - 38 - Resolution 4 For personal use only To elect a Director, Mr Hanjing Xu
Slide 40: Resolution – Proxies received: Elect Hanjing Xu
Slide - 39 - Resolution 4 – Proxies received For personal use only To elect a Director, Mr Hanjing Xu VOTED % FOR 152,606,977 97.17 OPEN-USABLE 3,828,150 2.44 AGAINST 618,426 0.39 ABSTAIN 367,633 EXCLUSIONS N/A
Slide 41: Thanks for your attendance and support
For personal use only The Board of Admiralty Resources NL thanks you for your attendance and support.
Admiralty Resources NL — Shareholder Meeting (October 2012) on 6ix