Admiralty Resources NL · ASX:ADY

Admiralty Resources NL — Americas Iron Ore Conference 2012

35 slides from Admiralty Resources NL's conference presentation, Nov 2, 2012

  1. Slide 1: High Quality Iron Ore Production from Chilean Magnetite

    High Quality lron Ore Production from Chilean Magnetite By Stephen C. Prior Managing Director AMERICAS wae TRON ORE ericas Iron Ore Conference

  2. Slide 2: Forward Looking Statements

    Slide - 2 - Forward Looking Statements 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 representations or war

  3. Slide 3: Agenda

    Slide - 3 - Agenda 1 2 3 4 Admiralty’s Exploration Case Resource Summary of approach to Study: La Exploitation Admiralty’s exploration Chulula Projects

  4. Slide 4: Summary of Exploration Workflow

    Slide - 4 - Summary of Exploration Workflow Low Impact Ground Disturbing Exploration Exploration Rock chip, soil sampling and surface geological Airborne magnetic Trenching mapping survey Geological & Low-Resolution geochemical sampling ground magnetic Drilling survey Resource High-Resolution Revers

  5. Slide 5: Exploration and Mineral Deposit Evaluation

    Exploration and Mineral Deposit Slide - 5 - Evaluation Case Study: La Chulula Ore Body (Harper South, Vallenar, Chile) Location map of the La Chulula target. Image obtained from Google Earth ©2012

  6. Slide 6: Airborne Survey (1999)

    Slide - 6 - Airborne Survey (1999) HARPER NORTH  The area has been extensively survey since 1960  Surveys have been carried out by mining companies operating in the area (CMP, Barrick, BHP and others) and the United Nations  In 2005, all available survey data was reviewed and modelled in order to

  7. Slide 7: Ground Magnetic Survey (2005-2007)

    Slide - 7 - Ground Magnetic Survey (2005-2007) Above: Magnetic field reduced to pole. La Chulula area.

  8. Slide 8: Gravimetry (2010)

    Slide - 8 - Gravimetry (2010) Left: Geological map of the La Chulula area. Right: Gravimetry image.

  9. Slide 9: Low-Resolution Ground Magnetic Survey (2010)

    Slide - 9 - Low-Resolution Ground Magnetic Survey (2010)  An integration of different ground magnetic surveys performed in 2005 and 2007 was performed  A new survey was carried out in March/April 2010, covering a total of 330,623m  Readings were taken at 100m intervals, from east to west  This i

  10. Slide 10: Phase 1 - High Resolution Ground Magnetic Survey (2011)

    Slide - 10 - Phase 1 -High Resolution Ground Magnetic Survey (2011) Survey factsheet  37 lines of 1,100m length (Mariposa & La Chulula),  Spaced at 50m apart  Covering an area of 2 km2  Performed in August 2011 by Quantec Geoscience Ltd. Depth slices of magnetic susceptibility at different eleva

  11. Slide 11: Phase 1 - High Resolution Ground Magnetic Survey (2011)

    Slide - 11 - Phase 1 - High Resolution Ground Magnetic Survey (2011) 3D inversion & interpretation of the high- resolution ground magnetic survey

  12. Slide 12: Phase 2 - High Resolution Ground Magnetic Survey (2011)

    Slide - 12 - Phase 2 -High Resolution Ground Magnetic Survey (2011) Survey factsheet  25 lines of 750m length  Spaced at 50m apart  Covering an area of 0.8 km2  Performed in February/March 2012by Quantec Geoscience Ltd. Comparison of maps of magnetic susceptibility for Phase I and Phase I & II

  13. Slide 13: Phase 2 - High Resolution Ground Magnetic Survey (2012)

    Slide - 13 - Phase 2 -High Resolution Ground Magnetic Survey (2012) Survey Results  Magnetic susceptibility levels higher than 0.9 S.I. units between 600m and 0m elevations  Fully confined within the boundaries of Admiralty’s property  Located near the surface  Lateral dimensions of 250m x 900m

  14. Slide 14: High Resolution Ground Magnetic Survey (Continued)

    Slide - 14 - High Resolution Ground Magnetic Survey (Continued) Depth slices of magnetic susceptibility at different elevations

  15. Slide 15: Drilling

    Slide - 15 - Drilling PRE-DRILLING WORK: Complete geological appraisal of the ore potential to sink drill holes in the areas of maximum opportunity for ore discovery STRATEGY: Provide reliable information while minimising cost and maximising results discovery in the ore body study and target evaluat

  16. Slide 16: La Chulula Diamond Drilling (DD) test hole

    Slide - 16 - La Chulula Diamond Drilling (DD) test hole Factsheet  Date of execution: 5-18 February 2012  Number of holes: 1 x 600m  Inclination of drill hole: 50 degrees Results  Confirmation of mineralisation depth  Confirmation of mineralisation volume: 450m out of 600m contained suitable mi

  17. Slide 17: La Chulula RC drilling programme – Phase 1

    Slide - 17 - La Chulula RC drilling programme – Phase 1 Factsheet  Date of execution: 6 June – 10 July 2012  Number of metres drilled: 2,748m  Number of holes: 10 holes of 200-350m each  Inclination of drill hole: 50-60 degrees Results  Confirmation of mineralisation extension, according to the

  18. Slide 18: La Chulula RC drilling programme – Phase 2

    Slide - 18 - La Chulula RC drilling programme – Phase 2 Factsheet  Date of execution: 4 September – 19 October 2012  Number of metres drilled: 3,135m  Number of holes: 17 holes of 150-315m each  Inclination of drill hole: 50-60 degrees Results  Confirmation of mineralisation extension , type an

  19. Slide 19: At the field at La Chulula

    At the field at La Chulula

  20. Slide 20: Resource Exploitation

    Resource Exploitation ‘@B ADMIRALTY RESOURCES

  21. Slide 21: Magnetite Iron Production Workflow

    Slide - 21 - Magnetite Iron Production Workflow MAGNETIC MINE TRANSPORT SCREENING FILTERING/ DRYING CRUSHING SEPARATION EXTRACTION TO PLANT GRINDING (high speed drums) (wet or dry) *It takes about 1.5 tonnes of iron and 0.5 tonne of coke to produce a tonne of pig iron, the raw material that comes ou

  22. Slide 22: Conceptual Crushing Plant

    Slide - 22 - Conceptual Crushing Plant Above: Jaw Crusher. Below: Cone Crusher. Source: Project & Maintenance Engineering S.A. (PME), Chile

  23. Slide 23: Conceptual Crushing Plant Design (Continued)

    Source: Project & Maintenance Engineering S.A. (PME), Chile Conceptual Crushing Plant Design (Continued) Slide - 23 -

  24. Slide 24: Conceptual Beneficiation Plant Design

    Slide - 24 - Conceptual Beneficiation Plant Design Source: Project & Maintenance Engineering S.A. (PME), Chile

  25. Slide 25: Final Product: Lump and Fines

    Slide - 25 - Final Product: Lump and Fines Production from the real live test performed on Soberana ROM (July 2012).

  26. Slide 26: Final Product Composition

    Slide - 26 - Final Product Composition Extract from Certificate of Analysis issued by Alex Stewart International on the 44,592,413 WTM iron ore fines shipped by MV ZHI QIANG on 22 October 2008.

  27. Slide 27: Admiralty's Projects Summary

    Admiralty’s Projects Summary

  28. Slide 28: Projects Location

    Slide - 28 -  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  7km from the railway line owned by Ferronor S.A. and 3km from the Pan American highway, with direct access  High voltage powe

  29. Slide 29: Projects Location

    Slide - 29 - Projects Location 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.

  30. Slide 30: Project 1 – Harper South District

    Slide - 30 - PROJECT 1 – Harper South District  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 separated by ancient ri

  31. Slide 31: Project 2 – Pampa Tololo District

    Slide - 31 - PROJECT 2 – Pampa Tololo District  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 200-250m and exhibiti

  32. Slide 32: Project 3 – Cojin District

    Slide - 32 - PROJECT 3 – Cojin District  Three exploitation concessions, covering 647 hectares, 10% of Admiralty’s mineral tenure  Located 8-15 km from El Algarrobo, iron ore mine owned by CMP1  El Algarrobo supplies preconcentrates to CMP’s iron pellet plant in Huasco and 60% of CMP’s production

  33. Slide 33: Appendix

    Appendix ‘@B ADMIRALTY RESOURCES

  34. Slide 34: Corporate Directory

    Slide - 34 - Corporate Directory 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: +61 3 9620 7144 Email: i

  35. Slide 35: Thank you for your attention

    Thank you for your attention. I would be pleased to address any questions from the floor.

Admiralty Resources NL — Americas Iron Ore Conference 2012 on 6ix