Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Shareholder Meeting (November 2014)
31 slides from Andromeda Metals's shareholder meeting presentation, Nov 25, 2014
Slide 1: Annual General Meeting – Managing Director's Presentation
For personal use only Annual General Meeting Tuesday 25 November 2014 Managing Director’s Presentation
Slide 2: 12 Months Summary
12 Months Summary For personal use only • Drilling on Moonta Project discovers the Six Ways and Blue Tongue zones, and increases the strike of the Bruce Zone at Alford West. Mineral system dimensions expanded. • Also at Moonta, FPXRF soil geochemistry defines highly regarded Tomahawk anomaly while o
Slide 3: Gold and Copper prices in A$ – 12 month summary
Gold and Copper prices in A$ – 12 month summary For personal use only Gold A$/oz Copper A$/kg 1540 8.4 1500 8.0 1460 1420 7.6 1380 7.2 1340 Nov Nov Nov Nov 2013 2014 2013 2014 ~3% decrease ~1% increase Prices of ADN’s target commodities Data source: InfoMine.com 3
Slide 4: Relative performance of gold and base metal prices
Relative performance of gold and base metal prices A$ prices indexed to 1 January 2000 For personal use only 600 Index A$ “The best of times” Lehman “The worst of times” 500 Brothers Gold Copper Collapse Aluminium 400 Zinc Nickel Percentage (%) 300 200 100 0 4
Slide 5: Company projects
Company projects Quality suite of copper and gold prospects and a team that can deliver For personal use only • Strict copper and gold focus • Recognised discovery track record ― Greenfield finds and the identification of opportunities left Rover by past explorers Gold/Copper Drummond • Board and se
Slide 6: Moonta Copper Gold Project
Moonta Copper Gold Project 819km2 100% owned tenement1 within highly mineralised Moonta-Wallaroo For personal use only district on South Australia’s Yorke Peninsula • In the Olympic Copper-Gold Province (“OCGP”), a world class copper belt ― Resource majors, copper producers and established mines pro
Slide 7: Olympic Copper-Gold Province
Olympic Copper-Gold Province Heavily pegged world-class province of Iron Oxide Copper Gold (“IOCG”) style For personal use only deposits • The best endowed copper belt in Australia ― c.75% of the known copper Resources in Australia • Current Mineral Resources include: ― Olympic Dam 10,103Mt at 0.78%
Slide 8: Significant depth in Moonta-Wallaroo district deposits
Significant depth in Moonta-Wallaroo district deposits Historic production grade estimated to be c.3% Cu For personal use only Long Section of the Wallaroo Mine Long Section of Elders Main Lode (at Kadina) in 1917 (at Moonta) in 1917 700 metres 850 metres 8
Slide 9: Ore shoot significance in Moonta-Wallaroo district
Ore shoot significance in Moonta-Wallaroo district Historic deposits typified by steeply plunging ore shoots – likely to be repeated in For personal use only new discoveries Long Section of the Wallaroo Mine (at Kadina) in 1917 • Historic records confirm steeply plunging ore shoots are the norm in t
Slide 10: Adelaide's goal on the Moonta Copper Gold Project
Adelaide’s goal on the Moonta Copper Gold Project For personal use only The Company recognises that potentially economic deposits can display a significant range of tonnage, grade and other parameters. None the less, for guidance, we believe that deposits of approximately 50 million tonnes grading a
Slide 11: Alford West – 2013 AGM status
Alford West – 2013 AGM status One year ago we had a geochemically defined target extending over about 3.3km For personal use only (in yellow) and had drilled 11 traverses over 1.1km of strike (blue dots). • 2013 results included Alford West summary plan – November 2013 — 15m at 2.89% Cu and 0.15g/t
Slide 12: Alford West – 2014 AGM status
Alford West – 2014 AGM status Geochemically defined target area doubled in size (in yellow), 19 new drill traverses For personal use only extend coverage across target area (blue dots), four internal zones of better grade identified (red zones) Alford West summary plan – November 2014 • 2014 results
Slide 13: Alford West – Bruce Zone successfully extended along strike
Alford West – Bruce Zone successfully extended along strike 2014 results some of the best achieved at the Bruce Zone to date For personal use only • ALWAC261 intersects 11m at Drill section 752,770mE 1.52% Cu from 78m downhole, including: ― 2m at 3.23% Cu from 87m to EOH • ALWAC285 intersects 9m at
Slide 14: Alford West – discovery of new Six Ways Zone
Alford West – discovery of new Six Ways Zone 2014 drilling discovered a new high grade copper zone southwest of 2013 drilling For personal use only • ALWAC171 intersects 23m at Drill section 752,000mE 1.47% Cu from 7m downhole, including: ― 11m at 2.23% Cu from 10m • ALWAC269 intersects 23m at 0.69%
Slide 15: Alford West – Further Good Results at Larwood Zone
Alford West – Further Good Results at Larwood Zone 2014 drilling continues to build on 2013 results For personal use only • 2013 drilling on section 753,880mE had returned Drill section 753,880mE promising North Lode intersections in ALWAC019 • The mineralisation model predicted that a strong target
Slide 16: Alford West – Blue Tongue Zone discovery
Alford West – Blue Tongue Zone discovery Discovery of Blue Tongue mineralisation demonstrates potential of For personal use only innovative FPXRF geochemical exploration method • Significant new FPXRF copper anomaly discovered Drill section 752,300mE late 2013 • Drilling in early 2014 intersects zon
Slide 17: Alford West – 3D mineralisation model
Alford West – 3D mineralisation model 3D model shows that the four recognised zones are all part of one giant IOCG For personal use only system • Four internal zones show potential to contribute to a mineral resource • All four zones remain open at depth (and along strike for some zones) • Dimension
Slide 18: Alford West – significant depth potential
Alford West – significant depth potential If the Larwood, Bruce, Six Ways and Blue Tongue Zones have the same steeply For personal use only plunging shoot morphologies commonly seen in the district, significant potential exists to substantially grow these discoveries to depth. • Larwood Zone has 600
Slide 19: FPXRF geochemistry – Blue Tongue
FPXRF geochemistry – Blue Tongue At Blue Tongue FPXRF geochemistry (top profile) clearly defines the underlying For personal use only copper mineralised zone (cross section at bottom) 19
Slide 20: Generative exploration – FPXRF geochemistry
Generative exploration – FPXRF geochemistry Innovative FPXRF geochemistry presents cost-effective target generation method For personal use only • 2013 trials confirmed that FPXRF soil anomalies sourced by known underlying mineralisation • FPXRF is exceptionally cost effective and time efficient • F
Slide 21: West Doora Prospect – another opportunity from the historic data
West Doora Prospect – another opportunity from the historic data For personal use only • One of WMC/NBH’s main prospects in the 1970s • Magnetite-bearing host rock • Wide zones of copper mineralisation Cross section Drill collars on magnetic image Core from DDH114 - 252m (Mag-Cpy-Po) 21
Slide 22: Drummond Epithermal Gold Project
Drummond Epithermal Gold Project Rock chip sampling confirms widespread anomalous gold in vein material For personal use only • 100% owned, 270 km2 project • Maximum rock chip of 55.4g/t gold from South West Limey Dam Prospect • Signature epithermal pathfinder elements and vein textures present • Su
Slide 23: Epithermal Systems
Epithermal Systems For personal use only • Form during periods of active volcanism associated with subduction of tectonic plates • Metals deposited in quartz/silica veins at relatively shallow depths below the surface from hot volcanic fluids Active epithermal • Bonanza gold grades (Pajingo resource
Slide 24: Geological Model of an Epithermal Gold System
Geological Model of an Epithermal Gold System For personal use only Bladed carbonate Arsenic Zone Gold Zone (At depth Colloform banding below arsenic zone) (After Buchanan (1981), Morrison et al. (1990) and Corbett & Leach (1997)). 24
Slide 25: South West Limey Dam Prospect
South West Limey Dam Prospect Large target displaying classic epithermal features For personal use only • Petrology on rock chips confirms epithermal character. • Large, high magnitude FPXRF arsenic anomaly on higher ground to south. Anomalous but only low grade gold in rock chips. • Arsenic drops o
Slide 26: South West Limey Dam Prospect
South West Limey Dam Prospect For personal use only Colloform banded vein assaying 2.75g/t Au (gold zone texture) Conan coming down the hill Bladed carbonate (found above gold zone)
Slide 27: Eyre Peninsula Project – New Thurlga JV
Eyre Peninsula Project – New Thurlga JV Eyre Peninsula region has been delivering positive exploration results For personal use only • Recently announced Thurlga Joint Venture with Investigator Resources (ASX:IVR) will see a recommencement of exploration effort on Eyre Peninsula Project • Investigat
Slide 28: Eyre Peninsula Project – Uno Province
Eyre Peninsula Project – Uno Province Belt of geology immediately south of Gawler Range Volcanics For personal use only • Current land surface of the Uno Province exposes rocks that were at, or close to, the land surface 1590 million years ago. • A diverse suite of mineral deposit types can form in
Slide 29: Rover Gold Copper Project
Rover Gold Copper Project A strategic, highly prospective land position in the Tennant Creek district For personal use only • 100% owned • Prospects include Rover 4, Rover 12 and ADN’s share of Rover 1. ― Neighbour Metals X looking at development options for its portion of Rover 1 (1.22Moz gold equi
Slide 30: Future focus and program
Future focus and program* Alford West and surrounding prospects to remain the major focus For personal use only Moonta Copper Gold project • First deep drilling at Larwood and Bruce Zones at Alford West • Aircore drilling at Tomahawk and at Six Ways and Blue Tongue Zones at Alford West • On-going FP
Slide 31: Disclaimer, Competent Person's statement and JORC statements
Disclaimer, Competent Person’s statement and JORC statements Disclaimer For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited (“Adelaide Resources” or the “Company”) and its activities. Some statements in this presentation regarding es
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