Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Shareholder Meeting (November 2013)
39 slides from Andromeda Metals's shareholder meeting presentation, Nov 20, 2013
Slide 1: 2013 Annual General Meeting Managing Director's Presentation
For personal use only 2013 Annual General Meeting Managing Director’s Presentation #1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involv
Slide 3: 12 Months Summary
12 Months Summary For personal use only • Direct exploration expenditure for 2012/13 was $1.617M, significantly lower than the previous year reflecting a cautionary approach during the on-going difficult financial environment. • Despite the reduced spend, the Company achieved success at the Alford W
Slide 4: Gold and Copper prices in A$ – month summary
Gold and Copper prices in A$ – 12 month summary For personal use only Gold A$/oz Copper A$/kg 2000 10 9 1800 8 1600 7 1400 6 1200 5 Nov 12 Nov 13 Nov 12 Nov 13 ~15% decrease ~1% increase Prices of ADN’s target commodities Data source: InfoMine.com #4
Slide 5: Project locations
Project locations For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper/Silver Australia ANABAMA Copper/Gold/Iron Ore MOONTA Victoria YALANDA Copper/Gold Gold/Silver #5
Slide 6: Moonta Project – location plan
Moonta Project – location plan For personal use only The following slides set the scene #6
Slide 7: Olympic Copper-Gold Province – operating companies
Olympic Copper-Gold Province – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources All land in the Antofagasta OCGP where Areva exploration is BHPB Major allowed is FMG companies pegged. Oz Minerals and copper Rex producers Rio Tinto dominate. Sandfire St
Slide 8: OCGP – depth to prospective basement
OCGP – depth to prospective basement For personal use only The Yorke Peninsula in general, and the A Moonta Project in particular, has the Prominent Hill (100m) shallowest cover anywhere along the Vulcan (900m) Challenger entire Olympic Copper Gold Province. Olympic Dam (330m) Carrapateena (470m) Pu
Slide 9: Moonta Project – exploration history timeline
Moonta Project – exploration history timeline For personal use only Copper Price Historical exploration at Moonta was dominated by mid caps and majors which needed to find very large resources. This presents Adelaide Resources with a valuable historical database and a scale opportunity. The opportun
Slide 10: Historic data – a hugely valuable asset
Historic data – a hugely valuable asset For personal use only Past explorers bequeathed an enormous amount of data. In 2013 dollars, this data is valued in the tens of millions. #10
Slide 11: Moonta Project scene setting key points
Moonta Project scene setting key points For personal use only • Located in the Olympic Copper Gold Province, a region that is totally pegged and where ownership is dominated by many of the World’s largest copper producers. • Our tenement is in the area where the prospective rocks are at their shallo
Slide 12: Magnetic image showing auger copper anomaly and drillhole collars
Alford West – magnetic image showing WMC/NBH auger copper anomaly and drillhole collars For personal use only Area of 2013 drilling #12
Slide 13: Alford West Prospect – 2013 drilling summary
Alford West Prospect – 2013 drilling summary For personal use only Section 753,015mE Section Section Section 753,570mE 753,730mE 753,785mE #13
Slide 14: Prospect – Section 753,015 mE
Alford West Prospect – Section 753,015 mE For personal use only 6m @ 0.77% Cu 6m @ 0.31% Cu, 0.20g/t Au 12m @ 0.41% Cu, 1.44g/t Au 9m @ 0.58% Cu, 0.08g/t Au 8m @ 0.81% Cu, 0.03g/t Au 5m @ 0.37% Cu, 0.01g/t Au 11m @ 0.57% Cu, 0.10g/t Au 7m @ 0.36% Cu 50m @ 0.44% Cu, 0.05g/t Au 7m @ 0.38% Cu, 0.03g/t
Slide 15: Prospect – Section 753,730 mE
Alford West Prospect – Section 753,730 mE For personal use only 20m @ 4.20% Cu, 0.27g/t Au 11m @ 2.33% Cu, 0.68g/t Au 6m @ 0.86% Cu, 0.06g/t Au 5m @ 0.92% Cu, 0.15g/t Au 18m @ 2.22% Cu, 0.17g/t Au 4 @ 1.38% Cu, 0.44g/t Au 6m @ 0.39% Cu, 0.03g/t Au 10m @ 4.23% Cu, 0.20g/t Au 3m @ 1.22% Cu, 0.08g/t Au
Slide 16: Prospect – Section 753,785 mE
Alford West Prospect – Section 753,785 mE For personal use only 14m @ 2.60% Cu, 0.70g/t Au 19m @ 0.29% Cu, 0.05g/t Au 20m @ 1.76% Cu, 0.33g/t Au 45m @ 1.56% Cu, 1.83g/t Au 30m @ 0.41% Cu, 0.30g/t Au 24m @ 0.41% Cu, 0.16g/t Au #16
Slide 17: Drill chips
Alford West – drill chips ALWAC007 ALWAC008 For personal use only Depth Cu % Au g/t Depth Cu % Au g/t 31-32 0.17 0.13 18-19 2.49 0.64 32-33 5.57 0.42 19-20 2.81 7.39 33-34 6.63 0.22 20-21 5.48 8.41 34-35 13.15 0.82 21-22 2.64 2.00 35-36 8.55 0.66 22-23 2.28 2.47 36-37 2.33 0.16 23-24 0.98 7.58 37-38
Slide 18: Current 3-D model (ADN drilling only) looking SE
Alford West – current 3-D model (ADN drilling only) For personal use only 3-D model looking SE #18
Slide 19: Current 3-D model (ADN drilling only) looking down
Alford West – current 3-D model (ADN drilling only) For personal use only 3-D model looking down #19
Slide 20: Current 3-D model (ADN drilling only) looking north
Alford West – current 3-D model (ADN drilling only) For personal use only 3-D model looking north #20
Slide 21: Compared to RXM's Hillside deposit #1
Alford West compared to RXM’s Hillside deposit #1 For personal use only Let’s plot Alford West at the same scale using the same parameters Hillside Resource: 330Mt @ 0.6% Cu, 0.16g/t Au and 13.7% Fe (0.8% CuEq) LEGEND 0m RL Copper zone >0.2% Cover -300m Host rock OPEN -600m OPEN OPEN (Source: Modifi
Slide 22: Compared to RXM's Hillside deposit #2
Alford West compared to RXM’s Hillside deposit #2 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m 1970s auger geochemistry defines target -600m 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL Copper zone >0.2% Cover -300m Host rock OPEN -
Slide 23: Compared to RXM's Hillside deposit #3
Alford West compared to RXM’s Hillside deposit #3 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m Auger holes rarely penetrated deeper than -600m 20 metres but returned very positive results 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL
Slide 24: Compared to RXM's Hillside deposit #4
Alford West compared to RXM’s Hillside deposit #4 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m Drilling to date still relatively shallow but starting to grow deposit at depth -600m 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL Copper
Slide 25: Compared to RXM's Hillside deposit #5
Alford West compared to RXM’s Hillside deposit #5 Extent of auger copper anomaly (3500m) For personal use only 0m RL Never been drilled Never been drilled Very sparsely drilled -300m OPEN OPEN OPEN OPEN OPEN OPEN OPEN OPEN -600m Alford West should grow significantly with further drilling 751000mE 75
Slide 26: Contoured historic auger copper geochemistry
Alford West contoured historic auger copper geochemistry For personal use only #26
Slide 27: Copper Belt
Alford Copper Belt For personal use only #27
Slide 28: Landholder access granted and basement geology
Landholder access granted and basement geology For personal use only #28
Slide 29: Moonta Summary
Moonta Summary For personal use only • Alford West defined by poorly drill tested 3.5 kilometre long auger copper geochemical anomaly. Shallow drilling has tested 1.1 kilometres so far, with copper- gold mineralisation present on every drill traverse. • Coherent zones of high grade mineralisation pr
Slide 30: Rover Gold Copper Project – location
Rover Gold Copper Project – location For personal use only #30
Slide 31: Drummond Epithermal Gold Project – location
Drummond Epithermal Gold Project – location For personal use only #31
Slide 32: Drummond Epithermal Gold Project – prospects and basement geology
Drummond Epithermal Gold Project – prospects and basement geology For personal use only #32
Slide 33: South West Limey Dam Prospect
South West Limey Dam Prospect For personal use only FPXRF arsenic geochemistry. Rock chip sample from South West Limey Dam assaying 55.4g/t gold. #33
Slide 34: Drummond Epithermal Gold Project – location
Drummond Epithermal Gold Project – location For personal use only #34
Slide 35: Eyre Peninsula Gold Project – location
Eyre Peninsula Gold Project – location For personal use only #35
Slide 36: Eyre Peninsula Gold Project – CSIRO Gold in Trees biogeochemistry
Eyre Peninsula Gold Project – CSIRO “Gold in Trees” biogeochemistry research offers potential new search method For personal use only Barns Gold Prospect. #36
Slide 37: Eyre Peninsula Gold Project – gold anomalies and low carbonate areas
Eyre Peninsula Gold Project – gold anomalies and low carbonate areas where biogeochemistry may present breakthrough. For personal use only #37
Slide 38: Future Focus
Future Focus For personal use only • At Alford West complete significant drilling programs to test large un-drilled sections of the auger anomaly and to extend the deposit to depth. • Focus search for next discovery on Alford copper Belt. • Complete in-house modelling of Moonta deposits to begin bui
Slide 39: Adelaide Resources Limited
* Adelaide Resources Limited Providing shareholders with discovery opportunities! 2 = © @ D = © Ss 9 QD = @ a. = © UL adelaideresources.com.au
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