Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (April 2012)
32 slides from Andromeda Metals's investor presentation, Apr 16, 2012
Slide 1: Adelaide Resources Limited Investor Presentation
For personal use only Adelaide Resources Limited Investor Presentation April 2012 Slide 1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer Disclaimer and and Competent Competent Person’s Person’s Statement Statement For personal use only The The information information in in this this presentation presentation is is published published to to inform inform you you about about Adelaide Adelaide Resources Resources Limited Limi
Slide 3: Corporate statistics
Corporate statistics For personal use only • Listed Listed on on ASX ASX in in 1996 1996 (ADN) (ADN) • Shares Shares issued issued 145 million million • Unlisted Unlisted securities securities 3.1 million million • Cash Cash ~$4 ~$4 million million • Shareholders Shareholders 2315 2315 • Top Top 20
Slide 4: The Board and Senior Management
The Board Senior Management For personal use only Andrew Andrew Brown Brown –– Fund Fund Manager Manager Nick Nick Harding Harding –– Accountant Accountant Non-executive Non-executive Chairman Chairman Company Company Secretary/CFO Secretary/CFO 30+ 30+ years years experience experience 25+ 25+ year
Slide 5: ADN has a serious go for its shareholders
ADN has a serious go for its shareholders For personal use only ADN annual exploration and administration spend 5000 4500 Exploration funding 4000 Joint Venture Adelaide Resources 3500 Administration 3000 $ ‘000s 2500 2000 1500 1000 500 0 / 98 /99 /00 1 02 3 6 / 08 9 /10 /11 /04 5 7 /0 /0 /0 /0 /0 /
Slide 6: Project Locations
Tier 1 Project Locations For personal use only ROVER Gold/Copper Northern Territory Queensland South Australia MOONTA Victoria EYRE PENINSULA Copper/Gold Gold/Copper Slide 6
Slide 7: Moonta Project
For personal use only Moonta Project Slide 7
Slide 8: Moonta Project – Location showing 2012 targets
Moonta Project – Location showing 2012 targets For personal use only Slide 8
Slide 9: Moonta Project – Paskeville Prospect
Moonta Project – Paskeville Prospect For personal use only Two Two rigs rigs at at the the Paskeville Paskeville Prospect Prospect -- March March 2012 2012 Slide 9
Slide 10: Paskeville Prospect
Paskeville Prospect For personal use only Slide 10
Slide 11: Paskeville Prospect – Recent drilling
Paskeville Prospect – Recent drilling For personal use only Slide 11
Slide 12: Paskeville Prospect – Section
Paskeville Prospect – Section 1 For personal use only PAC006 intersection of 42 metres at 1.1% Cu and 0.11g/t Au is un-bottomed. Mineralisation open at depth and along strike. Potentially significant silver also present. Slide 12
Slide 13: Paskeville Prospect – Section
Paskeville Prospect – Section 2 For personal use only Zone of copper mineralisation is approximately 100 metres wide. Slide 13
Slide 14: Paskeville – Historical geophysics
Paskeville – Historical geophysics For personal use only x GeoTEM Conductors IP anomaly x x x x x Slide 14
Slide 15: Willamulka Prospect – Drillhole plan
Willamulka Prospect – Drillhole plan For personal use only Shoot A – 550 metre long coherent zone of thicker and higher grade mineralisation. Slide 15
Slide 16: Willamulka Prospect – Section
Willamulka Prospect – Section For personal use only Slide 16
Slide 17: Moonta Project – Significant intersections
Moonta Project – Significant intersections For personal use only Prospect Hole Year Easting Northing Final From To Interval Cu Au Dip Azimuth Name Name Drilled (mga94) (mga94) Depth (m) (m) (m) % g/t PAC001 2012 767784 6235063 -90 ~ 75 11 21 10 1.06 ~ 58 67 9 1.27 0.06 PAC005 2012 767826 6235036 -90
Slide 18: Moonta Project – Summary
Moonta Project – Summary For personal use only • Area of current activities is 100% owned. • Falls in World Class Olympic Copper Gold Province of SA (includes Olympic Dam, Prominent Hill, Hillside deposits). • Significant discovery at Paskeville – a 4.5 x 2.0 km area of surface anomalism untested be
Slide 19: Rover Project
For personal use only Rover Project Slide 19
Slide 20: Rover Project – Location
Rover Project – Location For personal use only Slide 20
Slide 21: Rover Prospect – Section
Rover 1 Prospect – Section For personal use only System of substantial dimension confirmed on ADN’s ground. High grades of gold and copper intersected. Neighbour Westgold Resources has recently applied for approval to establish an exploration decline into Rover 1 (1.22 Moz Aueq resource). Slide 21
Slide 22: Rover Prospect – Section
Rover 4 Prospect – Section For personal use only Located about 2.2km northeast of Rover 1. Shallowest known mineralisation in the broader Rover Field. Two main zones of Cu-Au present. Ranks second behind Rover 1 in terms of Rover Field deposits. Slide 22
Slide 23: Rover – Section
Rover 12 – Section For personal use only Early stage prospect. Geophysics suggest a host system comparable in size to Rover 1. 2011 drilling intersected narrow but good grades in shear setting analogous to Emmerson’s recent discoveries in Tennant Creek Field. Slide 23
Slide 24: Rover Project – Significant intersections
Rover Project – Significant intersections For personal use only Year Easting Northing Total From To Interval Au Cu Prospect Hole ID Dip Azimuth Drilled (MGA94) (MGA94) Depth (m) (m) (m) g/t % R1ARD29 2009 359180 7787953 -87 355 711.4 555 571 16 0.21 1.20 R1ARD30 2009 359179 7787953 -87 350 781.0 357
Slide 25: Rover Project – Summary
Rover Project – Summary For personal use only • 100% owned project . • Significant zones of high grade gold and copper mineralisation confirmed in ADN’s part of the Rover 1 deposit. WGR likely to develop its part of Rover 1. • Two main zones of copper and gold mineralisation discovered at the Rover
Slide 26: Eyre Peninsula Project
For personal use only Eyre Peninsula Project Slide 26
Slide 27: Eyre Peninsula Project – 3300 km2 land position
Eyre Peninsula Project – 3300 km22 land position For personal use only Paris silver discovery (Investigator Resources) Barns/White Tank Baggy Green Geochemical gold 30 KM anomaly Slide 27
Slide 28: Eyre Peninsula Project – Significant intersections
Eyre Peninsula Project – Significant intersections For personal use only Year Easting Northing Total From To Interval Au Prospect Hole ID Dip Azimuth Drilled (MGA94) (MGA94) Depth (m) (m) (m) g/t RHBN-050 2000 542211 6366000 -70 090 76 35 43 8 3.00 RCBN-051 2000 542187 6366000 -60 090 120 80 86 6 4.
Slide 29: Eyre Peninsula Project – Summary
Eyre Peninsula Project – Summary For personal use only • 100% owned 3,300 km22 project in Central Gawler Gold Province of SA. • Three gold discoveries made between 2000 and 2004 but project has effectively been idle since late 2004. • Gold price in late 2004 was sub A$600/oz. Gold price now is aroun
Slide 30: Adelaide Resources – Peer comparison
Adelaide Resources – Peer comparison For personal use only Is the market affording fair value to ADN? Share Fully ASX Dil. Market Pro-forma Ent. Value Company Price Diluted Area & Target Code Cap. ($M) Cash ($M) ($M) (cents) Shares (M) Westgold WGR 19.5 417.2 81.36 6.37 75.0 TC, WA: Au, Cu Investiga
Slide 31: Adelaide Resources – Summary
Adelaide Resources – Summary For personal use only • Portfolio of highly prospective, 100% owned, projects in pedigreed belts including Olympic Copper Gold Province, Tennant Creek District, and Central Gawler Gold Province. • Good team of people executing a significant exploration effort with vast m
Slide 32: For personal use only
For personal use only Slide 32
Adelaide Resources — Investor Presentation (April 2012) on 6ix