Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Mid Cap Confab (Lodge Partners) 2008
20 slides from Admiralty Resources NL's conference presentation, Apr 9, 2008
Slide 1: Mid Cap Confab - Lodge Partners
Admiralty Resources NL MID CAP CONFAB Lodge Partners April 2008
Slide 2: Company Overview
Company Overview ASX:ADY OTCBB:ARYRY (see www.adrbny.com) 1,021,336,239 million shares on issue (at 8 April 2008) 2,000,000 Non-Executive Director options 9,751 shareholders, 435 overseas 1. ANZ Nominees – 19.14% Admiralty Resources NL Fortune Global Holdings 2. ANZ Nominees Cash – 2.63% 60% of Cia
Slide 3: Key Personnel
Key Personnel Board of Directors - Prof. J Ross Harper CBE – LLB MA DUniv Chairman, Scottish Coal, legal background, London - Michael Robert Clarke MSc – Managing Director – Santiago, Chile - Phillip Thomas – BSc MBM AIG SIA Director, Chairman – Cia Minera Santa Barbara, Managing Director Rincon Lit
Slide 4: Demerger - Status
Demerger - Status • ADY – Consolidate to 280 million shares • Demerger Information memorandum will be put to shareholders at EGM (seeking 45b ATO approval). • Consider Directors Report, Solvency, Tax and Rincon Expert Reports • 280 million shares issued in Rincon Lithium Limited (RLL) • Expect RLL t
Slide 5: Project Focus – Production, Shipping, Finance
Project Focus – Production, Shipping, Finance Cia Minera Santa Bárbara - Chile Feb 2008 – shipping commences – fulfill the 06 SPA agreement to WISCO CFR contract - 8 shipments – 4 handymax, 4 panamax - 350,000 tonnes, $26 million -Apr 2008 – commence 2008 contracts – shipping from Caleta – 2 x 45,00
Slide 6: Key Statistics – Sánta Barbara
Key Statistics – Sánta Barbara 7,421 hectares of tenements at Japonesa Group Mine Vallenar 3,500 hectares at Pampa Tolofo, near Las Colorados Caleta Port 14,500 metres drilling, 1.5-2.0m tonne capacity per annum JORC 89 m tonnes grading 18.0% at Japonesa Candelaria Mine head grade 22.3% Port 3 “foss
Slide 7: 7,421 Hectares in Iron Ore Belt
7,421 Hectares in Iron Ore Belt *Existing mines operated in 1960’s 7
Slide 8: Product Specification
Product Specification Annual shipping Capacity Element Rejection Level % Contract Specification % Fe 62.00 min 63.5 Caleta – 2 x 45,000 x 9 months = 0.810 million tonnes Si02 6.0 max 5.00 Al203 2.0 max 1.2 Candelaria – 4 x 78,000 x 12 months = 3.74 million tonnes P 0.09 max 0.07 S 0.09 max 0.07 Punt
Slide 9: Port of Punta Alcalde
Port of Punta Alcalde Estimated Cost – US$32-$40m Main road to pass site 14km road upgrade 300,000 tonne stockpile Container loading facility – Fruit Port Iron ore loading – Santa Bárbara Copper/Silver – Barrick Mines Coal unloading – Pascua Lama Power project Estimated Completion date Jan 2009 subj
Slide 10: Rincón Salar - Argentina
Rincón Salar - Argentina Major, world-class, multi-element brine resource (Li, K,) located in the Salta Province of Argentina. The 37 tenements cover an area in excess of 250 square kilometres. Key resources are lithium chloride, lithium carbonate and potassium chloride (Potash). Sodium carb
Slide 11: Rincón Salar - Argentina: The Resource
Rincón Salar - Argentina The Resource The Rincón Project is located in north-western Argentina near the Chilean border. It is a hyper saline lake, brine enriched in lithium, magnesium and potash, with three rivers providing subterranean waters flowing into the salar through volcanic rocks. The
Slide 12: Rincón Salar - Argentina
Rincón Salar - Argentina Lithium Concentrations from drill hole data 12
Slide 13: Jujuy R&D and Rincon Plant Organization Chart
Jujuy R&D and Rincon Plant Organization Chart Dr. D. Galli Project Manager Ing. D. Humana Ing. M.M. Otaiza Prof. A. Otaiza R. Santillan Engineering Chief Chemist Administration Operations Manager J.C. Caceres R. Miranda A. Zapata Spectrometrist Systems Assistant Plant Supervisor J. Miranda C. Cachag
Slide 14: JORC Reserve Calculation
JORC Reserve Calculation A block mo reserves: del of the lithium and potassium ves contained in brines of the Salar del Rincon yield the following (1) Lithium Reserves, expressed as Li metal, after 75% recovery: High oom EQSREL '9 Uncertainty of the ; estimate kilo tonnes Proved Reserves 746 911453
Slide 15: Japanese Import Statistics – Lithium Carbonate
Japanese Import Statistics – Lithium Carbonate Lithium price per USD per tonne of Lithium Carbonate tonnage carbonate tonne imported into Japan CHINA 71,5 6,305.48 11,000 10,000 CHILE 707 6,491.09 9,000 8,000 ARGENTINA 180 7,046.78 7,000 6,000 Production target 2009/10 5,000 8,000 tonnes LiCO3 – 99.
Slide 16: Pilot Ponds Construction and Laboratory
Pilot Ponds Construction and Laboratory 16
Slide 17: Lithium Applications – Lithium is not connected to the base metal market
Lithium Applications – Lithium is not connected to the base metal market • The adjacent graph shows SQM view of Global Lithium Consumption. • There has been explosive growth in batteries, ~ 25% CAGR, (2000-05 Roskill) and Industrial Air Conditioning (as a desicant) 23% Others 20% Batteries 16% Greas
Slide 18: Bulman – Northern Territory
Bulman – Northern Territory Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia's Northern Territory. Applied for ELA23814 – 637 sq kilometres In the 1950’s CRA estimated there was 375,000 tonnes @ 15% Zn and 2% Pb of mainly oxide material. The Bulman Leases an
Slide 19: Bulman – MLN 726, 727
Bulman – MLN 726, 727 Bulman Mining leases showing outcrops and banding 19
Slide 20: Pyke Hill – Nickel Cobalt JV – Cougar Metals NL
Pyke Hill – Nickel Cobalt JV – Cougar Metals NL The Pyke Hill Project is located approximately 40km southeast of the Murrin Murrin Nickel Operation, near Leonora, Western Australia. Prospective for a high-grade nickel-cobalt lateritic resource. Estimated in-ground value $3.1b. Aircore drilling
Admiralty Resources NL — Mid Cap Confab (Lodge Partners) 2008 on 6ix