Slide 1: Company Presentation
adelaideresources.com.au For personal use only Company Presentation September 2015 Drill – Discover – Develop
Slide 2: Investment highlights
adelaideresources.com.au Investment highlights • Gold and copper – tight focus and a very active explorer For personal use only • Rock chips to 55.4g/t gold and maiden drilling results to 0.71m @ 9.11g/t gold lead to expanded drilling programme now testing epithermal mineralisation (Pajingo style) a
Slide 3: Company snapshot
adelaideresources.com.au Company snapshot For personal use only • Refreshed board with technical, ASX ticker ADN financial and development skills set First listed on ASX September 1996 • A tight focus on gold and copper Ordinary shares on issue 304.5m in Australia Listed options 37.2m Share price (a
Slide 4: Board and management
adelaideresources.com.au Board and management For personal use only Colin G Jackson – Chairman Metallurgist with over 40 years of industry experience. Held senior executive roles with Normandy, Newcrest and Merrill Lynch. Past director of Terramin and Chairman of Intrepid Mines and Red 5. Guided the
Slide 5: Asset portfolio
adelaideresources.com.au Asset portfolio Focused suite of Australian gold and copper prospects For personal use only • Drummond (QLD) classic epithermal gold target in highly pedigreed belt • Eyre Peninsula (SA) Rover large land position in the Gold/Copper Drummond emerging Central Gawler Gold provi
Slide 6: Drummond epithermal gold
adelaideresources.com.au Drummond epithermal gold For personal use only Classic epithermal gold target defined • First company drilling now underway • Outcropping high grade gold in surface ($100,000 co‐funding from QLD Govt) rock chips (max of 55.4g/t, 46 samples assay >1g/t) • Positive initial res
Slide 7: South West Limey Dam – similar to Pajingo (>3Moz) gold deposit
adelaideresources.com.au South West Limey Dam – similar to Pajingo (>3Moz) gold deposit For personal use only Pajingo Mine South West Limey Dam South West Limey Dam Zed Lode (U/G) Nadia vein (surface) Alexandra vein (surface) 26.2g/t Gold 34.2g/t Gold 31.0g/t Gold Drill – Discover – Develop 7
Slide 8: General epithermal gold model
adelaideresources.com.au General epithermal gold model For personal use only Arsenic Zone Gold Zone (At depth below arsenic zone) (After Buchanan (1981), Morrison et al. (1990) and Corbett & Leach (1997)). Drill – Discover – Develop 8
Slide 9: South West Limey Dam
adelaideresources.com.au South West Limey Dam For personal use only Colloform banded vein assaying 55.4g/t Au (gold zone texture) Bladed carbonate (found above gold zone) Drill – Discover – Develop 9
Slide 10: 0.71 metres at 9.11g/t gold in first drilling!
adelaideresources.com.au 0.71 metres at 9.11g/t gold in first drilling! For personal use only Alexandra vein cross section. Epithermal colloform vein textures. Drill – Discover – Develop 10
Slide 11: Moving immediately to test deeper targets in current programme!
adelaideresources.com.au Moving immediately to test deeper (but still <100m below surface) targets in current programme! For personal use only Alexandra vein long projection. Drill – Discover – Develop 11
Slide 12: South West Limey Dam drill programme
adelaideresources.com.au South West Limey Dam drill programme For personal use only • Program expanded to 1,600 metres following good early results and excellent cost efficiency • Results from 14 shallow holes released – results from a further ~13 holes to flow in coming weeks • $100,000 co‐funding
Slide 13: Drummond gold summary
adelaideresources.com.au Drummond gold summary • High grade epithermal target confirmed by 1st holes, including intersection For personal use only of 0.71 metres at 9.11g/t gold • Widespread gold in rock chips at South West Limey Dam and other prospects in Glenroy veinfield (to date 46 surface sampl
Slide 14: Eyre Peninsula gold
adelaideresources.com.au Eyre Peninsula gold Large project in Central Gawler Gold Province For personal use only • Largely 100% owned 3,640km2 project • The Barns, Baggy Green and White Tank gold prospects are 100% owned • Significant Exploration Target1 of 20‐40Mt at 0.4‐0.6g/t gold estimated for B
Slide 15: Barns gold prospect
adelaideresources.com.au Barns gold prospect Mineralised envelope up to 150 metres thick For personal use only • Recent results include 16.1m @ 3.06g/t gold 7.0m @ 1.11g/t gold 15.0m @ 1.25g/t gold • Historical broad hits 143m @ 1.25g/t gold 147m @ 0.86g/t gold • Narrower hits include 5m @ 27.4g/t g
Slide 16: Baggy Green gold prospect
adelaideresources.com.au Baggy Green gold prospect Mineralised envelope up to 30 metres thick For personal use only • Recent hits include 30m @ 0.86g/t gold, including 11m @ 1.87g/t gold 8m @ 1.22g/t gold • Historical hits include 24m @ 2.33g/t gold 23m @ 1.16g/t gold 28m @ 0.83g/t gold • Narrower h
Slide 17: Exploration Target
adelaideresources.com.au Exploration Target 3‐D models of mineralised envelopes at Barns (left) and Baggy Green (right) For personal use only To a depth of 200 metres below surface the Company estimates a combined Exploration Target ranging from 20 to 40 million tonnes at a grade ranging from 0.4g/t
Slide 18: Eyre Peninsula gold summary
adelaideresources.com.au Eyre Peninsula gold summary • Large land position with 100% owned gold prospects (lode gold style) For personal use only • Recent good drill intersections at Barns and Baggy Green • Large Exploration Target estimated (20‐40Mt @ 0.4‐0.6g/t gold) Next steps • Q: Can we define
Slide 19: Moonta copper
adelaideresources.com.au Moonta copper 819 km2 tenement within highly For personal use only mineralised Moonta‐Wallaroo district on the Yorke Peninsula • Iron Oxide Copper Gold style deposits • In the Olympic Copper Gold Province ‐ host to 75% of Australia’s copper resources • Project tenement secur
Slide 20: Moonta copper – Prospect locations
adelaideresources.com.au Moonta copper Prospect locations For personal use only Drill – Discover – Develop 20
Slide 21: Alford West – a near surface discovery
adelaideresources.com.au Alford West – a near surface discovery Prospect summary plan For personal use only Drill – Discover – Develop 21
Slide 22: Alford West – Larwood Zone lode
adelaideresources.com.au Alford West – Larwood Zone lode Drill section 753,730mE For personal use only • Numerous drill intersections returned from sub‐vertical lodes • Results include 20m @ 4.20% Cu, 0.27g/t Au 15m @ 2.89% Cu, 0.15g/t Au 45m @ 1.56% Cu, 1.86g/t Au 14m @ 2.60% Cu, 0.70g/t Au • 600m
Slide 23: Alford West – Bruce Zone lode
adelaideresources.com.au Alford West – Bruce Zone lode Drill section 752,770mE For personal use only • Sub‐vertical lodes in deeply weathered host • Results include 9m @ 2.75% Cu, 0.15g/t Au 11m @ 1.52% Cu, 0.04g/t Au 18m @ 1.14% Cu, 0.04g/t Au 15m @ 1.00% Cu, 0.02g/t Au • 700m strike length with go
Slide 24: Moonta copper summary
adelaideresources.com.au Moonta copper summary • Largely 100% owned tenement secures “Copper Triangle” district in Olympic For personal use only Copper Gold IOCG Province • Recent focus on Alford West has delivered many good intersections and defined long strike length of mineralisation • Numerous o
Slide 25: Rover copper gold
adelaideresources.com.au Rover copper gold A strategic, highly prospective land • 100% owned For personal use only position in the Tennant Creek district • Prospects include Rover 4, Rover 12 and part of Rover 1 • Company drill results at Rover 1 include: ‐ 55m at 3.36% Cu, 0.16g/t Au ‐ 34m at 2.05%
Slide 26: Rover copper gold summary
adelaideresources.com.au Rover copper gold summary • 100% owned tenements capture majority of the Rover Field For personal use only • Share of the Rover 1 deposit where it crosses into ADN’s ground. • Wholly owned Rover 4 deposit (2km from Rover 1) includes shallowest mineralisation in Rover Field •
Slide 27: For personal use only
adelaideresources.com.au For personal use only Contact: Chris Drown 0427 770 653 adelaideresources.com.au Drill – Discover – Develop
Slide 28: Disclaimer, Competent Person's statement and JORC statements
adelaideresources.com.au 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