Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (June 2016)
28 slides from Andromeda Metals's investor presentation, Jun 14, 2016
Slide 1: Investor Presentation June 2016
adelaideresources.com.au For personal use only 2016 Investor Presentation June 2016 Drill – Discover – Develop
Slide 2: Company snapshot
adelaideresources.com.au Company snapshot For personal use only • Main focus is gold ASX ticker ADN First listed on ASX September 1996 • Recent complementary lithium activity Ordinary shares on issue 358.4m • Significant copper projects Listed options 37.2m • Projects located in pedigreed mining Sha
Slide 3: Asset portfolio: Focused suite of Australian prospects
adelaideresources.com.au Asset portfolio Focused suite of Australian prospects For personal use only Gold • Eyre Peninsula (SA) – advanced exploration prospects leading to JORC and met tests at Barns camp • Drummond (QLD) – four drill ready epithermal gold targets in high grade gold district Lithium
Slide 4: Eyre Peninsula gold
adelaideresources.com.au Eyre Peninsula gold Large project in Central Gawler Gold Province For personal use only • Largely 100% owned 3,123km2 project • Barns Camp gold deposits (Barns, Baggy Green, White Tank) all 100% owned • Deposits found in early 2000’s when gold was ~A$550/ounce. Increase to p
Slide 5: Barns gold deposit
adelaideresources.com.au Barns gold deposit Multiple moderately dipping lodes beneath flat lying supergene zone For personal use only • Geochemically depleted “pallid” zone near surface • Flat lying supergene zone near base of weathering • Multiple stacked primary lodes separated by low grade or bar
Slide 6: October 2015 Exploration Target
adelaideresources.com.au October 2015 Exploration Target For personal use only Exploration Target is based on real drill data October 2015 Barns 3-D mineralisation model. To a depth of 200 metres below surface the Company estimates a combined Exploration Target ranging from 2.5 to 3.5 million tonnes
Slide 7: Barns – interpreted deposit model
adelaideresources.com.au Barns – interpreted deposit model Thorough revision of mineralisation model completed in Q1 2016 For personal use only • The model revision confirms the presence of two flat lying supergene gold zones, below which lie up to ten sub-parallel west dipping primary lodes Revised
Slide 8: Barns – independent assessment
adelaideresources.com.au Barns – independent assessment Independent consultants Mining Plus and Maptek review project data For personal use only • The Barns drilling database and the in-house deposit model were presented to consultancy groups Mining Plus Pty Ltd and Maptek Pty Ltd which completed an
Slide 9: Barns – part of a larger gold camp
adelaideresources.com.au Barns – part of a larger gold camp Additional gold resources near Barns would improve project For personal use only • Past drilling has discovered other prospects that can build local resource base • Resource drilling at Baggy Green and exploration drilling at other targets
Slide 10: Eyre Peninsula Gold summary
adelaideresources.com.au Eyre Peninsula Gold summary For personal use only • Oct 15 Exploration Target for Eyre gold deposits indicates potential ranging from 2.5 to 3.5 million tonnes at a grade ranging from 1.3 to 2.0 g/t gold • Recent modelling at Barns adds confidence estimation of a mineral res
Slide 11: Drummond epithermal gold
adelaideresources.com.au Drummond epithermal gold For personal use only Classic epithermal gold targets • 100% owned, 833 km2 project • Targeting high grade gold hosted by epithermal quartz veins (eg Pajingo, Yandan and Wirralie) • Granted tenements (black borders) secure the emerging “Glenroy Field
Slide 12: What is an epithermal gold system?
adelaideresources.com.au What is an epithermal gold system? For personal use only • Form during periods of active volcanism associated with subduction of tectonic plates • Metals deposited in quartz veins at relatively shallow depths below the surface from hot volcanic fluids • Fluids vent on surfac
Slide 13: General model of an epithermal gold system
adelaideresources.com.au General model of an epithermal gold system 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 13
Slide 14: Glenroy Field (granted Drummond tenements)
adelaideresources.com.au Glenroy Field (granted Drummond tenements) For personal use only • Drummond Basin Cycle 1 geology – main epithermal gold host in region • Numerous sizable gold-bearing epithermal systems outcrop at surface in the Glenroy Field • Level of systems exposed at today’s land surfa
Slide 15: Bunyip drill target
adelaideresources.com.au Bunyip drill target For personal use only • Prospect discovered in late 2015 • Surface rock chips to 19.65g/t gold • Over 2,000 metres of quartz veins exposed at surface • Strong associated arsenic and molybdenum pathfinder metal anomalism • Nearby palaeo-surface sinters con
Slide 16: Additional drill targets delineated in 2016
adelaideresources.com.au Additional drill targets delineated in 2016 For personal use only • Poppi’s Prospect – surface rock chips include 6.04g/t, 4.06g/t, 3.54g/t and 2.70g/t gold. Silver to 22.7g/t present. (Gold zone exposed at surface) • Roo Tail – rock chips include 2.19g/t and 1.09g/t gold. A
Slide 17: Drummond summary
adelaideresources.com.au Drummond summary For personal use only • Land holding 100% owned and significantly expanded in 2016 • Granted tenements secure the Glenroy epithermal field – multiple epithermal systems identified • The Glenroy systems are generally not deeply eroded - target gold zones like
Slide 18: Lithium initiative
adelaideresources.com.au Lithium initiative For personal use only Strong market interest has prompted lithium investigation • Lithium is finding increasing application in batteries used in the technology, solar energy and automotive sectors • Worldwide, lithium is extracted from two principal source
Slide 19: Hardrock lithium (and other metals)
adelaideresources.com.au Hardrock lithium (and other metals) Davenport Ranges (NT) Coolgardie (WA) For personal use only • 540 km2 tenement application • 93 km2 tenement application • Past Trew Creek samples assayed • Geological setting analogous to Lithium 26.6% Ta2O5, 31.7% Nb, 2.0% WO3; and Austr
Slide 20: Lithium brines
adelaideresources.com.au Lithium brines For personal use only Exploration process • Confirm elevated lithium in lake brines - simple low cost sampling exercise • Locate potential brine reservoir - most likely to be palaeochannels in Australian settings (can be detected using AEM, passive seismic, el
Slide 21: Lithium brines – ADN is a first mover
adelaideresources.com.au Lithium brines – ADN is a first mover South Australian salt lakes For personal use only • SA in same arid latitudinal belt that includes “Lithium Triangle” brine fields in South America • Tenement applications lodged in response to work by Geoscience Australia which noted ce
Slide 22: Moonta copper
adelaideresources.com.au Moonta copper Advanced exploration in Australia’s premier IOCG copper belt For personal use only • Largely 100% owned tenement secures numerous copper (gold) targets • Significant discoveries at Alford West, Willamulka, Wombat and Paskeville • Well positioned to attract thir
Slide 23: Alford West
adelaideresources.com.au Alford West For personal use only Drill section 753,730mE (Larwood Zone) • Numerous drill intersections returned from sub-vertical lodes at Larwood and Bruce • 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.
Slide 24: 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 northern continuation of Metals X’s 1.22Moz AuEq Rover 1 deposit • Company drill results at Rover 1 incl
Slide 25: Forward programme and share price catalysts
adelaideresources.com.au Forward programme and share price catalysts For personal use only Next 6 months • JORC Resource estimation for Barns gold deposit on Eyre Peninsula • Resource focussed drilling leading to JORC Resource estimation at Baggy Green gold prospect on Eyre Peninsula • Metallurgical
Slide 26: Last word
adelaideresources.com.au Last word For personal use only • Advanced gold prospects on Eyre Peninsula in SA • Exploration blue sky at epithermal gold field in the Drummond Basin in QLD • Complementary lithium focussed initiative in NT, WA and SA • First mover in Australian lithium brines • Strong cop
Slide 27: Disclaimer, Competent Person's statement and JORC statements
adelaideresources.com.au Disclaimer, Competent Person’s statement and JORC statements For personal use only Disclaimer 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
Slide 28: Contact: Chris Drown
adelaideresources.com.au For personal use only Contact: Chris Drown 0427 770 653 adelaideresources.com.au Drill – Discover – Develop
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