Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (July 2015)
26 slides from Andromeda Metals's investor presentation, Jul 16, 2015
Slide 1: Company Presentation July 2015
adelaideresources.com.au For personal use only Company Presentation July 2015 Drill – Discover – Develop
Slide 2: Investment highlights
adelaideresources.com.au Investment highlights For personal use only • Gold and copper – tight focus • About to drill outcropping epithermal gold mineralisation – Drummond Basin, QLD (Pajingo style) • Copper resource estimation underway for Alford West deposit – SA • Recent gold focussed drilling on
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 Ordinary shares on issue 304.5m • A tight focus on gold and copper Listed options 37.2m in Australia 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 • Model suggests other gold zones likely to • 100% owned, 270 km2 project. be preserved at depth below extensive • At South West Limey Dam multiple gold pathfinder (arsenic) soil anomaly. o
Slide 7: South West Limey Dam – similar to Pajingo 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) Profile (see following slide) Drill – Discover – Develop 9
Slide 10: Topographic profile with surface arsenic and gold results
adelaideresources.com.au Topographic profile with surface arsenic and gold results For personal use only Shallow drill targets under high grade outcropping veins Deeper drill target below arsenic zone Topographic profile showing locations of surface rock chip samples with arsenic and gold assays. To
Slide 11: South West Limey Dam drill programme
adelaideresources.com.au South West Limey Dam drill programme For personal use only • 1200 metre diamond drill program planned to commence in July • Approximately 15 holes will be drilled to test under outcropping Alexandra, Nadia and Anna veins and for gold zone at depth below arsenic anomaly • Kee
Slide 12: Drummond epithermal gold rock chip sampling
adelaideresources.com.au Drummond epithermal gold Rock chip sampling records gold at surface at multiple prospects For personal use only Drill – Discover – Develop 12
Slide 13: 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 Target estimated for Barns + Baggy Green. • 1200m d
Slide 14: Barns gold prospect
adelaideresources.com.au Barns gold prospect Mineralised envelope up to 150 metres thick For personal use only • Broad hits include 143m @ 1.25g/t gold 147m @ 0.86g/t gold • Narrower hits include 5m @ 27.4g/t gold 11m @ 2.84g/t gold 13m @ 4.04g/t gold • Mineralised envelope encloses multiple lodes s
Slide 15: Baggy Green gold prospect
adelaideresources.com.au Baggy Green gold prospect Mineralised envelope up to 30 metres thick For personal use only • Broad hits include 24m @ 2.33g/t gold 23m @ 1.16g/t gold 28m @ 0.83g/t gold • Narrower hits include 10m @ 4.82g/t gold 8m @ 4.79g/t gold 11m @ 2.30g/t gold • Gold disseminated in wes
Slide 16: 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 17: Recent drilling programme
adelaideresources.com.au Recent drilling programme For personal use only • Seven diamond holes completed at Barns and Baggy Green • Drilling hit the “right” rocks and we observed rare grains of native gold • We are optimistic of reporting gold intersections upon receipt of assays Quartz‐pyrite veini
Slide 18: Moonta copper
adelaideresources.com.au Moonta copper 819 km2 tenement within highly For personal use only mineralised Moonta‐Wallaroo district on the Yorke Peninsula • In the Olympic Copper Gold Province ‐ host to 75% of Australia’s copper resources • Project tenement secures the famous Copper Triangle ‐ historic
Slide 19: Moonta copper prospect locations
adelaideresources.com.au Moonta copper Prospect locations For personal use only Drill – Discover – Develop 19
Slide 20: 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 20
Slide 21: 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 22: 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 23: 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 24: Summary
adelaideresources.com.au Summary For personal use only • 100% owned gold and copper focussed projects • Pedigreed belts (Drummond, Olympic IOCG, Tennant Creek, Central Gawler) • Maintaining a very active exploration programme • Copper resource estimation underway for Alford West following 2015 drill
Slide 25: 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
Slide 26: Contact
adelaideresources.com.au For personal use only Contact: Chris Drown 0427 770 653 adelaideresources.com.au Drill – Discover – Develop
Adelaide Resources — Investor Presentation (July 2015) on 6ix