Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — RIU Explorers Conference 2015
27 slides from Andromeda Metals's conference presentation, Feb 26, 2015
Slide 1: Company Presentation
For personal use only 2015 Company Presentation 26 February 2015
Slide 2: Company snapshot
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 copper and gold Listed options 37.2m in Australia Share price (as at 23-Feb-15) A$0.027 •
Slide 3: Board and management
Board and management Colin G Jackson – Chairman For personal use only 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 financing and developmen
Slide 4: Asset portfolio
Asset portfolio Focused suite of Australian copper and gold prospects For personal use only • Moonta (SA) – dominant position in the copper- gold field that was so crucial to the Rover fledgling SA economy Gold/Copper Drummond • Drummond (QLD) Gold – classic epithermal gold target in near Northern T
Slide 5: Moonta copper gold
Moonta copper gold 100% owned 819 sq km tenement1 within For personal use only highly mineralised Moonta-Wallaroo district on South Australia’s Yorke Peninsula • In the Olympic Copper Gold Province - host to 75% of Australia’s copper resources • We own the famous Copper Triangle - historic productio
Slide 6: Moonta – typical terrain and cover
Moonta – typical terrain and cover Ubiquitous but thin sediment cover has hidden deposits from previous explorers For personal use only in region, leaving significant opportunities for Adelaide Resources Poona Pit (decommissioned copper mine Typical exploration terrain within project area) – sedimen
Slide 7: Moonta - Alford West discovery
Moonta - Alford West discovery For personal use only Results from our recent drill campaigns include 15m at 2.89% Cu 20m at 4.20% Cu 20m at 1.76% Cu 11m at 2.33% Cu and 0.68g/t Au 18m at 2.22% Cu 16m at 2.38% Cu 45m at 1.56% Cu and 1.83g/t Au 15m at 1.04% Cu 14m at 2.60% Cu and 0.70g/t Au 12m at 0.4
Slide 8: Alford West – have we drilled deep enough?
Alford West – have we drilled deep enough? For personal use only Impressive results so far are from shallow holes. Historic plans show steeply plunging shoot morphologies are common in the district. Significant potential exists to substantially grow our discoveries to depth. Scaled long projection o
Slide 9: Alford West – current status of a recent near surface discovery
Alford West – current status of a recent near surface discovery Substantial progress during 2014 - with further drilling to follow in 2015 For personal use only Alford West summary plan 9
Slide 10: Alford West – Larwood Zone lodes
Alford West – Larwood Zone lodes Drill section 753,780mE For personal use only Mo mineralisation
Slide 11: Alford West – Bruce Zone lode
Alford West – Bruce Zone lode Drill section 752,770mE For personal use only Mo mineralisation 11
Slide 12: Alford West – interpreted plan of Larwood and Bruce Zones
Alford West – interpreted plan of Larwood and Bruce Zones Strike extent of all lodes approximately 1.5 - 2 kilometres in total. For personal use only 7 4,0 7 4,0
Slide 13: Alford West – long projection (Bruce Zone North Lode)
Alford West – long projection (Bruce Zone North Lode) Deepest existing holes intersect lode about 100 metres below surface. For personal use only Lode open at depth over significant strike length. Bruce Zone - North Lode long projection
Slide 14: Alford West – long projection (Bruce Zone South Lode)
Alford West – long projection (Bruce Zone South Lode) Deepest existing holes intersect lode about 140 metres below surface. For personal use only Lode open in east and at depth. Significant gold present (where assayed). Bruce Zone - South Lode long projection
Slide 15: Drummond epithermal gold
Drummond epithermal gold Classic epithermal gold target defined For personal use only • 100% owned, 270 km2 project • Maximum rock chip of 55.4g/t gold • $100,000 co-funding from QLD Govt. • Successful program of FPXRF soil • Epithermal pathfinder elements geochemistry defines gold pathfinder and ve
Slide 16: Epithermal gold model
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)).
Slide 17: South West Limey Dam
South West Limey Dam For personal use only Colloform banded vein assaying 2.75g/t Au (gold zone texture) Conan coming down the hill Bladed carbonate (found above gold zone)
Slide 18: Rover copper gold
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% Cu, 2.14g/t Au - 26m at
Slide 19: Eyre Peninsula gold
Eyre Peninsula gold Exploration recommences following JV agreement For personal use only • Thurlga JV with Investigator Resources ― 333km2 tenement adjacent to Paris silver deposit (Inferred Mineral Resource of 5.9Mt @ 110g/t Ag, 0.6% Pb) • No material gold exploration for 10 years • Adelaide Resour
Slide 20: An innovative explorer – FPXRF geochemistry
An innovative explorer – FPXRF geochemistry Innovative application of FPXRF geochemistry presents a cost-effective and time- For personal use only efficient target generation method FPXRF survey • FPXRF cost/sample is estimated to be about 5% of the cost of collecting and assaying a conventional sur
Slide 21: FPXRF geochemistry – Blue Tongue success
FPXRF geochemistry – Blue Tongue success At Blue Tongue FPXRF geochemistry (top profile) clearly defines For personal use only the underlying copper mineralised zone (cross section at bottom) 21
Slide 22: FPXRF - Tomahawk (Moonta) recently drill tested
FPXRF - Tomahawk (Moonta) recently drill tested Large and coherent copper soil anomaly defined with FPXRF in 2014 For personal use only • First pass aircore drilling completed early 2015. Minor copper carbonates observed in drill chips. Assaying currently in progress.
Slide 23: An innovative explorer - “Gold in Trees” biogeochemistry
An innovative explorer - “Gold in Trees” biogeochemistry Building on Dr. Mel Lintern’s (CSIRO) biogeochemical “gold in trees” research For personal use only • Dr Lintern’s CSIRO team has confirmed that eucalypts growing on top of mineral deposits transport gold from significant depths and precipitat
Slide 24: Successful biogeochemical trial
Successful biogeochemical trial Baggy Green is a gold mineralised system under aeolian sand and depleted saprolite For personal use only • Anomalous gold and silver in eucalyptus leaves observed above known mineralisation Gold in mallee leaves Silver in mallee leaves Red regions are drill defined zo
Slide 25: Future focus and program
Future focus and program Alford West and surrounding prospects to remain the major focus, but there are For personal use only multiple exciting avenues for operational and corporate activity • Recent results at Drummond confirm it as a high quality new project • Metal X’s recent drilling results at
Slide 26: Disclaimer, Competent Person’s statement and JORC statements
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 presentation regarding es
Slide 27: Contact: Chris Drown
For personal use only Contact: Chris Drown 0427 770 653