Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (February 2012)
45 slides from Andromeda Metals's investor presentation, Feb 6, 2012
Slide 1: Presented by Chris Drown, Managing Director
For personal use only Presented Presented by by Chris Chris Drown, Drown, Managing Managing Director Director “Creating wealth through discovery”
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer Disclaimer and and Competent Competent Person’s Person’s Statement Statement For personal use only The The information information in in this this presentation presentation is is published published to to inform inform you you about about Adelaide Adelaide Resources Resources Limited Limi
Slide 3: Corporate statistics
Corporate statistics For personal use only • Listed Listed on on ASX ASX in in 1996 1996 (ADN) (ADN) • Shares Shares issued issued 145 million million • Unlisted Unlisted securities securities 2.9 million million • Cash Cash ~$5 ~$5 million million • Shareholders Shareholders 2250 2250 • Top Top 20
Slide 4: The Board and Senior Management
The Board Senior Management For personal use only Andrew Andrew Brown Brown –– Fund Fund Manager Manager Nick Nick Harding Harding –– Accountant Accountant Non-executive Non-executive Chairman Chairman Company Company Secretary/CFO Secretary/CFO 30+ 30+ years years experience experience 25+ 25+ year
Slide 5: Our Business
Our Business For personal use only • South Australian based gold-copper-(uranium) explorer. • Projects in SA, NT and QLD in terrains with pedigrees of delivering “company maker” discoveries . • Aggressive drilling at the 100% owned Rover Gold Copper Project in NT has achieved excellent results. • Ac
Slide 6: ADN has a serious go for its shareholders
ADN has a serious go for its shareholders For personal use only ADN annual exploration and administration spend 5000 4500 Exploration funding 4000 Joint Venture Adelaide Resources 3500 Administration 3000 $ ‘000s 2500 2000 1500 1000 500 0 / 98 /99 /00 1 02 3 6 / 08 9 /10 /11 /04 5 7 /0 /0 /0 /0 /0 /
Slide 7: ADN share price – 12 month summary
For personal use only Cents per share 31 0 5 10 15 20 25 /01 /20 11 28 /02 /20 11 28 /03 /20 11 25 /04 /20 11 23 /05 /20 11 20 /06 /20 11 18 /07 /20 11 15 /08 /20 11 12 /09 /20 ADN share price – 12 month summary 11 10 /10 /20 11 7/1 1/2 01 1 5/1 2/2 01 1 2/0 1/2 01 2 30 /01 /20 12 #7
Slide 8: Project locations
Project locations For personal use only ROVER Gold/Copper DRUMMOND Gold Northern Territory Queensland EYRE PENINSULA South ANABAMA Australia Gold/Uranium/Copper Copper/Gold CORROBINNIE Uranium MOONTA Victoria YALANDA Copper/Gold Gold/Uranium #8
Slide 9: Rover Project – location
Rover Project – location For personal use only #9
Slide 10: Tennant Creek Mineral Field
Tennant Creek Mineral Field For personal use only Gold first mined early 1930’s. Production to date: 5.5 Moz gold 487,000 T copper Ironstone hosted deposits. Ironstone Ironstone outcrop outcrop –– Warrego Warrego road road #10
Slide 11: Tennant Creek Major Producers
Tennant Creek Major Producers For personal use only Mine Tonnes Au g/t Au oz Cu % Cu tonnes Warrego 6,750,000 6.6 1,475,000 1.9 178,000 Nobles Nob 1,996,000 17.3 1,110,000 – – Juno 452,000 56.1 815,000 0.3 1,000 White Devil 1,618,000 14.6 761,000 – – Peko 3,676,000 3.5 414,000 4.0 147,000 Gecko 2,93
Slide 12: Anatomy of a Tennant Creek Deposit – Juno section
Anatomy of a Tennant Creek Deposit – Juno section For personal use only dolomite - talc - magnetite Depth 200 – 452,000 452,000 tonnes tonnes @ @ 56.1 56.1 g/t g/t Au Au massive magnetite (815,000 (815,000 oz) oz) - chlorite - gold 250 – Max. Max. ore ore dimensions dimensions Strike: Strike: 70m 70
Slide 13: Rover – a camp of deposits?
Rover – a camp of deposits? For personal use only R12 R4 R11E R1 Magnetic Magnetic image image Tennant Tennant Creek Creek style style ironstone ironstone Exploration Exploration target target #13
Slide 14: Rover Prospect Plan
Rover 1 Prospect Plan For personal use only Section #14
Slide 15: Rover – Section
For personal use only Rover 1 – Section #15
Slide 16: Rover Prospect – Significant Intersections (ADN ground only)
Rover 1 Prospect – Significant Intersections (ADN ground only) For personal use only Assays Assays based based on on 11 metre metre cut cut half half core core samples samples of of oriented oriented HQ HQ and and NQ2 NQ2 core. core. Core Core recovery recovery for for reported reported intervals in
Slide 17: Drillhole R1ARD35 – high grade drill core
Drillhole R1ARD35 – high grade drill core For personal use only #17
Slide 18: Rover Prospect Plan
Rover 4 Prospect Plan For personal use only Section #18
Slide 19: Rover Prospect – Western Zone (Section)
Rover 4 Prospect – Western Zone (Section) For personal use only #19
Slide 20: Rover Prospect – Significant Intersections
Rover 4 Prospect – Significant Intersections For personal use only Assays Assays based based onon 11 metre metre cut cut half half core samples of oriented NQ2 core. Core recovery for reported intervals is very high. Cu determined by mixed mixed acid digest followed by ICP-OES, acid digest followed
Slide 21: Earlier Stage Targets – Rover
Earlier Stage Targets – Rover 12 For personal use only Section #21
Slide 22: Rover Section
Rover 12 Section For personal use only R12ARD59-2 copper mineralisation – currently being assayed #22
Slide 23: Earlier Stage Targets – Rover East
Earlier Stage Targets – Rover 11 East For personal use only R11ARD65 intersects host body – assays to come R11ARD65 Rover Rover 11 11 East East 2011 2011 gravity gravity image image #23
Slide 24: Rover Project Summary
Rover Project Summary For personal use only • Significant zones of high grade gold and copper mineralisation confirmed in ADN’s part of the Rover 1 deposit. • Two main zones of copper and gold mineralisation discovered at the Rover 4 prospect. • Promising recent indications from exploration at earli
Slide 25: Rover/Tennant Creek Fields – The Bigger Picture
For personal use only Rover/Tennant Creek Fields The Bigger Picture #25
Slide 26: ADN controls most of the confirmed Rover Field
ADN controls most of the confirmed Rover Field For personal use only Confirmed ironstone Currently WGR confirmed TNG/WDR extent of ADN Rover Field Tennant Tennant Creek Creek SStu tuaartrt HHig ighhw waayy 40 KM #26
Slide 27: How Rover has developed for Westgold Resources
How Rover has developed for Westgold Resources For personal use only • Commenced drilling at Rover 1 in March 2008. • Maiden Resource of 5.3Mt at 6.1g/t AuEq for 1.03 Moz AuEq announced for Rover 1 on 23 February 2010. Increased to 1.22 Moz AuEq in July 2011. • Positive Scoping Study based on the ma
Slide 28: WGR envisage a decline development at Rover
WGR envisage a decline development at Rover 1 For personal use only ADN’s Rover 1 mineralisation (relatively shallow metal) Source: Westgold Resources ASX release 7 December 2011 “Mines and Money 2011 London Presentation”. #28
Slide 29: What does all this mean for ADN?
What does all this mean for ADN? For personal use only • ADN’s commanding Rover Field ground position means a company making discovery is possible at any other of its numerous targets. • At Rover 1, ADN has discovered high grade metal adjacent to WGR’s 1.2 Moz AuEq resource. ADN’s metal is relativel
Slide 30: Just up the track at Tennant Creek
Just up the track at Tennant Creek For personal use only • Emmerson Resources (ERM) – re-rated following late 2011 discovery NW of Tennant Creek. Owns the Warrego mill. • Truscott Mining (TRM) – exciting results in 2010 and initial resource of 91,700 oz gold resource announced. • Excalibur Mining (E
Slide 31: Moonta Project
Moonta Project For personal use only ADN tenement 819 sq km ADN Tenement Captures historic “Copper Triangle” copper-gold mining district Region is delivering exciting Rex Minerals Tenements exploration results. 20km #31
Slide 32: Moonta Project location
Moonta Project location For personal use only #32
Slide 33: Willamulka Prospect
Willamulka Prospect For personal use only Mineralisation (Cu, Au) intersected on all drill traverses testing 1200m strike. Shoot A – zone of thicker, higher grade mineralisation with strike length of 550m. Section 1 2012 drilling programs Section 2 currently underway. Section #33
Slide 34: Willamulka Prospect Section
Willamulka Prospect Section For personal use only #34
Slide 35: Willamulka Prospect – Significant Intersections
Willamulka Prospect – Significant Intersections For personal use only Au Au determined determined byby nominal nominal 30gn 30gn fire fire assay assay with with ICP-AES ICP-AES finish finish -- check check samples samples determined determined byby fire fire assay assay with with AA AA finish. finis
Slide 36: Willamulka Leapfrog image
Willamulka Leapfrog image For personal use only #36
Slide 37: Willamulka at same scale as Hillside Prospect
Willamulka at same scale as Hillside Prospect For personal use only Hillside Mineral Resource 217Mt @ 0.7% Cu, 0.2g/t Au Inferred Inferred Resource Resource Boundary Boundary Source: Source: Rex Rex Minerals Minerals ASX ASX Release Release 27 27 July July 2011 2011 #37
Slide 38: Moonta Project – Copper geochemistry image
Moonta Project – Copper geochemistry image For personal use only #38
Slide 39: Moonta Project Summary
Moonta Project Summary For personal use only • Large tenement located in World Class Olympic Copper-Gold IOCG Province. • Shallow low-moderate grade discovery at Willamulka. • Pipeline of additional high quality targets. • Two drilling rigs currently operating. #39
Slide 40: Corrobinnie Palaeochannel Uranium Joint Venture
Corrobinnie Palaeochannel Uranium Joint Venture For personal use only Adelaide Resources’ strategy is to fund PDA098 uranium search through joint venture. ADN equity in the CUJV is currently 32.5%. If ADN’s equity falls to 25% it is free carried to Decision to Mine. #40
Slide 41: Narlaby Palaeochannel drill traverses
Narlaby Palaeochannel drill traverses For personal use only PDA098 Narlaby drillhole PDA098 #41
Slide 42: Eyre Peninsula Basement Gold Project - SA
Eyre Peninsula Basement Gold Project - SA For personal use only Geochemical gold anomaly BAGGY GREEN BARNS 8m @ 4.79g/t Au 24m @ 2.19g/t Au 24m @ 2.33g/t Au WUD2 CENTRAL 12m @ 3.38g/t Au 1m @ 37.8g/t Au 2m @ 67.6g.t Au WHITE TANK 17m @ 3.47g/t Au 7m @ 10.0g/t Au 30 KM #42
Slide 43: New project – Glenroy QLD
New project – Glenroy QLD For personal use only #43
Slide 44: Value Proposition
Value Proposition For personal use only • The recommencement of Cu-Au mining in the resurgent Tennant Creek/Rover district is a case of “when” not “if”. ADN’s Rover Project makes it a key player in this district. • Controls a strategic ground holding at Moonta in the world class Olympic Copper Gold
Slide 45: Providing shareholders with discovery opportunities!
For personal use only Providing shareholders with discovery opportunities!
Adelaide Resources — Investor Presentation (February 2012) on 6ix