Admiralty Resources NL · ASX:ADY

Admiralty Resources NL — Investor Presentation (July 2012)

35 slides from Admiralty Resources NL's investor presentation, Jul 13, 2012

  1. Slide 1: Investor Presentation

    ee { nage 2011 Digital Gebe image © 2011 Geo Eye lg! ta ’ Ne | (7 > & ’ a ADMIRALTY RESOURCES NL Fe eelemmnetieel Investor Presentation

  2. Slide 2: Forward Looking Statements

    Slide - 2 - Forward Looking Statements The information in this presentation is published to provide information about Admiralty Resources NL (“Admiralty” or “ADY”) and its subsidiaries. All reasonable effort has been made to provide accurate information, but Admiralty makes no representations or war

  3. Slide 3: Project Location

    Slide - 3 -  6,800 Ha in the Chilean iron belt with internal roads network and no high mountain formations Project Location  46km from the Guacolda and Las Losas ports  7km from the railway line owned by Ferronor S.A. and 3km from the Pan American highway, with direct access  High voltage power

  4. Slide 4: Project Location

    Slide - 4 - Project Location Distance from Vallenar by road Las Losas Port 49 km Guacolda Port 49 km Castilla Port 135 km Punta Caleta Port 200 km Punta Totoralillo Port 300 km Image obtained from Google Earth ©2012. Map is not to scale.

  5. Slide 5: Admiralty's Mineral Tenure

    Admiralty’s Mineral Tenure It covers 6,600 Ha and it is composed of the following groups:  Pampa Tololo (3,455 Ha)  Harper South (2,498 Ha)  Cojin (647 Ha) Maps is not to scale. Image obtained from Google Earth ©2012 .

  6. Slide 6: Strategy and Objectives

    Slide - 6 - Strategy and Objectives STRATEGY: Explore and develop our iron ore projects in Chile. OBJECTIVE: Produce high quality iron from magnetite using dry magnetic separation. In pursuit of this strategy, the Company's immediate objectives are to:  continue structured and focussed exploration

  7. Slide 7: Iron Oxide – Magnetite versus Hematite

    Slide - 7 - Iron Oxide – Magnetite versus Hematite  Iron is the fourth most abundant element on the Earth’s crust*  Hematite and Magnetite are the most important iron minerals  Hematite (Fe2O3) is an iron oxide containing 70% Fe and it is weathered iron, with commercially viable hematite deposits

  8. Slide 8: Magnetite – An Advantage Edge

    Slide - 8 - Magnetite – An Advantage Edge  Magnetite projects are capable of producing high grade concentrates up to 68-69% Fe, which:  have a higher Fe grade than many hematite iron deposits;  have lower impurities; and  attract a price premium on the market.  Hematite iron is globally declini

  9. Slide 9: Project 1 – Harper South District

    Slide - 9 - PROJECT 1 – Harper South District  7 targets confirmed and 2 anomalies identified by high resolution ground magnetic survey  2 sorts of mineralisation found in the district: magnetite style in the east and IOCG (iron oxide, copper & gold) in the west with zones separated by ancient riv

  10. Slide 10: High Resolution Ground Magnetic Surveys

    High Resolution Ground Magnetic Surveys nT scale Highest Lowest nT nT Mariposa ±26780 ±23480 La Chulula Negrita ±26730 ±22558 Soberana/ ±27379 ±22628 Media Soberana La Vaca/ ±25619 ±23601 Mal Pelo Image obtained from from Google Earth ©2012. Note: Map is not to scale. UTM coordinates: 6831200 - 6820

  11. Slide 11: Mariposa High Resolution Ground Magnetic Survey

    Slide - 11 - Mariposa High Resolution Ground Magnetic Survey (Harper South) Mariposa’s magnetic susceptibility at 400m elevation 3D view of the confirmed target Image not to scale.  Lateral dimensions of 300m x 600m;  Depth up to 300m;  Magnetic susceptibility levels higher than 0.9 S.I. units be

  12. Slide 12: La Chulula High Resolution Ground Magnetic Survey

    Slide - 12 - La Chulula High Resolution Ground Magnetic Survey (Harper South) This is Admiralty’s Depth slices of magnetic susceptibility priority target at different elevations Image not to scale. within Harper South. 3D view of the confirmed target  Lateral dimensions of 250m x 900m;  Depths up

  13. Slide 13: Soberana High Resolution Ground Magnetic Survey

    Slide - 13 - Soberana High Resolution Ground Magnetic Survey (Harper South) 3D view of the confirmed targets  Target 1 – Soberana is an east-west elongated body with horizontal dimensions of 350 x 100 m, located near the surface, with depths up to 150m and exhibiting magnetic susceptibility of over

  14. Slide 14: Negrita High Resolution Ground Magnetic Survey

    Slide - 14 - Negrita High Resolution Ground Magnetic Survey (Harper South)  Unique double magnetic field with susceptibilities 3D view of the confirmed target values between 0.22 and 0.55 S.I. units resulting in a dumbbell shape target  Upper area – an oval shape, running from the northwest to the

  15. Slide 15: La Vaca & Mal Pelo High Resolution Ground Magnetic Survey

    Slide - 15 - La Vaca & Mal Pelo High Resolution Ground Magnetic Survey (Harper South) This is the most important target in relation to size. 3D view of the confirmed  Located on the west side of the Harper South District targets and anomalies  Different sort of mineralisation: IOCG vs magnetite st

  16. Slide 16: Harper South: Drilling and our path into production

    Harper South: Drilling and our path into production

  17. Slide 17: Mariposa Mine Plan Objectives

    Slide - 17 - Mariposa Mine Plan Objectives Get mine ready for an initial production of 1.2 million tonnes of finished product per annum  CAPEX required: US$20 million  OPEX required: US$10 million*  Life of mine: 20 years minimum  Target production cost per tonne of US$45 per tonne FOB *It assum

  18. Slide 18: Mariposa Mine Plan 3,000m Diamond Drilling Campaign

    Slide - 18 - Mariposa Mine Plan 3,000m Diamond Drilling Campaign Area 12 hectares (120,000 m2), about 200m in the East/West direction and extension: 600m in the North/South direction. Number of holes: 10 drill holes with a depth distribution between 255/320m and HQ diameter (63.5 mm) amounting to a

  19. Slide 19: Mariposa Mine Plan Conceptual Mine Design

    Slide - 19 - Mariposa Mine Plan Conceptual Mine Design Source: Project & Maintenance Engineering S.A. (PME), Chile

  20. Slide 20: Mariposa Mine Plan Conceptual Plant Design

    Slide - 20 - Mariposa Mine Plan Conceptual Plant Design >3 1/2’’ Primary Jaw Secondary Cone 1’’ Crusher Crusher - <1/2’’ >6mm Tertiary Cone Crusher (2) 90TPH <6mm 100% 1 /4’’ 62-64 %Fe fines Bin 20m^3 1200 Quaternary Roller <3mm Waste Gauss Press Crusher >3mm Source: Redco Mining Engineers (Chile)

  21. Slide 21: Soberana – Early Production Mine Plan

    Slide - 21 - Soberana – Early Production Mine Plan  Artisanally mined in the 1960s  Exposed magnetite in parallel veins of 7-10m in length and 15-17m high  Redco commissioned to undertake an early mine production study commissioned in March 2012  Mine plan concept: − 1 day blasting per month − M

  22. Slide 22: Soberana – Early Production Mine Plan

    Slide - 22 - Soberana – Early Production Mine Plan Tasks performed:  Obtained preliminary quotes from 6 mining Topography contractors to sustain financially viable operations and lithology  Contact has been made with equipment suppliers High studies Mechanical, from Chile, Argentina & China resolu

  23. Slide 23: La Chulula

    Slide - 23 - La Chulula  Test drill hole of 600 metres deep completed in February 2012  Visual estimation of results confirm the positive results of the high resolution ground magnetic survey and the numerous visible iron outcrops visible in the field  A preliminary report states three sorts of m

  24. Slide 24: La Chulula RC drilling programme

    Slide - 24 - La Chulula RC drilling programme Drilling programme factsheet  Date of execution: 6 June – 10 July 2012  Number of metres drilled: 2,468  Number of holes: 10 holes of 250-300m each  Maximum depth per drill hole: 350m  Diameter of drill holes: 5 3/4" and 5 3/8“  Inclination of dril

  25. Slide 25: Project 2 – Pampa Tololo

    Slide - 25 - PROJECT 2 – Pampa Tololo Image obtained from from Google Earth ©2012. Map is not to scale.

  26. Slide 26: Pampa Tololo location

    Slide – 25- - Located 40 km north of Vallenar and it covers 3,455 Ha - At 200 metres from Los Colorados mine, owned by CMP, the main iron ore producer in Chile - 13 anomalies identified 4 within the Atacama - Fault (Chilean iron belt) C in the 1960s United o Nations Survey c h - Chile is the second

  27. Slide 27: Pampa Tololo High Resolution Ground Magnetic Survey

    Slide - 27 - Pampa Tololo High Resolution Ground Magnetic Survey 3D view of the identified targets  Simpson This is the most important target in relation to size/susceptibility. An oblate spheroid shape of 800m in diameter, located at a depth of 200-250m and exhibiting magnetic susceptibility of ab

  28. Slide 28: Pampa Tololo – Deliveries

    Slide - 28 - Pampa Tololo – Deliveries ACTION STATUS 1. High resolution ground COMPLETED BY Quantec magnetic survey Geoscience Ltd 2. Reverse circulation Proposals received drilling programme of approx. 3,150 metres Programme in Simpson for: scheduled to commence • Simpson in June 2012 • Cochrane •

  29. Slide 29: Pampa Tololo RC drilling programme at Simpson

    Slide - 29 - Pampa Tololo RC drilling programme at Simpson Proposed drilling programme factsheet  Date of execution: July 2012  Number of metres to be drilled: 3,150m  Number of holes: 7 holes of 450m each  Maximum depth per drill hole: 500m  Diameter of drill holes: 5 3/4" and 5 3/8“  Inclina

  30. Slide 30: Project 3 – Cojin

    Slide - 30 - PROJECT 3 – Cojin  Three exploitation concessions, covering 647 hectares, 10% of Admiralty’s mineral tenure, in the Huasco valley Iron rocks and outcrops in Cojin (Dec 2011).  Located 8 km from El Algarrobo, iron ore mine owned by CMP  El Algarrobo supplies preconcentrates to CMP’s i

  31. Slide 31: Cojin - High Resolution Ground Magnetic Survey

    Slide - 31 - Cojin - High Resolution Ground Magnetic Survey  5 targets exhibiting susceptibility values of up to 0.90 S.I. units and depths up to 750m as indicated in the tablebelow. C1 C2 C3 C4 C5 Most important targets due to size/susceptibility Traceable at greater depths May be aligned and repr

  32. Slide 32: Summary - Exploration Pipeline

    Slide - 32 - Summary - Exploration Pipeline ALLOCATED PROJECT TASK COMPLETION BUDGET Harper South - Completed: February 2012 3,000 m diamond drilling campaign $900,000 Mariposa Results expected August 2012 Harper South - Underway. Mine engineering plan $600,000 Mariposa Completion: 3rd Quarter 2012

  33. Slide 33: Mariposa – Mineral Resources

    Slide - 33 - Mariposa – Mineral Resources  It currently has a JORC compliant mineral resources statement of 168 million tonnes at a cut-off grade of 10% Fe  It is expected the results of the diamond drilling programme undertaken in November 2011- February 2012 will result in an increased of resour

  34. Slide 34: Corporate Directory

    Slide - 34 - Corporate Directory BOARD OF DIRECTORS CONTACT Professor J. Ross Harper, Chairman Level 16, 379 Collins Street, Stephen C. Prior, Managing Director Melbourne VIC 3000, Australia Michael S. Perry, Non-executive Director Dr Shaoqing Li, Non-executive Director Tel: +61 3 9620 7144 Email: i

  35. Slide 35: Thank you for your attention

    LOE gy < Thank you for your attention »

Admiralty Resources NL — Investor Presentation (July 2012) on 6ix