Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (November 2009)
26 slides from Andromeda Metals's investor presentation, Nov 25, 2009
Slide 1: Company Update – November 2009
For personal use only Company Update – November 2009 Adelaide Adelaide Resources Resources Limited Limited Chris Drown Slide 1
Slide 2: Disclaimer and Competent Person’s Statement
Disclaimer and Competent Person’s Statement For personal use only The The information information inin this this presentation presentation isis published published toto inform inform you you about about Adelaide Adelaide Resources Resources Limited Limited and its activities. Some statements in this
Slide 3: 12 Months Summary
12 Months Summary For personal use only • Gold-copper focused explorer • 2009 exploration effort rewarded with significant intersections at the 100% owned Rover Project in Northern Territory • Solid cash position of ~$10 million allowing significantly increased effort at Rover in late 2009 and 2010
Slide 4: Project locations and 2009 action
Project locations and 2009 action For personal use only THE MAIN GAME New New project project Seeking Seeking JV JV Recent Recent drilling drilling Field Field work work New New JV JV Drilling Drilling planned planned Slide 4
Slide 5: Tennant Creek Goldfield
Tennant Creek Goldfield For personal use only Gold first mined early 1930’s. Production to date 5.5 Moz gold 487,000 T copper Ironstone Hosted Ironstone Outcrop - Warrego Road Slide 5
Slide 6: Why Tennant Creek / Rover?
Why Tennant Creek / Rover? For personal use only Past Tennant Creek mines – often exceptional gold grades Mine Tonnes Au (g/t) Au (oz) Cu (t) Warrego 6,750,000 6.6 1,475,000 178,000 Nobles Nob 1,996,000 17.3 1,110,000 — Juno 452,000 56.1 815,000 1,000 White Devil 1,618,000 14.6 761,000 — Peko 3,676,
Slide 7: Rover Project
For personal use only Rover Project Slide 7
Slide 8: Acquisition terms
Acquisition terms For personal use only Project acquired from Newmont in 2005 • Acquired 100% ownership of 3 tenements - 287 sq. km. • Commitment to spend $400,000 on exploration in 18 months (satisfied Dec 05) • Either a royalty or a buy back right • NSR royalty of 1.5% to 2.5% (on-sold to Franco-N
Slide 9: Anatomy of a typical Tennant Creek deposit - Juno
Anatomy of a typical Tennant Creek deposit - Juno For personal use only Peko’s dolomite - talc - magnetite “Company Maker” Depth 200 – massive magnetite - chlorite - gold 452,000 T @ 56.1g/t Au 250 – 815,000oz magnetite - chlorite stringer Max. ore dimensions 300 – Strike: 70m chlorite alteration pi
Slide 10: ADN controls most of the confirmed Rover Field
ADN controls most of the confirmed Rover Field For personal use only WGR: >13,800 sq km ADN: 287 sq km Currently confirmed extent of Rover Field Slide 10
Slide 11: Rover Project – A field not a prospect
Rover Project – A field not a prospect For personal use only 2008 2008 helimag helimag survey survey image image R4 R1 2009 Gravity survey Tennant Tennant Creek Creek style style ironstone ironstone 2009 2009 drill drill program program targets targets Untested Untested exploration exploration targe
Slide 12: Rover prospect – Exciting new results
Rover 4 prospect – Exciting new results For personal use only 46m @ 1.24% Cu (10m @ 2.31% Cu) 48m @ 0.58g/t Au 9m @ 1.57% Cu, 1.09g/t Au 4m @ 3.55g/t Au 4m @ 2.30g/t Au 15m @ 2.07% Cu 25m @ 1.05% Cu (9m @ 1.66% Cu) 54m @ 0.34% Cu 6m @ 1.1% Cu 2m @ 20.0g/t Au Slide 12
Slide 13: Rover prospect
Rover 4 prospect For personal use only Cross section showing recently drilled holes Slide 13
Slide 14: Rover prospect – R4ARD21 drill core
Rover 4 prospect – R4ARD21 drill core For personal use only Chalcopyrite Chalcopyrite (copper (copper sulphide) sulphide) Magnetite Magnetite Slide 14
Slide 15: Rover Prospect
Rover 1 Prospect For personal use only Slide 15
Slide 16: Rover R1ARD30 intersects significant copper
Rover 1 For personal use only R1ARD30 intersects Significant copper in vertically extensive Magnetite-haematite Ironstone. First batch of samples ready to be dispatched for assay. Slide 16
Slide 17: R1ARD30 - Rover
R1ARD30 - Rover 1 For personal use only Slide 17
Slide 18: Rover Summary
Rover Summary For personal use only • One of Australia’s best gold-copper exploration destinations • Prospective for bonanza grade gold deposits • Exciting recent results at Rover 4 and Rover 1 • Confirmed Rover 1 extends into ADN EL • Follow-up drilling underway • Aggressive forward program planned
Slide 19: Other Projects
Other Projects For personal use only THE MAIN GAME New New project project Seeking Seeking JV JV Recent Recent drilling drilling Field Field work work New New JV JV Drilling Drilling planned planned Slide 19
Slide 20: Moonta - South Aussie copper-gold exploration hotspot
Moonta - South Aussie copper-gold exploration hotspot For personal use only ADN tenement >800 sq km ADN Captures historic Tenement “Copper Triangle” copper-gold mining district Searching for gold-rich copper-gold deposits Rex Minerals Tenements Region is delivering exciting exploration results 20km
Slide 21: Moonta - Gold-copper anomalies
Moonta - Gold-copper anomalies For personal use only Slide 21
Slide 22: Comparison with the neighbours
Comparison with the neighbours For personal use only Price Market Pro-forma cash and Implied Issued shares value of Company (COB Capitalisation other liquids incl. (diluted for ITM Tenements 19.11.09) (million) options - million options) - million (million) ADN 111.2 $0.28 $31.1 ~$10.4 $20.7 RXM 115
Slide 23: Summary
Summary For personal use only • Adelaide Resources has a clear focus on gold and copper - uranium an important secondary target • Exploration results from Rover highly encouraging warranting an aggressive exploration effort in 2010 • Pipeline of other excellent exploration properties • Financial cap
Slide 24: The People
The People For personal use only Board members left to right: John den Dryver – Mining Engineer Director, 30+ years experience Keith Yates – Geologist Director, 40+ years experience Chris Drown – Geologist Managing Director, 20+ years experience John Horan – Accountant Director, 40+ years experience
Slide 25: Corporate Statistics
Corporate Statistics For personal use only • Listed on ASX in 1996 (ADN) • Shares issued 111.2 million • Unlisted Options 4.0 million • Cash ~$10.1 million • Shareholders 2465 • Top 20 hold 30.6% • Major holders Tidewater 10.7% K Yates 5.2% • 12 month trading 4 to 37 cents • Market cap $31.1M (28 ce
Slide 26: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! Slide 26
Adelaide Resources — Investor Presentation (November 2009) on 6ix