Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Investor Presentation (March 2019)
41 slides from Admiralty Resources NL's investor presentation, March 2019
Slide 1: Admiralty Resources NL Company Presentation
Admiralty Resources NL Company Presentation March 2019
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
Slide 3: Admiralty's Strategy
Admiralty’s Strategy ‘BS ADMIRALTY RESOURCES
Slide 4: Strategy and Objectives
Slide - 4 - Strategy and Objectives STRATEGY: Explore and develop our iron ore projects in Chile. OBJECTIVE: Produce high quality iron from magnetite using dry and wet magnetic separation. In pursuit of this strategy, the Company's immediate objectives are to: Gain access to infrastructure enablin
Slide 5: Strategy and Objectives
Slide - 5 - Strategy and Objectives STRATEGY: Explore and develop our iron ore projects in Chile. OBJECTIVE: Produce high quality iron from magnetite using dry and wet magnetic separation. The medium to long term objectives of the Company are to: pursue the discovery of economic mineralisation;
Slide 6: Projects Summary
Projects Summary ‘BS ADMIRALTY RESOURCES
Slide 7: Chile
Chile ‘BS ADMIRALTY RESOURCES
Slide 8: Project Locations
Slide - 8 - 6,800 Ha in the Chilean iron belt with internal roads network and no high mountain formations Project Locations 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
Slide 9: Project Locations: Satellite Image
Slide - 9 - Project Locations: Satellite Image Image obtained from Google Earth ©2012. Map is not to scale.
Slide 10: Port Locations
Slide - 10 - Port Locations Distance from Vallenar by road Las Losas Port 49 km Guacolda Port 49 km Castilla Port 135 km Punta Caleta Port 265 km Punta Totoralillo Port 280 km Image obtained from Google Earth ©2012. Map is not to scale.
Slide 11: Project 1 – Harper South District
Slide - 11 - 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 ri
Slide 12: Magnetic Susceptibility Map – Harper South
Slide - 12 - Magnetic Susceptibility Map – Harper South Magnetic susceptibility in Harper South. Source: High resolution ground magnetic survey (August 2011).
Slide 13: Mariposa (Harper South)
Slide - 13 - Mariposa (Harper South) In January 2013 Admiralty announced its latest Mineral Resource Statement for Mariposa which quantifies the resources at Mariposa at 174.5 Mt at 24.5% Fe for a 15% Fe cut-off in the measured, indicated and inferred categories in the table below. The Mariposa reso
Slide 14: DIA Approval Process for Mariposa
Slide - 14 - DIA Approval Process for Mariposa • 11th April 2018, ADY is pleased to announce that it has received unanimous approval of the DIA for the Mariposa Project by the Chilean authorities. This is a significant achievement for ADY and step forward in commercial exploitation of the Mariposa P
Slide 15: Mariposa – PFS (Harper South)
Slide - 15 - Mariposa – PFS (Harper South) • Admiralty engaged China Anhui Ma Steel Engineering & Technology Co., Ltd. Updated the PFS in September 2018 • Resource of 66.6Mt at an average of 35.6% total iron (FeT) using a cut-off grade of 25% FeT. • 17-year Life of Mine (LOM) estimated based on curr
Slide 16: Mariposa – PFS (Harper South)
Slide - 16 - Mariposa – PFS (Harper South) • To cover more possibilities, the project has different options of loading ports in Huasco and Copiapó. • The facilities and productivity areas are located in third region close to Vallenar. 16
Slide 17: Mariposa – PFS (Harper South)
Slide - 17 - Mariposa – PFS (Harper South) • 17.068% post-tax internal rate of return (IRR), a 7-year payback, $30 million USD capital investment (working and initial capital) • Refer ASX announcement 9th October 2015 17
Slide 18: Co-operation with China Nuclear Industry 22nd Construction Co. LTD.
Slide - 18 - Co-operation with China Nuclear Industry 22nd Construction Co. LTD. • On 28 November 2014 the Board of Admiralty Resources NL were pleased to announce that state owned China Nuclear Industry 22nd Construction Co. LTD (“CNI22”) has signed a joint letter of intent indicating that they wou
Slide 19: CNI22 (Continued)
Slide - 19 - CNI22 (Continued) The cooperation model will be subject to the following terms; -ADY is responsible for the confirmation of the deposits and reserves contained on the areas of interest and for obtaining any Chilean permits required to transition the sites from exploration to production.
Slide 20: CNI22 (Continued)
Slide - 20 - CNI22 (Continued) -ADY can use its mines, resources and licenses (after valuation) as contributed capital to an eventual Joint Venture and can contribute mines separately to the venture (after valuation has been completed); -CNI22 can use funds provided in accordance with the letter of
Slide 21: CNI22 (Continued)
Slide - 21 - CNI22 (Continued) CNI22 has signed a Cooperation Agreement to further advance and define the terms of the previously signed joint letter of intent (as announced 28 November 2014). As currently envisaged the Cooperation Agreement proposes a project debt funding facility to be provided by
Slide 22: La Chulula (Harper South)
Slide - 22 - La Chulula (Harper South) In April 2015 Admiralty announced a maiden Mineral Resource Statement for La Chulula, one of the 6 targets of its Harper South District, Chile. The Mineral Resource Estimate quantifies the resources at La Chulula at 96 Mt at 24% Fe for a 15% Fe cut-off in the i
Slide 23: La Chulula High Resolution Ground Magnetic Survey
Slide - 23 - La Chulula High Resolution Ground Magnetic Survey (Harper South) This is a priority Depth slices of magnetic susceptibility target within Harper at different elevations Image not to scale. South. 3D view of the confirmed target Lateral dimensions of 250m x 900m; Depths up to 600m;
Slide 24: La Chulula Drilling Campaign and Modelling
Slide - 24 - La Chulula Drilling Campaign and Modelling (Harper South) Delineation of the La Chulula magnetic susceptibility image with the location of all drill holes sunk to date (left). Iron Outcrops at La Chulula (below).
Slide 25: Soberana High Resolution Ground Magnetic Survey
Slide - 25 - Soberana High Resolution Ground Magnetic Survey (Harper South) • The high-resolution ground magnetic survey was performed by Quantec Geoscience Chile Ltda. Its interpretation confirmed the presence of two targets susceptible to contain significant iron mineralisation. These two anomalie
Slide 26: Soberana – further exploration (Harper South)
Slide - 26 - Soberana – further exploration (Harper South) • A reverse circulation drilling programme at Soberana in July 2012 consisted of a total of 684m distributed in 9 drill-holes. • A pilot production of finished product was made in July 2012 – see image at right. • A maiden resource estimatio
Slide 27: Soberana – Lease agreement with Rocterra Limitade
Slide - 27 - Soberana – Lease agreement with Rocterra Limitade (Harper South) The company is pleased to report that a contract mining lease has benn signed and a deposit paid and can now identify the counter party as Rocterra Limitada, a local Chilean mining company. Rocterra have since provided
Slide 28: Negrita High Resolution Ground Magnetic Survey
Slide - 28 - 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
Slide 29: La Vaca & Mal Pelo High Resolution Ground Magnetic Survey
Slide - 29 - 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
Slide 30: Admiralty has the iron: How much thus far?
Slide - 30 - Admiralty has the iron: How much thus far? JORC-compliant Mineral Resources at a cut-off grade of 15% Fe The table below shows the Total JORC-compliant Mineral Resources of 3 of the 6 iron targets in the Harper South District, one of 3 project areas Admiralty has under its control in Ch
Slide 31: Project 2 – Pampa Tololo District
Slide - 31 - PROJECT 2 – Pampa Tololo District 3 targets confirmed by high resolution ground magnetic survey Simpson – ORE BODY CONFIRMED An oblate spheroid shape of 800m in diameter, located at a depth of 200-250m and exhibiting magnetic susceptibility of about 0.5 S.I. units. A drilling campai
Slide 32: Magnetic Susceptibility Map – Pampa Tololo
Slide - 32 - Magnetic Susceptibility Map – Pampa Tololo Magnetic susceptibility in Pampa Tololo Source: High resolution ground magnetic survey (August 2011).
Slide 33: Simpson – exploration so far (Pampa Tololo district)
Slide - 33 - Simpson – exploration so far (Pampa Tololo district) Advancing target: Simpson: − Dimensions of 800m in diameter, starting at a depth of 250m, according to high resolution ground magnetic survey. − Maiden drilling 3,253m RC drilling campaign conducted in July/August 2012. − Results co
Slide 34: Project – El Cojin District
Slide - 34 - PROJECT 3 – El Cojin District Three exploitation concessions, covering 647 Iron rocks and solitary Grussonii in Cojin (Dec 2011). hectares, 10% of Admiralty’s mineral tenure Located 15 km from El Algarrobo, iron ore mine owned by CMP1 El Cojin’s surface mineralisation shows as a c
Slide 35: Magnetic Susceptibility Map – El Cojin
Slide - 35 - Magnetic Susceptibility Map – El Cojin Magnetic susceptibility in Cojin. Source: High resolution ground magnetic survey (March 2012).
Slide 36: Co-operation with Anhui Geological Mining Investment Group Co.Ltd
Slide - 36 - Co-operation with Anhui Geological Mining Investment Group Co.Ltd • Anhui Geological is a highly ranked geological prospecting company based in China with leading class qualifications. Their consultants are highly qualified individuals who have worked overseas in geological prospecting
Slide 37: Pyke Hill Project – Western Australia
Slide - 37 - Pyke Hill Project – Western Australia Admiralty owns a 50% interest in Mining Lease M39/159. The remaining 50% interest is now held by an unrelated third party. The right to extract the Nickel and Cobalt from Mining Lease M39/159 has been given to Cougar Metals NL (ASX:CGM) Coug
Slide 38: Pyke Hill – Location Map
Slide - 38 - Pyke Hill – Location Map Extract from Cougar Metals NL 2007 Annual Report
Slide 39: Corporate Directory
Slide - 39 - Corporate Directory BOARD OF DIRECTORS CONTACT Suite 305, Level 3 Bin Li Chairman 35 Lime Street, Qing Zhong (Susan) Managing Director Sydney, NSW 2000, Australia Jian Barclay Executive Director Jarrod White Company Secretary Tel: 1300 239 239 Email: investors@ady.com.au Website: www.ad
Slide 40: Thank you for your attention
Thank you for your attention. We would be pleased to address any questions
Slide 41: The Board of Admiralty Resources NL thanks you for your support
The Board of Admiralty Resources NL thanks you for your support.
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