Admiralty Resources NL · ASX:ADY

Admiralty Resources NL — Investor Presentation (January 2006)

26 slides from Admiralty Resources NL's investor presentation, January 2006

  1. Slide 1: Admiralty Resources NL Presentation

    Admiralty Resources NL PRESENTATION January 2006

  2. Slide 2: Company Overview

    Company Overview Public Company listed on the Australian Stock Exchange ASX:ADY OTCBB:ARYRY Diversified mineral interests in Australia, Chile and Argentina 547 million shares on issue 110 million unlisted options at 10 cents exercise price 2005 - 65 million options exercised – raised A$6.5 million (

  3. Slide 3: Project Overview

    Project Overview AD’ Resour Rinc Greater A Gold “@> pDMIRALTY RESOURCES

  4. Slide 4: Key Personnel

    Key Personnel Board of Directors Prof. J Ross Harper CBE – Chairman, Scottish Coal, legal background, London John Anderson – Director, banking, legal, management – residing in Melbourne Phillip Thomas – Managing Director, geology, investment, marketing – located Sydney/Melbourne Technical Dr Carlos

  5. Slide 5: Resume

    Resume Phillip Thomas B.Sc (Geol) M.Bus Mkting SIA AIG - Appointed non-executive director April 2003, CEO & Chairman Aug 2004, MD Feb 2005. - Joined the Admiralty board at request of major shareholders - Experience in geostatistics (drill hole analysis), mine engineering simulation, geophysics and p

  6. Slide 6: Cia Minera Santa Barbara Iron Ore Project

    Cia Minera Santa Barbara Iron Ore Project ƒ Equity share - 50% interest in the Cia Minera Santa Barbara iron ore mines on production (July 2006) ƒ Acquisition Cost was US$8.5m, A$1.5m shares, USD$10m working capital, priority repayment ƒ Resource - 10 mines, proven resource of 32.75 million tonnes o

  7. Slide 7: Profitability – Santa Barbara

    Profitability – Santa Barbara ƒ Revenue ƒ 1.5 million tonnes FY 2006/7 ƒ 62.8 cents FOB DMTU – 62% Fe = $38.92 per tonne ƒ 150,000 tonnes per month = $5,838,000 per month ƒ Expenses ƒ Interest on ADY $10m loan - $650,000 - $0.50 per tonne ƒ Extraction – Belsaco – $6.50 tonne ƒ Santa Barbara – $4.00

  8. Slide 8: Cia Minera Santa Barbara Iron Ore Project: The Resource

    Cia Minera Santa Barbara Iron Ore Project The Resource ƒ Located in Northern Chile 7 kilometres south-west of Vallenar ƒ 55 kilometres from the commercial port of Huasco Bay, 210 km from Caldera ƒ JORC Proven reserve of 32.75m tonnes at 12.2% avg Fe grade ƒ 7.3 to 4.8 to 1 extraction ratio ƒ The 10

  9. Slide 9: Japonesa Tenement – 32.75 Million tonnes

    Japonesa Tenement – 32.75 Million tonnes 9

  10. Slide 10: Cia Minera Santa Barbara Iron Ore Project

    Cia Minera Santa Barbara Iron Ore Project 10

  11. Slide 11: Geomagnetics – high anomolies

    Geomagnetics – high anomolies 11

  12. Slide 12: Cia Minera Santa Barbara Iron Ore Project

    Cia Minera Santa Barbara Iron Ore Project 32 4.2 00 E 3 22 .6 00 E 3 22 .8 00 E 3 23 .6 00 E 3 23 .8 00 E 3 24 .0 00 E 32 2.200 E 32 2.400 E 32 3.000 E 32 3.200 E 32 3.400 E 3 22 .0 00 E 6.833.000 N 6.833.000 N N 6.832.800 N 6.832.800 N 6.832.600 N 6.832.600 N ÁRE A DE INTE RV ENC IÓN DE L PRO YE C

  13. Slide 13: Japonesa – Besalco Estimate of Equipment Required

    JAPONESA – BESALCO MAQUINARIAS S.A ESTIMATE OF EQUIPMENT REQUIRED MINE LA JAPONESA MATERIALS MOVEMENT SERVICE PLANT MINERAL TRANSPORTATION SERVICE TO CALDERA Equipment tendered: 13 TRUCKS WITH OF 33 TONS 13 TRUCKS WITH OF 30 TONS 2 TRUCK DRILL 2 WHEEL LOADERS VOLVO L-220 1 WATER TRUCK OF 28.000 LTS.

  14. Slide 14: Conveyor design at Caldera Port

    Conveyor design at Caldera Port 14

  15. Slide 15: Flowsheet of the Plant at La Japonesa – Probable Scenario

    FLOWSHEET OF THE PLANT AT LA JAPONESA - PROBABLE SCENARIO TOTAL CONCENTRATE MATERIAL BEING PROCESSED AT THE MINE 252 TONNES FROM 1,200 TONNES 1.600 tmph – 16% Fe RATIO OF 1:4.8 CLASSIFICATION -1” WASTE PLANT MATERIAL 400 tmph 1.200 tmph - 20% Fe 600 tmph + ¼” 600 tmph Poleas WASTE 352,4 tmph - ¼” 3

  16. Slide 16: Rincon Salar - Argentina

    Rincon Salar - Argentina ƒ Major, world-class, multi-element brine resource (Li, K,) located in the Salta Province of Argentina. ƒ The 37 tenements cover an area in excess of 250 square kilometres. ƒ Key resources are lithium chloride, potassium chloride, and potassium sulphate. ƒ Resource due dilig

  17. Slide 17: Rincon Salar - Argentina: The Resource

    Rincon Salar - Argentina The Resource ƒ The Rincon Project is located in north-western Argentina near the Chilean border. ƒ It is a hyper saline lake, brine enriched in lithium, magnesium, potash, and boron, with three rivers providing subterranean waters flowing into the salar through volcanic rock

  18. Slide 18: Rincon Salar - Lithium Concentrations from drill hole data

    Rincon Salar - Argentina Lithium Concentrations from drill hole data 18

  19. Slide 19: Production Estimates

    Production Estimates ƒ Lithium Chloride (Dec 2008) ƒ 12,000 tonnes per annum ƒ US$4,200 per tonne ƒ Annual Revenue US$50 million per annum (2006 US demand 100,000 tonnes +? Flux for Aluminium welding, batteries, clothing antistatic, dehumidifiers) ƒ Potassium Chloride (Jun 2007) ƒ 40,000 tonnes per

  20. Slide 20: Profit Estimates

    Profit Estimates Lithium Chloride Potassium Chloride ƒ Revenue $50 million at $4,200 per ƒ Revenue $7 million at $175 per tonne tonne ƒ Capital Cost $3m ƒ Capital Cost $25-$30m ƒ Operating Cost $85 (+ or - $25) ƒ Operating Cost $1,270 (+ or - $300) ƒ Operating Profit US$90 per tonne ƒ Operating Prof

  21. Slide 21: Rincon Salar - The Lithium Extraction Process

    Rincon Salar - Argentina The Lithium Extraction Process c. Salt removed d. Sodium sulphate removed d. Potash removed e. Potassium Sulphate removed f. Magnesium removed f. Lithium Chloride produced 21

  22. Slide 22: Rincon Salar - Markets

    Rincon Salar - Argentina Markets Lithium Chloride ƒ The major market for lithium compounds (Lithium Chloride) is the USA followed by China, Taiwan and Japan, then Europe. Uses include anti-static fabric treatments, welding fluxes for aluminium, lithium divinyl chloride batteries, lithium metalproduc

  23. Slide 23: Bulman – Northern Territory

    Bulman – Northern Territory ƒ Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia's Northern Territory. ƒ Applied for ELA23814 – 637 sq kilometres ƒ In the 1950’s CRA estimated there was 375,000 tonnes @ 15% Zn and 2% Pb of mainly oxide material. ƒ The Bulman Leases an

  24. Slide 24: Pyke Hill – Nickel Cobalt JV – Cougar Metals NL

    Pyke Hill – Nickel Cobalt JV – Cougar Metals NL ƒ The Pyke Hill Project is located approximately 40km southeast of the Murrin Murrin Nickel Operation, near Leonora, Western Australia. ƒ Prospective for a high-grade nickel-cobalt lateritic resource. ƒ Aircore drilling undertaken by Cougar in FY2004 r

  25. Slide 25: Funding - 2005 - 2007

    Funding - 2005 - 2007 Feb 2005 - A$10m raised by $20m placement of converting notes May 2005 – MTM Holdings/Leveraged Capital advise they may convert 87.5m options at 10c (A$8.75m) June 2005 – A$2.5m raised by converting 25 million options at 10c Aug 2005 – A$2.5m raised by converting 25 million opt

  26. Slide 26: Projected Profit and Earnings

    Projected Profit and Earnings 2006-2007 2007-2008 2008-2009 $US $US $US Net Profit After Tax 9.9M 24.5M 54.3M Earnings Per 1.8 cents 4.5 cents 9.9 cents Share $US EPS calculated on 547 million shares 26

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