Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Investor Presentation (September 2009)
65 slides from Admiralty Resources NL's investor presentation, Sep 9, 2009
Slide 1: News Release: SCM Vallenar Iron Company Investor Presentation
NEWS RELEASE For personal use only Release Time IMMEDIATE Date 9 September 2009 SCM VALLENAR IRON COMPANY INVESTOR PRESENTATION Admiralty Resources NL encloses herewith an updated investor presentation on its fully owned subsidiary, SCM Vallenar Iron Company. The presentation will be posted on the C
Slide 2: SCM Vallenar Iron Company
For personal use only SCM VALLENAR IRON COMPANY September 2009 Santiago, Chile
Slide 3: Map of Chile
MAP OF CHILE For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 2
Slide 4: Index
INDEX For personal use only 1. ADMIRALTY RESOURCES NL 2. SCM VALLENAR IRON COMPANY 3. HISTORY 4. LOCATION AND GEOGRAPHY 5. MINING CONCESSIONS AND TENURE 6. INFRASTRUCTURE 7. EXPLORACION AND GEOLOGY 8. MINING OPERATIONS 9. PRODUCT SALES 10. APPENDICES 1. MINERALS TENURE 2. CERTIFICATES OF PRODUCT ANA
Slide 5: Admiralty Resources NL and SCM Vallenar Iron Company
1. ADMIRALTY RESOURCES NL Admiralty Resources NL (www.ady.com.au) is an Australian based diversified mining For personal use only company with mining interests in Australia and Chile. Admiralty Resources NL trades on the Australian Securities Exchange (ASX) under the symbol ADY. Admiralty Resources
Slide 6: History
Minera Company” and transferred to Minera Santa Bárbara legal title of the mineral exploration concession Negrita 1 to 4. After the year 2004, Minera Santa Bárbara staked and purchased additional minerals exploitation and exploration concessions. For personal use only The objective of Minera Santa B
Slide 7: Mining Concessions and Tenure
tenure holding is composed of 54 mineral exploitation concessions covering 9,396 hectares and 5 mineral exploration concessions covering 1,400 hectares. All of SCM Vallenar Iron Company’s mineral tenure is registered in the Registry Of Mines Office in For personal use only Vallenar and is held by in
Slide 8: Infrastructure
6. INFRASTRUCTURE Vallenar, a city of approximately 48,000 inhabitants is located on the Pan American For personal use only Highway 145 kilometers south of the city of Copiapó, the capital of Chile’s Third Region and 187 kilometers north of the city of La Serena the capital city of Chile’s Fourth Re
Slide 9: District Infrastructure Map
FIGURE L2= MAP OF SCM VALLENAR IRON COMPANY GEOLOGICAL DISTRICT’S INFRASTRUCTURE For personal use only The following are the key infrastructure features of SCM Vallenar Iron Company’s geological district that are favorable to a mine development scenario: • SCM Vallenar Iron Company’s geological dist
Slide 10: Punta Alcalde Maritime Concession Photographs
FIGURE L1 = PHOTOGRAPHS OF PUNTA ALCALDE MARITIME CONCESSION For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 9
Slide 11: Infrastructure: Rail, Highway and Workforce
For personal use only • Ferronor S. A., a privately owned Chilean railway company owns and operates a railway cargo transportation service into the Port Of Huasco. Compañía Minera del Pacífico (CMP) uses this railway for the transportation of its iron ore to its metallurgical plant located in the Po
Slide 12: Exploration and Geology
• Mine development, mine construction and mine operational activities would not be adversely affected by altitude conditions, topography or climate. For personal use only All of the aforementioned infrastructure features will have a significant positive impact on mine development, mine construction
Slide 13: For personal use only
For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 12
Slide 14: Geological District Map and Chilean Iron Belt
FIGURE G1 = MAP OF SCM VALLENAR IRON COMPANY GEOLOGICAL DISTRICT For personal use only CHILEAN IRON BELT The most economically important iron deposits in Chile are distributed in a belt in a north to nor-northwest direction, 25 to 30 kilometers wide and 600 kilometers long, from La Ligua (latitude 3
Slide 15: Chilean Iron Belt and Deposit Classification
existence of several hidden magnetite ore deposits, especially in the Atacama province. One of those anomalies corresponds to Boquerón Chañar, located 57 kilometers north of the city of Vallenar. This anomaly was extensively explored and For personal use only drilled and close to 500 million tons @
Slide 16: Classification of Iron Deposits
b) Carmen Type: ore deposits in volcanic rocks c) Algarrobo Type: ore deposits in volcanic rocks in contact with intrusive For personal use only d) La Suerte Type: Iron veins in intrusive e) Desvío Norte Type: exotic iron deposits FIGURE G3 = CLASSIFICATION OF IRON DEPOSITS Sociedad Contractual Mine
Slide 17: Bandurrias Type Deposits
A. Iron deposits In Stratified Rocks: Bandurrias Type. These correspond to deposits located approximately 20 kilometers east of the axis of For personal use only the Chilean Iron Belt. They are controlled by NNE structures and the mineralization is hosted in sedimentary rocks (ex. Bandurrias, Chañar
Slide 18: Carmen and Algarrobo Type Deposits
In Boquerón Chañar, the host rock is chloritized andesite. Close to the magnetite bodies, the andesite changes to a rock with disseminated actinolite in veinlets and magnetite. In an advance stage of mineralization, a pseudo-breccia appears with For personal use only actinolite, scapolite and magnet
Slide 19: Exotic Deposits and Regional Geology
E. Exotic Iron Deposits: Desvío Norte Type These correspond to quaternary colluvial-alluvial sediments with boulders of For personal use only magnetite-martite. They are formed from the iron bodies’ erosion which is gravitationally deposited beside of the source of erosion. An example of this is the
Slide 20: Geology of Chilean Iron Belt
FIGURE G4 = GEOLOGY OF CHILEAN IRON BELT For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 19
Slide 21: Ore Bodies Geology
SCM VALLENAR IRON COMPANY ORE BODIES GEOLOGY Intermediate composition intrusive rocks are emplaced into volcanic rocks in the area For personal use only along what a North-Northeast trending fault zone that is intersected by a northwest trending fault zone near Cerro Mirador. The mineralization in t
Slide 22: Identified Ore Bodies
FIGURE G5 = SCM VALLENAR IRON COMPANY INDENTIFIED ORE BODIES For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 21
Slide 23: Japonesita and Japonesa Ore Bodies
4. Japonesita The Japonesita ore body correspond to a group of a narrow high grade veins (>55% For personal use only Fe). Veins are emplaced in 200 meters wide shear zone that host small faults filled by high grade magnetite. 5. Japonesa The Japonesa ore body corresponds to an exotic iron ore body g
Slide 24: Pampa Tololo Project
10. Pampa Tololo Project The Pampa Tololo Project is located 33 kilometers north of the city of Vallenar (20 For personal use only minutes driving distance from the city); access is from the Pan American Highway. The Pampa Tololo Project comprises of 3,455 hectares of mineral exploration concessions
Slide 25: Pampa Tololo Prospect
proximity of the Los Colorados Iron Mine location and the presence of high magnetic anomalies are attractive features and strongly support further exploration work to explore for iron bodies in the area. For personal use only FIGURE G6 = PAMPA TOLOLO PROSPECT Sociedad Contractual Minera Vallenar Iro
Slide 26: Observations and Work Executed to Date
Observations 1 Potential for increased resources exists within all the areas of SCM For personal use only Vallenar Iron Company’s Geological District that have not been the target of advanced exploration programs. 2 The nine ore bodies identified within the SCM Vallenar Iron Company Geological Distr
Slide 27: Historical Geophysical Surveys
• In 1991, the United Nations carried out an aeromagnetic exploration over Japonesa ore body, finding several magnetic anomalies in the Sierra Chinchilla area. For personal use only • In 1996, Phelps Dodge, Barrick and BHP carried out an “Estudio Multiclientes de Magnetometría” focused mainly in Cu-
Slide 28: Aeromagnetometry of Geological District
FIGURE G7 = AEROMAGNETOMETRY SCM VALLENAR IRON COMPANY GEOLOGICAL DISTRICT For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 27
Slide 29: RTP Ground Magnetic Survey
FIGURE G8 = RTP Ground Magnetic Survey For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 28
Slide 30: Total Field Ground Magnetic Survey
FIGURE G9 = Total Field Ground Magnetic Survey For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 29
Slide 31: Aeromagnetic Anomalies Los Colorados and Pampa Tololo
FIGURE G10 = Aeromagnetic Anomalies in Los Colorados Mine (CMP) and Pampa Tololo Prospect For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 30
Slide 32: Drilling
Drilling Drilling programs within the SCM Vallenar Iron Company Geological District For personal use only commenced in 1995 at the Japonesa Ore Body. From 2005 to 2007 several exploration drilling programs were executed, which allowed SCM Vallenar Iron Company and SRK to elaborate a mineral resource
Slide 33: Drilling and Resource Estimation
Mariposa: 33 vertical and inclined drill holes totaling 5,224 meters have been executed in Mariposa with depths between 280 and 40 meters. For personal use only Negrita: 7 drill holes totaling 710 meters have been drilled in Negrita, with depths between 40 and 200 meters. Soberana: At the Soberana o
Slide 34: Japonesa Resource Modelling
Using a sectional geological interpretation and information extracted from 116 of a total of 117 drill holes on the Japonesa ore body, SRK constructed a three dimensional geological model for the Japonesa ore body using GEMCOM software. Six mineral For personal use only zones were modeled and a 3D s
Slide 35: Japonesa Tonnage-Grade and Mining Scoping Study
FIGURE G11 = Tonnage-Grade Curve – Fe% By Mineral Zone For personal use only In summary, considering at a cut off of 10%, the total of the Measured, Indicated and Inferred Resources for Japonesa ore body is 43,236,000 tons of Fe, with grades of 14.8%. Mining Scoping Study For The Japonesita and Mari
Slide 36: Resources Estimate for Japonesita and Mariposa
Resources Estimate For Japonesita And Mariposa Ore Bodies Between January and May 2007, SRK Consulting Chile S.A. elaborated a mineral For personal use only resource model for the iron mineralization in the Japonesita and Mariposa ore bodies and prepared an independent technical report following the
Slide 37: Tonnage-Grade Curve Japonesita
For personal use only FIGURE G12 = Tonnage-Grade Curve – Fe% (Japonesita) Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 36
Slide 38: Japonesita Resource Summary
In summary, considering at a cut off of 10%, the total of the Measured, Indicated and Inferred Resources for Japonesita ore body is 54,243,000 tons of Fe, with grades of 20.1%. For personal use only Mariposa Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santia
Slide 39: Mariposa and Primavera Resource Estimate
FIGURE G13 = Tonnage-Grade Curve – Fe% (Mariposa) For personal use only In summary, considering at a cut off of 10%, the total of the Measured, Indicated and Inferred Resources for Mariposa ore body is 168,408,000 tons of Fe, with grades of 18%. Resources Estimate For Primavera Ore Body Between June
Slide 40: Primavera Resource Results
The following are the results obtained by SRK: For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 39
Slide 41: Primavera and Mirador Resource Estimate
FIGURE G14 = Tonnage-Grade Curve – Fe% (Primavera) For personal use only In summary, considering at a cut off of 10%, the total of the Measured, Indicated and Inferred Resources for Primavera ore body is 130,127,000 tons of Fe, with grades of 16,7 %. Resources Estimate For Mirador Ore Body Between J
Slide 42: Mirador Resource Results
was 2,5 x 5 x 10 meters. Mineral Resources were classified using intervals of both Ordinary Kriging Estimation Method (OKV) and Nearest Sample Distance (NSD). For personal use only The following are the results obtained by SRK: Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615,
Slide 43: Mirador and Total JORC Resources
FIGURE G15 = Tonnage-Grade Curve – Fe% (Mirador) For personal use only In summary, considering at a cut off of 10%, the total of the Measured, Indicated and Inferred Resources for Mirador ore body is 27,311,000 tons of Fe, with grades of 17,2 %. Finally, following the guidelines of JORC in accordanc
Slide 44: SRK Mineral Resources Statement and Competent Person
SRK Consulting (Chile) S.A. Av. Apoquindo 4001, Piso 7º Las Condes - Santiago Chile santiago@srk.cl www.srk.cl Tel: +(56-2) 4890 800 Fax: +(56-2) 4890 801 For personal use only September 2, 2009 Let-591/09 06-2301-01 MINERAL RESOURCES STATEMENT FOR THE JAPONESA IRON MINE, JAPONESITA, PRIMAVERA, MARI
Slide 45: Mining Operations
8. MINING OPERATIONS In 2006, during the period in which Wyndham Explorations S. A. was the majority For personal use only shareholder in Minera Santa Barbara; mining services contracts were celebrated between Besalco Maquinarias S. A. and Minera Santa Barbara for the exploitation of the Japonesa Or
Slide 46: Japonesa Pits and Processing Plant
FIGURE O1 = VIEW OF PITS IN THE JAPONESA ORE BODY For personal use only FIGURE O2 = VIEW OF MINERAL PROCESSING PLANT Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 44
Slide 47: Production Summary
TABLE O1 = PRODUCTION SUMMARY PRODUCTION SUMMARY/CONCENTRATES For personal use only Year 2007 2008 January 31,961 February 10,693 29,729 March 13,243 9,635 April 17,621 13,096 May 27,174 26,715 June 28,770 27,816 July 32,481 17,715 August 36,052 22,983 September 36,627 23,397 October 36,818 21,083 N
Slide 48: Marketing and Sales
• Besalco Maquinarias S. A., the primary mining services contractor was not achieving the production targets with respect to the plant throughput agreed to in the contracts celebrated with SCM Vallenar Iron Company. For personal use only 9. MARKETING AND SALES During the year 2007, SCM Vallenar Iron
Slide 49: Appendix Mineral Tenure
For personal use only APPENDIX 1 MINERAL TENURE Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 47
Slide 50: Mining Concessions: Exploitation
SCM VALLENAR IRON COMPANY MINING CONCESSIONS I. EXPLOITATION CONCESSIONS NAME NUMBER HECTARES TYPE ORE BODY For personal use only JAPONESA 1/8 03301-2722-8 34 EXPLOITATION Japonesa JAPONESITA 1/16 03301-2447-4 96 EXPLOITATION Japonesa MIRADOR 1/3 03301-2723-6 21 EXPLOITATION Mirador PHIL 03301-3630-
Slide 51: Exploration Concessions and Tenure Summary
II. EXPLORATION CONCESSIONS NAME NUMBER HECTARES TYPE ORE BODY ZAPALLO 1 03301-4741-5 200 EXPLORATION Japonesa ZAPALLO 2 03301-4742-3 300 EXPLORATION Japonesa For personal use only ZAPALLO 3 03301-4743-1 300 EXPLORATION Japonesa ZAPALLO 4 03301-4744-K 300 EXPLORATION Japonesa ZAPALLO 5 03301-4745-8
Slide 52: Appendix Product Analysis and Quality Certificates
For personal use only APPENDIX 2 PRODUCT ANALYSIS AND QUALITY CERTIFICATES Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 50
Slide 53: For personal use only
For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 51
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 52
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 53
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 54
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 55
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 56
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 57
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 58
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 59
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 60
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 61
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 62
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For personal use only Sociedad Contractual Minera Vallenar Iron Company – Rosario Norte #615, Oficina 2001, Santiago - Chile. Fono: 4809700 mail: info@vallenariron.com 63
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