Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (October 2010)
30 slides from Andromeda Metals's investor presentation, Oct 19, 2010
Slide 1: Adelaide Resources Limited Investor Presentation October 2010
For personal use only Adelaide Resources Limited Investor Presentation October 2010 Speaker: Speaker: Chris Chris Drown Drown “Creating “Creating wealth wealth through through discovery” discovery”
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer Disclaimer and and Competent Competent Person’s Person’s Statement Statement For personal use only The The information information inin this this presentation presentation is is published published toto inform inform youyou about about Adelaide Adelaide Resources Resources Limited and its
Slide 3: Corporate
Corporate For personal use only Directors Directors Structure Structure and and Trading Trading •• Andrew Andrew Brown Brown –– Chairman Chairman •• ASX ASX listing listing 1996 1996 (ADN) (ADN) (Fund (Fund Management, Management, Broking) Broking) •• Shares Shares on on issue issue 111.2 111.2 mill
Slide 4: Current position
Current position For personal use only • Gold-copper and uranium focused explorer. • Strategic land positions in SA, NT and QLD. • Cu-Au discoveries at 100% owned Rover Project - NT. • Cu-Au discovery at 100% owned Willamulka prospect - SA • Active Uranium joint ventures - SA. • Solid cash position
Slide 5: Project locations
Project locations For personal use only ROVER Gold/Copper GLENROY Gold Northern Territory Queensland EYRE PENINSULA South ANABAMA Australia Gold/Uranium/Copper Copper/Gold CORROBINNIE Uranium MOONTA Victoria YALANDA Copper/Gold Uranium “Creating “Creating wealth wealth through through discovery” dis
Slide 6: Moonta Project
Moonta Project For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 6
Slide 7: Willamulka Prospect
Willamulka Prospect For personal use only 1500 metre long gold- copper anomaly. Mineralisation (Cu+Au) intersected on all drill traverses completed. 900 metre unclosed zone confirmed. High Au/Cu ratio apparent – gold-rich! “Creating “Creating wealth wealth through through discovery” discovery” Slide
Slide 8: Willamulka Prospect Section
Willamulka Prospect Section 1 For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 9: Willamulka Prospect Section
Willamulka Prospect For personal use only Section 2 “Creating “Creating wealth wealth through through discovery” discovery”
Slide 10: Willamulka at same scale as Hillside Prospect
Willamulka at same scale as Hillside Prospect For personal use only Hillside Hillside Inferred Inferred Mineral Mineral Resource Resource 100Mt 100Mt @ @ 0.7% 0.7% Cu, Cu, 0.2g/t 0.2g/t Au Au Inferred Inferred Resource Resource Boundary Boundary Source: Source: Rex Rex Minerals Minerals ASX ASX Rele
Slide 11: Moonta Project – in summary
Moonta Project – in summary For personal use only • Strategic ground position in the Olympic Copper Gold Province, one of the World’s great Cu-Au belts. • Willamulka prospect has shallow gold and copper hits over 900 metre strike length (open in both directions). • Early days, but the scale of Willa
Slide 12: Rover Project – the company's flagship
Rover Project – the company’s flagship For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 12
Slide 13: Why Tennant Creek/Rover?
Why Tennant Creek/Rover? For personal use only Past Tennant Creek mines – often exceptional grades Mine Tonnes Au g/t Au oz Cu % Cu tonnes Warrego 6,750,000 6.6 1,475,000 1.9 178,000 Nobles Nob 1,996,000 17.3 1,110,000 – – Juno 452,000 56.1 815,000 0.3 1,000 White Devil 1,618,000 14.6 761,000 – – Pe
Slide 14: Rover – a camp of deposits
Rover – a camp of deposits For personal use only R12 R4 R1 Tennant Tennant Creek Creek style style ironstone ironstone 2010 2010 drill drill program program targets targets Exploration Exploration target target “Creating “Creating wealth wealth through through discovery” discovery” Slide 14
Slide 15: Rover – months ago
Rover 1 – For personal use only 12 months SEL SEL 27372 27372 ago boundary boundary (100% (100% ADN) ADN) High High grade grade gold gold and and copper copper persists persists to to within within metres metres of of ADN ADN tenement tenement TARGET REGION Source: Source: Westgold Westgold Resource
Slide 16: Rover – Now
Rover 1 – Now For personal use only ~~ 20 20 drillholes drillholes into into ADN’s ADN’s tenement tenement System System of of substantial substantial dimension dimension confirmed confirmed High High grades grades of of gold gold and and copper copper intersected intersected Continuity Continuity o
Slide 17: Rover Prospect
Rover 1 Prospect For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 17
Slide 18: Drillhole R1ARD35 – high grade drill core
Drillhole R1ARD35 – high grade drill core For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 18
Slide 19: Rover Prospect – exciting recent results
Rover 4 Prospect – exciting recent results For personal use only 46m @ 1.24% Cu 9m @ 1.57% Cu, 1.09g/t Au 4m @ 2.30g/t Au 27m @ 1.2% Cu 21m @ 2.33% Cu, 0.94 g/t Au 8m @ 3.77g/t Au 17m @ 1.81% Cu Drilling at 4m @ 3.55g/t Au Rover 4 is continuing. 25m @ 1.05% Cu 15m @ 2.07% Cu 2m @ 20.0g/t Au “Creatin
Slide 20: Rover 12 and Rover 1 magnetic images
Rover 12 and Rover 1 magnetic images – Is Rover 12 as large as Rover 1? For personal use only Rover 12 tmi Rover 1 tmi 22 Peko Peko & & 34 34 Peko Peko holes holes && 55 ADN ADN holes holes 11 KM KM wedges wedges prior prior to to WGR WGR && ADN ADN “Creating “Creating wealth wealth through through
Slide 21: Rover Project – summary of ADN's progress
Rover Project – summary of ADN’s progress For personal use only • Two drill rigs currently operating at Rover. • Significant volume of prospective host ironstone/stringer zone at Rover 1 confirmed on ADN’s tenement. • Intervals of high grade gold and copper mineralisation at Rover 1 confirmed – cont
Slide 22: Rover Field – The Bigger Picture
For personal use only Rover Field The Bigger Picture “Creating “Creating wealth wealth through through discovery” discovery” Slide 22
Slide 23: ADN controls most of the confirmed Rover Field
ADN controls most of the confirmed Rover Field For personal use only Confirmed ironstone WGR Currently WDR confirmed ADN extent of Rover Field Tennant Tennant Creek Creek SStu tuaartrt HHig ighhw waayy 40 KM “Creating “Creating wealth wealth through through discovery” discovery”
Slide 24: How Rover has developed for Westgold Resources
How Rover has developed for Westgold Resources For personal use only • Commenced drilling at Rover 1 in March 2008 and has drilled continuously at Rover 1 in the field seasons since. • Maiden Resource of 5.3Mt at 6.1g/t AuEq for 1.03Moz AuEq announced for Rover 1 on 23 February 2010. • Positive Scop
Slide 25: How do ADN's and WGR's R1 efforts relate in plan?
How do ADN’s and WGR’s R1 efforts relate in plan? For personal use only ADN’s focus Source: Westgold Resources ASX release 28 September 2010 Resources Rising Stars Presentation “Creating “Creating wealth wealth through through discovery” discovery”
Slide 26: How do ADN's and WGR's R1 efforts relate in long section?
How do ADN’s and WGR’s R1 efforts relate in long section? For personal use only ADN’s focus Source: Westgold Resources ASX release 28 September 2010 Resources Rising Stars Presentation “Creating “Creating wealth wealth through through discovery” discovery”
Slide 27: WGR envisage a decline development
WGR envisage a decline development For personal use only ADN’s upper copper zone discovery (relatively shallow metal) Source: Westgold Resources ASX release 23 September 2010 Mining the Tertiary Presentation “Creating “Creating wealth wealth through through discovery” discovery”
Slide 28: What does all this mean for ADN?
What does all this mean for ADN? For personal use only • ADN’s commanding Rover Field ground position means a company making discovery is possible at R1, R4, R12 or any other of its numerous targets. • At Rover 1, ADN has discovered high grade metal adjacent to WGR’s 1Moz AuEq resource. ADN’s metal
Slide 29: Adelaide Resources - strategically attractive
Adelaide Resources - strategically attractive For personal use only • Enterprise value below $20M yet option-style position at Rover. • Downside limited by existing metal’s value to any mining operation at Rover 1. • Continuing uncapped upside from further Rover exploration. • Promising ground and d
Slide 30: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! “Creating “Creating wealth wealth through through discovery” discovery” Slide 30
Adelaide Resources — Investor Presentation (October 2010) on 6ix