Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investorium.tv – Sydney Sky Venue Above the Cloud (September 2013)
48 slides from Andromeda Metals's conference presentation, Sep 23, 2013
Slide 1: From Exploration to Delineation
For personal use only FROM EXPLORATION TO DELINEATION Investorium.tv – Sydney Sky Venue Above the Cloud 23 September 2013 Presented by Chris Drown, Managing Director #1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involv
Slide 3: Adelaide Resources' Business
Adelaide Resources’ Business For personal use only • We are a South Australian based mineral explorer with a tight commodity focus on copper and gold. • We have projects in SA, NT and QLD in terrains with pedigrees that can deliver “company maker” discoveries. • The vast majority of our ground holdi
Slide 4: Corporate statistics
Corporate statistics For personal use only • Listed on ASX in 1996 (ADN) • Shares issued ~229 million • Unlisted securities ~2.6 million • Cash ~$3.8 million • Shareholders 2540 • Top 20 hold 36.5% • Major holder Navigator Australia Ltd. 7.1% • 12 month trading 3.6 to 25 cents • Market cap $16.9M (7
Slide 5: The Board and Senior Management
The Board Senior Management For personal use only Mike Hatcher – Geologist Nick Harding – Accountant Non-executive Chairman Company Secretary/CFO 40+ years experience 25+ years experience Chris Drown – Geologist Mark Manly – Geologist Managing Director Exploration Manager 25+ years experience 25+ ye
Slide 6: Annual exploration and administration spend
Annual exploration and administration spend For personal use only 7000 6000 5000 $’000s Exploration funding 4000 Joint Venture 3000 Adelaide Resources 2000 Administration 1000 0 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 12/13 10/11 11/12 The vast majority of
Slide 7: Project locations
Project locations For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper/Silver Australia ANABAMA Copper/Gold/Iron Ore MOONTA Victoria YALANDA Copper/Gold Gold/Silver #7
Slide 8: The Yorke Peninsula's "Copper Triangle"
The Yorke Peninsula’s “Copper Triangle” For personal use only “To the Colony of South Australia, copper was like a huge flywheel, generating wealth and activity.” (Blainey – The Rush That Never Ended) The Copper Triangle 1915 Richmans Enginehouse, Moonta #8
Slide 9: Turning the Copper Triangle into the Copper Polygon
For personal use only Adelaide Resources aims to turn the “Copper Triangle” into the “Copper Polygon”! #9
Slide 10: Moonta Project – location plan
Moonta Project – location plan For personal use only The following slides set the scene #10
Slide 11: Olympic Copper-Gold Province – operating companies
Olympic Copper-Gold Province – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources All land in the Antofagasta OCGP where Areva exploration is BHPB Major allowed is FMG companies pegged. Oz Minerals and copper Rex producers Rio Tinto dominate. Sandfire St
Slide 12: OCGP – depth to prospective basement
OCGP – depth to prospective basement For personal use only The Yorke Peninsula in general, and the A Moonta Project in particular, has the Prominent Hill (100m) shallowest cover anywhere along the Vulcan (900m) Challenger entire Olympic Copper Gold Province. Olympic Dam (330m) Carrapateena (470m) Pu
Slide 13: Yorke Peninsula – operating companies
Yorke Peninsula – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources Areva Core Investigator Monax – Marmota Phoenix Copper Rex Sandfire Spencer Xstrata 80 kilometres Other #13
Slide 14: Moonta Project – exploration history timeline
Moonta Project – exploration history timeline For personal use only Copper Price Historical exploration at Moonta was dominated by mid caps and majors which needed to find very large resources. This presents Adelaide Resources with a valuable historical database and a scale opportunity. The opportun
Slide 15: Historic data – a hugely valuable asset
Historic data – a hugely valuable asset For personal use only Past explorers bequeathed an enormous amount of data. In 2013 dollars, this data is valued in the tens of millions. #15
Slide 16: Moonta Project scene setting key points
Moonta Project scene setting key points For personal use only • Located in the Olympic Copper Gold Province, a region that is totally pegged and where ownership is dominated by many of the World’s largest copper producers. • Our tenement is in the area where the prospective rocks are at their shallo
Slide 17: Alford West – magnetic image showing auger copper anomaly
Alford West – magnetic image showing WMC/NBH auger copper anomaly and drillhole collars For personal use only Area of 2013 drilling #17
Slide 18: Alford West Prospect – summary
Alford West Prospect – summary For personal use only Section 753,015mE Section Section Section 753,570mE 753,730mE 753,785mE #18
Slide 19: Alford West Prospect – Section 753,015 mE
Alford West Prospect – Section 753,015 mE For personal use only #19
Slide 20: Alford West Prospect – Section 753,730 mE
Alford West Prospect – Section 753,730 mE For personal use only #20
Slide 21: Alford West Prospect – Section 753,785 mE
Alford West Prospect – Section 753,785 mE For personal use only #21
Slide 22: Alford West – drill chips
Alford West – drill chips ALWAC007 ALWAC008 For personal use only Depth Cu % Au g/t Depth Cu % Au g/t 31-32 0.17 0.13 18-19 2.49 0.64 32-33 5.57 0.42 19-20 2.81 7.39 33-34 6.63 0.22 20-21 5.48 8.41 34-35 13.15 0.82 21-22 2.64 2.00 35-36 8.55 0.66 22-23 2.28 2.47 36-37 2.33 0.16 23-24 0.98 7.58 37-38
Slide 23: Alford West intersections
Alford West intersections For personal use only Intersections calculated by averaging 1-metre chip samples. Copper determined by four acid digest followed by ICP-AES finish. Overrange copper (>1%) determined by AA finish. Gold determined by fire assay fusion followed by ICP-AES finish. Cut-off grade
Slide 24: Alford West compared to RXM's Hillside deposit #1
Alford West compared to RXM’s Hillside deposit #1 For personal use only Let’s plot Alford West at the same scale using the same parameters Hillside Resource: 330Mt @ 0.6% Cu, 0.16g/t Au and 13.7% Fe (0.8% CuEq) LEGEND 0m RL Copper zone >0.2% Cover -300m Host rock OPEN -600m OPEN OPEN (Source: Modifi
Slide 25: Alford West compared to RXM's Hillside deposit #2
Alford West compared to RXM’s Hillside deposit #2 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m 1970s auger geochemistry defines target -600m 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL Copper zone >0.2% Cover -300m Host rock OPEN -
Slide 26: Alford West compared to RXM's Hillside deposit #3
Alford West compared to RXM’s Hillside deposit #3 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m Auger holes rarely penetrated deeper than -600m 20 metres but returned very positive results 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL
Slide 27: Alford West compared to RXM's Hillside deposit #4
Alford West compared to RXM’s Hillside deposit #4 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m Drilling to date still relatively shallow but starting to grow deposit at depth -600m 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL Copper
Slide 28: Alford West compared to RXM's Hillside deposit #5
Alford West compared to RXM’s Hillside deposit #5 Extent of auger copper anomaly (3500m) For personal use only 0m RL Never been drilled Never been drilled Very sparsely drilled -300m OPEN OPEN OPEN OPEN OPEN OPEN OPEN OPEN -600m Alford West should grow significantly with further drilling 751000mE 75
Slide 29: Alford West Summary
Alford West Summary For personal use only • Defined by poorly drill tested 3.5 kilometre long auger copper geochemical anomaly. • Shallow drilling has tested 1.1 kilometres so far, with copper- gold mineralisation present on every drill traverse. • Coherent zones of high grade mineralisation present
Slide 30: Willamulka Prospect – plan
Willamulka Prospect – plan For personal use only 10km north east of Kadina Shallow 550 metre long coherent zone of copper and gold mineralisation open at depth. #30
Slide 31: Willamulka Prospect – section
Willamulka Prospect – section For personal use only #31
Slide 32: Willamulka Prospect – mineralisation model
Willamulka Prospect – mineralisation model For personal use only Oblique view looking North OPEN OPEN #32
Slide 33: Paskeville Prospect – plan
Paskeville Prospect – plan For personal use only 15km east of Kadina Shallow 350 metre long coherent zone of copper mineralisation open at depth and along strike. #33
Slide 34: Paskeville Prospect – section
Paskeville Prospect – section For personal use only Recent drilling shows a steeply northeast dipping 50m wide zone of copper mineralisation. #34
Slide 35: Wombat Prospect – section
Wombat Prospect – section For personal use only 10km north east of Wallaroo. Diamond drilling shows significant intersections of copper in a deeply weathered zone. #35
Slide 36: Moonta Exploration Triangle
Moonta Exploration Triangle For personal use only Alford West, Willamulka, Paskeville and Wombat Goal is to progress are just part of the story. prospects to higher We have numerous other levels and to higher targets establishing a quality. strong exploration pipeline. #36
Slide 37: Moonta Project Summary
Moonta Project Summary For personal use only • Our Moonta project has exceptional and widespread prospectivity for shallow copper-gold deposits. • We are confident that we can build a project-wide resource base, based upon the definition of multiple deposits located within a few kilometres of each o
Slide 38: High Quality Additional Projects
High Quality Additional Projects For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper/Silver Australia ANABAMA Copper/Gold/Iron Ore MOONTA Victoria YALANDA Copper/Gold Gold/Silver #38
Slide 39: Rover Project – location
Rover Project – location For personal use only 100% owned project with two copper-gold deposits (Rover 4 and ADN’s share of Rover 1) and several other early-stage prospects with mineralised drill intersections. #39
Slide 40: Rover Prospect – plan
Rover 1 Prospect – plan For personal use only Section #40
Slide 41: Rover Prospect – section
Rover 1 Prospect – section For personal use only System of substantial dimension confirmed on ADN’s ground. High grades of gold and copper intersected. Neighbour Metals X Limited has 1.22 Moz AuEq resource immediately south of ADNs tenement and approval to establish an exploration decline. #41
Slide 42: Eyre Peninsula Gold Project – SA
Eyre Peninsula Gold Project – SA For personal use only 100% owned 4900 sq. km. project with three gold deposits (Barns, Baggy Green and White Tank), and many other prospects and targets. Investigator Resources’ Paris silver deposit is located in an adjacent tenement. #42
Slide 43: Baggy Green Prospect – plan
Baggy Green Prospect – plan For personal use only > 2.5ppb calcrete anomaly RAB drilling (217 holes) RC drilling (31 holes) >25ppb gold in RAB drillhole >100ppb gold in RAB drillhole 2.6km NB* Geological similarities with Tropicana Existing drill pattern coarse and potential remains high 500 M #43
Slide 44: Baggy Green Prospect section
Baggy Green Prospect section For personal use only W Surface E 0 Base of weathering 36/0.76 27/0.27 50 5/9.01 7/2.31 24/2.33 9/1.02 49/0.45 100 28/ 0.83 4/2.57 150 RAB drillhole RC drillhole 50 M 7/2.31 7m @ 2.31 g/t gold #44
Slide 45: Drummond Epithermal Gold Project – Qld
Drummond Epithermal Gold Project – Qld For personal use only 100% owned gold project with confirmed epithermal systems present. Limey Dam Prospect #45
Slide 46: Other Projects Summary
Other Projects Summary For personal use only • Rover has two “Tennant Creek” style copper-gold deposits and some good looking early stage prospects. • Eyre Peninsula has three gold deposits, numerous other gold targets, and possible “Paris” style silver potential. • Drummond has a large confirmed ep
Slide 47: Future Focus
Future Focus For personal use only • At Alford West complete significant drilling programs to test large un-drilled sections of the auger anomaly and to extend the deposit to depth. • In-house modelling of Moonta deposits to begin building the mineral inventory. • Exploration to find our next Moonta
Slide 48: Providing shareholders with discovery opportunities!
For personal use only Providing shareholders with discovery opportunities! adelaideresources.com.au #48
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