Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Paydirt SAREIC Conference (May 2010)
24 slides from Andromeda Metals's conference presentation, May 3, 2010
Slide 1: The Gold, Copper and Uranium Stories
For personal use only Adelaide Resources Limited The Gold, Copper and Uranium Stories Speaker: Chris Drown “Creating “Creating wealth wealth through through discovery” discovery” Slide 1
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 statistics
Corporate statistics For personal use only • Listed on ASX in 1996 (ADN) • Shares issued 111.2 million • Unlisted options 4.0 million • Cash ~$8.9 million (31 Mar 10) • Shareholders 2500 • Top 20 hold 30.96% • Major holders Tidewater 10.0% K Yates 5.2% • 12 month trading 6.4 to 39.5 cents • Market c
Slide 4: The people
The people For personal use only Board members left to right: John den Dryver – Mining Engineer Director, 30+ years experience Keith Yates – Geologist Director, 40+ years experience Chris Drown – Geologist Managing Director, 20+ years experience John Horan – Accountant Director, 40+ years experience
Slide 5: Current position
Current position For personal use only • South Australian based gold-copper-uranium focused explorer • Strategic land positions in SA and NT • 2009 exploration effort rewarded with significant intersections at the 100% owned Rover Project in Northern Territory • Active at Moonta copper-gold project
Slide 6: 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 7: Rover Project – the main game
Rover Project – the main game For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 7
Slide 8: Why Tennant Creek/Rover?
Why Tennant Creek/Rover? For personal use only Past Tennant Creek mines – often exceptional gold grades Mine Tonnes Au (g/t) Au (oz) Cu (t) Warrego 6,750,000 6.6 1,475,000 178,000 Nobles Nob 1,996,000 17.3 1,110,000 — Juno 452,000 56.1 815,000 1,000 White Devil 1,618,000 14.6 761,000 — Peko 3,676,00
Slide 9: 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 9
Slide 10: Rover – September 2009
Rover 1 – September 2009 For personal use only EL EL 7739 7739 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 Resources R
Slide 11: Rover high grade drill core
Rover 1 high grade drill core For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 11
Slide 12: Rover Prospect
Rover 1 Prospect For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 12
Slide 13: Rover Prospect
Rover 1 Prospect For personal use only Outstanding results achieved in 2009 drillholes. Goal in 2010 is to scope the potential resource in Adelaide Resources’ tenement. “Creating “Creating wealth wealth through through discovery” discovery” Slide 13
Slide 14: Rover prospect – Exciting new results
Rover 4 prospect – Exciting new results For personal use only 46m 46m @@ 1.24% 1.24% Cu Cu 27m 27m @ @ 1.2% 1.2% Cu, Cu, 0.25 0.25 g/t g/t Au Au (10m (10m @ @ 2.31% 2.31% Cu) Cu) 21m @ 2.33% Cu, 0.94 g/t Au) 21m @ 2.33% Cu, 0.94 g/t Au) 17m 48m @ 0.58g/t Au 17m @ @ 1.81% 1.81% Cu, Cu, 0.03 0.03 g/t
Slide 15: Employing advanced exploration technologies
Employing advanced exploration technologies For personal use only R4ARD24 R4ARD21 Model of magnetite body derived using downhole magnetometer logging “Creating “Creating wealth wealth through through discovery” discovery” Slide 15
Slide 16: Rover – mineralised system
Rover 12 – mineralised system Surface For personal use only Wiso Basin R12 R12 Section Section Sediments 100m 339850E 339850E R12 R12 Magnetic Magnetic contours contours 200m Unconformity Drillhole Drillhole RV12ARD1 RV12ARD2 300m Zone containing ironstone lodes 0.9m@3.06%Cu 0.55g/tAu 2m@5.94%Pb 400
Slide 17: Moonta Project
Moonta Project For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 17
Slide 18: Willamulka Prospect
Willamulka Prospect For personal use only Magnetic Magnetic image image 1VD 1VD 1500 metre long gold- copper anomaly. Highly encouraging results in limited previous drilling. “Creating “Creating wealth wealth through through discovery” discovery” Slide 18
Slide 19: Prospect
Prospect 4 For personal use only Magnetic Magnetic image image 1VD 1VD Gold-copper anomaly in fold hinge setting. Anomalous metal in nearby drillholes. “Creating “Creating wealth wealth through through discovery” discovery” Slide 19
Slide 20: Corrobinnie Uranium JV – summary
Corrobinnie Uranium JV – summary For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 20
Slide 21: Corrobinnie Uranium JV – drill section
Corrobinnie Uranium JV – drill section For personal use only Uranium Uranium results results are are assayed assayed drill drill samples samples “Creating “Creating wealth wealth through through discovery” discovery” Slide 21
Slide 22: Yalanda Hill Joint Venture
Yalanda Hill Joint Venture For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 22
Slide 23: Summary
Summary For personal use only • Rover is one of Australia’s best gold-copper exploration destinations – drilling underway. • Moonta region strongly mineralised with copper-gold – drilling planned. • Solid uranium joint ventures in South Australia – field work and further drilling in 2010. • Aggressi
Slide 24: 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 24
Adelaide Resources — Paydirt SAREIC Conference (May 2010) on 6ix