Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Shareholder Meeting (November 2011)
41 slides from Andromeda Metals's shareholder meeting presentation, Nov 22, 2011
Slide 1: Annual General Meeting
Adelaide:Resources: Limited i yaw | wy” | = ~=—s Annual General Meeting a de me wc Re a = © @) Cp) =) © = © ” “Creating wealth through discovery” 22 November 2011
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 in in this this presentation presentation is is published published to to inform inform you you about about Adelaide Adelaide Resources Resources Limited Limi
Slide 3: 12 Months Summary
12 Months Summary For personal use only • The The Company Company maintained maintained its its gold-copper gold-copper and and uranium uranium focus, focus, and and its its highly highly regarded regarded land land positions positions in in SA, SA, NT NT and and QLD. QLD. • Significant Significant
Slide 4: Gold/Copper/Uranium value in A$ – month summary
Gold/Copper/Uranium value in A$ – 12 month summary For personal use only Prices of ADN’s target commodities Gold Gold A$/oz A$/oz Copper Copper A$/kg A$/kg Uranium Uranium A$/kg A$/kg ~25% ~25% increase increase ~7% ~7% decrease decrease ~2% ~2% decrease decrease Data Data source: source: InfoMine.c
Slide 5: ADN share price – 12 month summary
For personal use only Cents per share 18/ 0 5 10 15 20 25 11/ 201 0 18/ 12/ 201 0 18/ 01/ 201 1 18/ 02/ ADN 201 1 18/ 03/ 201 1 ADN share 18/ 04/ 201 1 share price 18/ 05/ 201 1 price –– 12 18/ 06/ 201 1 18/ 12 month 07/ 201 1 18/ 08/ 201 1 18/ month summary summary 09/ 201 1 18/ 10/ 201 1 16/ 11/ 2
Slide 6: Peninsula Resources
Peninsula Resources For personal use only • Original announcement welcomed by market. • Positive early reception and “confident” broker appointed. • Offer opened into a negative market for IPOs. • The Offer received reasonable support but failed to reach the minimum subscription. Offer withdrawn on
Slide 7: Project locations
Project locations For personal use only ROVER Gold/Copper DRUMMOND Gold Northern Territory Queensland EYRE PENINSULA South ANABAMA Australia Gold/Uranium/Copper Copper/Gold CORROBINNIE Uranium MOONTA Victoria YALANDA Copper/Gold Gold/Uranium Slide 7
Slide 8: Rover Project – location
Rover Project – location For personal use only Slide 8
Slide 9: Rover Project – 2011 Goals
Rover Project – 2011 Goals For personal use only • Scope resource potential at ADN’s share of the Rover 1 deposit to establish how to gain best value from this asset. • Progress drilling at the wholly owned Rover 4 Prospect to scope resource potential of known Cu-Au zones and explore for extensions
Slide 10: Rover Prospect – Plan
Rover 1 Prospect – Plan For personal use only Section 2 Section 1 Slide 10
Slide 11: Rover – Section
Rover 1 – Section 1 For personal use only Slide 11
Slide 12: Rover – Section
Rover 1 – Section 2 For personal use only Slide 12
Slide 13: Rover Prospect – Significant Intersections (ADN ground only)
Rover 1 Prospect – Significant Intersections (ADN ground only) For personal use only Slide 13
Slide 14: Rover Prospect – Significant Intersections (Cont.)
Rover 1 Prospect – Significant Intersections (Cont.) (Cont.) For personal use only Assays Assays based based on on 11 metre metre cut cut half half core core samples samples ofof oriented oriented HQ HQ and and NQ2 NQ2 core. core. Core Core recovery recovery for for reported reported intervals inter
Slide 15: Rover Prospect – Have we achieved our 2011 Goals?
Rover 1 Prospect – Have we achieved our 2011 Goals? For personal use only • We have confirmed that the host rocks to mineralisation extend further west and remain well developed. • We have also confirmed mineralisation of potentially economic grade continues further to the west. • While we own some
Slide 16: Rover Prospect Plan
Rover 4 Prospect Plan For personal use only Section 1 Section 2 Slide 16
Slide 17: Rover Prospect – Western Zone (Section 1)
Rover 4 Prospect – Western Zone (Section 1) For personal use only
Slide 18: Rover Prospect – Eastern Zone (Section 2)
Rover 4 Prospect – Eastern Zone (Section 2) For personal use only
Slide 19: Rover Prospect – Significant Intersections
Rover 4 Prospect – Significant Intersections For personal use only Slide 19
Slide 20: Rover Prospect – Significant Intersections (Cont.)
Rover 4 Prospect – Significant Intersections (Cont.) (Cont.) For personal use only Assays Assays based based onon 11 metre metre cutcut half half core core samples samples of of oriented oriented NQ2 NQ2 core. core. Core Core recovery recovery for for reported reported intervals intervals is is very
Slide 21: Rover Prospect – Have we achieved our 2011 Goals?
Rover 4 Prospect – Have we achieved our 2011 Goals? For personal use only • We believe we have established continuity of (often irregularly shaped) mineralisation in well drilled areas of the deposit. • We have extended the known limits of some potentially economic zones of copper and gold, although
Slide 22: Earlier Stage Targets – Rover
Earlier Stage Targets – Rover 12 For personal use only R12ARD59-2 copper mineralisation – assays to come R12ARD59-2 R12ARD59-2 Rover Rover 12 12 magnetic magnetic image image Slide 22
Slide 23: Earlier Stage Targets – Rover East
Earlier Stage Targets – Rover 11 East For personal use only R11ARD65 intersects host body – assays to come R11ARD65 Rover Rover 11 11 East East 2011 2011 gravity gravity image image Slide 23
Slide 24: Moonta Project location
Moonta Project location For personal use only Slide 24
Slide 25: Moonta Project – 2011 Goals
Moonta Project – 2011 Goals For personal use only • Complete further drilling at Willamulka Prospect to determine if it is a potentially significant resource. • Undertake additional low cost effective surface geochemistry to delineate additional targets. Slide 25
Slide 26: Willamulka Prospect
Willamulka Prospect For personal use only 1500 metre long gold- copper geochemical anomaly. Mineralisation (Cu, Au) intersected on all drill traverses testing 1200 metre strike. Shoot A – zone of thicker, Section 1 higher grade Section 2 mineralisation with strike length of 550 metres. Slide 26
Slide 27: Willamulka Prospect Section
Willamulka Prospect Section 1 For personal use only Slide 27
Slide 28: Willamulka Prospect Section
Willamulka Prospect Section 2 For personal use only Slide 28
Slide 29: Willamulka Prospect – Significant Intersections
Willamulka Prospect – Significant Intersections For personal use only Slide 29
Slide 30: Willamulka Prospect – Significant Intersections (Cont.)
Willamulka Prospect – Significant Intersections (Cont.) (Cont.) For personal use only Au Au determined determined byby nominal nominal 30gn 30gn fire fire assay assay with with ICP-AES ICP-AES finish finish -- check check samples samples determined determined byby fire fire assay assay with with AA
Slide 31: Willamulka Leapfrog image
Willamulka Leapfrog image For personal use only Slide 31
Slide 32: Geochemical Sampling Program (>3000 samples in 2011)
Geochemical Sampling Program (>3000 samples in 2011) For personal use only
Slide 33: Moonta Project – Copper geochemistry image
Moonta Project – Copper geochemistry image For personal use only
Slide 34: Three geochemical anomalies (same scale and contours)
Three geochemical anomalies (same scale and contours) For personal use only 0 800 ? Willamulka metres Wombat ? ? ? ? ? Possum ? ? ? ? Copper Hill East Wombat ? Possum Willamulka ? ? EL 3733 ? Copper Hill East ? Copper Hill Central Copper Hill West Geochemical anomalies ? 10ppb Au Drillhole Copper Hi
Slide 35: Moonta Project – Have we achieved our 2011 Goals?
Moonta Project – Have we achieved our 2011 Goals? For personal use only • Willamulka Shoot A confirmed as a continuous body of low-moderate grade Cu-Au with an established strike of 550m remaining open at depth and down plunge. • Geochemistry successfully delineated a number of quality exploration t
Slide 36: Corrobinnie Palaeochannel Uranium Joint Venture
Corrobinnie Palaeochannel Uranium Joint Venture For personal use only In 2010 Quasar earned its initial 60% equity in PDA098 the JV. Adelaide Resources elected not to contribute to 2011 program and is diluting its equity to 33%. If ADN’s ADN’s equity equity falls falls to to 25% it is free carried t
Slide 37: Narlaby Drillhole PDA098
Narlaby Drillhole PDA098 ......................... For personal use only ......................... Gamma response hosted ......................... . . . . . Oxidised . . . . . . . . . .Sands .......... by coarse grained ......................... ......................... palaeochannel sands. REDOX .
Slide 38: Corrobinnie Palaeochannel Uranium Joint Venture
Corrobinnie Palaeochannel Uranium Joint Venture For personal use only Thurlga Palaeochannel drill traverses (drilling currently in progress). Slide 38
Slide 39: 2011 Summary
2011 Summary For personal use only • At Rover, solid progress has been made at Rover 1 and Rover 4, and encouraging exploration results achieved at the less advanced Rover 12 and Rover 11 East prospects. • Willamulka confirmed as coherent low-moderate grade deposit open at depth. Excellent pipeline
Slide 40: 2012 Programs and Goals
2012 Programs and Goals For personal use only • Continue active Rover exploration drilling program after the coming wet season break. Aim to demonstrate sufficient resource potential at Rover 4, discover a new deposit, and determine best path for our share of Rover 1. • Active exploration drilling p
Slide 41: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! Slide 41
Adelaide Resources — Shareholder Meeting (November 2011) on 6ix