Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Shareholder Meeting (November 2005)
32 slides from Admiralty Resources NL's shareholder meeting presentation, Nov 29, 2005
Slide 1: AGM Presentation
Admiralty Resources NL AGM PRESENTATION 29th November 2005
Slide 2: Agenda
AGENDA Welcome and Opening of AGM Chairman’s Report Minutes of 2004 AGM Vote on 4 resolutions Close AGM CEO Review of Operations Questions 2
Slide 3: Chairman's Introduction and Report
Chairman’s Introduction and Report Professor Ross Harper CBE 3
Slide 4: Resolutions of Annual General Meeting 2005
Resolutions of Annual General Meeting 2005 Resolutions 1. Financial Report be received 2. Prof. Ross Harper be appointed a Director 3. The Executives remuneration report be adopted 4. Ratify the placement of 15,000,000 shares to Wyndham Explorations SA for the acquisition of 50% of Cia Minera Santa
Slide 5: The Year In Review – 04/05
The Year In Review – 04/05 Aug 2004 – Phil Thomas appointed Chairman and CEO, Anthony Dickson appointed Director, Frank Edge, CEO resigns. Sept 2004 – Review commences of business, funding, Stephen Prior appointed Company Secretary. Nov 2005 – Hazen Research evaluates phase chemistry and produces 99
Slide 6: Milestones FY 2005
Milestones FY 2005 Mar 2005 – 5 year 3 mill tonnes iron ore agreement signed with Cometals Apr 2005 – CVRB obtain 71.5% increase in iron ore price to FOB $40 tonne. Brazilians outsell Aussies due to magnetite having higher iron value, lower energy required May 2005 – CMSB obtain temporary environmen
Slide 7: Milestones FY 2005
Milestones FY 2005 Post 30 June 2005 July 2005 – 1.09 million tonnes of lithium chloride JORC calc inferred July 2005 – Pampa Tololo and Cerra Varilla tenements won at auction, with up to 64% magnetite at depths of 50 to 150 metres July 2005 – Philippines iron ore and Mistake Creek projects rejected
Slide 8: Key Personnel
Key Personnel Board of Directors Prof. J Ross Harper CBE – Chairman, Scottish Coal, legal background, London Anthony Dickson – Director, structured finance, legal, audit – residing in Chile part time Phillip Thomas – Managing Director, geology, chemistry, finance, marketing – located Sydney/Melbourn
Slide 9: Overview of Projects - Update
Overview of Projects - Update Cia Minera Santa Barbara – Iron Ore – 1.35 million tonnes per annum Environmental permit for 1.35 million tonnes granted Next EIS permit application for 4.0 million tonnes Belsarco awarded contract for iron ore extraction Development of three ports Huasco, Cal
Slide 10: Minera Santa Barbara
" MINERA SANTA BARBARA NCE 9 5 0
Slide 11: Cia Minera Santa Barbara Iron Ore Project
Cia Minera Santa Barbara Iron Ore Project Equity share - Admiralty Resources NL will have a 50% interest in the Cia Minera Santa Barbara iron ore mines on production. Acquisition was US$8.5m, A$1.5m shares, USD$10m working capital, priority repayment of loan Resource - 10 mines, with an inferr
Slide 12: Cia Minera Santa Barbara Iron Ore Project – The Resource
Cia Minera Santa Barbara Iron Ore Project The Resource Located in Northern Chile 7 kilometres south-west of Vallenar 55 km from the commercial port of Huasco, 65km from Punta Alcalde, 180km from Caldera The 10 mines cover an area in excess of 19 square kilometers. Key resources to be extract
Slide 13: Japonesa Tenement – 31 Million tonnes
Japonesa Tenement – 31 Million tonnes 13
Slide 14: Cia Minera Santa Barbara Iron Ore Project
Cia Minera Santa Barbara Iron Ore Project 14
Slide 15: Geomagnetics – high anomalies
Geomagnetics – high anomolies Japonesa has average grade 63% 15
Slide 16: Cia Minera Santa Barbara Iron Ore Project – The Resource (cont…)
Cia Minera Santa Barbara Iron Ore Project The Resource (cont…) 2. In situ iron ore - Alluvial and Hard Rock. The extraction and processing of the hard rock and alluvial iron ore deposits involves open cut earth excavation processes, with minimal overburden before the ore is processed in separators.
Slide 17: CMSB's Iron Ore Extraction Bidding's Objectives
CMSB’s IRON ORE EXTRACTION BIDDING’S OBJECTIVES • Outsourcing of all operation activities: extraction, movement and transport of mineral. • To find a strategic partner aligned with Santa Bárbara’s business plan. • To apply the best industry practice • To achieve the best price, with a high quality,
Slide 18: Layout of Japonesa Iron Ore Extraction
Layout of Japonesa Iron Ore Extraction 3 2 4.2 0 0 E 3 2 2.6 0 0 E 3 2 2.8 0 0 E 3 2 3.6 0 0 E 3 2 3.8 0 0 E 3 2 4.0 0 0 E 3 2 2 .2 0 0 E 3 2 2 .4 0 0 E 3 2 3 .0 0 0 E 3 2 3 .2 0 0 E 3 2 3 .4 0 0 E 3 2 2 .00 0 E 6.833.000 N 6.833.000 N N 6.832.800 N 6.832.800 N 6.832.600 N 6.832.600 N ÁRE A DE INTE
Slide 19: Invited Companies to Tender
Invited Companies to Tender TRANSPORT 21 Companies OPERATION AND TRANSPORT Zublin ( Alemana ) Transportes Tamarugal Iecsa Chile ( Argentina ) Transportes Golden B Trepsa ( Española ) Transportes Ponce y Licci Besalco Transportes Nico Ltda. Fe Grande Transportes Burrows Ingenier
Slide 20: Japonesa – Besalco Maquinarias S.A Estimate of Equipment Required
JAPONESA – BESALCO MAQUINARIAS S.A ESTIMATE OF EQUIPMENT REQUIRED MINE LA JAPONESA MATERIALS MOVEMENT SERVICE PLANT MINERAL TRANSPORTATION SERVICE TO HUASCO Equipment tendered: 13 TRUCKS WITH OF 33 TONS 13 TRUCKS WITH OF 30 TONS 2 TRUCK DRILL 2 WHEEL LOADERS VOLVO L-220 1 WATER TRUCK OF 28.000 LTS.
Slide 21: Project La Japonesa Equipment Required
PROJECT LA JAPONESA PLANT MINERAL TRANSPORTATION SERVICE TO PORT CALDERA Equipment Required: Human Resources: • 42 TRUCKS WITH 132 DRIVERS LOADING CAPACITY OF • ADMINISTRATORS 30 TONS • SUPERVISORS • LIGHT TRUCKS • EXPERT IN CONTROL OF • MAINTENANCE OF RISKS TRUCKS • SUPERVISOR OF MACHINERY • MECHAN
Slide 22: Conveyor design at Punta Alcade Port
Conveyor design at Punta Alcade Port 22
Slide 23: Loading design at Punta Alcade Port
Loading design at Punta Alcade Port 23
Slide 24: Rincon Salar - Argentina
Rincon Salar - Argentina Major, world-class, multi-element brine resource (Li, B. K, Mg, Na) located in the Salta Province of Argentina. The tenements cover an area in excess of 250 square kilometres. Key resources are lithium chloride, potassium chloride, potassium sulphate, sodium sulphate,
Slide 25: Rincon Salar - Argentina – The Resource
Rincon Salar - Argentina The Resource The Rincon Project is located in north-western Argentina near the Chilean border. It is a hyper saline lake, brine enriched in lithium, magnesium, potash, and boron, with three rivers providing subterranean waters flowing into the salar. The project is sit
Slide 26: Rincon Salar - Lithium Concentrations from drill hole data
Rincon Salar - Argentina Lithium Concentrations from drill hole data 26
Slide 27: Rincon Salar - The Lithium Extraction Process
Rincon Salar - Argentina The Lithium Extraction Process 27
Slide 28: Boric Acid - Ulexite
Boric Acid - Ulexite . 28 “@> pDMIRALTY RESOURCES
Slide 29: Rincon Salar - Markets
Rincon Salar - Argentina Markets Lithium Chloride The major market for lithium compounds (Lithium Chloride) is the USA followed by China, Taiwan and Japan, then Europe. Uses include batteries, anti-static fabric treatments, welding fluxes to diagnostics in DNA biology etc. Lithium Carbonate Pric
Slide 30: Bulman – Northern Territory
Bulman – Northern Territory Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia's Northern Territory. In the 1950’s CRA estimated there was 375,000 tonnes @ 15% Zn and 2% Pb of mainly oxide material. The Bulman Leases and five nearby Zn-Pb occurrences historicall
Slide 31: Pyke Hill
Pyke Hill Option Granted to Cougar Metals NL – 21 months $100,000, 40 cents a tonne royalty if they mines Cougar Metals sell Pyke Hill and Toomey Hill to Minara Resources NL for $5.25m Richfile in administration that owns 50% of Pyke Hill objects to sale and Queensland Supreme Court nullify sa
Slide 32: Funding - 2005 - 2007
Funding - 2005 - 2007 Feb 2005 - A$10m raised by $20m placement of converting notes May 2005 – MTM Holdings/Leveraged Equities advise they will convert 87.5m options at 10c over next six months (A$8.75m) June 2005 – A$2.5m raised by converting 25 million options at 10c Aug 2005 – A$2.5m raised by co
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