Andromeda Metals Limited · ASX:ADN

Andromeda Metals — Adelaide Resources — Investor Presentation (November 2004)

35 slides from Andromeda Metals's investor presentation, Nov 24, 2004

  1. Slide 1: Adelaide Resources: Providing shareholders with discovery opportunities

    Keith Yates . John Horan Chris Drown

  2. Slide 2: ASX Code: ADN

    * ASX Code: ADN * Shares issued vgn _ Chris Drown — Exploration Manager Keith Yates ~ Executive Chairman John Horan ~ Director Dr Kevin Wills — Director

  3. Slide 3: Performance Indicators

    4+ Performance Indicators 2AM NOMAMAANAMNS ISSA DLA SDDS ND ASD SADNESS ASD DISIAMINUNNS MDS DALENNAU RDNA SIS Agglaide Resources Limited § (mullion) Joint Venture: Adelaide Resources Limited Expenditure (§ million) 9198 8899 e808 80.8 x 1000 metres 4g RC | Diamond Drilling RAB / Alrcore (metres) Or

  4. Slide 4: Adelaide Resources

    Adelaide Resources Adelaide Exploration Warramboo Anabama Eyre Peninsula Newmont earning 51% Phelps Dodge/Red Metal earning 70% Mount Woods South Perilya 50:50 Barton Inco earning 60% Coiona lluka earning 51%

  5. Slide 5: Broker

    9000 6000 3000, 99-00 60-01 01-02 62-03 03-04 98-99 06-01 02.03. 98-99 99-00 €0-01 01-02 02-03 03-04 Broker

  6. Slide 6: Moonta-Wallaroo (Copper-Gold)

    MOONTA-WALLAROO (Copper-Gold Olympic Copper-Gold Province a Central Gawler Gold Province

  7. Slide 7: Slide 7

  8. Slide 8: With Newmont

    With Newmont Australia Limited (spending $5M to earn 51%)

  9. Slide 9: Sole risk arrangements

    * Sole risk arrangements

  10. Slide 10: Eyre Peninsula Joint Venture

    4+ Eyre Peninsula Joint Venture Adelaide Resources Limited Gold in caicrete image Over 15,000 calcrete Samples have been collected on the Eyre Peninsula _ WUDINNA GOLD DISTRICT 65 x 25 km

  11. Slide 11: Eyre Peninsula Joint Venture

  12. Slide 12: CoG!

    24/2.33 4910.45. CoG! | RC drilihole RAB drillhole 28/ asa 28 metres at 0.83 g/t gold

  13. Slide 13: GTC

    GTC | RC drilihole RAB drillhole " “BE «4 metres at 2.57 git gold

  14. Slide 14: inate

    inate

  15. Slide 15: With Phelps Dodge Australia / Red Metal

    A Ty With Phelps Dodge Australia, Inc! Red Metal Limited (spending $4M to earn 70%)

  16. Slide 16: Moonta-Wallaroo Joint Venture

    Moonta-Wallaroo Joint Venture SSSA SASS DMD SSAA SEIS NNSSNAED SS SOSA SSAA SNC ANS Se OS SADS SEASONING SOH DSDNA ISDS SAANENINS SIDA ORO ROSNI Adelaide Resources Limited — 5 Kilometres

  17. Slide 17: With Inco Resources (Australia)

    Lh esi a Li a oe Le LC Le With Inco Resources (Australia) Pty Limited (spending $2.3M to earn 60%)

  18. Slide 18: EL 2840

    ; ie EL 2840 1844 sq km Ince Resources option

  19. Slide 19: Barton Joint Venture

    _ Adelaide Resources Limited a A ae -

  20. Slide 20: Barton Joint Venture

  21. Slide 21: With Iluka Resources Limited

    With Iluka Resources Limited (spending $1.0M to earn 51%)

  22. Slide 22: Jacinth Discovery

    EL 2840 JACINTH DISCOVERY [on Tenements subject to Colona JV with Iluka (5250 sq. km.) ELA 727/04 Iluka Tenements (Iluka)

  23. Slide 23: Alternatively ARL may revert to a 30% interest

    * Alternatively ARL may revert to a 30% interest carried to completion of a positive BFS

  24. Slide 24: Zircon production initiatives to meet market opportunity gap

    zircon production initiatives to meet market opportunity gap Zirconia Chemicals Investment Casting TV Glass (courtesy Hluka Resources) Presentation

  25. Slide 25: anil

    anil Ae I alli| Hit = = & o c eS 2 oo Hi | Ile a | | i | | i | | (courtesy fluka Resources) © re

  26. Slide 26: Jacinth Prospect — Location

    Jacinth Prospect — Location . dacinth Prospect Line 5776 EUCLA BASIN EL2900 ILUKA Resources Ltd Jacinth is the name of a variety of gem zircon Legend Tenements Mineralised Zone[[] lluka Granted Line 5776 lluka Application * Drill Hole lluka & Adelaide JV (courtesy lluka Resources)

  27. Slide 27: Jacinth Prospect — Section

    Jacinth Prospect — Section @ 10% heavy mineral, averages 52% zircon, /% rutile, 24% ilmenite e Mineral assemblage similar to Eneabba in its heyday Heavy Mineral Contours — Laborato’ || >1% HM a > 3%HM > 20% HM (courtesy fluka Resources) ©

  28. Slide 28: Heavy mineral province comparison

    Province Company %HM %Zircon, %Rutile | Yilmenite| USS/t conc!) Stradbroke Is lluka 0.8% 11% 13% 44% ~150 Murray Basin () ltuka 10.5% 10% 11% 49% ~140 Murray Basin ©) Bemax 2.8% 10% 18% 53% ~170 Murray Basin | Southern Ti 3.2% 19% 11% 66% ~190 WA mid-west (© Iuka 5.3% 12% 7% 51% ~130 WA south-west (

  29. Slide 29: Gingin Deposit

    Gingin Deposit Gingin Mundijon: Deposit Waroona North. Mine Site Waroona \ South ; Mine Site Bunbury é Yoganu; f Nowth Mine Site Yoganup Extended North Mine Site Yoganuy Mino Si le SW Western Australia Wootcunda Jacks Tank {Spring Hil Massie ° e N Birthday, anya “Git® ® Doubloon © iidta es conesal >

  30. Slide 30: Jacinth Discovery

    acinth Discovery —-— Application Date Total No. Tenements Total Area km2 2001 1 1,889 2002 4,351 2003* 8,117 2003 23,971 2004 47,961 300 Kilometres EUCLA BASIN Port Lincoln

  31. Slide 31: Eastern Eucla Basin potential as heavy-mineral sand province

    “The eastern Eucla Basin of South Australia has potential as a world- class heavy-mineral sand province.” (Hou et. al. 2003) JACINTH DISCOVERY | Drillhole

  32. Slide 32: Jacinth Discovery

    JACINTH DISCOVERY |. Shultle Radar’ opography Mission (SRTM) data image

  33. Slide 33: (courtesy fluka Resources) ©

    (courtesy fluka Resources) ©

  34. Slide 34: Promise for new province

    romise Tor new province

  35. Slide 35: i iin

    i iin AAAS

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