Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Investor Presentation (December 2005)
20 slides from Andromeda Metals's investor presentation, Dec 13, 2005
Slide 1: May05 June05 July05 Sept0s Oct05
May05 June05 July05 Sept0s Oct05
Slide 2: Company Profile
Company Profile * ASX Code: ADN * Shares issued: 65.53 million Cash: $3.3 million Shareholders: ~1315 Major Shareholders: Troy Resources NL (14.5%) Keith Yates (8.9%) 12 month trading: 19 to 69 cents Market capitalisation: $43.2 million (66 cents) Board members left to right: John den Dryver -— Dire
Slide 3: Exploration Activity
Exploration Activity [BE Joint Venture Exploration ~~ ©) Adelaide Resources Expenditure ($ million) 96-97 97-98 98-99 99-00 00-01 04-02 02-03 03-04 04-05 @ RC/Diamond _ 88 RAB/Aircore ! Drilling (metres) 96-97 97-98 98-99 99-00 00-01 01-02 02-03 03-04 04-05
Slide 4: Project Locations
Project Locations Warramboo ~ /ron Ore
Slide 5: With Iluka Resources Limited
we With Iluka Resources Limited (spending $1.0M to earn 51%)
Slide 6: Eucla Basin Tenements
Eucla Basin Tenements EUCLA BASIN a Jans Australia Railway -—.~ a Adelaide Resources Tenements subject to Colona JV with Iluka (5250 sq. km.) Iluka Tenements
Slide 7: Adelaide Resources Limited
Adelaide Resources Limited Ambrosia Jdacinth TRIPITAKA Trans Ausvallan Raitway
Slide 8: (luka Resources)
ae ea i (luka Resources) — ion uy 0 =) © o ° a - 6 E4 6 ety Tripi e Resources) (EL 3316 ie (Adela
Slide 9: Tripitaka - Section 5084SE - Looking North
7 Adelaide Resources Limited Tripitaka - Section 5084SE - Looking Nort TRIPITAKA EL 3316 Golona Joint Venture traverse 5084SE 200m 215m 15m @ 2.9%HM 18m @ 3.8%HM incl 4.5 @ 6.0%HM
Slide 10: Significant Intersections (>1% HM) Line 5084SE
7 Adelaide Significant Intersections (>1% HM) Line 5084SE Resources Limited %Clay Hole (-53 microns} YEOQS65 . : 9.6 YEO671 . : 13.0 YEO564 ; ; q 123 YEO670 ; - . 13.8 YEQ563 ; - . 16.6 YEO669 ; - - 24.7 YEOS/0 ; 5 - - 33.2 YEO668 : . - 25.2 YEO667 . ; . 16.3 YEQS72 . . 11.4 YEO665 . . 11.0 __YE0S66
Slide 11: Tripitaka - Section 5085SE - Looking North
esas Tripitaka - Section 5085SE - Looking North Limited TRIPITAKA Hluka Colona Resources | Joint Venture 1000m EL3283. EL3316 traverse 5085SE : OP rI%HM 21m @ 5.6%HM. GB 3H incl 3:-@ 15.4%HM ee 15.5m @ 4.9%HM incl 3 @ 13.4%HM wom 0% HM — 200m
Slide 12: Significant Intersections (>1% HM) Line 5085SE
7 Adelaide Significant Intersections (>1% HM) Line 5085SE Resources Limited %Clay Hole (-53 microns) YEO656 . . . 3.6 YE0617 . . . 2.2 YE0655 : : . 12.2 YEO616 . . . 11.8 YE0623 . . . 10.6 YE0615 . . . 10.2 YE0624 : : ; 16.0 YE0614 . ! . 19.8 YEOQ654 : ; . 15.2 YE0613 . ; . 16.8 YE0653 ; . 17.3 YEO6
Slide 13: Comparison of heavy mineral provinces and basket values
USSit USS/t in HM conc®) — ground Stradbroke Is ® | Iluka 162 1.46 Murray Basin | lluka 151 15.97 Murray Basin | Bemax 185 5.19 Murray Basin © | Aust. Zircon 217 7.00 WA mid-west ( | Iluka 144 7.34 WA south-west ) Iluka 122 9.62 WA south-west {2} Bemax 120 10.80 WA south-west {4} Olympia Res. 147 4.
Slide 14: Tripitaka - Effect of Grade Variation
Tripitaka - Effect of Grade Variation USS$it in Province Company %Rutile | %llmenite ground Eucla Basin | lluka/Adelaide Res. T% 17% 13.44 T% 17% 15.68 T% 17% 17.92 T% 17% 22.41 : Commodit: US$/tonne Assumes that the rutile content unacd Zircon $620 (yet to be determined for Tripitaka) Rone $450 wil
Slide 15: What if Jacinth and Ambrosia were gold deposits?
What if Jacinth and Ambrosia were gold deposits? Using a gold price of US$470/oz the combined resources of Jacinth and Ambrosia would be equivalent to a 6.7Moz gold deposit. i.e. 162MT @ 1.3g/t Au And this in deposits that are very close to surface and can be mined witha garden spade!
Slide 16: Zircon uses
Zircon uses Refractory 14% Foundry 14% TV Glass 8% Zirconia & Zr Chemicals 12% Other 2% Ceramics 50% (courtesy lluka Resources)
Slide 17: Zircon producers market share
Adelaide Resources Limited RBM 20% lluka 38% Ticor 11% Namakwa 10% DuPont 5% Others 16% (courtesy lluka Resources)
Slide 18: CL oo
* oy CL 7 oo — Oey La Late Satie a a . Le ve a ee eer Le Do a 7 7 ae Z : Ly pee as I c 7 ye Lg ES nn PES ay < - — (courtesy lluka Resources)
Slide 19: Tripitaka Summary
Tripitaka Summary Discovery announced 11 November 2005 Further results announced 12 December 2005 Significant heavy mineral content (up to 5.6%) Approximately 2 km x 1km As shallow as 1.5m Zircon rich (63-68% of HM assemblage) Good location - pastoral lease Early 2006 resource drilling
Slide 20: Providing shareholders with discovery opportunities!
Providing shareholders with discovery opportunities! ADN Shareprice Od, : : oO . : ‘ 2) May05 June05 July: Aug05 Sep t05 Oct05 Novos
Andromeda Metals — Investor Presentation (December 2005) on 6ix