Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Paydirt Uranium Conference 2007
27 slides from Andromeda Metals's conference presentation, Mar 22, 2007
Slide 1: Adelaide Resources Limited
Adelaide Resources Limited Speaker: Chris Drown serine wih Torbernite Adelaide Resources Limited
Slide 2: Vital Statistics
& Adelaide Rtietted Vital Statistics Board members left to right: John den Dryver — Director Keith Yates — Executive Chairman Chris Drown — Exploration Director * Market capitalisation: John Horan — Director ~$36 million (47 cents) Paul Dowd — Director “es 12 month trading: 32 to 64 cents
Slide 3: Profile
Adelaide Resources Limited Profile South Australian based diversified mineral explorer listed since 1996 Experienced Board and Management - well funded Exciting mineral sands discovery in late 2005 Range of projects - gold-copper, uranium, iron ore - at promising stages Strong 2007 focus on uranium
Slide 4: Project map
Adelaide Resources Limited Rover - Gold/Copper | Colona — Mineral sands Barton - Nickel P _ New soul Eyre Peninsula ~ Gold : : Anabama Copper ® foonta —Copper/Gold/Uranium
Slide 5: Adelaide Resources Limited location map
& Adelaide Resources Limited a AUSTRALIA OLD WA A
Slide 6: Eyre Peninsula - Ownership and Recent Drill Targets
Adelaide : “Cimited EP - Ownership and Recent Drill Targets EYRE. PENINSULA URANIUM _ PROIECT Drilling on three 100% owned basement uranium prospects recently completed e Feb/Mar 2007 Uranium drill torget Adolaide Resources 100% Basement - Adres 100% Cover ~ Quasar earning 60% Quasar earning &
Slide 7: Adelaide
Adelaide Resources Limited
Slide 8: Eyre Peninsula Project
Adelaide Resources Limited Eyre Peninsula Project
Slide 9: 2004 Survey
i Adelaide “Timited — 2004 Survey
Slide 10: Ulysses
Adelaide Resources Limited Ulysses
Slide 11: Adelaide
Adelaide Resources Limited
Slide 12: Ulysses Prospect
Adelaide Resources Limited no ULYSSES PROSPECT @ No assays received ULY-1120 5m @ 165ppm U,0, ULY-1107 1m @ 330ppm U,0, ULY-1062 1m @ 248ppm U,O, ULY-1109 3m @ 149ppm U,O,
Slide 13: We ee
Adelaide Resources Limited oo : us a a oo We ee ae a
Slide 14: Ulysses Cross section
& Adelaide Resources Limited Ulysses Cross section Oxidised Secondary 4m @ 63ppm UO, Downhole Gamma uranium plume 4m @ 330ppm U,0, Counts 1m @ 248ppm U,0,
Slide 15: Ulysses Prospect - Significance
& Adelaide Resources vimited Ulysses Prospect - Significance Uranium at strongly anomalous levels demanding further exploration drilling. First known basement U occurrence on northern EP. Mineralisation interpreted to be secondary — strong association with redox boundary in weathered profile. Possib
Slide 16: oe Ai
Adelaide Resources Limited oe Ai SIs ge ll age i evo High CONFERENCE
Slide 17: Eyre Peninsula Uranium Joint Venture
& Adelaide Resources Timited Eyre Peninsula Uranium Joint Venture (7) Patater | 5277 km? — Total JV Area ‘Fevliary Palasocnannel | Pega Rie Mere hi Ko | 3065 km? — Basement rights Hasek od Cont i Sow old prongs i ‘chattengor Olvmple . o Tanke : YANINEE
Slide 18: Palaeochannel uranium prospect
Adelaide Resources Limited Palaeochannel uranium prospect .
Slide 19: Who is Quasar/Heathgate?
& Adelaide Resources Limited ae thie. ie Who is Quasar/Heathgate? Quasar Resources Pty Ltd is an affiliate of Heathgate Resources. Heathgate Resources Pty Ltd is an affiliate of General Atomics, a substantial private company based in San Diego USA. Heathgate Resources is based in South Australia and
Slide 20: The Quasar (Heathgate) Deal
& Adelaide Resources Limited The Quasar (Heathgate) Deal + Joint venture applies to cover sediments over 5277 sq km. + Basement rights over 3065 sq km to Quasar — Adelaide retains basement mineral rights to other areas. * Quasar to spend $3 million over four years to earn 60% interest. * Minimum exp
Slide 21: Narlaby Palaeochannel
Adelaide Resources Timited Narlaby Palaeochannel NARLABY _ PALAEOVALLEY SHD CONTOURS ON WEATHERED PRECAMBRIAN BASEMENT Centaurs aso? on EC Beplorattan sorts. ksi PHESA Envaaio-eot TTR. at Lang AGG Rintenoneintoe lig ILE Repladstion Suputeee tor Acinic Rewmawcon Limiter? dotp 2008 ‘eae mc
Slide 22: Gamma profile
& Adelaide Resources Limited RBIGED Gamma profile mg
Slide 23: Yorke Peninsula Uranium
& Adelaide Resources Limited Yorke Peninsula Uranium theway wewere Selected items from The : Advertiser, published during the past 100 years. Compiled by CHRIS BRICE. — The Advertiser 1806 (September 5) AT A meeting of the Royal Society ‘held. on. Tuesday evening several papers: were read. which, th
Slide 24: Yorke Peninsula Uranium
Adelaide Resources Limited Yorke Peninsula Uranium Moonta Mines ~ (meta) Torbernite Cu(UO,).(PO,),.10H,O
Slide 25: PIRSA Core Library drillholes
& Adelaide “timed PIRSA Core Library drillholes
Slide 26: Uranium Search Summary
& Adelaide Resources Limited Uranium Search Summary Significant escalation in uranium exploration happening. Over $1 million to be spent in 2007. Drilling just completed at three 100% owned bedrock uranium targets delivers promising early results deserving follow-up drilling. Major joint venture wit
Slide 27: Aggressive uranium search in substantial South Australian areas
& Adelaide Resources Limited Aggressive uranium search in substantial South Australian areas Providing shareholders with discovery opportunities!