Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (December 2009)
26 slides from Andromeda Metals's investor presentation, Dec 14, 2009
Slide 1: Company Update December 2009
For personal use only COMPANY UPDATE December 2009 Chris Drown MANAGING DIRECTOR Adelaide Resources Limited “Creating Wealth through Discovery”
Slide 2: Compliance Statements
Compliance Statements Disclaimer For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and
Slide 3: 12 Month Summary
12 Month Summary For personal use only • Gold-copper focused explorer • 2009 exploration effort rewarded with significant intersections at the 100% owned Rover Project in Northern Territory • Solid cash position of ~$10 million allowing significantly increased effort at Rover in late 2009 and 2010 •
Slide 4: Project locations and 2009 action
Project locations and 2009 action For personal use only THE MAIN GAME Project Locations ROVER GLENROY Gold/Copper Gold EYRE PENINSULA New Northern Queensland project Gold/Uranium/Copper Territory Seeking JV South ANABAMA Australia Copper/Gold CORROBINNIE Uranium Recent drilling MOONTA Victoria YALAN
Slide 5: Tennant Creek Goldfield
Tennant Creek Goldfield For personal use only Gold first mined early 1930’s. Production to date 5.5 Moz gold, 487,000 T copper Ironstone Hosted Ironstone outcrop - Warrego Road “Creating Wealth through Discovery” December 2009 – Company Update 5
Slide 6: Why Tennant Creek / Rover?
Why Tennant Creek / Rover? For personal use only Past Tennant Creek mines – often exceptional gold grades Mine Tonnes Au (g/t) Au (oz) Cu % Cu (t) Warrego 6,750,000 6.6 1,475,000 2.6 174,000 Peko 3,676,000 3.5 414,000 4.0 147,000 Gecko 2,930,000 0.6 150,000 3.6 119,000 Orlando 736,000 7.9 187,000 3.
Slide 7: Rover Project
Rover Project For personal use only Warrego Gecko 300 km White Devil Darwin Katherine Cambrian Wiso Basin Tennant Creek Field Tennant Creek Chariot Tennant Creek Peko Juno Nobles Project Area Nob Stuart High NORTHERN Alice Springs WA TERRITORY QLD Tennant Creek Block way SA Rover Field ELA 27292 His
Slide 8: Acquisition terms
Acquisition terms Project acquired from Newmont in 2005 For personal use only • Acquired 100% ownership of 3 tenements - 287 sq. km. • Commitment to spend $400,000 on exploration in 18 months (satisfied Dec 05) • Either a royalty or a buy back right - NSR royalty of 1.5% to 2.5% (on-sold to Franco-N
Slide 9: Anatomy of a typical Tennant Creek deposit – Juno
Anatomy of a typical Tennant Creek deposit – Juno For personal use only Peko’s dolomite - talc - magnetite “Company Maker” Depth 200 – massive magnetite - chlorite - gold 452,000 T @ 56.1g/t Au 250 – 815,000oz magnetite - chlorite stringer Max. ore dimensions 300 – Strike: 70m chlorite alteration pi
Slide 10: ADN controls most of the confirmed Rover Field
ADN controls most of the confirmed Rover Field For personal use only Currently confirmed extent of Rover Field “Creating Wealth through Discovery” December 2009 – Company Update 10
Slide 11: Rover Project – A field not a prospect
Rover Project – A field not a prospect For personal use only “Creating Wealth through Discovery” December 2009 – Company Update 11
Slide 12: Rover prospect – Exciting new results
Rover 4 prospect – Exciting new results For personal use only 360200mE 360400mE 360600mE R4ARD26 R4ARD28 R4ARD25 EL 7739 EL 25512 R4ARD21 46m @ 1.24% Cu R4ARD27 100 metres (10m @ 2.31% Cu) 2009 drillhole Previous drillhole 7790000mN 48m @ 0.58g/t Au R4ARD20 9m @ 1.57% Cu, and 1.09g/t Au 4m @ 3.55g/t
Slide 13: Rover prospect cross section
Rover 4 prospect S R4ARD25 N R4ARD21 For personal use only R4ARD24 R4ARD27 R4ARD26 Cross section Sampling and assaying in progress showing recently Cover sediments drilled holes 100 Warramunga Formation 25m @ 1.05%Cu 200 (Complex alteration) ? 46m @ 1.24%Cu (Magnetite ironstone) Magnetite ironstone
Slide 14: Rover prospect – R4ARD21 drill core
Rover 4 prospect – R4ARD21 drill core For personal use only Chalcopyrite (copper sulphide) Magnetite “Creating Wealth through Discovery” December 2009 – Company Update 14
Slide 15: Rover prospect
Rover 1 prospect For personal use only 359000mE 359500mE Section 359190mE EL 7739 - R1ARD30 Adelaide Resources EL 24541 - Westgold Resources 300 metres Magnetic Image “Creating Wealth through Discovery” December 2009 – Company Update 15
Slide 16: R1ARD30 section 360190mE
EL 24541 - EL 7739 - S N Rover 1 Westgold Resources Adelaide Resources Tenement boundary Section 360190mE R1ARD30 300 For personal use only R1ARD30 intersects metres below 50 metres surface significant copper in 18m @ 2.6%Cu, Ironstone 55m @ 3.36%Cu, vertically extensive 0.2g/t Au 0.16g/t Au magneti
Slide 17: R1ARD30 – Rover
R1ARD30 – Rover 1 For personal use only “Creating Wealth through Discovery” December 2009 – Company Update 17
Slide 18: Rover Summary
Rover Summary For personal use only • One of Australia’s best gold-copper exploration destinations • Prospective for bonanza grade gold deposits • Exciting recent results at Rover 4 and Rover 1 • Confirmed Rover 1 mineralisation extends into ADN EL • Follow-up drilling underway • Aggressive forward
Slide 19: Other Projects
Other Projects For personal use only THE MAIN GAME Project Locations ROVER GLENROY Gold/Copper Gold EYRE PENINSULA New Northern Queensland project Gold/Uranium/Copper Territory Seeking JV South ANABAMA Australia Copper/Gold CORROBINNIE Uranium Recent drilling MOONTA Victoria YALANDA CLEVE Copper/Gol
Slide 20: Moonta – South Aussie copper-gold exploration hotspot
Moonta – South Aussie copper-gold exploration hotspot For personal use only • ADN tenement ADN >800 sq km Tenement Moonta • Captures historic “Copper Triangle” copper-gold mining Rex Minerals district Tenements • Searching for gold-rich copper- Hillside gold deposits Prospect • Region is delivering
Slide 21: Moonta – Gold-copper anomalies
Moonta – Gold-copper anomalies For personal use only Anomaly 3 Moonta Project EL 3733 EL 3733 Moonta Porphyry Joint Venture area Anomaly 43 Gold/Copper Anomaly Wharf Willamulka Wallaroo Kadina Paskeville Paskeville Anomaly 69 Anomaly 72 Moonta Yelta Cunliffe Melton Agery 5 kilometres “Creating Wealt
Slide 22: Comparison with the neighbours
Comparison with the neighbours Comparison with the neighbours For personal use only Price Market Pro-forma cash and Implied Issued shares value of Company (COB Capitalisation other liquids incl. (diluted for ITM Tenements 10.12.09) (million) options - million options) - million (million) ADN 111.2 $
Slide 23: Likely News Flow
Likely News Flow For personal use only • Remaining assays from drill hole R1ARD30 • Assays from 4 mineralised Rover 4 drill holes • Assays from two new Rover 1 drill holes • Uranium assays from recent Corrobinnie Uranium JV drilling program • Moonta exploration results • Recommencement of Rover dril
Slide 24: Summary
Summary For personal use only • Adelaide Resources has a clear focus on gold and copper - uranium an important secondary target • Exploration results from Rover highly encouraging warranting an aggressive exploration effort in 2010 • Pipeline of other excellent exploration properties • Financial cap
Slide 25: The People
TheThe People People For personal use only Board members left to right: John den Dryver – Mining Engineer Director, 30+ years experience Keith Yates – Geologist Director, 40+ years experience Chris Drown – Geologist Managing Director, 20+ years experience John Horan – Accountant Director, 40+ years
Slide 26: Corporate Profile
Corporate Profile For personal use only Listed on ASX (1996) ADN Shares issued 111.2 million Adelaide Unlisted Options Resources 4.0 million Li Cash ~$10.1 million Shareholders ~2465 Top 20 holders 30.6% Tidewater 10.7% Major holders K Yates 5.2% 12 month trading 4 to 39.5 cents Market cap $35.0M (3
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