Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Non-Deal Roadshow (December 2011)
45 slides from Admiralty Resources NL's roadshow presentation, Dec 16, 2011
Slide 1: ASX Announcement: Investor Presentation for New York Roadshow
ASX ANNOUNCEMENT Date: 16 December 2011 Investor Presentation for New York Roadshow For personal use only The enclosed investor presentation will be used by Mr. Stephen Prior, Managing Director of Admiralty Resources NL (ASX:ADY) (“Admiralty”), during the investor roadshow in New York today, followi
Slide 2: Admiralty Resources NL Investor Presentation
ADMIRALTY RESOURCES NL Seen i peeled Investor Presentation , - Tae ee =< <8 #3 —_ Sa = - “ « Sa ; ~ : ee Ss ae ; Pe: — a: <7. ADMIRALTY RESOURCES om,
Slide 3: Forward Looking Statements
Forward Looking Statements For personal use only www.ady.com.au The information in this presentation is published to provide information about Admiralty Resources NL (“Admiralty” or “ADY”) and its subsidiaries. All reasonable effort has been made to provide accurate information, but Admiralty makes
Slide 4: Agenda
For personal use only Agenda Introduction to Admiralty Resources NL 1 2 3 4 Projects Business Case Appendix walkthrough
Slide 5: Strategy and Objectives
Strategy and Objectives For personal use only STRATEGY: Explore and develop our iron ore project in Chile. In pursuit of this strategy, the Company's immediate objectives are to: establish structured and focussed exploration programmes targeting known anomalous areas, at Pampa Tololo (north of Valle
Slide 6: Projects Overview
Projects Overview For personal use only Mineral interests in 2 countries: Australia and Chile Australia Bulman - Lead and zinc Pyke Hill - Cobalt and nickel
Slide 7: Projects Overview (Continued)
Projects Overview (Continued) For personal use only Mineral interests in 2 countries: Australia and Chile Chile 3rd Region (Atacama) Harper South and Pampa Tololo – Iron Ore
Slide 8: Projects Overview (Continued)
Projects Overview (Continued) For personal use only Flagship project: Admiralty Minerals Chile Pty Ltd Agencia en Chile Harper South Mariposa, La Chulula, Soberana, Negrita, 6 targets: Mal Pelo and La Vaca Mariposa 168m tonnes of mainly indicated resources (JORC compliant) Engineering mine plan for
Slide 9: Projects Overview (Continued)
Projects Overview (Continued) For personal use only www.ady.com.au Flagship Admiralty Minerals Chile Pty Ltd project: Agencia en Chile Pampa Tololo 4 targets: Cochrane, O’Brien, Simpson, Tolita 3,455 hectares, neighbouring Los Colorados mine, owned by Compañía Minera del Pacífico, Chile’s largest ir
Slide 10: Comparison with peers
Comparison with peers For personal use only www.ady.com.au Main iron projects Land Mineral Stage Cash on Market resources1 hand2 cap3 Admiralty • Harper South 6,600 Ha 168 mt Exploration / $5m $29.1m Resources • Pampa Tololo Chile Scoping Study (ADY) Latin • Guadalupito 131,000 Ha Not defined Explor
Slide 11: Cash Position
Cash Position For personal use only www.ady.com.au 30 June 30 June Percentage 30 September 2011 2011 2010 variance Cash on hand 4,300,000 5,033,000 1,261,000 ↑ by 299% Liabilities / Debt Nil Nil Nil - Cash inflows1 Nil 1,972,0002 2,882,0003 ↓ by 32% Quarterly cash 727,000 591,000 1,732,000 ↓ by 66%
Slide 12: Share Price
Share Price For personal use only www.ady.com.au 9 8 7 AUD cents 6 5 15/12/2010 4 capital reconstruction 3 2 1 0
Slide 13: Agenda
For personal use only Agenda Business Case 1 2 3 4 Introduction to Projects Appendix Admiralty Walkthrough Resources NL
Slide 14: Iron Oxide – Magnetite versus Hematite
Iron Oxide – Magnetite versus Hematite For personal use only Iron is the fourth most abundant element on the Earth’s crust; It takes about 1.5 tonnes of iron and 0.5 tonne of coke to produce a tonne of pig iron, the raw material that comes out of a blast furnace; Hematite and Magnetite are the most
Slide 15: Magnetite – An Advantage Edge
Magnetite – An Advantage Edge For personal use only www.ady.com.au Magnetite projects are capable of producing high grade concentrates up to 68-69% Fe, which: have a higher Fe grade than many hematite iron deposits; have lower impurities; and attract a price premium on the market. Hematite iron is g
Slide 16: Iron Ore Pricing
Iron Ore Pricing For personal use only www.ady.com.au Platts IODEX 62 Fe% CFR North China The World Steel Association (June 2, 2008 to November 4, 2011 forecasts: Steel use will grow by 6% in 2011 and 2012; and Consumption of iron will near a record of 1.5b tonnes in 2012. Date Commodity1 $/dmt2 Dec
Slide 17: Agenda
For personal use only Agenda Project Walkthrough 1 2 3 4 Introduction to Business Case Appendix Admiralty Resources NL
Slide 18: Structure of Operations - Chile
Structure of Operations - Chile For personal use only Board of Directors Stephen C. Prior Claudio Ferrada Admiralty Resources NL Managing Director Agent of AMC* PROJECT DEVELOPMENT LEGAL AND ACCOUNTING • External Exploration Counsel: • Legal Counsel: Goldberg Resources Noguera, Larraín, Dulanto y Ci
Slide 19: Location: Chilean Iron Ore Belt
Location: For personal use only Chilean Iron Ore Belt www.ady.com.au Note: Map is for illustration purposes and it is not to scale www.ady.com.au
Slide 20: Existing Infrastructure
Existing Infrastructure For personal use only www.ady.com.au 6,800 hectares in the Chilean iron belt with internal roads network and no high mountain formations 46 km from the port of Huasco 7 km from the railway line owned by Ferronor S.A. and 3 km from the Pan American highway, with direct access
Slide 21: Admiralty's Mineral Tenure in Chile
Admiralty’s For personal use only Mineral It covers 6,600 Ha and Tenure in is composed of the following groups: Chile Pampa Tololo (3,455 Ha) Harper South (2,498 Ha) Leo Sur (647 Ha) www.ady.com.au
Slide 22: Harper South
Harper South For personal use only www.ady.com.au Most of the geological work produced to date has been within the Harper South concessions A review of the geological information available to date by Goldberg Resources has identified six ore bodies: Mariposa, La Chulula, Negrita, Soberana, La Vaca a
Slide 23: Mariposa (Harper South)
Mariposa (Harper South) For personal use only www.ady.com.au Drilling data available consists of a total of 5,588 m of drillings, distributed in 33 drill holes OBJECTIVES: 1. Increase of mineral resources / upgrade of existing resources to reserves Investment required: US$2m US$600k for the engineer
Slide 24: Mariposa Deliveries (Harper South)
Mariposa Deliveries (Harper South) For personal use only www.ady.com.au Review of available data gathered Figure 1: in the past 3D aerial view of High - Topography Mariposa’s topography. resolution - Lithology ground -Metallurgical magnetic testing surveys 3,000m diamond drilling programme Figure 2:
Slide 25: Mariposa High Resolution Ground Magnetic Survey
Mariposa High Resolution Ground Magnetic Survey (Harper For personal use only South) www.ady.com.au 3D view of the identified targets A 37 lines high resolution ground magnetic survey was undertaken by Quantec Geoscience Chile in September 2011; Mariposa was identified as a complex oval shape with t
Slide 26: Mariposa Drilling Programme Factsheet
Mariposa For personal use only Drilling Programme Factsheet (Harper South) www.ady.com.au Commencement 19 November 2011, expected to be completed in February 2012. date: Drilling Superex S.A., a respected drilling contractor: company with experience working in projects in Chile for Anglo American an
Slide 27: Mariposa Drilling Programme Factsheet
Mariposa Drilling Programme Factsheet (Harper South) For personal use only www.ady.com.au Area 12 hectares (120,000 m2), about extension: 200m in the East/West direction and 600m in the North/South direction. Number of holes: 10 drill holes with a depth 3D view of topography, distribution between 25
Slide 28: Harper South – Other Targets Deliveries
Harper South – For personal use only Other Targets Deliveries High resolution ground magnetic surveys in La Chulula COMPLETED High resolution ground magnetic surveys Negrita, Soberana, Mal Pelo and La Vaca AWAITING RESULTS Construction of sample room and office camp UNDERWAY Reverse circulation dril
Slide 29: La Chulula High Resolution Ground Magnetic Survey
La Chulula High Resolution Ground Magnetic Survey (Harper South) For personal use only www.ady.com.au This is the most important target in relation to size/susceptibility. 3D view of the identified targets A north/south vertical body, with dimensions of 250 x 750m, located near the surface, with dep
Slide 30: Chile - Pampa Tololo
Chile - Pampa Tololo For personal use only www.ady.com.au Pampa Tololo lies 40 km north of Vallenar and it covers 3,455 hectares It is located at 200 metres from Los Colorados mine, owned by CMP, the main iron ore producer in Chile Chile ranks 16th iron ore producer country in the U.S. Geological Su
Slide 31: For personal use only
13 anomalies identified within the 1960s Atacama United For personal use only Fault Nations Survey: 4 - Chile’s C o iron belt c h r a n e 5 – O’Brien Owned by Admiralty 2 - Simpson
Slide 32: Pampa Tololo – Deliveries
Pampa Tololo – Deliveries For personal use only www.ady.com.au ACTION STATUS 1. High resolution ground COMPLETED BY Quantec magnetic survey Geoscience Chile Ltda. 2. Reverse circulation Proposals received drilling programme of 10 holes / 3,000 metres Commencement of drilling for for: Simpson SCHEDUL
Slide 33: Pampa Tololo High Resolution Ground Magnetic Survey
Pampa Tololo High Resolution Ground Magnetic Survey For personal use only www.ady.com.au 3D view of the identified targets Simpson This is the most important target in relation to size/susceptibility. An oblate spheroid shape of 800m in diameter, located at a depth of 200-250m and exhibiting magneti
Slide 34: Summary - Exploration Timetable
Summary - Exploration Timetable For personal use only www.ady.com.au ALLOCATED PROJECT TASK COMPLETION BUDGET Pampa Tololo High resolution ground magnetic survey $60,000 Completed. Harper South High resolution ground magnetic survey $40,000 Completed. Harper South - Underway. 2,850 m diamond drillin
Slide 35: Australia – Bulman
Australia – Bulman For personal use only www.ady.com.au Lead and zinc project, 320 km from Katherine (NT) 2 granted mineral explorations licences and 2 mineral leases, covering 250 km2 Located in the McArthur Basin, well-known for hosting lead and zinc leading operations, namely McArthur River and M
Slide 36: Australia – Bulman (Continued)
Australia – Bulman (Continued) For personal use only www.ady.com.au Recommendations for future exploration: Conduct an airborne aeromagnetic survey – commissioned to Fugro Airborne Surveys in August 2011. STATUS: COMPLETED – AWAITING RESULTS Aircore drilling programme of new anomalies and redrilling
Slide 37: Australia – Pyke Hill
Australia – Pyke Hill For personal use only www.ady.com.au The Pyke Hill Project is located approximately 40km from the Murrin Murrin nickel operations, near Leonora, Western Australia. Admiralty has a 50% interest in the mining lease. Cougar Metals NL (ASX:CGM) is the operator of the project. Prosp
Slide 38: Agenda
For personal use only Agenda Appendix 1 2 3 4 Introduction to Business Projects Admiralty Case Walkthrough Resources NL
Slide 39: Cash Inflows – Royalty Stream from VIC
Cash Inflows – Royalty Stream from VIC For personal use only www.ady.com.au SCM Vallenar Iron Company (“VIC”), a former subsidiary of Admiralty, was sold to Australis Mining Ltd (“Australis”) (formerly Icarus Derivatives Ltd) in a transaction approved by Admiralty shareholders and completed on 16 No
Slide 40: Corporate Directory
Corporate Directory For personal use only www.ady.com.au BOARD OF DIRECTORS CONTACT Professor J. Ross Harper, Chairman Level 16, 379 Collins Street, Stephen C. Prior, Managing Director Melbourne VIC 3000, Australia Michael S. Perry, Non-executive Director Dr Shaoqing Li, Non-executive Director Tel:
Slide 41: Product Quality
Product Quality For personal use only Specification Fe ............... 64.02 PCT Silica ............ 5.92 PCT Aluminium ... 1.35 PCT Phosphorus ... 0.05 PCT Sulphur .........0.04 PCT www.ady.com.au www.ady.com.au
Slide 42: Drilling at Mariposa
Drilling at Mariposa For personal use only Drill rig placed at AD-04. Core samples from AD- 06 showing Fe grades of 35-45% from 68m deep onwards. Field workers delineating AD-06, the third hole of the campaign, currently at 196m.
Slide 43: Drilling at Mariposa
For personal use only Drilling at Mariposa
Slide 44: Drilling at Mariposa
For personal use only Drilling at Mariposa
Slide 45: Drilling at Mariposa
For personal use only Drill rig in action. Data logging field workers. Drilling at Mariposa
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