Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — RIU Explorers Conference 2014
30 slides from Andromeda Metals's conference presentation, Feb 19, 2014
Slide 1: Moonta Copper-Gold Project
For personal use only Moonta Copper-Gold Project Presented by Chris Drown, Managing Director #1
Slide 2: Disclaimer and Competent Person’s Statement
Disclaimer and Competent Person’s Statement 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 involv
Slide 3: Corporate statistics
Corporate statistics For personal use only • Listed on ASX in 1996 (ADN) • Shares issued ~229 million • Unlisted securities 2.25 million • Cash ~$2.95 million (31 Dec 2013) • Shareholders ~2500 • Top 40 hold 43.5% • 12 month trading 3.6 to 25 cents • Market cap $14.9M (6.5 cents) #3
Slide 4: The Board and Senior Management
The Board Senior Management For personal use only Mike Hatcher – Geologist Nick Harding – Accountant Non-executive Chairman Company Secretary/CFO 40+ years experience 25+ years experience Chris Drown – Geologist Mark Manly – Geologist Managing Director Exploration Manager 25+ years experience 25+ ye
Slide 5: Company snapshot
Company snapshot For personal use only • Tight gold and copper commodity focus. • Projects located in Australian geological provinces with proven pedigree (Gawler Craton, Tennant Creek, Drummond Basin). • Track record of discovery (some greenfields finds, some finds by recognising opportunities left
Slide 6: Project locations
Project locations For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper/Silver Australia ANABAMA Copper/Gold/Iron Ore MOONTA Victoria YALANDA Copper/Gold Gold/Silver #6
Slide 7: Moonta Project – location plan
Moonta Project – location plan For personal use only Project area 819 km2 #7
Slide 8: Olympic Copper-Gold Province – operating companies
Olympic Copper-Gold Province – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources All land in the Antofagasta OCGP where Areva Major exploration is BHPB companies allowed is FMG and copper pegged. Oz Minerals producers Rex dominate. Rio Tinto Sandfire Th
Slide 9: OCGP – depth to prospective basement
OCGP – depth to prospective basement For personal use only The Yorke Peninsula in general, and A ADN’s Moonta Project in particular, Prominent Hill (100m) has some of the shallowest cover Vulcan (900m) Challenger Olympic Dam anywhere along the entire Olympic (330m) Copper Gold Province. Carrapateena
Slide 10: Moonta Project – modern exploration history timeline
Moonta Project – modern exploration history timeline For personal use only Copper Price Historical exploration at Moonta dominated by large companies, presenting Adelaide Resources with a valuable historical database and a scale opportunity in a period of improved copper prices. #10
Slide 11: Historic data – a hugely valuable asset
Historic data – a hugely valuable asset For personal use only Past explorers collected an enormous amount of data. In today’s dollars, this data is valued in the tens of millions. #11
Slide 12: Moonta Project – typical exploration terrain
For personal use only Moonta Project – typical exploration terrain #12
Slide 13: Moonta Project – Poona Pit cover sediments over bedrock
For personal use only Moonta Project – Poona Pit cover sediments over bedrock #13
Slide 14: Moonta Project – Alford West Prospect location
Moonta Project – Alford West Prospect location For personal use only #14
Slide 15: “Buried Treasure” discovered in open file DMITRE report
“Buried Treasure” discovered in open file DMITRE report For personal use only 10m @ 2.3% Cu from 59m in old Alford hole AL11 #15
Slide 16: Alford West – 1970’s auger copper anomaly and 2013 drilling
Alford West – WMC/NBH 1970’s auger copper anomaly (>200ppm), drillhole collars and area tested by ADN in 2013. For personal use only Area of 2013 drilling #16
Slide 17: Alford West Prospect – Section 753,015 mE
Alford West Prospect – Section 753,015 mE For personal use only 6m @ 0.77% Cu 6m @ 0.31% Cu, 0.20g/t Au 12m @ 0.41%12m Cu, 1.44g/t @ 0.41% Au Au Cu, 1.44g/t 9m @ 0.58% Cu, 0.08g/t Au 8m @ 0.81% Cu, 0.03g/t Au 5m @ 0.37% Cu, 0.01g/t Au 11m @ 0.57% Cu, 0.10g/t Au 7m @ 0.36% Cu 50m @ 0.44% Cu, 0.05g/t
Slide 18: Alford West Prospect – Section 753,730 mE
Alford West Prospect – Section 753,730 mE For personal use only 20m @ 4.20% Cu, 0.27g/t Au 20m @ 4.20% Cu, 0.27g/t Au 11m @ 2.33% Cu, 0.68g/t Au 11m @ 2.33% Cu, 0.68g/t Au 6m @ 0.86% Cu, 0.06g/t Au 5m @ 0.92% Cu, 0.15g/t Au 18m 18m@ 2.22% @ 2.22% Cu, 0.17g/t Cu, 0.17g/t Au Au 4 @ 1.38% Cu, 0.44g/t A
Slide 19: Alford West Prospect – Section 753,785 mE
Alford West Prospect – Section 753,785 mE For personal use only 14m14m @ Cu, @ 2.60% 2.60% 0.70g/tCu, Au 0.70g/t Au 19m @ 0.29% Cu, 0.05g/t Au 20m @ 1.76% Cu, 0.33g/t Au 45m @ 1.56% Cu, 1.83g/t Au 20m @ 1.76% Cu, 0.33g/t Au 45m @ 1.56% Cu, 1.83g/t Au 30m @ 0.41% Cu, 0.30g/t Au 24m @ 0.41% Cu, 0.16g/
Slide 20: Alford West – drill chips
Alford West – drill chips ALWAC007 ALWAC008 For personal use only Depth Cu % Au g/t Depth Cu % Au g/t 31-32 0.17 0.13 18-19 2.49 0.64 32-33 5.57 0.42 19-20 2.81 7.39 33-34 6.63 0.22 20-21 5.48 8.41 34-35 13.15 0.82 21-22 2.64 2.00 35-36 8.55 0.66 22-23 2.28 2.47 36-37 2.33 0.16 23-24 0.98 7.58 37-38
Slide 21: Alford West – multiple good drill intersections in 2013
Alford West – multiple good drill intersections in 2013. For personal use only Intersections calculated by averaging 1-metre chip samples. Copper determined by four acid digest followed by ICP-AES finish. Overrange copper (>1%) determined by AA finish. Gold determined by fire assay fusion followed b
Slide 22: Alford West – current 3-D model (ADN drilling only)
Alford West – current 3-D model (ADN drilling only) For personal use only 3-D model looking SE Blue: 0.1% Cu shell Red: 0.2% Cu shell Deposit is open at depth and along strike #22
Slide 23: 1970’s shallow auger hits give confidence the deposit will grow!
1970’s shallow auger hits give confidence the deposit will grow! For personal use only 5.49m (to EOH) @ 0.82% Cu 1.83m @ 1.40% Cu 10.36m (to EOH) @ 0.72% Cu 1.83m (to EOH) @ 0.18% Cu 1.83m @ 0.80% Cu 9.75m (to EOH) @ 0.68% Cu 3.66m (to EOH) @ 0.73% Cu 10.36m (to EOH) @ 0.54% Cu 5.49m (to EOH) @ 0.27
Slide 24: Application of FPXRF geochemistry
Application of FPXRF geochemistry For personal use only • Historic WMC/NBH auger geochem does not give total coverage of project. • Despite thin transported cover, we see copper anomalies in soils which can be read with FPXRF. • >10,400 sites sampled to date. • FPXRF is exceptionally cost efficient.
Slide 25: FPXRF is delivering significant new drill targets
FPXRF is delivering significant new drill targets For personal use only FPXRF in the Alford West area has so far added ~2000 strike metres of new targets. This is in addition to the 3500 metre long target zone defined by the 1970’s WMC/NBH auger at Alford West. #25
Slide 26: Alford Copper Belt – a highly prospective corridor
Alford Copper Belt – a highly prospective corridor For personal use only FPXRF soil geochem completed #26
Slide 27: Alford Copper Belt – drill results
For personal use only Alford Copper Belt – drill results Historic Results ALAC 197 21m @ 1.0% Cu 882 ppm Co ALDDH01 76m @ 0.95% Cu *SFR/ARE JV currently drilling Drill Results ALWAC007 20m @ 4.20% Cu 0.27g/t Au ALWAC008 45m @ 1.55% Cu 1.81g/t Au ALWAC036 14m @ 2.60% Cu 0.70g/t Au DDH 129 106m @ 0.12
Slide 28: Moonta Copper-Gold Project Summary
Moonta Copper-Gold Project Summary For personal use only Alford West Prospect • 3.5 km long target at Alford West – 1.1 km drilled 2013. • Cu-Au on every drill line. Open at depth and along strike. • New FPXRF anomalies add ~2.0km of extra target strike. • Exceptional potential to define a valuable
Slide 29: Providing shareholders with discovery opportunities!
For personal use only Providing shareholders with discovery opportunities! #29
Slide 30: JORC Code 2012 statements
JORC Code 2012 statements For personal use only The geotechnical information communicated in the slides in this presentation relating to Adelaide Resources’ past exploration results, and its assessment of exploration completed by past explorers, was first prepared and disclosed under the JORC Code 2