Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Shareholder Meeting (November 2006)
13 slides from Admiralty Resources NL's shareholder meeting presentation, Dec 1, 2006
Slide 1: AGM Review of Operations
AGM Review of Operations November 2006 » DD MIRALTY RESOURCES
Slide 2: Company Overview
Company Overview Admiralty Resources NL ASX:ADY OTCBB:ARYRY (see www.adrbny.com) 100% owned subsidiaries 657,921,574 million shares on issue ADY Resources Lid 109.8 million unlisted options at 10 cents exercise price Nov 07 expiry Argentina 196 million shares on conversion of notes — fully paid Pyke
Slide 3: Key Activities
Key Activities Exploration Drilling and JORC Reserves — 32.25m tonnes Japonesa mine Exploration of Leo 2, Mariposa, Japonesita, Mirador Analysis of the three stockpiles — higher Fe content Mine Planning Design and drilling — 23.2% Fe in-situ Installation of laboratory, XRF, Davis Tube test Plant Con
Slide 4: Santa Barbara - Continued
Santa Barbara - Continued Stockpile Construction of the stockpile Hopper loading system for Caleta Ports Caleta, Caldera port — 47,000 tonnes — 11.8m Candelaria — Freeport/Syndicate — 75,000 tonnes Huasco — Punta Alcalde — 200,000 tonnes - 01/2009 24m Sales 2. : oo One Japanese, two Chinese, one Eur
Slide 5: Rincon Salar
Rincon Salar Geohydrology Pumping rate proven Porosity exceeds level required Process work study completed by K-UTEC Pilot Plant Mg removal completed Source of NaCO3 and CaCO3 identified Process simulated successfully in pilot plant Plant Site Land acquired, gas installed, low voltage power, staff b
Slide 6: Rincon Salar cont
Rincon Salar cont Evaporation Ponds Location identified Lining tender being written Excavation due in January 2007 Roads Across and around salar completed Sales Take off contract negotiations with USA, Japan and Chinese consumers and traders Supply Currently reduced by 10-15% rn “S822 “ADMIRALTY RES
Slide 7: Rincon Salar - cont
Rincon Salar - cont Lithium Concentrations from drill hole data 780000 eo4 6 10 KM « ABCD Pozos de explotacién — Caminos E.F,G Pozos de reserve » Gpo. Minera =. =” ADMIRALTY RESOURCES
Slide 8: Production Estimates
Production Estimates Lithium Chloride (Dec 2008) # 17,000 tonnes per annum (or 10,000 tonnes Lithium Carbonate, 3,000 Lithium Chloride, 4,000 tonnes of lithium hydroxide # US$4,000 - $4,500 per tonne for Lithium Carbonate # Possible Annual Revenue US$70-95+ million per annum Potassium Chloride (Oct
Slide 9: Bulman — Northern Territory
Bulman — Northern Territory # Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia's Northern Territory. & ELA238 14 — 250 sq kilometres . # In the 1950’s CRA estimated there was’* vernon 3 375,000 tonnes @ 15% Zn and 2% Pb of mainly oxide material. # The Bulman Leases
Slide 10: BULMAN PROJECT
10 BULMAN PROJECT GEOPHYSICAL ANOMALIES, SCHL Pb & Ze ANOMALIES a ADMIRALTY RESOURCES: ” 2 w = re) c <x o = . N xe) fi ; S | 3 i ® \h _! x ” z @ i 2 i 8 \%! @ 1 8 a pela 3 c ftg° 9 © len | oe = ws; S © rea) z at & q
Slide 11: Bulman — ELA23814
Bulman — ELA23814 AWOLBRELL MELLON ‘NOLDSS WENN PRET ON NOLLVY OP ldd¥ SONS0TI NOLLWHOWdNa ELA 23644 Survey Houther Land Council 3 Rawding Seraat Canute MT batt 8 soy et 13¢ OF Tae CNVT Casnide NV GV TNASNOS ONINTTLAG dVA NGLLVSOT -V FHAXINS
Slide 12: Pyke Hill — Nickel Cobalt JV —- Cougar Metals NL
Pyke Hill — Nickel Cobalt JV —- Cougar Metals NL & The Pyke Hill Project is located approximately 40km southeast of the Murrin Murrin Nickel Operation, near Leonora, Western Australia. #% Prospective for a high-grade nickel-cobailt lateritic resource. # Aircore drilling undertaken by Cougar in FY200
Slide 13: Projected Profit and Earnings Per Share Growth
Projected Profit and Earnings Per Share Growth 2006-2007 2007-2008 2008-2009 $US $us $US Net Profit After Tax 7.0M 13M Lithium $65 (.2mt F. Iron Ore $15 .2m tonnes Fe F ($1.2m x US$5) {iron plus potash (expect Fe Full year) sales) production to be 3.0m tonnes) Earnings Per Share $US 0.9-1.3 US cents
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