Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Shareholder Meeting (November 2015)
35 slides from Andromeda Metals's shareholder meeting presentation, Nov 30, 2015
Slide 1: 2015 Annual General Meeting – Managing Director's presentation
adelaideresources.com.au For personal use only 2015 Annual General Meeting 30 November 2015 Managing Director’s presentation Drill – Discover – Develop
Slide 2: 12 Month Report
adelaideresources.com.au 12 Month Report For personal use only • Commodity focus remained on gold and copper with increased gold bias reflecting market interest in gold focused stocks • Four drill programmes completed across three projects, including three deeper programmes using reverse circulation
Slide 3: Exploration statistics
adelaideresources.com.au Exploration statistics For personal use only Since last years AGM Exploration holes drilled 97 Metres of drilling 9,481 Drill sample assays (lab) 4,478 Drill sample assays (FPXRF) 6,339 Rock chip samples assayed 261 Soil samples (FPXRF) 557 Man days in the field 605 (ADN per
Slide 4: Gold and Copper prices in A$ – month summary
adelaideresources.com.au Gold and Copper prices in A$ – 12 month summary For personal use only Gold A$/oz Copper A$/kg 1700 9.0 1600 8.0 1500 1400 7.0 1300 Nov Nov Nov Nov 2014 2015 2014 2015 ~11% increase ~18% decrease Prices of ADN’s target commodities Data source: InfoMine.com Drill – Discover –
Slide 5: Adelaide Resources' share price and Small Resources Index
adelaideresources.com.au Adelaide Resources’ share price and Small Resources Index For personal use only ADN SHARE PRICE MOVEMENT v ASX SMALL RESOURCES INDEX - FROM DEC 2015 150.00 130.00 110.00 90.00 70.00 50.00 30.00 1-Dec 31-Dec 30-Jan 1-Mar 31-Mar 30-Apr 30-May 29-Jun 29-Jul 28-Aug 27-Sep 27-Oct
Slide 6: Asset portfolio
adelaideresources.com.au Asset portfolio Focused suite of Australian gold and copper prospects For personal use only • Moonta (SA) control of the “Copper Triangle” district in the Olympic IOCG province Rover Gold/Copper Drummond • Drummond (QLD) classic epithermal gold play in Gold highly pedigreed
Slide 7: Moonta copper
adelaideresources.com.au Moonta copper 819 km2 tenement within highly For personal use only mineralised Moonta-Wallaroo district on the Yorke Peninsula • Iron Oxide Copper Gold style deposits • In the Olympic Copper Gold Province - host to 75% of Australia’s copper resources • Project tenement secur
Slide 8: Moonta copper – Prospect locations
adelaideresources.com.au Moonta copper For personal use only Prospect locations Drill – Discover – Develop 8
Slide 9: Alford West prospect
adelaideresources.com.au Alford West prospect For personal use only Summary plan Drill – Discover – Develop 9
Slide 10: Alford West – Larwood Zone lode
adelaideresources.com.au Alford West – Larwood Zone lode For personal use only Drill section 753,730mE • Numerous drill intersections returned from sub-vertical lodes • Results include 20m @ 4.20% Cu, 0.27g/t Au 15m @ 2.89% Cu, 0.15g/t Au 45m @ 1.56% Cu, 1.86g/t Au 14m @ 2.60% Cu, 0.70g/t Au • 600m
Slide 11: Alford West – Bruce Zone lode
adelaideresources.com.au Alford West – Bruce Zone lode For personal use only Drill section 752,770mE • Sub-vertical lodes in deeply weathered host • Results include 9m @ 2.75% Cu, 0.15g/t Au 11m @ 1.52% Cu, 0.04g/t Au 18m @ 1.14% Cu, 0.04g/t Au 15m @ 1.00% Cu, 0.02g/t Au • 700m strike length with go
Slide 12: Moonta copper summary
adelaideresources.com.au Moonta copper summary For personal use only • In-house modeling of Larwood and Bruce reveals a deposit that presents either as a large low grade resource or a small moderate grade resource • Bruce and Larwood are only two of multiple copper deposits across the tenement – oth
Slide 13: Drummond epithermal gold
adelaideresources.com.au Drummond epithermal gold For personal use only Classic epithermal gold targets • High grade gold hosted by epithermal • 100% owned, 270 km2 project. quartz veins. • Tenements secure the emerging • First drilling completed with $100,000 “Glenroy Field”, similar to the >3Moz c
Slide 14: What is an epithermal gold system?
adelaideresources.com.au What is an epithermal gold system? For personal use only • Form during periods of active volcanism associated with subduction of tectonic plates • Metals deposited in quartz veins at relatively shallow depths below the surface from hot volcanic fluids • Fluids vent on surfac
Slide 15: General model of an epithermal gold system
adelaideresources.com.au General model of an epithermal gold system For personal use only Arsenic Zone Gold Zone (At depth below arsenic zone) (After Buchanan (1981), Morrison et al. (1990) and Corbett & Leach (1997)). Drill – Discover – Develop 15
Slide 16: South West Limey Dam – same vein textures seen at Pajingo
adelaideresources.com.au South West Limey Dam – same vein textures seen at Pajingo For personal use only Pajingo Mine South West Limey Dam South West Limey Dam Zed Lode (U/G) Nadia vein (surface) Alexandra vein (surface) 26.2g/t Gold 34.2g/t Gold 31.0g/t Gold Drill – Discover – Develop 16
Slide 17: South West Limey Dam
adelaideresources.com.au South West Limey Dam See Section 1 summary plan For personal use only • 24 hole (1850 metre) diamond drill programme very recently completed • Results confirm sub-surface gold mineralisation in veins and silicified breccias • Review by consultant Dr Gregg Morrison, interpret
Slide 18: South West Limey Dam – Section (north area)
adelaideresources.com.au South West Limey Dam – Section 1 (north area) For personal use only • Drillhole GLD009 returns 3.6m at 1.83g/t Au, including: 0.71m at 9.11g/t Au and 11.0g/t Ag • GLD012 returns 0.70 metres at 1.43g/t gold and 4.2g/t silver • Same host rocks as seen at Pajingo, including and
Slide 19: South West Limey Dam – Section (south area)
adelaideresources.com.au South West Limey Dam – Section 2 (south area) • Long intervals of low grade Au and Ag mineralisation in silicified host rocks For personal use only Drill – Discover – Develop 19
Slide 20: Bunyip prospect
adelaideresources.com.au Bunyip prospect a new target For personal use only • Surface rock chips to 19.65g/t gold • Confirmed epithermal system • Pathfinder geochemistry, sinters and vein textures indicate high degree of system preservation (gold target preserved at depth) • Over 2,000 metres of qua
Slide 21: Drummond summary
adelaideresources.com.au Drummond summary For personal use only • Tenements secure the Glenroy epithermal field – multiple targets • The Glenroy Field epithermal systems appear to be remarkably well preserved, with target gold zones likely to remain at depth • First drill programme at SWLD records e
Slide 22: Eyre Peninsula gold
adelaideresources.com.au Eyre Peninsula gold Large project in Central Gawler Gold Province For personal use only • Largely 100% owned 3,123km2 project • The Barns, Baggy Green and White Tank gold prospects all 100% owned • First gold focused activity in 10 years • Significant Exploration Targets est
Slide 23: Barns gold prospect – lodes
adelaideresources.com.au Barns gold prospect Multiple moderately dipping lodes beneath flat lying supergene zone For personal use only • Narrower hits include: 5m @ 27.4g/t gold 11m @ 2.84g/t gold 13m @ 4.04g/t gold 13m @ 3.06g/t gold • Multiple lodes separated by low grade or barren rock • Is there
Slide 24: Barns gold prospect – mineralised envelope
adelaideresources.com.au Barns gold prospect Mineralised envelope up to 150 metres thick For personal use only • Broad hits include: 143m @ 1.25g/t gold 147m @ 0.86g/t gold • Mineralised envelope encloses multiple lodes separated by low grade or barren rock • Is there a development option focused on
Slide 25: Baggy Green gold prospect
adelaideresources.com.au Baggy Green gold prospect Mineralised envelope up to 30 metres thick For personal use only • Broad hits include: 24m @ 2.33g/t gold 23m @ 1.16g/t gold 28m @ 0.83g/t gold • Narrower hits include: 10m @ 4.82g/t gold 8m @ 4.79g/t gold 11m @ 2.30g/t gold • Coarse drill spacing D
Slide 26: Bulk tonnage Exploration Target
adelaideresources.com.au Bulk tonnage Exploration Target For personal use only 3-D models of mineralised envelopes at Barns (left) and Baggy Green (right) To a depth of 200 metres below surface the The potential tonnage and grade of the Company estimates a combined Exploration Exploration Target is
Slide 27: Discrete lode Exploration Target
adelaideresources.com.au Discrete lode Exploration Target For personal use only 3-D models of mineralised envelopes at Barns (left) and White Tank (right) To a depth of 200 metres below surface the The potential tonnage and grade of the Company estimates a combined Exploration Exploration Target is
Slide 28: Barns/Baggy Green gold camp
adelaideresources.com.au Barns/Baggy Green gold camp Past drilling has discovered other nearby gold targets For personal use only Drill – Discover – Develop 28
Slide 29: Barns/Baggy Green – comparison with other SA gold projects
adelaideresources.com.au Barns/Baggy Green – comparison with other SA gold projects For personal use only Portia(1) Tarcoola(2) Barns/Baggy Green Exploration Target(3) 2.5-3.5Mt @ 1.3-2.0g/t Au Ex Target Ounce range ~100,000 - 200,000 Resource 720Kt @ 2.9g/t Au 973Kt @ 3.12g/t Au ? Resource Ounces 6
Slide 30: Eyre Peninsula Gold summary
adelaideresources.com.au Eyre Peninsula Gold summary For personal use only • Advanced gold prospects at Barns, Baggy Green and White Tank • Exploration Targets estimated using real drill data increasing confidence that they can be achieved • Low grade bulk tonnage or focused smaller but higher grade
Slide 31: Thurlga Joint Venture with Investigator Resources Limited
adelaideresources.com.au Thurlga Joint Venture with Investigator Resources Limited For personal use only • IVR manage and operate the JV • Detailed airborne magnetics and airborne photography flown • Ground gravity surveys completed and previous airborne EM assessed • 2,200 geochemical soil samples
Slide 32: Rover copper gold
adelaideresources.com.au Rover copper gold A strategic, highly prospective land • 100% owned For personal use only position in the Tennant Creek district • Prospects include Rover 4, Rover 12 and part of Rover 1 • Company drill results at Rover 1 include: - 55m at 3.36% Cu, 0.16g/t Au - 34m at 2.05%
Slide 33: Summary
adelaideresources.com.au Summary For personal use only • We are one day closer to a recovery in the resources sector today than we were yesterday • Short term outlook remains uncertain for resources • Gold has out performed other metals and attracted market interest Next Steps • Firstly, lets surviv
Slide 34: Disclaimer, Competent Person's statement and JORC statements
adelaideresources.com.au Disclaimer, Competent Person’s statement and JORC statements Disclaimer For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited (“Adelaide Resources” or the “Company”) and its activities. Some statements in this
Slide 35: For personal use only
adelaideresources.com.au For personal use only Contact: Chris Drown 0427 770 653 adelaideresources.com.au Drill – Discover – Develop
Adelaide Resources — Shareholder Meeting (November 2015) on 6ix