Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Investor Presentation (July 2008)
32 slides from Admiralty Resources NL's investor presentation, Jul 23, 2008
Slide 1: News Release: Updated Presentation
For personal use only NEWS RELEASE Release Time IMMEDIATE Date 23 July 2008 ADMIRALTY RESOURCES NL UPDATED PRESENTATION The attached updated presentation has been and will be provided to investors, potential customers and stockbrokers in Australia. Yours sincerely, Phillip Thomas Managing Director F
Slide 2: Admiralty Resources NL Presentation July 2008
For personal use only Admiralty Resources NL PRESENTATION July 2008
Slide 3: Company Overview
Company Overview For personal use only ASX:ADY OTCBB:ARYRY (see www.adrbny.com) 1,133,457,841 shares on issue (at 30 June 2008) 1,000,000 Non-Executive Director options (at 30 June 2008) Admiralty Resources NL 408 million held by the top 20, 36.04% (at 30 June 2008) 10,402 shareholders, 491 overseas
Slide 4: Key Personnel
Key Personnel For personal use only Board of Directors -Prof. J Ross Harper CBE – LLB MA DUniv Chairman, legal background, London -Phillip Thomas – BSc MBM AIG SIA Managing Director Admiralty Resources NL,, geology, investment, marketing, Director Cia Minera Santa Barbara – located L14, 200 Queen St
Slide 5: Demerger
Demerger For personal use only • ADY – Propose to consolidate to < 150 million shares • Demerger proposal put to shareholders at EGM to be held 30 days after all approvals received • Consider Directors Report, US SEC, Solvency, Tax and Rincon Valuation Reports • For every (consolidated) Admiralty sh
Slide 6: Project Overview – Production, Shipping, Focus
Project Overview – Production, Shipping, Focus For personal use only Cia Minera Santa Bárbara April 2007 – first shipment in WISCO 08 Sales agreement shipped Nov 2007 – 30,000 tonnes per month, 500 hours per month, six shipments completed – 210,000 tonnes final product shipped 63.5% fines July 2008
Slide 7: Key Statistics – Santa Bárbara
Key Statistics – Santa Bárbara For personal use only Caleta Port • 7,421 hectares of tenements at Japonesa Group Mine Vallenar • 3,500 hectares at Pampa Tolofo, near Los Colorados • 11:1 ratio production of product grading at 9.0% • Three 1960’s stockpiles with 3 million tonnes fines • 8 geologists,
Slide 8: 10,000 Hectares in Iron Ore Belt
10,000 Hectares in Iron Ore Belt For personal use only New Tenements Existing Tenements (Japonesa Agreement) Name Size - hectares Mine Name Size - hectares Leo 3 200 *Japonesa 34 Leo 4 200 *Japonesita 96 Leo 7 200 *Mirador 21 Leo 8 300 *Gibjiru 41 Leo 9 300 Natasha 50 Leo 10 200 Tatiana 60 Leo 11 20
Slide 9: Product Specification
Product Specification For personal use only Element Rejection Level % Contract Specification % Fe 62.00 min 63.5 Annual shipping Capacity Si02 6.0 max 5.00 2008 Al203 2.0 max 1.2 Caleta – 2 x 45,000 x 9 months = 0.81 million tonnes P 0.11 max 0.07 1st half 2009 S 0.11 max 0.07 Port T - Caldera – 1 x
Slide 10: Santa Barbara Tenements
Santa Barbara Tenements For personal use only 10
Slide 11: Resource Estimates – Santa Bárbara
Resource Estimates – Santa Bárbara 194.1 Million Tonnes Measured, Indicated and Inferred For personal use only Mine Tonnage Weighted Average Grade COMPETENT PERSON STATEMENT Japonesa Measured: 26.2 million 13.78% (at 9% cut-off grade) Indicated: 13.4 million 13.78% (at 9% cut-off grade) The informat
Slide 12: Cia Minera Santa Bárbara Iron Ore Production
Cia Minera Santa Bárbara Iron Ore Production For personal use only Port T at Caldera (negotiations pending) 18 tonne trucks taking ore to crusher Waste stockpiles Iron ore greater than 100m ready for crushing Two 125 hour primary crushers Port G at Huasco 12
Slide 13: Caleta, Caldera Port
Caleta, Caldera Port For personal use only Caleta Pier - handymax Hopper ship loading Final product being loaded for truck transport to Caleta 230km away 13
Slide 14: Port of Punta Alcalde
Port of Punta Alcalde For personal use only Estimated Cost – US$32-$40m Main road to pass site 14km road upgrade Conveyor transport system 300,000 tonne stockpile Container loading facility – Fruit Port Iron ore loading – Santa Bárbara Coal unloading – Power Project Estimated Completion date June 20
Slide 15: Rincón Salar - Argentina
Rincón Salar - Argentina For personal use only Major, world-class, multi-element brine resource (Li, K) located in the Salta Province of Argentina. The 37 tenements cover an area in excess of 250 square kilometres. Key resources are lithium chloride, lithium carbonate and potassium chloride (Potash)
Slide 16: Rincón Salar - The Resource
Rincón Salar - Argentina For personal use only The Resource The Rincon Project is located in north-western Argentina near the Chilean border. It is a hyper saline lake, brine enriched in lithium, magnesium and potash, with three rivers providing subterranean waters flowing into the salar through vol
Slide 17: Lithium Concentrations from drill hole data
Rincón Salar - Argentina For personal use only Lithium Concentrations from drill hole data 17
Slide 18: Key Advantages
Key Advantages For personal use only Patented production process that removes magnesium early in the process, and crystallises final product at low ppm concentrations Plant phase 1 of six now operating, 10,000 Na2SO4 per 14 days Process takes 100 days so low evaporation capital All raw material is c
Slide 19: Reserve Calculation
Reserve Calculation For personal use only 19
Slide 20: Production, Observation Wells and Ponds
Production, Observation Wells and Ponds For personal use only Analysis Mean, Relative mg/L dispersion from the mean Li+ 394 ±11% K+ 7,972 ±9% Na+ 113,903 ±5% Ca++ 712 ±65% Mg++ 3,667 ±14% Cl- 195,067 ±3% SO4= 12,334 ±66% B4O7= 1,762 ±44% CO3H- 386 ±17% 20
Slide 21: Rincón Plant Organization Chart
Rincón Plant Organization Chart For personal use only Phillip Thomas Managing Director Phil Thomas Managing Director Dr C Sorentino Dr R Frias Dr C Sorentino Construction, Technical Svcs Legal and General Manager Dr R Frías Dr R Alonso SENIOR MANAGEMENT Dr. D.DrGalli D Galli Construction, Legal and
Slide 22: Evaporation in Solar Ponds
EVAPORATION IN SOLAR PONDS Production of Li2CO3 16,000 tonnes/year (mass balance) For personal use only PONDS A PONDS B PONDS C α KCl (Potash) A = 460 Ha A = 36 Ha A = 27 Ha Concentrate Brine Volume: 32 L Precipitate: α Precipitate: α Precipitate: NaCl NaCl - KCl NaCl - KCl Salt: 278 kg/m3 Salt: 18,
Slide 23: Production of Crude Lithium Carbonate and Lithium Carbonate
Production of Crude Lithium Carbonate 98% and Lithium Carbonate 99.5% For personal use only Concentrate Brine Sodium Carbonate 1 m3 Precipitation of Ca++ and Mg++ with Sodium Carbonate NaOH Ion change Dilution Sodium Carbonate Precipitation Mother Liquor: Centrifuge M: 2,050 Kg Vol 1,8 m3 Fresh wate
Slide 24: Product Specification
Product Specification For personal use only Lithium battery produced by A123 Systems 24
Slide 25: Lithium Applications
Lithium Applications – Lithium is not connected to the base metal market For personal use only •The adjacent graph shows SQM view of Global Lithium Main Uses Lithium Consumption. • There has been explosive growth in batteries, ~ 25% CAGR, 4% 4% 4% Others (2000-05 Roskill) and Industrial 23% Batterie
Slide 26: Japanese Import Statistics – Lithium Carbonate
Japanese Import Statistics – Lithium Carbonate For personal use only USD per tonne of Lithium Carbonate imported into Japan 11,000 10,000 9,000 8,000 lithium price per tonnage carbonate tonne 7,000 6,000 5,000 CHINA 71,5 6,305.48 4,000 3,000 CHILE 707 6,491.09 2,000 1,000 ARGENTINA 180 7,046.78 0 Ja
Slide 27: Global Lithium Supply & Pricing – an Opaque Oligopoly
Global Lithium Supply & Pricing – an Opaque Oligopoly SEPTEMBER 2007 Admiralty Estimates a 30% Global Shortage of High Grade LCE ADY Full Scale Production will have limited impact on increasing prices For personal use only Admiralty Japanese Industrial Roskill SQM Estimate Corporate Minerals 2006 Es
Slide 28: Lithium Carbonate – The Purity / Value Equation
SEPTEMBER 2007 Lithium Carbonate – The Purity / Value Equation For personal use only • Approximate current Asian spot market,+/- $500 (Japan, China and now India), prices for Lithium Carbonate (Li2CO3) - LCE at various purity levels: 99.0% purity (and slightly lower) $ 6,000 USD / ton 99.0+% purity
Slide 29: Admiralty Salar de Rincón Pilot Plant
SEPTEMBER 2007 Admiralty Salar de Rincón Pilot Plant For personal use only 29
Slide 30: Bulman – Northern Territory
Bulman – Northern Territory For personal use only Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia's Northern Territory. ELA23814 – 250 sq kilometres In the 1950’s CRA estimated there was substantial zinc sulphides from 11 drill holes. Area extensively covered by ge
Slide 31: Bulman Exploration Licences
Bulman Exploration Licences For personal use only Proposed drill holes (red dots), K-Th-U (Red-Green-Blue) image, highlighting potassium anomalies (pink). 31
Slide 32: Pyke Hill – Nickel Cobalt JV – Cougar Metals NL
Pyke Hill – Nickel Cobalt JV – Cougar Metals NL For personal use only 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-cobalt lateritic resource. Estimated in-ground value $3.1b.
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