Slide 1: Adelaide Resources Limited
is 7 “Ali fem 4 ith pais: oe CO wo us i Vee ee. . Te! 2 adelaide Resources Limited | al = Zircon Uraniur
Slide 2: Adelaide Resources Limited
Adelaide Resources Limited
Slide 3: Colona, Barton and Eyre Peninsula projects
— — We Ve ee y Le ae = ey wy 7 ] oo - AS I: Colona — Mineral sands y | Barton Nickel 7 NESE Eyre Peninsula —Gold
Slide 4: Adelaide Resources Limited
| Adelaide Resources Limited
Slide 5: Why Zircon?
Why Zircon? Adelaide Resources Limite: Buoyant market industry Nominal Prices ussit _— 1000 = * Strong price increases in 2006 (20%) 800 * lluka 2006 zircon price 800 ~ $US 730-745 * High demand from China and India Source: TAME (courtesy:luka’ Resources)
Slide 6: Eucla Basin
Eucla Basin Adelaide Resources Limited be Destined to he world Tripitaka lluka/ Adelaide |) Th
Slide 7: Location
Location Adelaide Resources Limite: Strategically situated Barton Siding 96km from Ceduna to Tripitaka turn-off
Slide 8: Colona Joint Venture resources
Adelaide Resources Limited pa Material HM Clay Zircon Rutile |_iimenite Tonnes (%) (%) oo Cr) (%) | Soe Pas | oe | : | Colona Joint Venture. Joint Venture 8 14. 148 100% 11 “HM Heavy Minerals * 1% HM.cut-olf Colona JV im «Rounding may generate differences in the last decimal place
Slide 9: Prefeasibility
P refeasi bil ity Adelaide Resources Limited Dril-out to Previous drilling * >1%HM 2 <i9%6HM ae7™ 2006 drilling ag 2007 deiling Tipitaka 1% HM resource cuting
Slide 10: Colona Joint Venture drilling
| Adelaide Resources Limited liuka Resources | Colona Jonitventiire 700d0m 2im @ 5.6%HM incl 3m @ 15.4%HM od SM 23% HM 21m @ 4.17%HM a . 28% HM 200 metres : >10% HM
Slide 11: State of Play: Prefeasibility study 2007
Slide 12: South Australian Uranium Projects
south Australian Uranium Projects Adelie Resources Limited
Slide 13: a oi
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Slide 14: Palaeochannel Uranium
Palaeochannel Uranium Adelaide Resources timited JV with the strength * Quasar earning 60% for $3M + Minimum $0. 75M pa + Minimum 70 holes in 2007 Tertiary Paloeochannel Eyre Peninsula Tenements ~ Adelaide Resources Basement ~ Adres 100% Cover — Quesar earning 60% Quasar earning 60% of entirety
Slide 15: Basement Uranium
Basement Urani delsige Resources Limited Positive re maiden drilling Recent drilling on three 100% owned basere targets @ = Urenium drill target Eyre Peninsula Tenements ~ Adelaide Resources Quasar sarning 60% of erdirety
Slide 16: Eyre Peninsula Project
Eyre Peninsula Project , Ulysses Hot Granite
Slide 17: Ulysses Prospect
ULYSSES. —— PROSPECT 200 mines Driitholes
Slide 18: Ulysses Cross-section
Ulysses Cross-section Adelaide Resources Limite Encouraging early results Reduced so way “metres Secondary din. @ 63ppm U0, uranivm plume : am @ 330ppm U0, - im @ 248ppm U0, ULYSSES SECTION
Slide 19: Moonta Wallaroo
Noonta ae Wallaroo Adelaide: Resources Limite History of uranium oce 1906 (September 5) AT A meeting. of the Royal. Society ‘held.on. Tuesday. evening several papers were read which throw increased light on the subject of deposits of radioactive materials recently found in South Australia. . oS Mr D
Slide 20: Wallaroo
ie Wal laroo Adelaide Resources Limite Valuable drill core — positive sampling Yorke Penins South Australia
Slide 21: Dark Horse
Anatane im Dark Morse Adelaide Resources Limit 7 Promising early. visas os: = ee drilling results “| @& Dri target i. Highway, * lwo 1000 metre spaced S~ Minor road | reconnaissance lines “wn Rallway ae oe os * Anomalous Uranium to “Devonbirough Downs HS" ; 271 ppm UO, in pyntic ‘Woshaminga HS" goss
Slide 22: Adelaide Resources Limited
Adelaide Resources Limited