Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (May 2010)
30 slides from Andromeda Metals's investor presentation, May 20, 2010
Slide 1: Adelaide Resources Limited Investor Update
For personal use only Adelaide Resources Limited Investor Update May 2010 “Creating “Creating wealth wealth through through discovery” discovery” Slide 1
Slide 2: Disclaimer and Competent Person's Statement
For personal use only Disclaimer Disclaimer and and Competent Competent Person’s Person’s Statement Statement The The information information inin this this presentation presentation is is published published toto inform inform youyou about about Adelaide Adelaide Resources Resources Limited and its
Slide 3: Current position
Current position For personal use only • South Australian based gold-copper-uranium focused explorer. • Strategic land positions in SA, NT and QLD. • 2009 exploration effort rewarded with significant intersections at the 100% owned Rover Project in Northern Territory. • Active at Rover and Moonta go
Slide 4: Project locations
Project locations For personal use only ROVER Gold/Copper GLENROY Gold Northern Territory Queensland EYRE PENINSULA South ANABAMA Australia Gold/Uranium/Copper Copper/Gold CORROBINNIE Uranium MOONTA Victoria YALANDA Copper/Gold Uranium “Creating “Creating wealth wealth through through discovery” dis
Slide 5: Rover Project – the flagship project
Rover Project – the flagship project For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide Slide 55
Slide 6: Why Tennant Creek/Rover?
Why Tennant Creek/Rover? For personal use only Past Tennant Creek mines – often exceptional gold grades Mine Tonnes Au (g/t) Au (oz) Cu (t) Warrego 6,750,000 6.6 1,475,000 178,000 Nobles Nob 1,996,000 17.3 1,110,000 — Juno 452,000 56.1 815,000 1,000 White Devil 1,618,000 14.6 761,000 — Peko 3,676,00
Slide 7: Rover – a camp of deposits
Rover – a camp of deposits For personal use only R12 R4 R1 Tennant Tennant Creek Creek style style ironstone ironstone 2010 2010 drill drill program program targets targets Exploration Exploration target target “Creating “Creating wealth wealth through through discovery” discovery” Slide Slide 77
Slide 8: Rover – September 2009
Rover 1 – September 2009 For personal use only EL EL 7739 7739 boundary boundary (100% (100% ADN) ADN) High grade gold and copper persists to within metres of ADN tenement TARGET REGION Source: Source: Westgold Westgold Resources Resources ASX ASX release release 10 10 September September 2009 2009
Slide 9: Rover - high grade drill core
Rover 1 - high grade drill core For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide Slide 99
Slide 10: Rover Prospect
Rover 1 Prospect For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide1010 Slide
Slide 11: Rover Prospect
Rover 1 Prospect For personal use only Outstanding results achieved in 2009 drillholes. Goal in 2010 is to scope the potential resource in Adelaide Resources’ tenement. “Creating “Creating wealth wealth through through discovery” discovery” Slide1111 Slide
Slide 12: Rover Prospect – exciting 2009 results
Rover 4 Prospect – exciting 2009 results For personal use only 46m 46m @@ 1.24% 1.24% Cu Cu 27m 27m @ @ 1.2% 1.2% Cu, Cu, 0.25 0.25 g/t g/t Au Au (10m (10m @ @ 2.31% 2.31% Cu) Cu) 21m @ 2.33% Cu, 0.94 g/t Au) 21m @ 2.33% Cu, 0.94 g/t Au) 17m 48m @ 0.58g/t Au 17m @ @ 1.81% 1.81% Cu, Cu, 0.03 0.03 g/t
Slide 13: Rover – mineralised system
Rover 12 – mineralised system For personal use only Surface Wiso Basin 100m Sediments 200m Unconformity 51200 Drillhole Drillhole RV12ARD1 RV12ARD2 RV12ARD2 RV12ARD3 300m RV12ARD1 Zone containing 51100 ironstone lodes 0.9m@3.06%Cu 0.55g/tAu 2m@5.94%Pb 400m 51000 300 metres contours in nT 55.2m@0.31%
Slide 14: Moonta Project
Moonta Project For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide1414 Slide
Slide 15: Willamulka Prospect
Willamulka Prospect For personal use only Magnetic Magnetic image image 1VD 1VD 1500 metre long gold- copper anomaly. Mineralisation intersected in limited previous drilling. “Creating “Creating wealth wealth through through discovery” discovery” Slide1515 Slide
Slide 16: Prospect
Prospect 4 For personal use only Magnetic Magnetic image image 1VD 1VD Gold-copper anomaly in fold hinge setting. Anomalous metal in nearby drillholes. “Creating “Creating wealth wealth through through discovery” discovery” Slide1616 Slide
Slide 17: Corrobinnie Uranium Joint Venture – recent work
Corrobinnie Uranium Joint Venture – recent work For personal use only Sect ion “Creating “Creating wealth wealth through through discovery” discovery” Slide1717 Slide
Slide 18: Corrobinnie Uranium Joint Venture – drill section
Corrobinnie Uranium Joint Venture – drill section For personal use only Uranium Uranium results results are are assayed assayed drill drill samples samples Excellent results from first ever drilling for uranium in Thurlga palaeochannel. “Creating “Creating wealth wealth through through discovery” di
Slide 19: Yalanda Hill Joint Venture
Yalanda Hill Joint Venture For personal use only Geochemical and geophysical surveys underway. “Creating “Creating wealth wealth through through discovery” discovery” Slide1919 Slide
Slide 20: Summary
Summary For personal use only • Rover is one of Australia’s best gold-copper exploration destinations – drilling underway. • Moonta region strongly mineralised with copper-gold – drilling imminent. • Solid uranium joint ventures in South Australia – field work and further drilling in 2010. • Aggress
Slide 21: The Case for Investment
For personal use only Adelaide Resources Limited The Case for Investment “Creating “Creating wealth wealth through through discovery” discovery” Slide2121 Slide
Slide 22: ADN Enterprise Value – month summary
ADN Enterprise Value – 12 month summary For personal use only EV has fallen in 2010 – what has changed? 35 30 ($million) tenements ($million) 25 20 EV tenements 15 10 EV 5 0 30 30 June June 30 30 Sep Sep 31 31 Dec Dec 31 31 Mar Mar 2009 2009 2009 2009 2009 2009 2010 2010 EV EV tenements tenements de
Slide 23: Gold/Copper/Uranium value in A$ - month summary
Gold/Copper/Uranium value in A$ - 12 month summary For personal use only Prices of ADN’s two main target commodities are appreciating 11% 11% increase increase 30% 30% increase increase 24% 24% decline decline Data Data source: source: InfoMine.com InfoMine.com “Creating “Creating wealth wealth thro
Slide 24: Aggressive 2010 exploration program underway
Aggressive 2010 exploration program underway For personal use only • ROVER: Drilling underway and anticipated to continue to Dec. Rover 1, Rover 4 and Rover 12 prospects to be tested. • MOONTA: Geochem surveying in Feb-March 2010 defined copper-gold targets – drilling scheduled ~ 23 May. • CORROBINN
Slide 25: Month share price and news flow
12 month share price and news flow For personal use only Share price has de-coupled from continuing good news in 2010 High High grade grade Further Further R4R4 intersections intersections results results confirmed confirmed in in Capital Capital raising raising R1 R1 assays assays 40 WGR WGR announ
Slide 26: Value comparison with peer group companies
Value comparison with peer group companies For personal use only Issued Cash, Price Implied shares Market cap liquids and Company (COB Tenement (diluted ITM ($M) investments 13.5.10) Value ($M) options) ($M)* ADN 111.2 $0.18 $19.5 $8.4 $11.1 (Adelaide) ERM 254.0 $0.23 $58.4 $16.8 $41.6 (Emmerson) RX
Slide 27: Adelaide Resources - the investment case
Adelaide Resources - the investment case For personal use only • The prices of copper and gold (ADN’s principal target metals) continue to appreciate post GFC. • The company is conducting a fully funded exploration program in 2010 – the question is not whether ADN will find metal, but rather how muc
Slide 28: Corporate statistics
Corporate statistics For personal use only • Listed Listed on on ASX ASX in in 1996 1996 (ADN) (ADN) • Shares Shares issued issued 111.2 111.2 million million • Unlisted Unlisted options options 4.0 4.0 million million • Cash Cash ~$8.9 ~$8.9 million million (31 (31 Mar Mar 10) 10) • Shareholders Sh
Slide 29: The people
The people For personal use only Board Board members members left left to to right: right: John John den den Dryver Dryver –– Mining Mining Engineer Engineer Director, Director, 30+ 30+ years years experience experience Keith Keith Yates Yates –– Geologist Geologist Director, Director, 40+ 40+ years
Slide 30: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! “Creating “Creating wealth wealth through through discovery” discovery” Slide 30
Adelaide Resources — Investor Presentation (May 2010) on 6ix