Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (April 2013)
32 slides from Andromeda Metals's investor presentation, Apr 9, 2013
Slide 1: Investor Presentation: Moonta Copper-Gold Project
For personal use only Investor Presentation Moonta Copper-Gold Project Presented Presented by by Chris Chris Drown, Drown, Managing Managing Director Director #1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer Disclaimer and and Competent Competent Person’s Person’s Statement Statement For personal use only The The information information inin this this presentation presentation is is published published to to inform inform you you about about Adelaide Adelaide Resources Resources Limited Limit
Slide 3: Moonta Project – location
Moonta Project – location For personal use only Following slides set the scene. #3
Slide 4: Olympic Copper-Gold Province – operating companies
Olympic Copper-Gold Province – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources All land in the Antofagasta OCGP where Areva exploration is BHPB Major allowed is FMG companies pegged. Oz Minerals and copper Rex producers Rio Tinto dominate. Sandfire St
Slide 5: OCGP – depth to prospective basement
OCGP – depth to prospective basement For personal use only The Yorke Peninsula in general, and the A Moonta Project in particular, has the Prominent Hill (100m) shallowest cover anywhere along the entire Vulcan (900m) Challenger Olympic Dam Olympic Copper Gold Province. (330m) Carrapateena (470m) Pu
Slide 6: OCGP – past and present copper mines
OCGP – past and present copper mines For personal use only “To the Colony of South Australia, copper was like a huge flywheel, generating wealth Prominent Hill and activity.” (Blainey (Blainey –– The The Rush Rush that that Never Never Ended) Ended) Olympic Dam Moonta was the first mine in Australia
Slide 7: Yorke Peninsula – operating companies
Yorke Peninsula – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources Areva Core Investigator Monax – Marmota Phoenix Copper Rex Sandfire Spencer Xstrata 80 kilometres Other #7
Slide 8: Moonta Project exploration history timeline
Moonta Project exploration history timeline For personal use only Copper Price Historical exploration at Moonta was dominated by mid caps and majors which needed to find very large resources. This presents Adelaide Resources with a valuable historical database and a scale opportunity. The opportunit
Slide 9: Historic data – a hugely valuable asset
Historic data – a hugely valuable asset For personal use only Past explorers bequeathed an enormous amount of data. In 2013 dollars, this data is valued in the tens of millions. #9
Slide 10: Moonta Project scene setting key points
Moonta Project scene setting key points For personal use only • Located in the Olympic Copper Gold Province, a region that is totally pegged and where ownership is dominated by many of the World’s largest copper producers. • Our tenement is in the area where the prospective rocks are at their shallo
Slide 11: How we see Moonta unfolding
How we see Moonta unfolding For personal use only • It is clear that our Moonta project has exceptional and widespread prospectivity for shallow copper-gold deposits. • We are confident that we can build a project-wide resource base, based upon the definition of multiple deposits located within a fe
Slide 12: Moonta Project – location showing deposits and prospects
Moonta Project – location showing deposits and prospects For personal use only The following slides take a quick look at each of the 100% owned Willamulka, Paskeville, Wombat and Alford West prospects. #13
Slide 13: Willamulka Prospect – plan
Willamulka Prospect – plan For personal use only Shallow 550 metre long coherent zone of copper and gold mineralisation open at depth. #14
Slide 14: Willamulka Prospect – section
Willamulka Prospect – section For personal use only #15
Slide 15: Paskeville Prospect – plan
Paskeville Prospect – plan For personal use only Shallow 300 metre long coherent zone of copper dominant mineralisation open at depth and along strike. #16
Slide 16: Paskeville Prospect – section
Paskeville Prospect – section For personal use only Recent drilling completed to test satellite targets and gather more information on the strike and dip of mineralisation. Assays awaited. #17
Slide 17: Wombat Prospect – plan
Wombat Prospect – plan For personal use only Drilling suggests a strike length of at least 300 metres, a vertical extent of at least 300 metres and a true width of up to 35 metres. Open in several directions. #18
Slide 18: Wombat Prospect – section
Wombat Prospect – section For personal use only Recent drilling completed to determine if attractive grades persist to shallow depths. Assays awaited. #19
Slide 19: Historic data – searching for "buried treasure"
Historic data – searching for “buried treasure”. For personal use only This says page 5,187 of 23,841!! Copper assays to 4.45%Cu WMC Hole DDH224 from Alford West. #10
Slide 20: Alford West – plan
Alford West – plan For personal use only Significant historical historical results. results. Recent Recent drilling completed to initially relocate mineralisation and then to start to establish dimensions and grade. #20
Slide 21: Alford West – section (drawn from historical results)
Alford West – section (drawn from historical results) For personal use only Green copper carbonates in recent drill hole suggests we have successfully relocated Alford West. Assays awaited. #21
Slide 22: Moonta Exploration Triangle
Moonta Exploration Triangle For personal use only Willamulka, Paskeville etc. just part of the story. We have Goal is to progress numerous other targets prospects to higher establishing a strong levels and to higher exploration pipeline. quality. #22
Slide 23: Moonta Project Challenges
Moonta Project Challenges For personal use only • The project is on good quality agricultural land and is covered by numerous farms. Access issues are therefore more significant than in the outback. • Digitising the historical exploration data is a mammoth undertaking. It is exceptional value for mo
Slide 24: Moonta Project wrap-up
Moonta Project wrap-up For personal use only • Great ground holding centred on historical mining camp in highly pedigreed Olympic Copper Gold Province. • History of exploration delivers Adelaide Resources significant scale opportunity and immensely valuable data. • Opportunity enhanced by improved c
Slide 25: Moonta Project forward focus
Moonta Project forward focus For personal use only • Receipt and interpretation of results from recently completed drilling programs at Paskeville, Wombat and Alford West. • Modelling and resource estimation for advanced prospects to begin building project wide mineral inventory. • Digitisation of h
Slide 26: Appendix: Company Information
For personal use only Appendix: Company Information #26
Slide 27: Adelaide Resources' Business
Adelaide Resources’ Business For personal use only • We are a South Australian based mineral explorer with a tight commodity focus on copper and gold. • We have projects in SA, NT and QLD in terrains with pedigrees that can deliver “company maker” discoveries. • The vast majority of our ground holdi
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 ~189 ~189 million million • Unlisted Unlisted securities ~3.2 million million • Cash Cash $3.0 $3.0 million million at at 31 31 December December • Shareholders Sharehol
Slide 29: The Board and Senior Management
The Board Senior Management For personal use only Andrew Andrew Brown Brown –– Fund Fund Manager Manager Nick Nick Harding Harding –– Accountant Accountant Non-executive Non-executive Chairman Chairman Company Company Secretary/CFO Secretary/CFO 30+ 30+ years years experience experience 25+ 25+ year
Slide 30: Annual exploration and administration spend
Annual exploration and administration spend For personal use only 6000 Exploration funding 5000 Joint Venture Adelaide Resources 4000 Administration $ ‘000s 3000 2000 1000 0 /12 /00 9 /10 6 / 98 /99 2 3 / 08 /11 1 / 07 /04 5 /0 /0 /0 /0 /0 /0 11 02 09 99 97 07 08 98 10 01 04 05 00 03 06 The vast maj
Slide 31: Project locations
Project locations For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper Australia ANABAMA Copper/Gold MOONTA Victoria YALANDA Copper/Gold Gold/Uranium #31
Slide 32: adelaideresources.com.au
For personal use only adelaideresources.com.au #32
Adelaide Resources — Investor Presentation (April 2013) on 6ix