Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Investor Presentation (June 2007)
33 slides from Admiralty Resources NL's investor presentation, Jun 18, 2007
Slide 1: ASX Company Announcement
ASX Company Announcement Admiralty Resources NL ACN 010 195 972 ADMIRALTY RESOURCES Level, 200 Quon Set Melbourne VIC 3000 (] +61-3-96701838 ff] +61-3-9670 1898 [we] waww.ady.com.au 17 June 2007 Company Announcemenis Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000 ADMIRALTY
Slide 2: Admiralty Resources NL Presentation June 2007
Admiralty Resources NL 8 oe ca PRESENTATION <4 iS . Cees June 2007 . ens ROE
Slide 3: Company Overview
Company Overview ASX:ADY OTCBB:ARYRY (see www.adrbny.com) 879.789 million shares on issue (at 17 June 2007) §9.224million unlisted options at 10 cents exercise price Nov 07 expiry 6 million employee options at 10 cents expire Nov 09 945 million shares fully diluted 439 million held by the top 20 sha
Slide 4: Key Personnel
Key Personnel Board of Directors Prof. J Ross Harper CBE —- LLB MA DUniv Chairman, Scottish Coal, legal background, London Phillip Thomas - BSc MBM AIG SIA Managing Director, geology, investment, marketing — located L14, 200 Queen Street, Melbourne John Anderson — B Com MBA Director, banking, mining
Slide 5: Project Overview — forecast production
Project Overview — forecast production Santa Barbara — 105,000 tonnes production per mth commencing July 2007 Santa Fe — 105,000 tonnes production per mth commencing July 2007 Rincon Salar — 833 tonnes of lithium Carbonate plus LIOH 333 and LiCL 250, per mth commencing Mar 2009 Revenues Santa Barbar
Slide 6: Cia Minera Santa Barbara
Cia Minera Santa Barbara @ Joint venture signed 16 Feb 2005 between Wyndham Explorations and FGH Production of small scale plant commenced 10 July 2006 Santa Barbara currently producing 50,000 tonne per month and increasing to 110,000 per month with new expanded plant commissioned in February 2007 —
Slide 7: Tenements at Japonesa Group Mine Vallenar
7,421 hectares of tenements at Japonesa Group Mine Vallenar 3,100 hectares at Pampa Tolofo, Las Colorados 10,000 metres drilling, 2.4m tonne capacity per annum (SB and SF JORC 32.75 m tonnes grading 12.2% at Japonesa 3 “fossil” stockpiles with 3 million tonnes fines at 14-16% Fe 457 staff operating
Slide 8: Iron Ore Prices
Iron Ore Prices Historical Pricing 80 May 2006 a Pellet Pricing June 2007 ADY ~ 68.50 cents i) Fines Pricing 6 After 9.5% increase in Dec 06 2 50 Why has the price increased? a e 40 Indian tariff of 300 rupees Demand increasing a0 Quality ore getting scarce - Shipping getting congested 20 Expansion
Slide 9: 10,000 hectares in Iron ore belt
10,000 hectares in Iron ore belt New Tenements Existing Tpements Panonesa igreament) Name ize - hectares Mine Name Size - hectares Leo 3 eg *Japonesa 3¢ Leo 4 200 “Japonesita 96 Teo 7 cg Mirador 27 Leo 8 300 Gibaiju af TeoS 300 Natasha 50 Teo 79 ping Tatiana 60 Leo 77 06 Pall 3 Teo 7 300 Pamela oF L
Slide 10: Current Production and Operations
Current Production and Operations Production (Tonnes) 2007 Japonesa Santa Fe Jan _ 2,157.1 Feb 11,781 7,504.4 : oo Mar 22,764 21,038.9 ' 4 a HG Apr 30,847 12,500.3 _ May 27,444 15,200.0 a. Total 92,836 58,400.7 / ‘ : Japonesa plant constructed Jan 2007 Has five high speed drums to install Santa Fe h
Slide 11: Product Specification
PRODUCT SPECIFICATION Element Penalty Level% Contract Specification % : Shipping Fe 62.00 min 63.5 Per Month S$i02 6.0 max 5.00 Caleta Pier - three handymax 47,000 tonnes Candelaria Pier - Al203 2.0 max 1.2 From Dec 2007 three panamax 55-78,000 P 0.09 max 0.07 tonnes $ 0.09 max 0.07 Cad 2.0 max 1.0
Slide 12: Reserves and Resource Estimates — Santa Barbara
Reserves and Resource Estimates — Santa Barba 41 Million Tonnes Mine Tonnage Weighted Average oe ; Grade * : : Poon Japonesa 32.35 million 13.7% we : Soe oe ee Japonesa 8.38 million 12.7% - : Japonesiia* Chilean Viejo* Mariposa* Mirador* Viviana” Juanita* Negrita* Soberana* Primavera” Leo2* eS. 1 SR
Slide 13: Cia Minera Santa Barbara Iron Ore Production
Cia Minera Santa Barbara Iron Ore Production a ee. is a ee a eS. 12 SREY ADMIRALTY RESOURCES
Slide 14: Santa Barbara - Operations
Santa Barbara - Operations 110,000 tonne capacity per month 4mm crush size (5.65mm diagonal) Process 75mm+ separated 75mm crushed to 25mm 25mm magnetically separated 25mm crushed to “3mm” Crushed fines separated Natural fines separated Fines was 50 mesh removed Low or no Sulphur 13 SREY ADMIRALTY RE
Slide 15: Santa Barbara Plant Schematic
Santa Barbara Plant Schematic 14 iis, “SREP ADMIRALTY RESOLIRCES
Slide 16: Caleta, Caldera Port Caleta Pier
Caleta, Caldera Port 2 Caleta Pier eS. 15 SRE? ADMIRALTY RESOURCES loading at Caldera Hopper ship loading
Slide 17: Located km from Caleta, Caldera
Located 75 km from Caleta, Caldera 100 million tonnes of material extracted Fines very low phosphorous 110,000 tonne per month production Magnetite material Besalco operating plant SREY ADMIRALTY RESOURCES
Slide 18: Weeks to build panamax facility at Candelaria
31 weeks to build panamax facility at Candelaria — $7.5m investment Ken Descripcioa Semanes] t[2[3][4]5]6][7] 8] 9 [10] 4] 22] 13] 14] 15] 16] 17] 16] 19] 20] 27 | 22] 23] 24] 25] 26] 27 | 28 | 29] 30] at 1.0 [INGENIERIA 7.2 [CIVIL-SANIARIA 6 "1.3 JARQUITECTURA CONTENEDORES 3 4 [MECANICA a 4| 3 7.5
Slide 19: Candelaria Port
Candelaria Port ah SREY ADMIRALTY RESOURCES
Slide 20: Port of Punta Alcalde
Port of Punta Alcalde Estimated Cost —- US$32m 14km road upgrade 300,000 tonne stockpile Container loading facility — Fruit Port Iron ore loading — Santa Barbara Copper/Silver — Barrick Mines Coal unloading — Pascua Lama Power project Estimated Completion date Jan 2009 subject to funding c 2007 Tatr
Slide 21: Rincon Salar - Argentina
Rincon Salar - Argentina 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). Sodium Carbonate,
Slide 22: Rincon Salar - Argentina
w Rincon Salar - Argentina REFERENCE Cental Fats Beagrie ‘Ran, Skgelesae) BOLIVIA PF mepacren tea hy ePucy UEE AHbR &C 0 Kah os ABO CHILE Rinoon Salar —~ INCON PROUECT Soleirs of the Puna & Strucksral Elements: The Resource The Rincon Project is located in north-western Argentina near the Chilean bo
Slide 23: Rincon Salar - Argentina
Rincon Salar - Argentina Lithium Concentrations from drill hole da’ o =A,B.C.D Pozos de explotacion §=— Caminos EF.G Pozos de reserva = Goo. Minero eS. 22 SREY ADMIRALTY RESOURCES
Slide 24: Pilot Ponds Construction and Laboratory
Pilot Ponds Construction and Laboratory SREY ADMIRALTY RESOURCES
Slide 25: The Lithium Extraction Process
Rincon Salar - Argentina The Lithium Extraction Process Shipping at market we | lonigation: ‘plant Lithium Chiorda c. Salt removed d. Magnesium removed d. Sodium sulphate removed d. Potash removed e. f. Lithium Chloride produced, then LiCO3, LIOH SREY ADMIRALTY RESOURCES 24
Slide 26: Production Estimates
Production Estimates = Lithium Chloride (Dec 2008) » 17,000 tonnes per annum ( 10,000 tonnes Lithium Carbonate and 3,000 Lithium Chloride, 4,000 tonnes of lithium Hydroxide) = US$5,000 - $6,500 per tonne for Lithium Carbonate, LiCl — spot $7,500++ = Used for Aluminium welding, batteries, clothing an
Slide 27: Rincon Salar - Argentina
Rincon Salar - Argentina April 2006 Prices -$3 Lb = $6,600 Tonne -Our price assumptions Risk weighted at $4,500 - 25% price increase forecast SREY ADMIRALTY RESOURCES Latest lithium mineral & carbonate prices dees for both Iithlum car Porn a basic ingredient for the production of fithigns batteries.
Slide 28: Japanese Import Statistics — Lithium Carbonate
Japanese Import Statistics — Lithium Carbonate Lithium JAN.2007 FEB.2007 MAR.2007 APR.2007 cronate fHNTT™T vauue [RATT] vauue [OVAMTTY] AE | sree [QUANTI ave su SSC JCHINA 95,514] 744,587] 60,000) 431,253 46,000) 308,245 6,701 79,100) 617,571 7,807 JGERMANY 2,550 67,204 2,000 47,276] 2,000 47,650 23
Slide 29: Bulman — Northern Territory
Bulman — Northern Territory Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia’s Northern Territory. Applied for ELA23814 — 637 sq kilometres In the 1950’s CRA estimated there was ** 375,000 tonnes @ 15% Zn and 2% Pb of mainly oxide material. The Bulman Leases and fiv
Slide 30: Bulman EL-23814
Bulman EL-23814 AQO.LARELL NYGELLYON ‘NOIDG BADINON, PISE? ON NOLLVOVIdd ¥ JONSON NOLLVEO TEKS Punngnpin eas ELA 23614 Survey PnP ag orineve Lod Coaaelh Ea a eh 3 Rowe est i iB Casuarina WY O44 Excluded Lang Sei an sees Ge. SEP AT) NWT GaSe GNV ONVTINGSNOOS SNINTILNG IVIN NOLLVOOT-Y SEAN.
Slide 31: Bulman — MLN 726
Bulman — MLN 726, 727 (Gb ceeises c a Bulan MLN 726 T27 sere reac) B.2007 Mapbala Scivnices Piylis: PSMA 07 BiglialGiebe Roluer 13 (suv2t 10 20) E elev 8600 Streaiiig IIH 30 eS. 30 SREY ADMIRALTY RESOURCES
Slide 32: Bulman Project Geophysical Anomalies
wn 2 © = ° = <x o — N oS ¢ © oS © ® I w ® oO hon =| ° m ® ~ c c £ S a er UTE FM woe" Tra marin — Ereinage é i i 3 \ i H % Pacem WR tea > Btn AONIRALTY RESQUBCES BULMAN PROJECT GEOPHYSICAL ANOMALIES, SOIL Pi & Zi ANGMALIES Fuseamiieaito femndaton, Bre > 80pm (a 31 iis, SREP ADMIRALTY RESOURCES
Slide 33: Pyke Hill — Nickel Cobalt JV — Cougar Metals NL
Pyke Hill — Nickel Cobalt JV —~ Cougar Metals NL = 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. = Aircore drilling undertaken by Cougar in FY2004
Admiralty Resources NL — Investor Presentation (June 2007) on 6ix