Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (May 2013)
34 slides from Andromeda Metals's investor presentation, May 29, 2013
Slide 1: Investor Presentation
For personal use only Investor Presentation Presented by Chris Drown, Managing Director #1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involv
Slide 3: Key Points
Key Points For personal use only • Focused on copper and gold exploration. • Moonta Copper Gold Project in Olympic Copper-Gold Province is flagship project. • Excellent exploration results in maiden drill program at Alford West Prospect. • Clear potential to grow the Alford West discovery and signif
Slide 4: Moonta Project – location
Moonta Project – location For personal use only Following slides set the scene. #4
Slide 5: 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 6: 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 7: 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 8: 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. #8
Slide 9: 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 10: Alford West – magnetic image showing auger copper anomaly and collars
Alford West – magnetic image showing WMC/NBH auger copper anomaly and drillhole collars For personal use only #10
Slide 11: Alford West – plan of area of detailed drilling
Alford West – plan of area of detailed drilling For personal use only #11
Slide 12: Alford West Prospect – Section 753,730 mE
Alford West Prospect – For personal use only Section 753,730 mE #12
Slide 13: Alford West Prospect – Section 753,780 mE
Alford West Prospect – For personal use only Section 753,780 mE #13
Slide 14: Alford West Prospect – Section 753,830 mE
Alford West Prospect – For personal use only Section 753,830 mE #14
Slide 15: Alford West Summary of work to date
Alford West Summary of work to date For personal use only • Defined by poorly drill tested 3 kilometre long auger copper geochemical anomaly. • Detailed drill coverage restricted to 1/10 of anomaly. • High grade, wide intersections from multiple lodes present on each of six traverses of detailed dri
Slide 16: Alford West Prospect summary plan – stage two holes shown
Alford West Prospect summary plan – stage two holes shown For personal use only #16
Slide 17: Alford West – Phase two drilling with historic auger results
Alford West – Phase two drilling with historic auger results For personal use only Phase two holes in Red Auger Hole 507 Auger Hole 508 Auger Hole 509.5 3.4%Cu 54-60ft 3300ppm Cu 13.0%Cu 24-30ft Section 753,000 m E 950ppm Cu 66-70ft 18-24ft 390ppm Cu EOH EOH 48-52ft EOH #17
Slide 18: Alford West – Phase two drilling with historic auger results
Alford West – Phase two drilling with historic auger results For personal use only Phase two holes in red 514E Auger Line Auger Hole 501.5 Auger Hole 502.5 Auger Hole 506 Auger Hole 507.5 0.26% Cu 0.29% Cu 0.12% Cu 0.11% Cu 24-30ft EOH 30-32ft EOH 42-48ft EOH 30-36ft EOH Section 753,320 mE #18
Slide 19: Alford West stage two drilling underway
Alford West stage two drilling underway For personal use only Stage two drilling program commenced 27 May 2013. Program will more than quadruple the number of aircore holes drilled at Alford West by Adelaide Resources. Detailed drill coverage will increase from 300 metres to 1100 metres along the pr
Slide 20: Moonta Exploration Triangle
Moonta Exploration Triangle For personal use only Alford West is just part of the story. We have numerous other Goal is to progress targets establishing a strong prospects to higher exploration pipeline. levels and to higher quality. #20
Slide 21: The Alford Fault Zone – a new copper belt for Australia?
The Alford Fault Zone – a new copper belt for Australia? The Alford Fault Zone wraps around the contact of a Hiltaba Granite. Many For personal use only intersections greater than 10m at 1.00% copper present. Historic East Alford Drilling ALAC197 - 21m @ 1.01% Cu & 882ppm Co ALDDH09 - 14m @ 2.26% Cu
Slide 22: 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 23: Rover Gold Copper Project – NT
Rover Gold Copper Project – NT For personal use only 100% owned project with two copper-gold deposits (Rover 4 and ADN’s share of Rover 1) and several other early-stage prospects with mineralised drill intersections. #23
Slide 24: Rover Prospect – Section
Rover 1 Prospect – Section For personal use only System of substantial dimension confirmed on ADN’s ground. High grades of gold and copper intersected. Neighbour Metals X Limited has recently been granted approval to establish an exploration decline into Rover 1 (1.22 Moz Aueq resource). #24
Slide 25: Eyre Peninsula Gold Project – SA
Eyre Peninsula Gold Project – SA For personal use only 100% owned 4900 sq. km. project with three gold deposits (Barns, Baggy Green and White Tank), and many other prospects and targets. #25
Slide 26: Barns section
Barns section For personal use only 16m @ 1.00 g/t Au Depleted Oxide Primary 146.7m @ 0.87 g/t Au 88.6m @ 1.25 g/t Au 2m @ 67.6 g/t Au 11m @ 2.84 g/t Au 9m @ 1.17 g/t Au 36m @ 1.80 g/t Au 11m @ 2.45 g/t Au Mineralised zone 100 M #26
Slide 27: Drummond Epithermal Gold Project – Qld
Drummond Epithermal Gold Project – Qld For personal use only 100% owned gold project with confirmed epithermal systems present. Limey Dam Prospect #27
Slide 28: Appendix: Company Information
For personal use only Appendix: Company Information #28
Slide 29: 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 30: Corporate statistics
Corporate statistics For personal use only • Listed on ASX in 1996 (ADN) • Shares issued ~189 million • Unlisted securities ~3.1 million • Cash $2.4 million at 31 March • Shareholders 2210 • Top 20 hold 39.2% • Major holder Loftus Lane/Stiletto Invest. 7.7% • 12 month trading 3.5 to 25 cents • Marke
Slide 31: The Board / Senior Management
The Board Senior Management For personal use only Andrew Brown – Fund Manager Nick Harding – Accountant Non-executive Chairman Company Secretary/CFO 30+ years experience 25+ years experience Chris Drown – Geologist Mark Manly – Geologist Managing Director Exploration Manager 25+ years experience 25+
Slide 32: 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 The vast majority of the exploration spend goes on drilling and the admin/exploration ratio is low. #32
Slide 33: 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 #33
Slide 34: Providing shareholders with discovery opportunities!
For personal use only Providing shareholders with discovery opportunities! adelaideresources.com.au #34
Adelaide Resources — Investor Presentation (May 2013) on 6ix