Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Investor Presentation (February 2014)
32 slides from Andromeda Metals's investor presentation, Feb 3, 2014
Slide 1: Broker Presentation February 2014
For personal use only Broker Presentation February 2014 #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: Corporate statistics
Corporate statistics For personal use only • Listed on ASX in 1996 (ADN) • Shares issued ~229 million • Unlisted securities 2.25 million • Cash ~$2.95 million • Shareholders ~2500 • Top 40 hold 43.5% • Major holders Navigator Australia 6.5% MLB Holdings Pty Ltd 5.5% • 12 month trading 3.6 to 25 cent
Slide 4: The Board and Senior Management
The Board Senior Management For personal use only Mike Hatcher – Geologist Nick Harding – Accountant Non-executive Chairman Company Secretary/CFO 40+ years experience 25+ years experience Chris Drown – Geologist Mark Manly – Geologist Managing Director Exploration Manager 25+ years experience 25+ ye
Slide 5: Project locations
Project locations For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper/Silver Australia ANABAMA Copper/Gold/Iron Ore MOONTA Victoria YALANDA Copper/Gold Gold/Silver #5
Slide 6: Why invest in Adelaide Resources?
For personal use only Q: Why invest in Adelaide Resources? A: Because it owns one of the nation’s most exciting copper-gold exploration plays in one of the world’s premier copper belts. #6
Slide 7: Moonta Project – location plan
Moonta Project – location plan For personal use only #7
Slide 8: 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 Major exploration is BHPB companies allowed is FMG and copper pegged. Oz Minerals producers Rex dominate. Rio Tinto Sandfire Th
Slide 9: OCGP – depth to prospective basement
OCGP – depth to prospective basement For personal use only The Yorke Peninsula in general, and ADN’s A Moonta Project in particular, has some of Prominent Hill (100m) the shallowest cover anywhere along the Vulcan (900m) Challenger entire Olympic Copper Gold Province. Olympic Dam (330m) Carrapateena
Slide 10: Moonta Project – modern exploration history timeline
Moonta Project – modern exploration history timeline For personal use only Copper Price Historical exploration at Moonta dominated by large companies, presenting Adelaide Resources with a valuable historical database and a scale opportunity in a period of improved copper prices. #10
Slide 11: "Buried Treasure" discovered in open file DMITRE report
“Buried Treasure” discovered in open file DMITRE report For personal use only 10m @ 2.3% Cu from 59m in old Alford hole AL11 #11
Slide 12: Alford West – 1970's auger copper anomaly
Alford West – WMC/NBH 1970’s auger copper anomaly (>200ppm), drillhole collars and area tested by ADN in 2013. For personal use only Area of 2013 drilling #12
Slide 13: Alford West Prospect – Section 753,730 mE
Alford West Prospect – Section 753,730 mE For personal use only 20m @ 4.20% Cu, 0.27g/t Au 11m @ 2.33% Cu, 0.68g/t Au 6m @ 0.86% Cu, 0.06g/t Au 5m @ 0.92% Cu, 0.15g/t Au 18m @ 2.22% Cu, 0.17g/t Au 4 @ 1.38% Cu, 0.44g/t Au 6m @ 0.39% Cu, 0.03g/t Au 10m @ 4.23% Cu, 0.20g/t Au 3m @ 1.22% Cu, 0.08g/t Au
Slide 14: Alford West – multiple good drill intersections in 2013
Alford West – multiple good drill intersections in 2013. For personal use only Intersections calculated by averaging 1-metre chip samples. Copper determined by four acid digest followed by ICP-AES finish. Overrange copper (>1%) determined by AA finish. Gold determined by fire assay fusion followed b
Slide 15: Alford West – current 3-D model
Alford West – current 3-D model (ADN drilling only) For personal use only 3-D model looking SE Blue: 0.1% Cu shell Red: 0.2% Cu shell Deposit is open at depth and along strike #15
Slide 16: Recently defined additional targets and planned drill lines
Recently defined additional targets and planned drill lines For personal use only #16
Slide 17: 1970's shallow auger hits give confidence the deposit will grow
1970’s shallow auger hits give confidence the deposit will grow! For personal use only 5.49m (to EOH) @ 0.82% Cu 1.83m @ 1.40% Cu 1.83m (to EOH) @ 0.18% Cu 9.75m (to EOH) @ 0.68% Cu 10.36m (to EOH) @ 0.54% Cu 4.57m (to EOH) @ 1.64% Cu 6.1m (to EOH) @ 0.44% Cu Depths of annotated auger holes range fr
Slide 18: Alford Copper Belt – land access for FPXRF surveys
Alford Copper Belt – land access for FPXRF surveys For personal use only FPXRF soil geochem completed #18
Slide 19: Other Prospects - Wombat
Other Prospects - Wombat For personal use only Located about 1000 metres west of Alford West. #19
Slide 20: Other Prospects - Willamulka
Other Prospects - Willamulka For personal use only Located about 10 kilometres southeast of Alford West. #20
Slide 21: Moonta Copper-Gold Project Summary
Moonta Copper-Gold Project Summary For personal use only Alford West Prospect • 3.5 km long target at Alford West – 1.1 km drilled 2013. • Cu-Au on every drill line. Open at depth and along strike. • Newly defined targets (Blue Tongue) add ~1.5km of strike. • Exceptional potential to define a valuab
Slide 22: Why else invest in Adelaide Resources?
For personal use only Q: Why else invest in Adelaide Resources? A: Because it also owns a range of other excellent copper and gold exploration projects in pedigreed belts. #22
Slide 23: Rover Gold Copper Project – NT
Rover Gold Copper Project – NT For personal use only High grade “Tennant Creek” style deposits. #23
Slide 24: Rover Section
Rover 1 Section (ADN’s part) For personal use only System of substantial dimension confirmed. High grades of gold and copper intersected. Extension to MLX’s Rover 1 Resource (1.22Moz AuEq) #24
Slide 25: Rover Prospect
Rover 4 Prospect For personal use only Located about 2.2km northeast of Rover 1. Shallowest known mineralisation in the broader Rover Field. Wholly owned by ADN. Ranks second behind Rover 1 in terms of Rover Field deposits. #25
Slide 26: Drummond Epithermal Gold Project – location
Drummond Epithermal Gold Project – location For personal use only High grade epithermal gold deposits of “Pajingo” style. #26
Slide 27: South West Limey Dam Prospect
South West Limey Dam Prospect For personal use only FPXRF arsenic geochemistry. Rock chip sample from South West Limey Dam assaying 55.4g/t gold. #27
Slide 28: Eyre Peninsula Gold Project - SA
Eyre Peninsula Gold Project - SA For personal use only Geochemical gold BAGGY GREEN anomaly 8m @ 4.79g/t Au BARNS 24m @ 2.33g/t Au 24m @ 2.19g/t Au WUD2 CENTRAL 12m @ 3.38g/t Au 1m @ 37.8g/t Au 2m @ 67.6g.t Au WHITE TANK 17m @ 3.47g/t Au 7m @ 10.0g/t Au 30 KM Large project with confirmed gold deposi
Slide 29: Barns cross section 6369500mN
Barns cross section 6369500mN For personal use only 16m @ 1.0 g/t Au Depleted Oxide Primary 146.7 @ 0.87 g/t Au 88.6 @ 1.25 g/t Au 2m @ 67.6 g/t Au 11m @ 2.84 g/t Au 36m @ 1.80 g/t Au 9m @ 1.17 g/t Au 11m @ 2.45 g/t Au Mineralised zone 100 M #29
Slide 30: Other Projects Summary
Other Projects Summary For personal use only • 100% ownership of Rover Copper-Gold Project, including the Rover 4 deposit and part of the Rover 1 deposit. • 100% ownership of Drummond Basin project with epithermal gold systems (Pajingo style) confirmed to be present. • 100% ownership of majority of
Slide 31: JORC Code 2012 statements
JORC Code 2012 statements For personal use only The geotechnical information communicated in the slides in this presentation relating to Adelaide Resources’ past exploration results, and its assessment of exploration completed by past explorers, was first prepared and disclosed under the JORC Code 2
Slide 32: Providing shareholders with discovery opportunities!
For personal use only Providing shareholders with discovery opportunities! #32
Adelaide Resources — Investor Presentation (February 2014) on 6ix