Slide 1: Moonta Area Exploration - SA Explorers Conference
Adelaide Resources Limited For personal use only SA Explorers Conference Moonta Area Exploration 26 November 2010 Speaker: Speaker: Chris Chris Drown Drown “Creating “Creating wealth wealth through through discovery” discovery”
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 toto inform inform youyou about about Adelaide Adelaide Resources Resources Limited and its
Slide 3: Adelaide Resources - Current position
Adelaide Resources - Current position For personal use only • Gold-copper and uranium focused explorer. • Strategic land positions in SA, NT and QLD. • Cu-Au discoveries at 100% owned Rover Project - NT. • Cu-Au discovery at 100% owned Willamulka prospect - SA • Active Uranium joint ventures - SA. “
Slide 4: Current Project locations
Current 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 discov
Slide 5: Regional Location
Regional Location For personal use only South end of the regionally extensive Olympic Copper-Gold Province on eastern margin of the Gawler Craton as defined by GA/PIRSA. Prospective for Iron Oxide Copper-Gold (IOCG) deposits. “Creating “Creating wealth wealth through through discovery” discovery”
Slide 6: A Rich Mining History
A Rich Mining History For personal use only Moonta - Wallaroo Mines Discovered 1860. Mined from 1861 to 1923. 336,000t Cu @ 5.4%. 54,000oz Au @ 0.26g/t. Ore hand picked. 1915 Richmans Enginehouse Poona & Wheal Hughes Mines Discovered 1985. Mined from 1989 to 1994. 19,000t Cu @ 4.0%. 15,000oz Au @ 1.
Slide 7: Yorke Peninsula Setting
Yorke Peninsula Setting For personal use only ADN tenement 819 sq km. ADN Tenement Captures the historic “Copper Triangle” copper-gold mining district. ADN is searching for Rex Minerals Tenements gold-rich Cu-Au deposits. Region is delivering exciting exploration results driving a significant escala
Slide 8: Published Geology (1:250k sheets)
Published Geology (1:250k sheets) For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 9: Total Magnetic Intensity
Total Magnetic Intensity For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 10: Residual Gravity
Residual Gravity For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 11: 2010 Exploration Areas
2010 Exploration Areas For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 12: 2010 Calcrete Geochemistry
2010 Calcrete Geochemistry For personal use only Proven exploration technique. 1214 calcrete samples collected. Several robust anomalies defined. “Creating “Creating wealth wealth through through discovery” discovery”
Slide 13: Calcrete Geochemistry – historical and 2010 samples
Calcrete Geochemistry – historical and 2010 samples For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 14: Samples with >3ppb Au or >30ppm Cu
Samples with >3ppb Au or >30ppm Cu For personal use only >3ppb Au >30ppm Cu Shafts “Creating “Creating wealth wealth through through discovery” discovery”
Slide 15: 2010 Drilling Program
2010 Drilling Program For personal use only Two prospects tested. 53 AC holes drilled (2756m). 19 holes > 50ppb Au. 26 holes > 1000ppm Cu. “Creating “Creating wealth wealth through through discovery” discovery”
Slide 16: Willamulka Prospect
Willamulka Prospect For personal use only 1500 metre long gold- copper anomaly. Mineralisation (Cu, Au) intersected on all drill traverses. 900 metre open ended anomaly confirmed. High Au/Cu ratio apparent – gold-rich! “Creating “Creating wealth wealth through through discovery” discovery”
Slide 17: Prospect – Section
Willamulka Prospect – Section 1 For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 18: Section - Sodium
Section 1 - Sodium For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 19: Prospect Section
Willamulka Prospect For personal use only Section 2 Last hole of program (WAC53) intersects 9m at 2.25% Cu and 1.09g/t Au (to EOH). “Creating “Creating wealth wealth through through discovery” discovery”
Slide 20: Drill samples
Willamulka drill samples For personal use only WAC28: 17-29m. 12m @ 0.72% Cu, 2.0g/t Au WAC29: 26-40m. 19m @ 0.51% Cu, 0.16g/t Au “Creating “Creating wealth wealth through through discovery” discovery”
Slide 21: Prospect Geophysics
Willamulka Prospect Geophysics For personal use only Willamulka Willamulka RTP Magnetics Residual Gravity “Creating “Creating wealth wealth through through discovery” discovery”
Slide 22: Prospect MPD 04-17 core
Willamulka Prospect MPD 04-17 core For personal use only “Creating “Creating wealth wealth through through discovery” discovery”
Slide 23: Prospect MPD 04-17 drill core
Willamulka Prospect MPD 04-17 drill core For personal use only 345.2m 352.0m “Creating “Creating wealth wealth through through discovery” discovery”
Slide 24: Prospect MPD 04-17 drill core
Willamulka Prospect MPD 04-17 drill core For personal use only 139.7m 157.5m “Creating “Creating wealth wealth through through discovery” discovery”
Slide 25: Prospect MPD 04-17 drill core
Willamulka Prospect MPD 04-17 drill core For personal use only 261.0m 184.7m “Creating “Creating wealth wealth through through discovery” discovery”
Slide 26: Comparison at same scale as Hillside and Poona
Willamulka at same scale as Hillside and Poona For personal use only Hillside Hillside Willamulka Inferred Inferred Mineral Mineral Resource Resource 100Mt 100Mt @@ 0.7% 0.7% Cu, Cu, 0.2g/t 0.2g/t Au Au Inferred Inferred Resource Resource Boundary Boundary Poona Mine Source: Source: Rex Rex Minerals
Slide 27: Moonta Project Summary
Moonta Project Summary For personal use only • Strategic ground holding in Olympic Copper-Gold Province. • Shallow copper and gold intersections at Willamulka Prospect. • Willamulka has confirmed 900m strike (open). • Early days, but the scale of Willamulka could be similar to RXM’s Hillside Prospec