Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Shareholder Meeting (November 2007)
32 slides from Admiralty Resources NL's shareholder meeting presentation, Nov 8, 2007
Slide 1: AGM Review of Operations Presentation
For personal use only Ad i lt Resources Admiralty R NL AGM REVIEW OF OPERATIONS PRESENTATION November 2007
Slide 2: Company Overview
Company Overview For personal use only ASX:ADY OTCBB:ARYRY (see www.adrbny.com) 973.875 million shares on issue (at 5 November 2007) 10.423 million unlisted options at 10 cents exercise price Nov 07 expiry 5.5 million employee options at 10 cents expire Nov 09 988 million shares fully diluted 433 mi
Slide 3: Key Personnel
Key Personnel For personal use only Board of Directors Prof. J Ross Harper CBE – LLB MA DUniv Chairman, Scottish Coal, legal background, London Michael Robert Clarke MSc – Managing Director – Santiago, Santiago Chile Phillip Thomas – BSc MBM AIG SIA Director, geology, investment, marketing – located
Slide 4: The Year In Review
The Year In Review For personal use only Demerger announced – to add investor value and management focus Achieved revenues to 30 June 07 of US$5.95m US$5 95m and $14.8m $14 8m to 30 Oct 07 from sales of iron ore to WISCO Released ASX JORC indicated and inferred reserves of 89 million tonnes
Slide 5: The Year Ahead
The Year Ahead For personal use only CMSB d 2ndd Client WISCO and Cli 3 year contracts (2008 (2008-2011), 2011) 7 year HOA Production reaches 100,000 tonnes per month (2,000t per hour) F b/M Feb/March h demerger d completed l t d 1 April 2008 international price increase S 2008 C Sep Cande
Slide 6: The Year Ahead continued
The Year Ahead continued For personal use only April 2008 - $60m project finance in place Dec 2008 – construction of plant and 50% of ponds completed Bulman January 2008 – geomagnetic survey results known July 2008 – drilling results and geological model known Sept 2008 – strategic positio
Slide 7: Demerger – what are the elements?
Demerger – what are the elements? For personal use only Constitution will be changed to acquire unmarketable parcels, saving the company substantial amounts in ASX, annual report fees The number of Admiralty shares on issue will be reduced to 280 million An EGM will be held to decide if we sho
Slide 8: CMSB Project Overview
CMSB Project Overview For personal use only Cia Minera Santa Barbara Nov 2007 – 30,000 tonnes p per month, 500 hours p per month Nov 2007 – sign port agreement with Phelps Dodge for Candelaria, 4.5 years with roll option Jan 2008 - $3.0m of equipment installed – capacity increase to 100,000 tonnes p
Slide 9: Rincon Pilot Plant - timetable
Rincon Pilot Plant -timetable For personal use only Rincon Lithium Limited Pilot Plant Construction and Commissioning Duration, Task Begins Ends days Pilot Plant Assemblyy • Complete plant testing 14 29 Oct 15 Nov • Transport to site 3 16 Nov 20 Nov • Assembly, including electrics 7 21 Nov 29 Nov •
Slide 10: Key Statistics – Santa Barbara
Key Statistics – Santa Barbara For personal use only 7,421 hectares of tenements at Japonesa Group Mine Vallenar 3,100 hectares at Pampa Tolofo, near Las Colorados Caleta P t Port Santa Fe 10,000 metres drilling, 2.4m tonne capacity per annum (SB and SF) Mine JORC 89.0 m tonnes grading 18% at Japone
Slide 11: 10,000 Hectares in Iron Ore Belt
10,000 Hectares in Iron Ore Belt For personal use only New Tenements Existing Tenements (Japonesa Agreement) Name Size - hectares Mine Name Size - hectares Leo 3 200 *Japonesa 34 Leo 4 200 *Japonesita 96 Leo 7 200 *Mirador 21 Leo 8 300 *Gibaiju 41 Leo 9 300 Natasha 50 Leo 10 200 Tatiana 60 Leo 11 20
Slide 12: Current Production and Operations
Current Production and Operations For personal use only Production (Tonnes) 2007 Japonesa Jan --- Feb 11,781 Mar 22,764 Apr 30,847 May 27,444 June 26 433 26,433 July 32,481 August 36,051 Sept 36,627 Oct 34,045 Santa Barbara has grizzly, primary crusher and high speed drums to crusher, install (Jan 0
Slide 13: Reserves and Resource Estimates – Santa Barbara
Reserves and Resource Estimates – Santa Barbara 89 Million Tonnes For personal use only Mine Tonnage Weighted Average Grade Japonesa 42.0 million 13.7% Japonesita* 47.0 million 21.6% Chilean Viejo* Mariposa* Mirador* Viviana Viviana* Juanita* Negrita* Soberana* Primavera* Leo2* 13
Slide 14: Caleta, Caldera Port
Caleta, Caldera Port For personal use only Candelaria Port - Panamax Laser Picture of Iron ore stockpiled at Caleta Port Caleta Pier - handymax loading at Caldera Hopper ship loading 14
Slide 15: Port of Punta Alcalde
Port of Punta Alcalde For personal use only Estimated Cost – US$32-$40m Main road to pass site 14km road upgrade 300,000 , tonne stockpile p Container loading facility – Fruit Port Iron ore loading – Santa Barbara Copper/Silver – Barrick Mines Coal unloading – Pascua Lama Power project Estimated Com
Slide 16: Rincon Salar - Argentina
Rincon Salar - Argentina For personal use only 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,
Slide 17: Rincon Salar - The Resource
Rincon Salar - Argentina For personal use only The Resource The Rincon Project j is located in north-western Argentina near the Chilean border. It is a hyper saline lake, brine enriched in lithium, magnesium, potash, and boron, with three rivers providing idi subterranean bt waters t fl i flowin
Slide 18: JORC Reserve Calculation
JORC Reserve Calculation For personal use only 18
Slide 19: Production, Observation Wells and Ponds
Production, Observation Wells and Ponds For personal use only Analysis Mean, Relative mg/L dispersion f from the th mean Li+ 394 ±11% K+ 7,972 ±9% Na+ 113,903 ±5% Ca++ 712 ±65% Mg++ 3,667 ±14% Cl- 195,067 ±3% SO4= 12,334 ±66% B4O7= 1,762 ±44% CO3H- 386 ±17% 19
Slide 20: Admiralty Salar de Rincon Pilot Plant
SEPTEMBER 2007 Admiralty Salar de Rincon Pilot Plant For personal use only • All major components have been manufactured and are being assembled on site; Sep ‐ Oct 2007 • Pond Liners installed by end Oct 2007 • Plant automated to largest practical degree – plus global data transfer 20
Slide 21: Product Specification
Product Specification p For personal use only 21
Slide 22: Pilot Ponds Construction and Laboratory
Pilot Ponds Construction and Laboratory For personal use only 22
Slide 23: Japanese Import Statistics – Lithium Carbonate
Japanese Import Statistics – Lithium Carbonate For personal use only USD Per tonne lithium Carbonate May-07 imported into Japan Lithium carbonate price i per ttonne 16,000 14,000 CHINA 7,325.51 12,000 GERMANY 39,575.14 10,000 CHINA CANADA CANADA 14,024.21 8,000 USA CHILE 6,000 ARGENTINA USA 6,224.74
Slide 24: The Demand for Lithium Compounds Is About to Skyrocket
THE DEMAND FOR LITHIUM COMPOUNDS IS ABOUT TO SKY ROCKET For personal use only • SQM Estimate of 00-06 CAGR – 6.8%, BUT; HEV, personal battery powered devices and other applications is causing accelerating growth in demand. Lithium Battery CAGR 2000-05; 2000 05; 25% • Car makers are now using Lithium
Slide 25: Global Lithium Supply & Pricing – an Opaque Oligopoly
Global Lithium Supply & Pricing – an Opaque Oligopoly SEPTEMBER 2007 Admiralty Estimates a 30% Global Shortage of High Grade LCE ADY Full Scale Production will have limited impact on increasing prices For personal use only Admiralty Japanese Industrial Roskill SQM Estimate Corporate Minerals 2006 Es
Slide 26: Admiralty Rincon Project Risks – Risk Rating
Admiralty Rincon Project Risks – RISK RATING Summary of Risks from Detailed Analysis For personal use only Consequence Insignificant Minor Moderate Major Catastrophic Likelihood (1) (2) (3) (4) (5) Almost Certain (5) Likely 5.3 (4) earthquake Possible 4.4 gas 4.1 econ ((3)) b fit benefits Unlikely 4
Slide 27: Admiralty Salar de Rincon - Summary
Admiralty Salar de Rincon - Summary For personal use only • A World Class Lithium Reserve plus “Free” Potassium Chloride (MOP), and Sodium Sulphate sales from Rio Grande • Potential for production significantly greater than planned • Rapidly increasing world demand on many fronts not just batteries;
Slide 28: Bulman – Northern Territory
Bulman – Northern Territory For personal use only Zinc and Lead oxide, sulphide deposit located in southern Arnhem land in Australia's Northern Territory. 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
Slide 29: Bulman Exploration Licences
Bulman Exploration Licences For personal use only 29
Slide 30: Bulman – MLN 726
Bulman – MLN 726, 727 For personal use only Bulman Mining leases showing outcrops and banding 30
Slide 31: Bulman Resources Lead and Zinc Anomalies
Bulman Resources Lead and Zinc Anomalies For personal use only 31
Slide 32: Pyke Hill – Nickel Cobalt JV – Cougar Metals NL
Pyke Hill – Nickel Cobalt JV – Cougar Metals NL For personal use only 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. Estimated in-ground value $3.
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