Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Shareholder Meeting (November 2017)
33 slides from Andromeda Metals's shareholder meeting presentation, Nov 30, 2017
Slide 1: 2017 Annual General Meeting – Managing Director's presentation
For personal use only 2017 Annual General Meeting 30 November 2017 Managing Director’s presentation Drill – Discover – Develop 1
Slide 2: 12 Month Summary
For personal use only 12 Month Summary • Commodity focus on gold, with copper and other metals secondary targets • Successful recapitalisation of the Company through placement and Rights Issue • Restructured Board of Directors • Funding in place to drill test Drummond epithermal gold targets • Recen
Slide 3: Restructured Board with complementary skills
For personal use only Restructured Board with complementary skills Rhod Grivas – Non‐Executive Chairman 25+ years in resources, including all aspects of the industry from exploration through to production, coupled with extensive corporate experience. An accomplished geologist with a significant hist
Slide 4: Gold and copper prices – 12 months
For personal use only Gold and copper prices – 12 months A$ Gold per ounce 1750 1700 1650 Gold A$ ~7% increase in 1600 price over 2017 1550 1500 1/12/2016 1/03/2017 1/06/2017 1/09/2017 1/12/2017 A$ Copper per pound 4.50 4.25 4.00 Copper A$ ~17% increase in 3.75 price over 2017 3.50 3.25 1/12/2016 1/
Slide 5: Project portfolio
For personal use only Project portfolio Gold • Drummond (Queensland) – funding in place to complete first drill tests at epithermal gold targets in high grade Pajingo district • Pilbara (Western Australia) – recent transaction will see Ashburton and “conglomerate” gold opportunities acquired • Eyre
Slide 6: Drummond epithermal gold - QLD
For personal use only Drummond epithermal gold ‐ QLD Drill – Discover – Develop 6
Slide 7: Drummond epithermal gold – 100% owned
For personal use only Drummond epithermal gold – 100% owned Classic epithermal gold targets in the highly regarded Pajingo region • Targeting high grade gold hosted by epithermal quartz veins (eg >3Moz Pajingo, Yandan and Wirralie) • Historical epithermal style gold prospects confirm presence of min
Slide 8: Same vein textures as seen at Pajingo
For personal use only Same vein textures as seen at Pajingo Crustiform‐colloform banded veins best gold host texture Pajingo Mine South West Limey Dam Bunyip Zed Lode (U/G) Nadia vein (surface) Main vein (surface) 26.2g/t Gold 34.2g/t Gold 19.7g/t Gold Drill – Discover – Develop 8
Slide 9: General model of an epithermal gold system
For personal use only General model of an epithermal gold system Arsenic Zone Gold Zone (At depth below arsenic zone) (After Buchanan (1981), Morrison et al. (1990) and Corbett & Leach (1997)). Drill – Discover – Develop 9
Slide 10: Bunyip drill target
For personal use only Bunyip drill target Stand‐out target never drilled • Surface rock chips to 19.65g/t gold confirm auriferous system • All required approvals are in place to complete first‐ever drill tests at Bunyip • Over 2,000 metres of quartz veins exposed at surface • Strong associated arsen
Slide 11: Additional drill-ready targets
For personal use only Additional drill‐ready targets Three additional targets also ready for drill testing • Poppi’s Prospect – surface rock chips include 6.04g/t, 4.06g/t, 3.54g/t and 2.70g/t gold. Silver to 22.7g/t present. (Gold zone exposed at surface) • Roo Tail – rock chips include 2.19g/t and
Slide 12: Pilbara gold - WA
For personal use only Pilbara gold ‐ WA Drill – Discover – Develop 12
Slide 13: Acquisition metrics
For personal use only Acquisition metrics • On 27 October 2017 ADN signed a binding term sheet that, subject to due diligence and an upfront payment of $25,000, could lead to the acquisition of two Pty Ltd companies holding ELAs in the Pilbara region of Western Australia • Due Diligence investigatio
Slide 14: Ashburton gold tenements
For personal use only Ashburton gold tenements • 15 km south of Paulsens gold mine (produced over 700,000 oz at 7.6g/t Au) • E 08/2954 and nearby E 08/2955 secure intervals of the gold prospective Mount McGrath Formation and its associated ironstone‐quartz breccia units. To southeast the same rocks
Slide 15: Conglomerate gold tenement
For personal use only Conglomerate gold tenement • Geology in area of E 48/1196 includes Mount Roe Basalt and basal conglomerates of the Hardey Formation draping an inlier of older greenstones to the west • A number of gold occurrences are associated with the conglomerates, and gold nuggets have bee
Slide 16: Eyre Peninsula gold - SA
For personal use only Eyre Peninsula gold ‐ SA Drill – Discover – Develop 16
Slide 17: Eyre Peninsula gold
For personal use only Eyre Peninsula gold Gold discovery in Central Gawler Gold Province • 200,000 ounce Mineral Resource for 100% owned Wudinna Gold Camp (Barns, Baggy Green, White Tank) announced Jan 2017 • Gold recoveries averaging 97.7% achieved using conventional flowsheet in 2017 metallurgical
Slide 18: Wudinna Gold Camp
For personal use only Wudinna Gold Camp Cluster of JORC gold resources and earlier stage prospects in 6km x 3km camp Drill – Discover – Develop 18
Slide 19: Wudinna Gold Camp consolidated Classified Mineral Resources
Wudinna Gold Camp consolidated Classified Mineral Resources For personal use only Consolidated Mineral Resource summary • 3.849M tonnes at 1.62g/t gold for 200,300 ounces of gold (0.5g/t gold lower cut‐off grade) • 2.610M tonnes at 2.03g/t gold for 170,000 ounces of gold (1.0g/t gold lower cut‐off g
Slide 20: Excellent metallurgy confirmed
For personal use only Excellent metallurgy confirmed Average gold recoveries of 97.7% achieved using conventional flowsheet • Supergene and primary zone composites from both Barns and Baggy Green tested • Testwork included grind establishment, bottle role, gravity, leach, flotation tests • Gold reco
Slide 21: $5 million farm-in and joint venture
For personal use only $5 million farm‐in and joint venture Farm‐in and joint venture with Lady Alice Mines (“LAM”) • LAM must spend $2.1M over 3 years to earn 50% • LAM can then elect to increase spend to $3.75M over 5 years to earn 65% • LAM can then elect to increase spend to $5.0M over 6 years to
Slide 22: Moonta copper - SA
For personal use only Moonta copper ‐ SA Drill – Discover – Develop 22
Slide 23: Moonta copper project – 100% owned
For personal use only Moonta copper project – 100% owned Famous “Copper Triangle” location at southern end of Olympic IOCG province. • Numerous shallow deposits discovered by Andromeda Metals and past explorers • The significant prospects are all 100% owned • Conventional mining opportunities • In‐s
Slide 24: Highly mineralised project
For personal use only Highly mineralised project Good grade copper hits at numerous prospects Alford West (Bruce Zone) cross section • 819km2 project securing district with significant past copper production • IOCG deposit style • drill results include: ‐ 20m at 4.20% Cu, 0.27g/t Au (Alford West) ‐
Slide 25: Innovative in-situ copper recovery concept
For personal use only Innovative in‐situ copper recovery concept To work, ISR needs the following • Target metal must be present in a soluble mineral phase • Mineralised zone must be porous and permeable • Mineralisation must not contain non‐target phases which consume leaching agent • Mineralisatio
Slide 26: Wombat and Bruce show ISR potential
For personal use only Wombat and Bruce show ISR potential • Mineralisation contained in deep porous and Photo 1 – impermeable fresh rock permeable(?) weathering troughs • Troughs are below the water table and fresh rock enclosing troughs form aquicludes Photo 2 – weathered, porous, permeable? copper
Slide 27: Large Exploration Target estimated
For personal use only Large Exploration Target estimated 3D models of the Wombat and Bruce weathering troughs allow estimation of resource potential • Andromeda Metals has estimated a combined Exploration Target for the Wombat and Bruce troughs of 80 to 120 million tonnes at a grade ranging between
Slide 28: Moonta options
For personal use only Moonta options Moonta presents both conventional and ISR copper production opportunities • 100% owned project in Olympic Copper‐Gold IOCG Province geological address • Highly mineralised district with significant past production • Numerous deposits and prospects discovered • Ou
Slide 29: Rover copper gold - NT
For personal use only Rover copper gold ‐ NT Drill – Discover – Develop 29
Slide 30: Rover copper gold
For personal use only Rover copper gold Tenements back under ADN control • 287km2 100% owned project • Typical Tennant Creek style deposits (ironstone hosted – bonanza gold grades) • Strong third party interest following premature withdrawal from JV by Emmerson Resources • Westgold’s Rover 1 deposit
Slide 31: Andromeda Metals 2017 Summary
For personal use only Andromeda Metals 2017 Summary • Successful recapitilisation of Company • Restructured Board of Directors • First drilling planned at Drummond gold targets including Bunyip • Recent acquisition of Pilbara gold project with on‐ground exploration planned after tenements granted •
Slide 32: Disclaimer, Competent Person's statement and JORC statements
Disclaimer, Competent Person’s statement and JORC statements For personal use only Disclaimer The information in this presentation is published to inform you about Andromeda Metals Limited (“Andromeda Metals” or the “Company”) and its activities. Some statements in this presentation regarding estima
Slide 33: Contact: Chris Drown
For personal use only Contact: Chris Drown (08) 8271 0600 Chris.drown@andromet.com.au Drill – Discover – Develop 33
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