Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Rover Project Conference (Paydirt 2005)
23 slides from Andromeda Metals's conference presentation, Apr 8, 2005
Slide 1: Rover Project - Lifting the lid on a bonanza field?
_ Aeelaide Resources Linited _ per Project ; : “Lifting ¢ the | lidona- bonanza field? A Speaker: Chris Drown Rover Project CONFERENCE
Slide 2: Company Profile
- : : _Company Profile _ Adelaide Resources Limited __ * ASX Code: ADN * Shares issued 63.43 million *Unlisted-options: : 2. 0 million $3.15 million (end Decd4) ~1350 shareholders: Major Shareholders: _ Troy Resources NL (14. 5%) : Keith Yates (8. 9%) : Board members left to right: ° 142 month trad
Slide 3: Tennant Creek location map
‘|NORTHERN & Alice TERRITORY/ Springs QLD Wiso Basin Covet >100 ® Operating mine ® Historic mine Warramunga Formation a 20 kilometres
Slide 4: Rover Gold Project
Fr —___s Rover Gold Project _ a a. Adelaide Resources Limited _ / _ _ Agreement with ee _ > Acquisition 100% of 3 tenements - 400. Jay km. 1 . $400, 000 exploration in 118; months . SR ya of 5% 102.5% | 7 | | * Newmont retains 70% buy-back if > 1.5 Moz Rover Project
Slide 5: Rover Gold Project
ve ane eee a nan fe enone ea Moe neantniniinaNte F* . a | Rover Gold Project Adelaide Resources Limited What hee - oo ‘2ELs and 1 ELA . ‘Signed Deeds of Exploration with TO's - : . _ / : | a Ground: and airborne geophysics _ . 24 DDHs for 8135m testing. 8 prospects ¢ Estimated value of past work ~$2
Slide 6: Tennant Creek Goldfield
_ Tennant Creek Goldfield Adelaide Resources Limited Gold first mined early 1930's. Production to date 5.5 Moz gold 487,000 T copper Ironstone Hosted. lronstone Outcrop - Warrego Road Rover Project
Slide 7: Nobles Nob
“Nobles Nob “Acelaide Resources Limited. Australian Development's _ “Company Maker” 1.1Moz gold : production at oe 3 git rec grade: lronstone boulders
Slide 8: White Devil
nee Adelaide Resources Limited : Normandy’s 000 oz se production: at White Devil White Devil Ore White Devil Pit Rover Proje alta @ CONFERENCE
Slide 9: Juno Mine - a bonanza!
Fe —_ Juno Mine - a bonanza! | Ageloide Resources Limited : ‘Company Maker" Per — 200- | massive magnetite 452,000 T @ 56.19/t Au ss 815,0000z 250 magnetite - chlorite stringer Max. ore dimensions 300 - Strike: 70m \ chlorite alteration pipe Width: 40m Depth: 50m 40m Rover Project
Slide 10: Tennant Creek - Major producers
Fe _Tennant Creek - Major producers _ “AclaideResourcestimited Mine Tonnes Au (ait) Tau (oz) Warrego 6,750,000 6.6 1,475,000 Nobles Nob 1,996,000 1,110,000 Juno 452,000 815,000 White Devil 1,618,000 761,000 Peko 3,676,000 414,000 Rover Project
Slide 11: Rover Project - Locality
Rover Project - Locality Cambrian _ Wiso Basin ® Operating mine ® Historic mine Warramunga Formation a Wiso Basin, 20 kilometres Cover >1400m CONFERENCE
Slide 12: Rover Field tenements
ieee _ Adelaide Resources Limited Central Tennant Creek Field econo “EL 7739: Rover Field
Slide 13: TMI Comparison
| TMI Comparison — | Adelaide Reeources Li uno (815,0000z) =—_—RRover 12(?07) Rover Project
Slide 14: Rover Field - Underdrilled!
abn seen iia tic unt Adelaide eSources Limited | Rover Field — Underdrilled! ee Re (2 holes) Rte (Bholes) — (> | (3 holes) : _ Whol R11 RO EL 7739 | R2 © holes) | ee (6 holes) (4 holes) 5km Rover Project
Slide 15: Magnetite quartz lode samples
_ Magnetite quartz lode from Eldorado _ Massive ironstone Magnetite quartz Jasper lode from from Rover 11 lode from Rover 4 Rover 4 ‘OLD Rover Project CONFERENCE
Slide 16: Do we have any mineralisation?
I» . Do we have any mineralisation? see Aaelal E Resources: Limited | 2m @ 2.0 git Au 3m @ ee am @ 0.9% Cu | Rover 1 (<100m outside tenement): 15m @ 17.3 git Au, 0.7% Cu 20m @ 5.2 git Au, 1.7% Cu Rover Project
Slide 17: Would a discovery be economic?
i aos I. |. Would a discovery be economic? | __ Adelaide Resources Limited ss Wiso Basin 150m Warramunga 50m 1mT @ 15g/t Au 200 m 200 m eee . . Capital budget $36 7 mM | . 4.5km decline | _e 6 year mine life; 434, 035 ozs “produced | _. Project NPV(E%) ba . 2 -AS590/Oz A Au Why does it work? GRADE!!
Slide 18: Rover Field - Stylised longsection
- Rover Field — - Stylised longsection | eats cantons _ Adelaide Resources Limited =. -. 600 — * @ |ronstone intersections Non ironstone intersections Rover Project
Slide 19: Rover Schematic Cross Section
#P _sRover Schematic Cross Section Adelaide Resources Limited _. _ DpH WISG BASIN COVER _ ec ait
Slide 20: Rover - Why the break in exploration?
MaiCoRaMCNNCeKnnaenECeNDecnNNG exo - 7 : Rover - Why the break i in exploration? : _ Adelaide Resources Limited | Normandy Normandy acguires _—s divests. Adress __ Peko's _ Central a _[C assets | Tc Field Rover BMR mags —_-Peko + JVdrilling 71960 1970 80h = ie 2000 © ALRA J Aboriginal Tenement Freen
Slide 21: Forward Program
canara _ Adelaide Resources Limited __Forward Program | Aboriginal site clearance — * Magnetic modelling : e Final selection of drill targets * Drilling Gary Maddocks Consulting geologist Rover Project
Slide 22: Rover Field - In Summary
_Rover Field - In Summary _ | Adelaide Resources Linited | 100% owned Analogous io Tennant Creek ~ a | bonanza field! | Seven priority targets - underdrilled Drilling second half. 2005 ae Rover Project
Slide 23: i et aa Aa ee oie cues
i et aa Aa ee oie cues | Adelaide Resources Limited
Adelaide Resources — Rover Project Conference (Paydirt 2005) on 6ix