Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Queensland Resources Investment Expo (June 2010)
26 slides from Andromeda Metals's conference presentation, Jun 18, 2010
Slide 1: A key player in one of Australia's most exciting gold-copper exploration destinations
For personal use only Adelaide Resources Limited A key player in one of Australia’s most exciting gold-copper exploration destinations Speaker: Chris Drown “Creating “Creating wealth wealth through through discovery” discovery” Slide 1
Slide 2: Disclaimer and Competent Person's Statement
For personal use only Disclaimer Disclaimer and and Competent Competent Person’s Person’s Statement Statement 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: Corporate statistics
Corporate statistics For personal use only • Listed Listed on on ASX ASX in in 1996 1996 (ADN) (ADN) • Shares Shares issued issued 111.2 111.2 million million • Unlisted Unlisted options options 4.0 4.0 million million • Cash Cash ~$8 ~$8 million million • Shareholders Shareholders 2500 2500 • Top T
Slide 4: The people
The people For personal use only Board Board members members left left to to right: right: John John den den Dryver Dryver –– Mining Mining Engineer Engineer Director, Director, 30+ 30+ years years experience experience Keith Keith Yates Yates –– Geologist Geologist Director, Director, 40+ 40+ years
Slide 5: Current position
Current position For personal use only • South Australian based gold-copper-uranium focused explorer. • Strategic land positions in SA, NT and QLD. • 2009 exploration effort rewarded with significant intersections at the 100% owned Rover Project in Northern Territory. • Active at Rover and Moonta go
Slide 6: Project locations
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 discovery” dis
Slide 7: Rover Project – the flagship project
Rover Project – the flagship project For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 7
Slide 8: Why Tennant Creek/Rover?
Why Tennant Creek/Rover? For personal use only Past Tennant Creek mines – often exceptional gold grades Mine Tonnes Au (g/t) Au (oz) Cu (t) Warrego 6,750,000 6.6 1,475,000 178,000 Nobles Nob 1,996,000 17.3 1,110,000 — Juno 452,000 56.1 815,000 1,000 White Devil 1,618,000 14.6 761,000 — Peko 3,676,00
Slide 9: Rover – a camp of deposits
Rover – a camp of deposits For personal use only R12 R4 R1 Tennant Tennant Creek Creek style style ironstone ironstone 2010 2010 drill drill program program targets targets Exploration Exploration target target “Creating “Creating wealth wealth through through discovery” discovery” Slide 9
Slide 10: Rover Prospect
Rover 1 Prospect For personal use only On On 23/02/2010 23/02/2010 WGR WGR announced announced aa maiden maiden resource resource for for part part of of Rover Rover 11 deposit deposit onon its its tenement tenement ofof 5.3Mt 5.3Mt @@ 2.1g/t 2.1g/t Au, Au, 1.0% 1.0% CuCu plus plus significant signi
Slide 11: Rover - high grade drill core from ADN tenement
Rover 1 - high grade drill core from ADN tenement For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 11
Slide 12: Rover Prospect
Rover 1 Prospect For personal use only Outstanding results achieved in 2009 drillholes. Goal in 2010 is to scope the potential resource in Adelaide Resources’ tenement. Drilling at Rover 1 is currently underway. “Creating “Creating wealth wealth through through discovery” discovery” Slide 12
Slide 13: Rover Prospect – exciting 2009 results
Rover 4 Prospect – exciting 2009 results For personal use only 46m @ 1.24% Cu 27m @ 1.2% Cu 9m @ 1.57% Cu, 1.09g/t Au 21m @ 2.33% Cu, 0.94 g/t Au 4m @ 2.30g/t Au 17m @ 1.81% Cu Drilling at 4m @ 3.55g/t Au Rover 4 is currently 25m @ 1.05% Cu underway. 15m @ 2.07% Cu 2m @ 20.0g/t Au “Creating “Creatin
Slide 14: Moonta Project
Moonta Project For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 14
Slide 15: Willamulka Prospect
Willamulka Prospect For personal use only Magnetic Magnetic image image 1VD 1VD 1500 metre long gold- copper anomaly. Mineralisation intersected in limited previous drilling. Drilling at Willamulka is currently underway. “Creating “Creating wealth wealth through through discovery” discovery” Slide 1
Slide 16: Glenroy QLD – early stage gold play
Glenroy QLD – early stage gold play For personal use only “Creating “Creating wealth wealth through through discovery” discovery” Slide 16
Slide 17: Corrobinnie Uranium Joint Venture – recent work
Corrobinnie Uranium Joint Venture – recent work For personal use only Sect ion “Creating “Creating wealth wealth through through discovery” discovery” Slide 17
Slide 18: Corrobinnie Uranium Joint Venture – drill section
Corrobinnie Uranium Joint Venture – drill section For personal use only Uranium Uranium results results are are assayed assayed drill drill samples samples Excellent results from first ever drilling in Thurlga palaeochannel. More drilling planned in 2010 “Creating “Creating wealth wealth through thr
Slide 19: The Case for Investment
For personal use only Adelaide Resources Limited The Case for Investment “Creating “Creating wealth wealth through through discovery” discovery” Slide 19
Slide 20: ADN closing share price – month summary
ADN closing share price – 12 month summary For personal use only Share price has fallen in 2010 – what has changed? 40 40 30 30 (cents) price (cents) Share price 20 20 Share 10 10 00 30 30 June June 09 09 30 30 Sep Sep 09 09 31 31 Dec Dec 09 09 31 31 Mar Mar 10 10 88 Jun Jun 10 10 “Creating “Creatin
Slide 21: Gold/Copper/Uranium value in A$ - month summary
Gold/Copper/Uranium value in A$ - 12 month summary For personal use only Prices of ADN’s two main target commodities are appreciating 25% 25% increase increase 29% 29% increase increase 21% 21% decline decline Data Data source: source: InfoMine.com InfoMine.com “Creating “Creating wealth wealth thro
Slide 22: Aggressive 2010 exploration program underway
Aggressive 2010 exploration program underway For personal use only • ROVER: Drilling underway. Rover 1, Rover 4 and Rover 12 prospects to be tested. • MOONTA: Drilling underway. Prospect 4 and Willamulka prospects to be tested. • CORROBINNIE URANIUM JV: Rotary mud and aircore drilling planned to fol
Slide 23: Month share price and news flow
12 month share price and news flow For personal use only Share price has de-coupled from continuing good news in 2010 High High grade grade Further Further R4R4 intersections intersections results results confirmed confirmed in in WGR WGR announce announce Capital Capital raising raising R1 R1 assay
Slide 24: Value comparison with peer group companies
Value comparison with peer group companies For personal use only Issued Cash, Price Implied shares Market cap liquids and Company (COB Tenement (diluted ITM ($M) investments 15.6.10) Value ($M) options) ($M)* ADN 111.2 $0.13 $14.5 $8.0 $6.5 (Adelaide) ERM 226.1 $0.20 $45.2 $10.2 $35.0 (Emmerson) RXM
Slide 25: Adelaide Resources - the investment case
Adelaide Resources - the investment case For personal use only • The prices of copper and gold (ADN’s principal target metals) continue to appreciate post GFC. • The company is conducting a fully funded exploration program in 2010 – the question is not whether ADN will find metal, but rather how muc
Slide 26: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! “Creating “Creating wealth wealth through through discovery” discovery” Slide 26
Adelaide Resources — Queensland Resources Investment Expo (June 2010) on 6ix