Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Australian Copper Conference 2013
50 slides from Andromeda Metals's conference presentation, Jun 19, 2013
Slide 1: A New Copper Geometry
For personal use only A NEW COPPER GEOMETRY Presented Presented at at the the Australian Australian Copper Copper Conference Conference 19 19 June June 2013 2013 by by Chris Chris Drown, Drown, Managing Managing Director Director #1
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 to to inform inform you you about about Adelaide Adelaide Resources Resources Limited Limit
Slide 3: Adelaide Resources' Business
Adelaide Resources’ Business For personal use only • We are a South Australian based mineral explorer with a tight commodity focus on copper and gold. • We have projects in SA, NT and QLD in terrains with pedigrees that can deliver “company maker” discoveries. • The vast majority of our ground holdi
Slide 4: Corporate statistics
Corporate statistics For personal use only • Listed Listed on on ASX ASX in in 1996 1996 (ADN) (ADN) • Shares Shares issued issued ~205 ~205 million million • Unlisted Unlisted securities ~2.9 million million • Cash Cash ~$3.0 ~$3.0 million million • Shareholders Shareholders 2470 2470 • Top Top 20
Slide 5: The Board and Senior Management
The Board Senior Management For personal use only Andrew Andrew Brown Brown –– Fund Fund Manager Manager Nick Nick Harding Harding –– Accountant Accountant Non-executive Non-executive Chairman Chairman Company Company Secretary/CFO Secretary/CFO 30+ 30+ years years experience experience 25+ 25+ year
Slide 6: Annual exploration and administration spend
Annual exploration and administration spend 6000 For personal use only Exploration funding 5000 Joint Venture Adelaide Resources 4000 Administration $’000s 3000 2000 1000 0 /98 /99 /00 /01 /02 /03 /04 /05 /06 /07 /08 /09 /10 /11 /12 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 The The vast vast majo
Slide 7: Project locations
Project locations For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper Australia ANABAMA Copper/Gold MOONTA Victoria YALANDA Copper/Gold Gold/Uranium #7
Slide 8: Early exploration on the Yorke Peninsula
Early exploration on the Yorke Peninsula For personal use only Bio-geochemical analysis with an optical emission spectroscopy finish was used by Captain Hughes, who in 1851 observed: “tree roots in the area burnt with green flames….convincing him strong lodes must exist so he instructed his shepherd
Slide 9: The Yorke Peninsula's Copper Triangle
The Yorke Peninsula’s “Copper Triangle” For personal use only “To “To the the Colony Colony of of South South Australia, Australia, copper copper waswas like like aa huge huge flywheel, flywheel, generating generating wealth wealth and and activity.” activity.” (Blainey (Blainey –– The The Rush Rush
Slide 10: Adelaide Resources aims to turn the Copper Triangle into a many-sided figure
For personal use only Adelaide Resources aims to turn the Copper Triangle into a many-sided figure! #10
Slide 11: Moonta Project – location plan
Moonta Project – location plan For personal use only The following slides set the scene #11
Slide 12: Olympic Copper-Gold Province – operating companies
Olympic Copper-Gold Province – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources All land in the Antofagasta OCGP where Areva exploration is BHPB Major allowed is FMG companies pegged. Oz Minerals and copper Rex producers Rio Tinto dominate. Sandfire St
Slide 13: OCGP – depth to prospective basement
OCGP – depth to prospective basement For personal use only The The Yorke Yorke Peninsula Peninsula in in general, general, and and the the A Moonta Moonta Project Project in in particular, particular, has has the the Prominent Hill (100m) shallowest shallowest cover cover anywhere anywhere along alo
Slide 14: Yorke Peninsula – operating companies
Yorke Peninsula – operating companies For personal use only LEGEND Olympic Copper Gold Province Adelaide Resources Areva Core Investigator Monax – Marmota Phoenix Copper Rex Sandfire Spencer Xstrata 80 kilometres Other #14
Slide 15: Moonta Project exploration history timeline
Moonta Project exploration history timeline For personal use only Copper Price Historical exploration at Moonta was dominated by mid caps and majors which needed to find very large resources. This presents Adelaide Resources with a valuable historical database and a scale opportunity. The opportunit
Slide 16: Historic data – a hugely valuable asset
Historic data – a hugely valuable asset For personal use only Past explorers bequeathed an enormous amount of data. In 2013 dollars, this data is valued in the tens of millions. #16
Slide 17: Moonta Project scene setting key points
Moonta Project scene setting key points For personal use only • Located in the Olympic Copper Gold Province, a region that is totally pegged and where ownership is dominated by many of the World’s largest copper producers. • Our tenement is in the area where the prospective rocks are at their shallo
Slide 18: Alford West – magnetic image showing auger copper anomaly and collars
Alford West – magnetic image showing WMC/NBH auger copper anomaly and drillhole collars For personal use only #18
Slide 19: Alford West – plan of area of detailed drilling
Alford West – plan of area of detailed drilling For personal use only #19
Slide 20: Alford West Prospect – Section 753,730 mE
Alford West Prospect – For personal use only Section 753,730 mE #20
Slide 21: Alford West Prospect – Section 753,780 mE
Alford West Prospect – For personal use only Section 753,780 mE #21
Slide 22: Alford West Prospect – Section 753,830 mE
Alford West Prospect – For personal use only Section 753,830 mE #22
Slide 23: Alford West – drill chips
Alford West – drill chips ALWAC007 ALWAC008 For personal use only Depth Cu % Au g/t Depth Cu % Au g/t 31-32 0.17 0.13 18-19 2.49 0.64 32-33 5.57 0.42 19-20 2.81 7.39 33-34 6.63 0.22 20-21 5.48 8.41 34-35 13.15 0.82 21-22 2.64 2.00 35-36 8.55 0.66 22-23 2.28 2.47 36-37 2.33 0.16 23-24 0.98 7.58 37-38
Slide 24: Alford West Prospect summary plan – Stage Two holes shown
Alford West Prospect summary plan – Stage Two holes shown For personal use only #24
Slide 25: Alford West – Stage Two drilling with historic auger results
Alford West – Stage Two drilling with historic auger results For personal use only Stage Two holes in Red Auger Hole 507 Auger Hole 508 Auger Hole 509.5 3.4%Cu 54-60ft 3300ppm Cu 13.0%Cu 24-30ft Section 753,000 m E 950ppm Cu 66-70ft 18-24ft 390ppm Cu EOH EOH 48-52ft EOH #25
Slide 26: Alford West – Stage Two drilling with historic auger results
Alford West – Stage Two drilling with historic auger results For personal use only Stage Two holes in red 514E Auger Line Auger Hole 501.5 Auger Hole 502.5 Auger Hole 506 Auger Hole 507.5 0.26% Cu 0.29% Cu 0.12% Cu 0.11% Cu 24-30ft EOH 30-32ft EOH 42-48ft EOH 30-36ft EOH Section 753,320 m E #26
Slide 27: Alford West Stage Two drilling underway
Alford West Stage Two drilling underway For personal use only Stage Two drilling program commenced 27 May 2013. Program will more than quadruple the number of aircore holes drilled at Alford West by Adelaide Resources. Detailed drill coverage will increase from 300 metres to 1100 metres along the pr
Slide 28: Alford West Stage Two drilling FPXRF (preliminary) intersections
Alford West Stage Two drilling FPXRF (preliminary) intersections For personal use only Adelaide Resources has utilised a Field Portable X-Ray Fluorescence (FPXRF) Analyser to test 1610 samples (aircore samples and QA/QC standards and blanks). Samples were unprepared and run using “soil” Mode for a p
Slide 29: Alford West Summary
Alford West Summary For personal use only • Defined by poorly drill tested 3 kilometre long auger copper geochemical anomaly. • Detailed drill coverage restricted to 1/10 of anomaly. • High grade, wide intersections from multiple lodes present on each of six traverses of detailed drilling. • Signifi
Slide 30: Willamulka Prospect – plan
Willamulka Prospect – plan For personal use only 10km 10km north north east east of of Kadina Kadina Shallow Shallow 550 550 metre metre long long coherent coherent zone zone of of copper copper and and gold gold mineralisation mineralisation open open at at depth. depth. #30
Slide 31: Willamulka Prospect – section
Willamulka Prospect – section For personal use only #31
Slide 32: Paskeville Prospect – plan
Paskeville Prospect – plan For personal use only 15km east of Kadina Shallow 400 metre long coherent zone of copper mineralisation open at depth and along strike. #32
Slide 33: Paskeville Prospect – section
Paskeville Prospect – section For personal use only Recent Recent drilling drilling shows shows aa steeply steeply north north dipping dipping 50m 50m wide wide zone zone of of copper copper mineralisation. mineralisation. #33
Slide 34: Wombat Prospect – section
Wombat Prospect – section For personal use only 10km 10km north north east east ofof Wallaroo. Wallaroo. Recent Recent drilling drilling shows shows significant significant intersections intersections of of copper copper in in aa large large shear shear zone zone inin meta- meta- somatite somatite s
Slide 35: Alford Fault Zone – plan
Alford Fault Zone – plan For personal use only Shear Zone wrapping around the south east contact of the Tickera Granite Alford West Wombat Alford Fault Zone Wallaroo #35
Slide 36: The Alford Fault Zone – a new copper belt for Australia?
The Alford Fault Zone – a new copper belt for Australia? For personal use only The The Alford Alford Fault Fault Zone Zone wraps wraps around around the the contact contact of of aa Hiltaba Hiltaba Granite. Granite. Many Many intersections intersections greater greater than than 10m 10m at at 1.00%
Slide 37: Moonta Exploration Triangle
Moonta Exploration Triangle For personal use only Alford West, Willamulka and Paskeville are just Goal Goal is is to to progress progress part of the story. We prospects prospects to to higher higher have numerous other levels levels and and to to higher higher targets establishing a quality. qualit
Slide 38: How we see Moonta unfolding
How we see Moonta unfolding For personal use only • It is clear that our Moonta project has exceptional and widespread prospectivity for shallow copper-gold deposits. • We are confident that we can build a project-wide resource base, based upon the definition of multiple deposits located within a fe
Slide 39: Moonta Project forward focus
Moonta Project forward focus For personal use only • Further, drill dominated exploration to grow resource position with Alford West emerged as the stand-out deposit. • Modelling and resource estimation for advanced prospects to begin building project wide mineral inventory. • Digitisation of histor
Slide 40: Rover Project – Location
Rover Project – Location For personal use only 100% 100% owned owned project project with with two two copper-gold copper-gold deposits deposits (Rover (Rover 44 and and ADN’s ADN’s share share ofof Rover Rover 1) 1) and and several several other other early-stage early-stage prospects prospects wit
Slide 41: Anatomy of a Tennant Creek Deposit – Juno section
Anatomy of a Tennant Creek Deposit – Juno section For personal use only dolomite - talc - magnetite Depth 200 – 452,000 452,000 tonnes tonnes @ @ 56.1 56.1 g/t g/t Au Au (815,000 (815,000 oz) oz) massive magnetite - chlorite - gold 250 – Max. Max. ore ore dimensions dimensions Strike: Strike: 70m 70
Slide 42: Tennant Creek Major Producers
Tennant Creek Major Producers For personal use only Mine Tonnes Au g/t Au oz Cu % Cu tonnes Warrego 6,750,000 6.6 1,475,000 1.9 178,000 Nobles Nob 1,996,000 17.3 1,110,000 – – Juno 452,000 56.1 815,000 0.3 1,000 White Devil 1,618,000 14.6 761,000 – – Peko 3,676,000 3.5 414,000 4.0 147,000 Gecko 2,93
Slide 43: Rover Prospect – Plan
Rover 1 Prospect – Plan For personal use only Section #43
Slide 44: Rover Prospect – Section
Rover 1 Prospect – Section For personal use only System System of of substantial substantial dimension dimension confirmed confirmed on on ADN’s ADN’s ground. ground. High High grades grades of of gold gold and and copper copper intersected. intersected. Neighbour Neighbour Metals Metals XX Limited
Slide 45: Rover high grade drill core
Rover 1 high grade drill core For personal use only #45
Slide 46: Rover Prospect Plan
Rover 4 Prospect Plan For personal use only Section #46
Slide 47: Rover Prospect – Section
Rover 4 Prospect – Section 1 For personal use only Located Located about about 2.2km 2.2km northeast northeast of of Rover Rover 1. 1. Shallowest Shallowest known known mineralisation mineralisation in in the the broader broader Rover Rover Field. Field. Two Two main main zones zones of of Cu-Au Cu-
Slide 48: 3-D model of Rover host ironstone beneath unconformity
3-D model of Rover 4 host ironstone beneath unconformity For personal use only Model constructed by AMC Consultants #48
Slide 49: Rover Project – Summary
Rover Project – Summary For personal use only • 100% owned project. • Significant zones of high grade gold and copper mineralisation confirmed in ADN’s part of the Rover 1 deposit. MLX likely to develop its part of Rover 1. • Two main zones of copper and gold mineralisation discovered at the Rover 4
Slide 50: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! adelaideresources.com.au #50
Adelaide Resources — Australian Copper Conference 2013 on 6ix