Slide 1: Company Presentation
adelaideresources.com.au For personal use only 2016 Company Presentation 24 February 2016 Drill – Discover – Develop
Slide 2: Company snapshot
adelaideresources.com.au Company snapshot For personal use only • A tight focus on gold and copper in ASX ticker ADN Australia First listed on ASX September 1996 • Projects located in pedigreed mining Ordinary shares on issue 357.9m regions. Largely 100% owned Listed options 37.2m Share price (as at
Slide 3: Asset portfolio
adelaideresources.com.au Asset portfolio Focused suite of Australian gold and copper prospects For personal use only • Drummond (QLD) – classic epithermal gold targets in high grade gold district Rover Gold/Copper Drummond • Eyre Peninsula (SA) – large land Gold position and advanced Northern explor
Slide 4: Adjusting and re-prioritising in "interesting times"
adelaideresources.com.au Adjusting and re-prioritising in “interesting times” For personal use only 2014/15 • Following 2014 capital raise we honoured our commitment to put investors money in the ground – 5 drill programmes on 3 projects • Decision to re-prioritise metal focus elevating gold over co
Slide 5: Drummond epithermal gold
adelaideresources.com.au Drummond epithermal gold For personal use only Classic epithermal gold targets • High grade gold hosted by epithermal • 100% owned, 270 km2 project. quartz veins. • Tenements secure the emerging • First drilling completed with $100,000 “Glenroy Field”, similar to the >3Moz c
Slide 6: What is an epithermal gold system?
adelaideresources.com.au What is an epithermal gold system? For personal use only • Form during periods of active volcanism associated with subduction of tectonic plates • Metals deposited in quartz veins at relatively shallow depths below the surface from hot volcanic fluids • Fluids vent on surfac
Slide 7: General model of an epithermal gold system
adelaideresources.com.au General model of an epithermal gold system For personal use only Arsenic Zone Gold Zone (At depth below arsenic zone) (After Buchanan (1981), Morrison et al. (1990) and Corbett & Leach (1997)). Drill – Discover – Develop 7
Slide 8: South West Limey Dam – same vein textures seen at Pajingo
adelaideresources.com.au South West Limey Dam – same vein textures seen at Pajingo For personal use only Pajingo Mine South West Limey Dam South West Limey Dam Zed Lode (U/G) Nadia vein (surface) Alexandra vein (surface) 26.2g/t Gold 34.2g/t Gold 31.0g/t Gold Drill – Discover – Develop 8
Slide 9: South West Limey Dam
adelaideresources.com.au South West Limey Dam See Section 1 summary plan For personal use only • 24 hole (1850 metre) diamond drill programme completed late 2015 • Results confirm sub-surface gold mineralisation in veins and silicified breccias • Review by consultant Dr Gregg Morrison, interprets So
Slide 10: South West Limey Dam – Section (north area)
adelaideresources.com.au South West Limey Dam – Section 1 (north area) For personal use only • Drillhole GLD009 returns 3.6m at 1.83g/t Au, including: 0.71m at 9.11g/t Au and 11.0g/t Ag • GLD012 returns 0.70 metres at 1.43g/t gold and 4.2g/t silver • Same host rocks as seen at Pajingo, including and
Slide 11: Bunyip prospect
adelaideresources.com.au Bunyip prospect a new target For personal use only • Surface rock chips to 19.65g/t gold • Palaeo-surface sinter and geyserite deposits confirm well preserved epithermal system • Over 2,000 metres of quartz veins exposed at surface • Strong associated arsenic and molybdenum
Slide 12: Bunyip prospect
adelaideresources.com.au Bunyip prospect For personal use only • Study of geochemistry and vein textures implies gold target likely preserved at depth • Aboriginal work area clearance completed in October 2015 by members of Native Title claimant group – no “no go” areas • Worthy drill target for our
Slide 13: Drummond land holdings tripled in area
adelaideresources.com.au Drummond land holdings tripled in area For personal use only • Applications for two new EPM’s lodged • Drummond ground holdings tripled in area from 270km2 to 833km2 • All ground 100% owned • New tenements secure gold prospective Drummond Basin and Anakie Inlier geology • Hi
Slide 14: Drummond summary
adelaideresources.com.au Drummond summary For personal use only • Granted tenements secure the Glenroy epithermal field – multiple targets • The Glenroy field epithermal systems appear to be remarkably well preserved, with target gold zones likely to remain at depth • First drill programme at SWLD r
Slide 15: Eyre Peninsula gold
adelaideresources.com.au Eyre Peninsula gold Large project in Central Gawler Gold Province For personal use only • Largely 100% owned 3,123km2 project • The Barns, Baggy Green and White Tank gold prospects all 100% owned • First gold focused activity in 10 years • Significant Exploration Targets est
Slide 16: Barns gold prospect
adelaideresources.com.au Barns gold prospect Mineralised envelope up to 150 metres thick For personal use only • Broad hits include: 143m @ 1.25g/t gold 147m @ 0.86g/t gold • Mineralised envelope encloses multiple lodes separated by low grade or barren rock • Is there a development option focused on
Slide 17: Bulk tonnage Exploration Target
adelaideresources.com.au Bulk tonnage Exploration Target For personal use only 3-D models of mineralised envelopes at Barns (left) and Baggy Green (right) To a depth of 200 metres below surface the The potential tonnage and grade of the Company estimates a combined Exploration Exploration Target is
Slide 18: Barns gold prospect (same section as page 16)
adelaideresources.com.au Barns gold prospect (same section as page 16) Multiple moderately dipping lodes beneath flat lying supergene zone For personal use only • Narrower hits include: 5m @ 27.4g/t gold 11m @ 2.84g/t gold 13m @ 4.04g/t gold 13m @ 3.06g/t gold • Multiple stacked lodes separated by l
Slide 19: Discreet lode Exploration Target
adelaideresources.com.au Discreet lode Exploration Target For personal use only 3-D models of mineralised envelopes at Barns (left) and White Tank (right) To a depth of 200 metres below surface the The potential tonnage and grade of the Company estimates a combined Exploration Exploration Target is
Slide 20: Barns/Baggy Green gold camp
adelaideresources.com.au Barns/Baggy Green gold camp Past drilling has discovered other nearby gold targets For personal use only • Plan projections of discreet lode 3D models shown as yellow regions Drill – Discover – Develop 20
Slide 21: Barns/Baggy Green – comparison with other SA gold projects
adelaideresources.com.au Barns/Baggy Green – comparison with other SA gold projects For personal use only Portia(1) Tarcoola(2) Barns/Baggy Green Exploration Target(3) 2.5-3.5Mt @ 1.3-2.0g/t Au Ex Target Ounce range ~100,000 - 200,000 Resource 720Kt @ 2.9g/t Au 973Kt @ 3.12g/t Au ? Resource Ounces 6
Slide 22: Eyre Peninsula Gold summary
adelaideresources.com.au Eyre Peninsula Gold summary For personal use only • Exploration Targets at Barns, Baggy Green and White Tank estimated using real drill data increasing confidence they can be achieved • Potential similar in scale to other South Australian deposits either under development or
Slide 23: Moonta copper
adelaideresources.com.au Moonta copper For personal use only Prospect locations Drill – Discover – Develop 23
Slide 24: Alford West prospect
adelaideresources.com.au Alford West prospect For personal use only Summary plan Drill – Discover – Develop 24
Slide 25: Alford West section
adelaideresources.com.au Alford West section For personal use only Drill section 753,730mE (Larwood Zone) • Numerous drill intersections returned from sub-vertical lodes at Larwood and Bruce • Results include 20m @ 4.20% Cu, 0.27g/t Au 15m @ 2.89% Cu, 0.15g/t Au 45m @ 1.56% Cu, 1.86g/t Au 14m @ 2.60
Slide 26: Moonta copper summary
adelaideresources.com.au Moonta copper summary For personal use only • Widespread mineralisation and significant historical production • Alford West only one of multiple copper deposits across the tenement – others include Willamulka, Paskeville, Wombat and West Doora • We believe that deposits warr
Slide 27: Rover copper gold
adelaideresources.com.au Rover copper gold A strategic, highly prospective land • 100% owned For personal use only position in the Tennant Creek district • Prospects include Rover 4, Rover 12 and Rover 1 • Company drill results at Rover 1 include: - 55m at 3.36% Cu, 0.16g/t Au - 34m at 2.05% Cu, 2.1
Slide 28: Why invest in Adelaide Resources?
adelaideresources.com.au Why invest in Adelaide Resources? For personal use only • Significant exploration blue sky through ownership of an emerging epithermal gold field in the Drummond Basin in QLD • Advanced gold prospects in the Central Gawler Gold Province in SA • Strong position in the “Copper
Slide 29: Disclaimer, Competent Person's statement and JORC statements
adelaideresources.com.au Disclaimer, Competent Person’s statement and JORC statements For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited (“Adelaide Resources” or the “Company”) and its activities. Some statements in this presentatio
Slide 30: For personal use only
adelaideresources.com.au For personal use only Contact: Chris Drown 0427 770 653 adelaideresources.com.au Drill – Discover – Develop