Slide 1: A Golden Future
For personal use only “A Golden Future” Adelaide Resources Limited Speaker: Chris Drown Slide 1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only The The information information inin this this presentation presentation isis published published toto inform inform you you about about Adelaide Adelaide Resources Resources Limited Limited and its activities. Some statements in this
Slide 3: Corporate Statistics
Corporate Statistics For personal use only • Listed on ASX in 1996 (ADN) • Shares issued ~ 83.16 million • Unlisted Options 4.3 million • Cash ~ $6.93 million* • Shareholders ~ 1820 • Top 20 hold. ~ 32.2% • Major holders Tidewater 14.4% K Yates 6.9% • 12 month trading 4.0 to 21.5 cents • Market cap
Slide 4: The People
The People For personal use only Board members left to right: John den Dryver – Mining Engineer Director, 30+ years experience Keith Yates – Geologist Director, 40+ years experience Chris Drown – Geologist Managing Director, 20+ years experience John Horan – Accountant Director, 40+ years experience
Slide 5: Month Recap
12 Month Recap For personal use only • This time last year ADN had a diverse commodity mix Zircon, iron ore, gold, copper, uranium, nickel • Vended iron ore assets into Iron Road Limited (IRD) In-specie distribution of IRD securities to ADN shareholders • Divestment of mineral sand assets to Iluka R
Slide 6: Forward Strategy
Forward Strategy For personal use only The The company’s company’s future future strategy strategy is is built built around around the the following: following: • GOLD – Principal commodity focus uranium and copper secondary targets • Implement financially prudent exploration programs “meaningful bu
Slide 7: Project locations
Project locations For personal use only Slide 7
Slide 8: Rover Project
For personal use only Rover Project Slide 8
Slide 9: Right in the middle of an Aussie gold exploration hotspot
Right in the middle of an Aussie gold exploration hotspot For personal use only $28M $28M Emmerson/Ivanhoe Emmerson/Ivanhoe AustraliaAustralia JV JV $18M $18M over over 33 years years toto earn earn 51% 51% $10M $10M additional additional funding funding to to HOLD HOLD 51% 51% Aggressive Aggressive
Slide 10: Rover Project – A field not a prospect
Rover Project – A field not a prospect For personal use only Recent Recent helimag helimag survey survey image image R4 Gravity survey (in progress) Tennant Tennant Creek Creek style style ironstone ironstone Untested Untested exploration exploration target target Slide 10
Slide 11: Rover prospect
Rover 4 prospect For personal use only EL EL 7739 7739 EL EL 25512 25512 (granted (granted 1.5.09) 1.5.09) Eastern part of prospect barely explored – drilling planned 48m @ 0.58g/t Au 4m @ 3.55g/t Au 15m @ 2.07% Cu 54m @ 0.34% Cu 6m @ 1.1% Cu 2m @ 20.0g/t Au Magnetic Image: Tilt Derivative Slide 11
Slide 12: Moonta Cu-Au-U Project
Moonta Cu-Au-U Project For personal use only Slide 12
Slide 13: Moonta Project – Gold and copper geochemistry
Moonta Project – Gold and copper geochemistry For personal use only Slide 13
Slide 14: Moonta Project – Paskeville target
Moonta Project – Paskeville target For personal use only Image Image of of gold gold geochemistry geochemistry showing showing drill drill coverage coverage Paskeville Anomaly Slide 14
Slide 15: Moonta Project – Willamulka target
Moonta Project – Willamulka target For personal use only Image Image of of gold gold geochemistry geochemistry showing showing drill coverage drill coverage section TARGET?? Willamulka Too little metal in Prospect primary zone to account for metal in secondary zone Slide 15
Slide 16: Eyre Peninsula Project – Major project available for JV
Eyre Peninsula Project – Major project available for JV For personal use only 3860 sq km available to deal Slide 16
Slide 17: Eyre Peninsula Project – Gold prospects
Eyre Peninsula Project – Gold prospects For personal use only Geochemical gold BAGGY GREEN anomaly 8m @ 4.79g/t Au 24m @ 2.33g/t Au BARNS 24m @ 2.19g/t Au WUD2 CENTRAL 12m @ 3.38g/t Au 1m @ 37.8g/t Au 2m @ 67.6g.t Au WHITE TANK 17m @ 3.47g/t Au 7m @ 10.0g/t Au 30 KM Slide 17
Slide 18: Baggy Green Gold Prospect – Section
Baggy Green Gold Prospect – Section For personal use only W Surface E 0 Base of weathering 36/0.76 27/0.27 50 5/9.01 7/2.31 24/2.33 9/1.02 49/0.45 100 ed e r alis l d m in e Go zon 28/ 0.83 4/2.57 150 RAB drillhole RC drillhole 50 M 7/2.31 7m @ 2.31 g/t gold Slide 18
Slide 19: Baggy Green – potential for high grade shoots?
Baggy Green – potential for high grade shoots? For personal use only Tropicana-Havana prospect Baggy Green Plan plan showing g/t Au x thickness (m) contours. Source: Independence Group NL (IGO) ASX release dated 23 Jan 2009. 2.6km High grade shoots Section 500m RAB drillhole RC drillhole Slide 19
Slide 20: Eyre Peninsula Project – Prospects to follow-up
Eyre Peninsula Project – Prospects to follow-up For personal use only Slide 20
Slide 21: Eyre Peninsula Project – Regional potential
Eyre Peninsula Project – Regional potential For personal use only Slide 21
Slide 22: Project locations – Anabama Project
Project locations – Anabama Project For personal use only Slide 22
Slide 23: Anabama – Copper project available for JV
Anabama – Copper project available for JV For personal use only Cockrum Dam Dark Blue Rose Horse Anabama Hill Netley Hill Slide 23
Slide 24: Anabama - Dark Horse copper prospect
Anabama - Dark Horse copper prospect For personal use only Blue Rose Results (PacMag Metals) 46m @ 2.2% Cu, 0.8g/t Au Blue Rose Dark Horse is 5.5km long target with extensive gossan float (mostly after pyrite?). Prospect tested by two lines of RAB drilling (see section). Also contains Dark Horse ano
Slide 25: Summary
Summary For personal use only • Adelaide Resources is a gold focused company • Exciting exploration programs now underway • Aim to maximise discovery chances in a tough market • Open for business as we re-align our portfolio Slide 25
Slide 26: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! Slide 26