Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — Shareholder Meeting (November 2009)
27 slides from Andromeda Metals's shareholder meeting presentation, Nov 17, 2009
Slide 1: Managing Director's Presentation
For personal use only Managing Director’s Presentation Adelaide Adelaide Resources Resources Limited Limited Chris Drown Slide 21
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: 12 Months Summary
12 Months Summary For personal use only • Successful transition to a gold-copper focused explorer • 2009 exploration effort rewarded with significant intersections at the 100% owned Rover Project in Northern Territory • Solid cash position of ~$10 million allowing significantly increased effort at R
Slide 4: Project locations and 2009 action
Project locations and 2009 action For personal use only THE MAIN GAME New New project project Seeking Seeking JV JV Recent Recent drilling drilling Field Field work work New New JV JV Drilling Drilling planned planned Slide 24
Slide 5: Rover Project
Rover Project – 287 sq.km. For personal use only Slide 25
Slide 6: ADN controls most of the confirmed Rover Field
ADN controls most of the confirmed Rover Field For personal use only Currently confirmed extent of Rover Field Slide 26
Slide 7: Rover Project – A field not a prospect
Rover Project – A field not a prospect For personal use only 2008 2008 helimag helimag survey survey image image R4 R1 2009 Gravity survey Tennant Tennant Creek Creek style style ironstone ironstone 2009 2009 drill drill program program targets targets Untested Untested exploration exploration targe
Slide 8: Rover prospect – Exciting new results
Rover 4 prospect – Exciting new results For personal use only 46m @ 1.24% Cu (10m @ 2.31% Cu) 48m @ 0.58g/t Au 9m @ 1.57% Cu, 1.09g/t Au 4m @ 3.55g/t Au 4m @ 2.30g/t Au 15m @ 2.07% Cu 25m @ 1.05% Cu (9m @ 1.66% Cu) 54m @ 0.34% Cu 6m @ 1.1% Cu 2m @ 20.0g/t Au Slide 28
Slide 9: Rover prospect cross section
Rover 4 prospect For personal use only Cross section showing recently drilled holes Slide 29
Slide 10: Rover prospect – R4ARD21 drill core
Rover 4 prospect – R4ARD21 drill core For personal use only Chalcopyrite Chalcopyrite (copper (copper sulphide) sulphide) Magnetite Magnetite Slide 30
Slide 11: Employing advanced exploration technologies
Employing advanced exploration technologies For personal use only R4ARD21 R4ARD24 Model of magnetite body derived using downhole magnetometer logging Slide 31
Slide 12: Rover Prospect
Rover 1 Prospect For personal use only Slide 32
Slide 13: Rover – The story months ago
Rover 1 – The story 2 months ago A new ADN prospect! For personal use only EL EL 7739 7739 boundary boundary (100% (100% ADN) ADN) High High grade grade gold gold and and copper copper persists persists to to within within metres metres of of ADN ADN tenement tenement TARGET REGION Source: Source: W
Slide 14: Rover – The story now
Rover 1 – The story now For personal use only R1ARD30 intersects Significant copper in vertically extensive Magnetite-haematite Ironstone. First batch of samples ready to be dispatched for assay. Slide 34
Slide 15: R1ARD30 - Rover
R1ARD30 - Rover 1 For personal use only Slide 35
Slide 16: Rover Summary
Rover Summary For personal use only • One of Australia’s best gold-copper exploration destinations • Prospective for bonanza grade gold deposits • Exciting recent results at Rover 4 and Rover 1 • Confirmed Rover 1 extends into ADN EL • Follow-up drilling underway • Aggressive forward program planned
Slide 17: Moonta
Moonta For personal use only THE MAIN GAME New New project project Seeking Seeking JV JV Recent Recent drilling drilling Field Field work work New New JV JV Drilling Drilling planned planned Slide 37
Slide 18: Moonta - South Aussie copper-gold exploration hotspot
Moonta - South Aussie copper-gold exploration hotspot For personal use only ADN tenement >800 sq km ADN Captures historic Tenement “Copper Triangle” copper-gold mining district Searching for gold-rich copper-gold deposits Rex Minerals Tenements Region is delivering exciting exploration results 20km
Slide 19: Moonta - Gold-copper anomalies
Moonta - Gold-copper anomalies For personal use only Slide 39
Slide 20: 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 Secondary Metal plumes section Primary Historic Historic drillhole drillhole mineralisation Willamulka Prospect Slide 40
Slide 21: 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 41
Slide 22: Other Projects
Other Projects For personal use only THE MAIN GAME New New project project Seeking Seeking JV JV Recent Recent drilling drilling Field Field work work New New JV JV Drilling Drilling planned planned Slide 42
Slide 23: Corrobinnie Palaeochannel Uranium Joint Venture
Corrobinnie Palaeochannel Uranium Joint Venture For personal use only Recent Recent drilling drilling program program discovers discovers four four radiogenic radiogenic anomalies anomalies –– assay assay results results awaited awaited Slide 43
Slide 24: Yalanda Hill Joint Venture
Yalanda Hill Joint Venture For personal use only section New JV with Southern Uranium Limited (SNU). Uranium is main target. SNU can spend $0.25M to earn 60% in two years. Slide 44
Slide 25: New project – Glenroy QLD
New project – Glenroy QLD For personal use only Slide 45
Slide 26: Summary
Summary For personal use only • Adelaide Resources has a clear focus on gold and copper - uranium an important secondary target • Exploration results from Rover highly encouraging warranting an aggressive exploration effort in 2010 • Pipeline of other excellent exploration properties • Financial cap
Slide 27: Providing shareholders with discovery opportunities!
For personal use only Providing Providing shareholders shareholders with with discovery discovery opportunities! opportunities! Slide 47
Adelaide Resources — Shareholder Meeting (November 2009) on 6ix