Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — SACOME Breakfast Briefing (November 2013)
28 slides from Andromeda Metals's conference presentation, Nov 13, 2013
Slide 1: Alford West Prospect, Yorke Peninsula, SA – SACOME Breakfast Briefing
For personal use only ALFORD WEST PROSPECT YORKE PENINSULA, SA SACOME Breakfast Briefing Thursday 14 November 2013 Presented by Chris Drown, Managing Director #1
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involv
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: Project locations
Project locations For personal use only ROVER DRUMMOND Gold/Copper Gold Northern Territory Queensland EYRE PENINSULA South Gold/Copper/Silver Australia ANABAMA Copper/Gold/Iron Ore MOONTA Victoria YALANDA Copper/Gold Gold/Silver #4
Slide 5: The Yorke Peninsula's "Copper Triangle"
The Yorke Peninsula’s “Copper Triangle” For personal use only “To the Colony of South Australia, copper was like a huge flywheel, generating wealth and activity.” (Blainey – The Rush That Never Ended) The Copper Triangle 1915 Richmans Enginehouse, Moonta #5
Slide 6: Turning the "Copper Triangle" into the "Copper Polygon"
For personal use only Adelaide Resources aims to change the geometry and turn the “Copper Triangle” into the “Copper Polygon”! #6
Slide 7: Moonta Project – The following slides set the scene
Moonta Project – 819 km2 tenement. For personal use only The following slides set the scene #7
Slide 8: 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 9: OCGP – depth to prospective basement
OCGP – depth to prospective basement For personal use only The Yorke Peninsula in general, and the A Moonta Project in particular, has the Prominent Hill (100m) shallowest cover anywhere along the Vulcan (900m) Challenger entire Olympic Copper Gold Province. Olympic Dam (330m) Carrapateena (470m) Pu
Slide 10: 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 opportun
Slide 11: 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. #11
Slide 12: 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 13: Magnetic image showing auger copper anomaly and drillhole collars
Alford West – magnetic image showing WMC/NBH auger copper anomaly and drillhole collars For personal use only Area of 2013 drilling #13
Slide 14: Prospect – summary
Alford West Prospect – summary For personal use only Section 753,015mE Section Section Section 753,570mE 753,730mE 753,785mE #14
Slide 15: Prospect – Section 753,015 mE
Alford West Prospect – Section 753,015 mE For personal use only #15
Slide 16: Prospect – Section 753,730 mE
Alford West Prospect – Section 753,730 mE For personal use only #16
Slide 17: Prospect – Section 753,785 mE
Alford West Prospect – Section 753,785 mE For personal use only #17
Slide 18: 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 19: Summary
Alford West Summary For personal use only • Defined by poorly drill tested 3.5 kilometre long auger copper geochemical anomaly. • Shallow drilling has tested 1.1 kilometres so far, with copper- gold mineralisation present on every drill traverse. • Coherent zones of high grade mineralisation present
Slide 20: What Next? Lots more drilling
Alford West – What Next? For personal use only Area of Lots more drilling! 2013 drilling (starting Jan 2014) #20
Slide 21: Opportunities
Opportunities For personal use only • Aircore drill contract. • Reverse Circulation/Diamond drill contracts. • Laboratory assaying work. • Resource estimation work. • Metallurgical studies. • Scoping/feasibility work. Contact the team at Adelaide Resources #21
Slide 22: Compared to RXM's Hillside deposit #1
Alford West compared to RXM’s Hillside deposit #1 For personal use only Let’s plot Alford West at the same scale using the same parameters Hillside Resource: 330Mt @ 0.6% Cu, 0.16g/t Au and 13.7% Fe (0.8% CuEq) LEGEND 0m RL Copper zone >0.2% Cover -300m Host rock OPEN -600m OPEN OPEN (Source: Modifi
Slide 23: Compared to RXM's Hillside deposit #2
Alford West compared to RXM’s Hillside deposit #2 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m 1970s auger geochemistry defines target -600m 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL Copper zone >0.2% Cover -300m Host rock OPEN -
Slide 24: Compared to RXM's Hillside deposit #3
Alford West compared to RXM’s Hillside deposit #3 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m Auger holes rarely penetrated deeper than -600m 20 metres but returned very positive results 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL
Slide 25: Compared to RXM's Hillside deposit #4
Alford West compared to RXM’s Hillside deposit #4 Extent of auger copper anomaly (3500m) For personal use only 0m RL -300m Drilling to date still relatively shallow but starting to grow deposit at depth -600m 751000mE 752000mE 753000mE 754000mE Alford West deposit long projection LEGEND 0m RL Copper
Slide 26: Compared to RXM's Hillside deposit #5
Alford West compared to RXM’s Hillside deposit #5 Extent of auger copper anomaly (3500m) For personal use only 0m RL Never been drilled Never been drilled Very sparsely drilled -300m OPEN OPEN OPEN OPEN OPEN OPEN OPEN OPEN -600m Alford West should grow significantly with further drilling 751000mE 75
Slide 27: Moonta Project Summary
Moonta Project Summary For personal use only • Our Moonta project has exceptional and widespread prospectivity for shallow copper-gold deposits. • Alford West has potential to grow into a deposit of substantial dimension with further drilling. • Other deposits (Willamulka, Paskeville) within a few k
Slide 28: Adelaide Resources Limited
Adelaide Resources Limited Providing shareholders with discovery opportunities! adelaideresources.com.au 2 <¢ © @ D = © ‘= 9 Q = @ a. = O UL
Adelaide Resources — SACOME Breakfast Briefing (November 2013) on 6ix