Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Adelaide Resources — 8th Annual Precious Metals Investment Symposium 2015
28 slides from Andromeda Metals's conference presentation, Oct 26, 2015
Slide 1: Company Presentation
adelaideresources.com.au For personal use only Company Presentation 26-27 October 2015 8th Annual Precious Metals Investment Symposium Drill – Discover – Develop
Slide 2: 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 • Ownership of advanced gold prospects with development potential in the Central Gawler Gold Provinc
Slide 3: Company snapshot
adelaideresources.com.au Company snapshot For personal use only • Refreshed board with technical, ASX ticker ADN financial and development skills set First listed on ASX September 1996 Ordinary shares on issue1 ~350m • A tight focus on gold and copper Listed options 37.2m in Australia Share price (a
Slide 4: Board and management
adelaideresources.com.au Board and management For personal use only Colin G Jackson – Chairman Metallurgist with over 40 years of industry experience. Held senior executive roles with Normandy, Newcrest and Merrill Lynch. Past director of Terramin and Chairman of Intrepid Mines and Red 5. Guided the
Slide 5: Asset portfolio
adelaideresources.com.au Asset portfolio Focused suite of Australian gold and copper prospects For personal use only • Drummond (QLD) classic epithermal gold target in highly pedigreed belt Rover • Eyre Peninsula (SA) Gold/Copper Drummond large land position in the emerging Central Gawler Gold Gold
Slide 6: Drummond epithermal gold – the blue sky play
adelaideresources.com.au Drummond epithermal gold – the blue sky play 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 company drilling just completed with “Glenroy Field”
Slide 7: 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/silica veins at relatively shallow depths below the surface from hot volcanic fluids • Fluids vent on
Slide 8: 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 8
Slide 9: South West Limey Dam
adelaideresources.com.au South West Limey Dam For personal use only Colloform banded vein assaying 55.4g/t Au (gold zone texture) Bladed carbonate (found above gold zone) Drill – Discover – Develop 9
Slide 10: 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 10
Slide 11: 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 program very recently completed • Results to hand confirm sub- surface gold mineralisation in veins and silicified breccias • Review by consultant Dr Gregg Morrison, in
Slide 12: 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 13: South West Limey Dam – Section (south area)
adelaideresources.com.au South West Limey Dam – Section 2 (south area) • Long intervals of low grade Au and Ag mineralisation in silicified host rocks For personal use only Drill – Discover – Develop 13
Slide 14: 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 15: 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 on 16 October 2015 by members of Native Title claimant group – no “no go” areas • Definite drill target fo
Slide 16: Drummond summary
adelaideresources.com.au Drummond summary For personal use only • 100% owned tenements which secure the emerging epithermal Glenroy Field • Several large, well developed and well preserved classic epithermal mineral systems already identified • First drill program records promising results • New pro
Slide 17: Eyre Peninsula gold – the more advanced gold play
adelaideresources.com.au Eyre Peninsula gold – the more advanced gold play Large project in Central Gawler Gold Province For personal use only • Largely 100% owned 3,640km2 project • The Barns, Baggy Green and White Tank gold prospects all 100% owned • 1200m diamond drilling programme completed in 2
Slide 18: 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 • Could present a low grade bulk tonnage o
Slide 19: Barns gold prospect
adelaideresources.com.au Barns gold prospect Multiple narrow higher grade lodes within mineralised envelope 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 lodes separated by low grade or barren rock • May allow foc
Slide 20: Baggy Green gold prospect
adelaideresources.com.au Baggy Green gold prospect Mineralised envelope up to 30 metres thick For personal use only • Broad hits include: 24m @ 2.33g/t gold 23m @ 1.16g/t gold 28m @ 0.83g/t gold • Narrower hits include: 10m @ 4.82g/t gold 8m @ 4.79g/t gold 11m @ 2.30g/t gold • Coarse drill spacing D
Slide 21: 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 22: 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 23: Barns and Baggy Green mineralisation
adelaideresources.com.au Barns and Baggy Green mineralisation For personal use only • Gold associated with sulphidic quartz veins in altered host rocks • Native gold common (promise of good metallurgy) Quartz-pyrite veining in Barns drill core Disseminated and veined sulphides in Baggy Green drill c
Slide 24: Eyre Peninsula Gold summary
adelaideresources.com.au Eyre Peninsula Gold summary For personal use only • Advanced Barns, Baggy Green and White Tank prospects • Exploration Targets based on real drill data- not wishful thinking • Large low grade or focussed higher grade development options • Large 100% owned tenement package Dr
Slide 25: Rover copper gold - the strategic play
adelaideresources.com.au Rover copper gold - the strategic play A strategic, highly prospective land • 100% owned For personal use only position in the Tennant Creek district • Prospects include Rover 4, Rover 12 and part of Rover 1 • Company drill results at Rover 1 include: 55m at 3.36% Cu, 0.16g/
Slide 26: Summary
adelaideresources.com.au Summary For personal use only • 100% owned gold and copper focussed projects • Pedigreed belts (Drummond, Olympic IOCG, Tennant Creek, Central Gawler) • A very active explorer • Exciting epithermal gold potential emerging on Drummond ground • Possible development options for
Slide 27: Disclaimer, Competent Person’s statement and JORC statements
adelaideresources.com.au Disclaimer, Competent Person’s statement and JORC statements Disclaimer 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
Slide 28: For personal use only
adelaideresources.com.au For personal use only Contact: Chris Drown 0427 770 653 adelaideresources.com.au Drill – Discover – Develop
Adelaide Resources — 8th Annual Precious Metals Investment Symposium 2015 on 6ix