Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Shareholder Meeting (November 2010)
44 slides from Admiralty Resources NL's shareholder meeting presentation, Nov 30, 2010
Slide 1: Investor Presentation – 2010 Annual General Meeting (ASX release)
ASX RELEASE – 30/11/2010 ASX RELEASE – 11/11/2010 For personal use only INVESTOR PRESENTATION – 2010 ANNUAL GENERAL MEETING Please find attached a presentation to be given by Mr Stephen Prior, Executive Director of Admiralty Resources NL (ADY), to shareholders who attend the ADY’s Annual General Mee
Slide 2: Admiralty Resources NL Annual General Meeting
For personal use only Admiralty Resources NL Annual General Meeting Market 3 Room, Oaks on Market, 60 Market Street, Melbourne 30th November 2010, 11.00am (AEDST)
Slide 3: Presentation by Stephen C. Prior, Executive Director
For personal use only Admiralty Resources NL Annual General Meeting Presentation by Mr Stephen C. Prior, Executive Director
Slide 4: Company Overview
Company Overview For personal use only www.ady.com.au Australian based diversified exploration company with interests in: Iron ore, Chile – SCM Vallenar Iron Company (“VIC”); Lead and zinc, Northern Territory, Australia – Bulman Project; and Cobalt and nickel, Western Australia – Pyke Hill Project D
Slide 5: Product Quality Specification
Product Quality For personal use only Specification www.ady.com.au
Slide 6: Project Location: Chilean Iron Belt
Project For personal use only Location: Chilean Iron Belt www.ady.com.au
Slide 7: Existing Infrastructure
Existing Infrastructure For personal use only www.ady.com.au
Slide 8: Key Advantages
Key Advantages For personal use only www.ady.com.au 8,376 hectares in the Chilean iron belt with easy access by internal roads network to railway and highway and no high mountain formations within the geological district 46 km from the port of Huasco 7 km from the railway line owned by Ferronor S.A.
Slide 9: For personal use only
For personal use only www.ady.com.au
Slide 10: Admiralty's mineral tenure in Chile
Admiralty’s mineral tenure in Chile For personal use only www.ady.com.au It covers 8,376 Ha and it is composed of the following groups: Pampa Tololo (3,455 Ha) Freirina Vallenar Harper Geological District NORTH - VIC (4,274 Ha) SOUTH - ADY Leo Sur (647 Ha)
Slide 11: Current mineral resources (JORC compliant)
Current mineral resources For personal use only (JORC compliant) www.ady.com.au MEASURED INFERRED INDICATED TOTAL IRON ORE BODY RESOURCES RESOURCES RESOURCES RESOURCES GRADE million tonnes million tonnes million tonnes million tonnes Percentage Japonesa 24.132 6.165 12.939 43.236 14.8% Japonesita -
Slide 12: Synopsis of transaction with Icarus
Synopsis of transaction with Icarus For personal use only www.ady.com.au The agreement with Icarus Derivatives Ltd (“Icarus”) , approved by shareholders at the EGM on 29 October and completed on 16 November provides for the division of the Harper Geological District in two similar size halves, namel
Slide 13: Harper Geological District
Harper For personal use only Geological District www.ady.com.au
Slide 14: Snapshot of the Icarus Transaction
Snapshot of the Icarus Transaction For personal use only www.ady.com.au CASH US$4 million, payable in four tranches of US$1m each every 8 PAYMENTS: months, within the first two years after Completion, which occurred on 16 November 2010. First tranche has been received. ROYALTY Royalty agreement on a
Slide 15: Additional Aspects of the Icarus Transaction
Additional Aspects of the Icarus Transaction For personal use only www.ady.com.au Cash payments secured by a corporate guarantee by Icarus’ parent company, Corsair Capital Ltd; Minimum royalty payments guaranteed after the fourth anniversary of Completion, based on 1.5m tonnes per year; Favourable c
Slide 16: Letter from Hebei WenFeng
Letter from Hebei WenFeng For personal use only www.ady.com.au 06/08/10 – Signed Confidentiality Agreement. Received Non-Binding Proposal. 11/08/10 – Met with representatives of Minera San Fierro. Advised why offer was not acceptable and invited a revised offer. 1/09/10 – Entered into contract with
Slide 17: Northern Region Tenements
Northern For personal use only Region Tenements www.ady.com.au
Slide 18: Inset of Northern Region Tenements
Inset of Northern For personal use only Region Tenements www.ady.com.au
Slide 19: Southern Region Tenements
Southern For personal use only Region Tenements www.ady.com.au
Slide 20: Inset of Southern Region Tenements
Inset of Southern For personal use only Region Tenements www.ady.com.au
Slide 21: Northern Region – Exploration targets
Northern For personal use only Region – Exploration targets www.ady.com.au
Slide 22: Southern Region – Exploration targets
Southern For personal use only Region – Exploration targets www.ady.com.au
Slide 23: Pampa Tololo Tenements
Pampa Tololo For personal use only Tenements The Pampa Tololo tenements cover 3,455 Ha and are located North of Vallenar, neighbouring Los Colorados mine, owned by Compañía Minera del Pacífico (CMP), www.ady.com.au Chile’s largest iron ore producer
Slide 24: Projects in Australia – Bulman
Projects in Australia – Bulman For personal use only Bulman Project - lead and zinc -Northern Territory, 320 km from Katherine
Slide 25: Projects in Australia – Bulman (cont'd)
Projects in Australia – Bulman (cont’d) For personal use only 2 granted mineral explorations licences and 2 mineral leases, with expiry in 2013 and 2016 respectively, covering 250 km2 Mineralisation occurs in small, rich pods of high-grade galena and sphalerite, surface crust of high-grade zinc oxid
Slide 26: Projects in Australia – Bulman (cont'd)
Projects in Australia – Bulman (cont’d) For personal use only Encouraging new prospect named Ripple Hill, found in last campaign. It is located 12 km to the north west of previous drilling and very close to the Bulman Fault. Rock chip assays of up to 8960 ppm zinc were returned from selected samples
Slide 27: Projects in Australia – Pyke Hill
Projects in Australia – Pyke Hill For personal use only The Pyke Hill Project is located approximately 40km southeast of the Murrin Murrin Nickel Operation, near Leonora, Western Australia Admiralty has a 50% interest in the project. Cougar Metals NL (ASX:CGM) is the operator of the project and the
Slide 28: Proxy Results
For personal use only Admiralty Resources NL Annual General Meeting 30th November 2010 PROXY RESULTS
Slide 29: Vote totals - Proxies received
Vote totals - Proxies received For personal use only SECURITIES ON ISSUE 2,410,848,523 VOTES RECEIVED 142,296,454 VALID SECURITIES VOTED (%) 5.90 TOTAL SECURITIES HOLDERS CAST 584 Proxy Results have been provided by Computershare Investor Services Pty Limited. This vote totals report is based on the
Slide 30: Resolution: To receive the financial report
Resolution 1 For personal use only To receive the financial report for the year ended 30 June 2010
Slide 31: Resolution: To adopt the Remuneration Report
Resolution 2 For personal use only To adopt the Remuneration Report for the year ended 30 June 2010 (advisory resolution only)
Slide 32: Resolution – Proxies received: Remuneration Report
Resolution 2 – Proxies received For personal use only To receive the Remuneration Report VOTED % FOR 91,211,554 64.10 OPEN-USABLE (Proxyholders’ discretion) 22,088,577 15.52 AGAINST 28,996,323 20.38 ABSTAIN 21,650,987 n/a Proxy Results have been provided by Computershare Investor Services Pty Limite
Slide 33: Resolution: To re-elect a Director, Michael Stephen Perry
Resolution 3 For personal use only To re-elect a Director, Michael Stephen Perry
Slide 34: Resolution – Proxies received: Re-elect Michael S. Perry
Resolution 3 – Proxies received For personal use only To re-elect a Director, Michael S. Perry VOTED % FOR 103,579,662 65.41 OPEN-USABLE (Proxyholders’ discretion) 22,094,077 20.64 AGAINST 32,692,972 13.95 ABSTAIN 5,580,730 n/a Proxy Results have been provided by Computershare Investor Services Pty
Slide 35: Resolution: To elect a Director, Stephen Charles Prior
Resolution 4 For personal use only To elect a Director, Stephen Charles Prior
Slide 36: Resolution – Proxies received: Stephen C. Prior
Resolution 4 – Proxies received For personal use only To re-elect a Director, Stephen C. Prior VOTED % FOR 106,906,216 67.49 OPEN-USABLE (Proxyholders’ discretion) 22,068,577 18.58 AGAINST 29,428,418 13.93 ABSTAIN 5,544,230 n/a Proxy Results have been provided by Computershare Investor Services Pty
Slide 37: Resolution: To adopt a new constitution
Resolution 5 For personal use only To adopt a new constitution
Slide 38: Resolution – Proxies received: New constitution
Resolution 5 – Proxies received For personal use only To adopt a new constitution VOTED % FOR 112,913,876 72.25 OPEN-USABLE (Proxyholders’ discretion) 22,013,403 14.09 AGAINST 21,347,550 13.66 ABSTAIN 7,672,612 n/a Proxy Results have been provided by Computershare Investor Services Pty Limited
Slide 39: Resolution: Consolidation of issued share capital
Resolution 6 For personal use only Consolidation of issued share capital on a 5 to 1 basis
Slide 40: Resolution – Proxies received: Share consolidation
Resolution 6 – Proxies received For personal use only Consolidation of issued share capital VOTED % FOR 109,504,364 67.72 OPEN-USABLE (Proxyholders’ discretion) 22,537,619 13.94 AGAINST 29,648,408 18.34 ABSTAIN 2,257,050 n/a Proxy Results have been provided by Computershare Investor Services Pty Lim
Slide 41: Corporate Details
Corporate Details For personal use only www.ady.com.au BOARD OF DIRECTORS CONTACT Professor John Ross Harper, Chairman Level 16, 379 Collins Street, Stephen Charles Prior, Executive Director Melbourne VIC 3000, Australia Michael Stephen Perry, Non-executive Director Tel: +61 3 9620 7144 Email: inves
Slide 42: Important Information
Important Information For personal use only DISCLAIMER The information in this presentation is published to provide information about Admiralty Resources NL (“Admiralty” or “ADY”) and its subsidiaries. All reasonable effort has been made to provide accurate information, but Admiralty makes no repres
Slide 43: Important Information
Important Information For personal use only www.ady.com.au DISCLAIMER The information in this presentation is published to provide information about Admiralty Resources NL (“Admiralty” or “ADY”) and its subsidiaries. All reasonable effort has been made to provide accurate information, but Admiralty
Slide 44: Thank you for your attendance and support
For personal use only The Board of Admiralty Resources NL thanks you for your attendance and support.
Admiralty Resources NL — Shareholder Meeting (November 2010) on 6ix