Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Shareholder Meeting (November 2005)
17 slides from Admiralty Resources NL's shareholder meeting presentation, Nov 29, 2005
Slide 1: ASX Company Announcement
ASX Company Announcement Admiralty Resources NL ACN 010 195 972 DMI RALTY RESOU RCES Level 6, 150 Queen Street Melbourne VIC 3000 ff] +61-3-9642 3535 [fl +61-3-9670 8965 fw} www.ady.com.au 29 November 2005 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 200
Slide 2: AGM Presentation, 29 November 2005
i AGM PRESENTATION 29 November 2005
Slide 3: Agenda
AGENDA « Welcome and Opening of AGM « Chairman’s Report « Minutes of 2004 AGM «Vote on 4 resolutions « Close AGM « CEO Review of Operations «Questions GB, 2 SS ADMIRALTY RESOURCES
Slide 4: Chairman's Introduction and Report
Chairman’s Introduction and Report Professor Ross Harper CBE ConmSec.. @ PARMECH charts ADY:- ADMIRALTY RESOURCES. atc 0.24 O22 02 POLE O16 Od ad2 “OA 20.08, Price (Dollars) Close = $0.15 0.06 we 0,04, F002 ; ‘ : “E180 Seems leeebetrriaa echt oinen eae nein h0g a eehaaet eaten ESSE a" on ee Oe A ne
Slide 5: Resolutions of Annual General Meeting 2005
Resolutions of Annual General Meeting 2005 Resolutions 1. Financial Report be received Prof. Ross Harper be appointed a Director The Executives remuneration report be adopted - 2 N Ratify the placement of 15,000,000 shares to Wyndham Explorations SA for the acquisition of 50% of Cia Minera Santa Bar
Slide 6: The Year In Review — 04/05
The Year In Review — 04/05 Aug 2004 — Phil Thomas appointed Chairman and CEO, Anthony Dickson appointed Director, Frank Edge, CEO resigns. Sept 2004 — Review commences of business, funding, Stephen Prior appointed Company Secretary. Nov 2005 — Hazen Research evaluates phase chemistry and produces 99
Slide 7: Milestones FY 2005
Milestones FY 2005 Mar 2005 — 5 year 3 mill tonnes iron ore agreement signed with Cometals Apr 2005 — CVRB obtain 71.5% increase in iron ore price to FOB $40 tonne. Brazilians outsell Aussies due to magnetite having higher iron value, lower energy required May 2005 — CMSB obtain temporary environmen
Slide 8: Milestones FY 2005
Milestones FY 2005 Post 30 June 2005 July 2005 — 1.09 million tonnes of lithium chloride JORC calc inferred July 2005 — Pampa Tololo and Cerra Varilla tenements won at auction, with up to 64% magnetite at depths of 50 to 150 metres July 2005 ~ Philippines iron ore and Mistake Creek projects rejected
Slide 9: Key Personnel
Key Personnel Board of Directors Prof. J Ross Harper CBE — Chairman, Scottish Coal, legal background, London Anthony Dickson — Director, structured finance, legal, audit — residing in Chile part time Phillip Thomas — Managing Director, geology, chemistry, finance, marketing — located Sydney/Melbourn
Slide 10: Overview of Projects - Update
Overview of Projects - Update « Cia Minera Santa Barbara — Iron Ore — 1.35 million tonnes per annum « Environmental permit for 1.35 million tonnes granted =" Next EIS permit application for 4.0 million tonnes " Belsarco awarded contract for iron ore extraction " Development of three ports Huasco, Ca
Slide 11: Slide 11
Slide 12: Iron Ore Project
Cia Minera Santa Barbara Iron Ore Project eae, SSE ADMIRALTY RESOURCES Equity share - Admiralty Resources NL will have a 50% interest in the Cia Minera Santa Barbara iron ore mines on production. Acquisition was US$8.5m, A$1.5m_ shares, USD$10m working capital, priority repayment of loan Resource -
Slide 13: Iron Ore Project: The Resource
Cia Minera Santa Barbara Iron Ore Pr The Resource HUTA chee « Located in Northern Chile 7) 7 wine Etat ok fo kilometres south-west of Vallenar | __ : a ane *» 55 km from the commercial port on + fara atta PO of Huasco, 65km from Punta cas — a Alcalde, 180km from Caldera caer cee ae re, " The 10 mine
Slide 14: Japonesa Tenement — Million tonnes
Japonesa Tenement — 31 Million tonnes SUALES 7 > os OORDERARAS GHUCRARTOAS. = T-THT, — ALTITUDES VASUALES 4 CERROS CONOCIDOS oon a [soeerveee {gonial | tet {tre | er . uw ue eee averse [reenter Rata Tac ae \ “7 Wiioomat (2 esr | Rarnane ne ” “7 phew ---- ede ve 4 . Ao £ “ Ke 1$832000.00 ty ‘ ba H *
Slide 15: Iron Ore Project
Cia Minera Santa Barbara Iron Ore Project une n Doge tale: eae, SS ADMIRALTY RESOURCES ut rani i muggTaa 1 Pe 1 @8.50 > 69.861 1EQRRIDA x 1 1 49.80 2 80,67 1 ‘ YR cal? $ Be07 1 1 1H ana. t 1 66.41 1 ‘ ic + @1.00 2 69,807 PEDAREBA RE ot T ' n t aH 4 1 t tH 4 4 tneenenene 4 as | 79.50) 60.001 0.017) 0
Slide 16: Geomagnetics — high anomolies
Geomagnetics — high anomolies 322000. Japonesa has average grade 63% SouodSSSSSCS:*CSC en a6000 328000 - es. 15 SS ADMIRALTY RESOURCES
Slide 17: Iron Ore Project: The Resource (cont...)
Cia Minera Santa Barbara Iron Ore Project The Resource (cont...) 2. In situ iron ore - Alluvial and Hard Rock. The extraction and processing of the hard rock and alluvial iron ore deposits involves open cut earth excavation processes, with minimal overburden before the ore is processed in separators
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