Admiralty Resources NL · ASX:ADY
Admiralty Resources NL — Latin American Downunder Conference, Sydney 2012
34 slides from Admiralty Resources NL's conference presentation, May 23, 2012
Slide 1: For personal use only
For personal use only
Slide 2: Forward Looking Statements
Slide - 2 - Forward Looking Statements For personal use only 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
Slide 3: Project Location
Slide - 3 - 6,800 Ha in the Chilean iron belt with internal roads network and no high mountain formations Project Location 46km from the Guacolda and Las Losas ports For personal use only 7km from the railway line owned by Ferronor S.A. and 3km from the Pan American highway, with direct access
Slide 4: Project Location
Slide - 4 - Project Location For personal use only Distance from Vallenar by road Las Losas Port 49 km Guacolda Port 49 km Castilla Port 135 km Punta Caleta Port 200 km Punta Totoralillo Port 300 km Image obtained from Google Earth ©2012. Map is not to scale.
Slide 5: Admiralty's Mineral Tenure
Admiralty’s Mineral For personal use only Tenure It covers 6,600 Ha and it is composed of the following groups: Pampa Tololo (3,455 Ha) Harper South (2,498 Ha) Leo Sur (647 Ha) Maps is not to scale. Image obtained from Google Earth ©2012 .
Slide 6: Strategy and Objectives
Slide - 6 - Strategy and Objectives For personal use only STRATEGY: Explore and develop our iron ore projects in Chile. OBJECTIVE: Produce high quality iron from magnetite using dry magnetic separation. In pursuit of this strategy, the Company's immediate objectives are to: continue structured and
Slide 7: Iron Oxide – Magnetite versus Hematite
Slide - 7 - Iron Oxide – Magnetite versus Hematite For personal use only Iron is the fourth most abundant element on the Earth’s crust* Hematite and Magnetite are the most important iron minerals Hematite (Fe2O3) is an iron oxide containing 70% Fe and it is weathered iron, with commercially vi
Slide 8: Magnetite – An Advantage Edge
Slide - 8 - Magnetite – An Advantage Edge For personal use only Magnetite projects are capable of producing high grade concentrates up to 68-69% Fe, which: have a higher Fe grade than many hematite iron deposits; have lower impurities; and attract a price premium on the market. Hematite ir
Slide 9: Project – Harper South District
Slide - 9 - PROJECT 1 – Harper South District For personal use only 7 targets confirmed and 2 anomalies identified by high resolution ground magnetic survey 2 sorts of mineralisation found in the district: magnetite style in the east and IOCG (iron oxide, copper & gold) in the west with zones se
Slide 10: High Resolution Ground Magnetic Surveys
High Resolution For personal use only Ground Magnetic Surveys nT scale Highest Lowest nT nT Mariposa ±26780 ±23480 La Chulula Negrita ±26730 ±22558 Soberana/ ±27379 ±22628 Media Soberana La Vaca/ ±25619 ±23601 Mal Pelo Image obtained from from Google Earth ©2012. Note: Map is not to scale. UTM coord
Slide 11: Mariposa
Slide - 11 - Mariposa High Resolution Ground Magnetic Survey (Harper South) For personal use only 3D view of the confirmed target Complex oval shape with two branches, steeply dipping in a western direction It has dimensions of 250 x 300m, located at a depth of less than 100m below the surface a
Slide 12: La Chulula
Slide - 12 - La Chulula High Resolution Ground Magnetic Survey (Harper South) For personal use only 3D view of the confirmed target This is the most important target in relation to size/susceptibility. A north/south vertical body, with dimensions of 250 x 750m, near the surface, with depths up to
Slide 13: Soberana
Slide - 13 - Soberana High Resolution Ground Magnetic Survey (Harper South) For personal use only 3D view of the confirmed targets Target 1 – Soberana is an east-west elongated body with horizontal dimensions of 350 x 100 m, located near the surface, with depths up to 150m and exhibiting magnetic
Slide 14: Negrita
Slide - 14 - Negrita High Resolution Ground Magnetic Survey (Harper South) For personal use only Unique double magnetic field with susceptibilities 3D view of the confirmed target values between 0.22 and 0.55 S.I. units resulting in a dumbbell shape target Upper area – an oval shape, running fro
Slide 15: La Vaca & Mal Pelo
Slide - 15 - La Vaca & Mal Pelo High Resolution Ground Magnetic Survey (Harper South) For personal use only This is the most important target in relation to size. 3D view of the confirmed Located on the west side of the Harper South District targets and anomalies Different sort of mineralisation
Slide 16: Harper South: Drilling and our path into production
For personal use only Harper South: Drilling and our path into production
Slide 17: Mariposa Mine Plan
Slide - 17 - Mariposa Mine Plan Objectives For personal use only Get mine ready for an initial production of 1.2 million tonnes of finished product per annum CAPEX required: US$20 million OPEX required: US$10 million* Life of mine: 20 years minimum Target production cost per tonne of US$45 p
Slide 18: Mariposa Mine Plan: 3,000m Diamond Drilling Campaign
Slide - 18 - Mariposa Mine Plan 3,000m Diamond Drilling Campaign For personal use only Area 12 hectares (120,000 m2), about 200m in the East/West direction and extension: 600m in the North/South direction. Number of holes: 10 drill holes with a depth distribution between 255/320m and HQ diameter (63
Slide 19: Mariposa Mine Plan: Conceptual Mine Design
Slide - 19 - Mariposa Mine Plan Conceptual Mine Design For personal use only Source: Project & Maintenance Engineering S.A. (PME), Chile
Slide 20: Mariposa Mine Plan: Conceptual Plant Design
Slide - 20 - Mariposa Mine Plan Conceptual Plant Design For personal use only >3 1/2’’ Primary Jaw Secondary Cone 1’’ Crusher Crusher - <1/2’’ >6mm Tertiary Cone Crusher (2) 90TPH <6mm 100% 1 /4’’ 62-64 %Fe fines Bin 20m^3 1200 Quaternary Roller <3mm Waste Gauss Press Crusher >3mm Source: Redco Mini
Slide 21: Soberana – Early Production Mine Plan
Slide - 21 - Soberana – Early Production Mine Plan For personal use only Artisanally mined in the 1960s Exposed magnetite in parallel veins of 7-10m in length and 15-17m high Redco commissioned to undertake an early mine production study commissioned in March 2012 Mine plan concept: − 1 day
Slide 22: Soberana – Early Production Mine Plan
Slide - 22 - Soberana – Early Production Mine Plan For personal use only Tasks performed: Obtained preliminary quotes from 6 mining Topography contractors to sustain financially viable operations and lithology Contact has been made with equipment suppliers High studies Mechanical, from Chile, Ar
Slide 23: La Chulula
Slide - 23 - La Chulula For personal use only Test drill hole of 600 metres deep completed in February 2012 Visual estimation of results confirm the positive results of the high resolution ground magnetic survey and the numerous visible iron outcrops visible in the field A preliminary report s
Slide 24: Project – Pampa Tololo
Slide - 24 - PROJECT 2 – Pampa Tololo For personal use only Image obtained from from Google Earth ©2012. Map is not to scale.
Slide 25: Pampa Tololo
Slide – 25- - Located 40 km north of Vallenar and it covers 3,455 Ha For personal use only - At 200 metres from Los Colorados mine, owned by CMP, the main iron ore producer in Chile - 13 anomalies identified 4 within the Atacama - Fault (Chilean iron belt) C in the 1960s United o Nations Survey c h
Slide 26: Pampa Tololo High Resolution Ground Magnetic Survey
Slide - 26 - Pampa Tololo High Resolution Ground Magnetic Survey For personal use only 3D view of the identified targets Simpson This is the most important target in relation to size/susceptibility. An oblate spheroid shape of 800m in diameter, located at a depth of 200-250m and exhibiting magneti
Slide 27: Pampa Tololo – Deliveries
Slide - 27 - Pampa Tololo – Deliveries For personal use only ACTION STATUS 1. High resolution ground COMPLETED BY Quantec magnetic survey Geoscience Ltd 2. Reverse circulation Proposals received drilling programme of approx. 3,150 metres Programme in Simpson for: scheduled to commence • Simpson in J
Slide 28: Pampa Tololo RC drilling programme at Simpson
Slide - 28 - Pampa Tololo RC drilling programme at Simpson For personal use only Proposed drilling programme factsheet Date of execution: June 2012 Number of metres to be drilled: 3,150m Number of holes: 7 holes of 450m each Maximum depth per drill hole: 500m Diameter of drill holes: 5 3/4
Slide 29: Project – Leo Sur
Slide - 29 - PROJECT 3 – Leo Sur For personal use only Three exploitation Marking of Leo 105 concession. concessions: Leo 105, Leo 106 y Leo 107, covering 647 hectares, 10% of Admiralty’s mineral tenure, in the Huasco valley Located 8 km from El Algarrobo, iron ore mine owned by CMP El Algarro
Slide 30: Leo Sur
Slide - 30 - Leo Sur For personal use only Leo Sur exhibits copper sulphate amuck, hematite in large lumps, quartz and kaolin and it shows as a classic IOCG (Iron Oxide Copper Gold) deposit, very common in the Chilean iron belt. High resolution ground magnetic survey performed in February 2012 to de
Slide 31: Summary - Exploration Pipeline
Slide - 31 - Summary - Exploration Pipeline For personal use only ALLOCATED PROJECT TASK COMPLETION BUDGET Extension of high resolution ground magnetic Completed. Harper South $60,000 survey in Mariposa and La Chulula Results expected this quarter. Completed. Leo Sur High resolution ground magnetic
Slide 32: Mariposa – Mineral Resources
Slide - 32 - Mariposa – Mineral Resources For personal use only It currently has a JORC compliant mineral resources statement of 168 million tonnes at a cut-off grade of 10% Fe It is expected the results of the diamond drilling programme undertaken in November 2011- February 2012 will result in
Slide 33: Corporate Directory
Slide - 33 - Corporate Directory For personal use only BOARD OF DIRECTORS CONTACT Professor J. Ross Harper, Chairman Level 16, 379 Collins Street, Stephen C. Prior, Managing Director Melbourne VIC 3000, Australia Michael S. Perry, Non-executive Director Dr Shaoqing Li, Non-executive Director Tel: +6
Slide 34: Thank you for your attention
For personal use only Thank you for your attention Questions
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