building the italian antimony industry
DESCRIPTION
Objective Capital's Industrial Minerals & Metals Resources Investment Forum 2012 Ironmongers' Hall, City of London 6 November 2012 Speaker: Catherine Feore, Adroit ResourcesTRANSCRIPT
INDUSTRIAL MINERALS & METAL RESOURCES INVESTMENT FORUM
IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY, 6 NOV 2012
www.ObjectiveCapitalConferences.com
Building the Italian antimony industryCatherine Feore – Director & VP of Marketing, Adroit Resources
Exploring MiningProperties Worldwide
A focused explorer and developer of world class mining assets
November 2012
Disclaimer
This presentation may contain « forward-looking statements » which reflect the Company’s current expectations regarding the future results of operations, future anticipated exploration results, performance and achievements of the Company, including potential property acquisitions, the timing, content and results or work programs, geological interpretations and potential mineral recovery processes and negotiation and closing of future financings. The statements reflect the current beliefs of the management of the Company, and are based on currently available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors, which could cause the actual results, performance, or achievements of the Company to differ materially from those expressed in, or implied by, these statements. In addition, investors are cautioned that this presentation may contain information about mineral properties adjacent to or near the Company’s properties and in which the Company has no right or interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits, if any, which may be found on the Company’s properties.
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Presentation overview
Capital Structure
Italy Grosseto Province
Antimony
Italian Properties
Canadian Properties
Management
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Capital Structure (Oct 2012)
Current Market: $.05
52 wk Price Range: $.035 - $.07
Shares outstanding: 158,403,209
Fully diluted: 228,579,152
Market Cap (millions): $8 M
Approx. Insider Holdings: 11%
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Italy- Grosseto
Italy – World-class mine district :Former world-class mine district, 577 mines still
producing industrial materials and 38 geothermal power stations.
Former Antimony and Antimony Trioxide producer:Major world antimony producing Manciano area,
Grosseto Province.
Excellent infrastructureGood roads, potential location for processing plant,
deep-sea port of Civitvecchia (~50km), nearby international airports, can work throughout year.
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Italian project office
• Preparation for drilling of historic antimony resources and soil sampling, mapping and IP work on new permits.
Current exploration work programme:
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Antimony – Flame Retardant, 57%
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Antimony – PET and Polyester, 14% and increasing
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Antimony – Other uses
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Lead acid battery + micro-capacitors
Solar panel
Ammunition
Ceramics and glass
LED and OLED
screens
Touchscreens and semi-conductors
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Supply of Antimony
• Chinese production decreasing : 166,000 t (2008), down to 150,000 t (2010) - 50% from one company est. 5 years of reserves
• Crustal abundance 200ppb, less than many so called rare earth elements
• Estimated 13 yrs of global reserves left
• Export duties and quantitative limits imposed by China, Argentina, Pakistan, Indonesia and Vietnam – and strategic stockpiling in US for defence purposes
• Additional Chinese capacity purchased - Beaver Brook, Canada and Anchor, Australia
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Demand for Antimony
• China introduces import subsidies in 2011
• EU places Antimony on ‘Critical List of 14 Raw
Materials’
• US and EU currently 100% dependent on imports
• British Geological Survey places in a very high risk
category
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The Antimony Business
• Antimony prices recently climbed to over $14,000/t corrected to $12,200/t ($5,53 per pound)
• Forecast to rise with increasing supply constraints. Roskill estimates up to $14,000/t by 2016
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Sb price (sources: metal-pages.com)
Antimony compared to other strategic metals
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ADT’s Current Exploration Permits:
• I Monti 273 hectares
• Poggio Fogari 439 hectares
• I Salaioli 366 hectares
• Poggio Monticchio 162 hectares
• Faggio Scritto 246 hectares
• Poggio Pietricci 653 hectares
• Selvena 382 hectares
• Catabbio 926 hectares
• Valle Lupara 388 hectares
• Total hectares 3,835 hectares
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Former Producing Permits
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Objective
To recommence mining of antimony and other metals (Au, Ag, Sn)
How will we do it?
1. Current historic resources are over 45,000 tonnes of contained metal (not ore) and 43-101 resource calculation drilling is to commence in 2013.
2. We plan to increase this to at least 100,000 tonnes of mineable antimony (Sb) resources in 43-101 resource calculations for a 10 year mine life
1818
ADT & Antimony in Italy
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Soil Sampling Interpretation
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High grade soil, 1 -2%, Sb
Med. grade soil,0.5 – 1%, Sb
High grade, historic resource, 1.58%
High Grade, old mine, 10.9%, Sb
Three new permits : Selvena, Catabbio, Valle Lupara
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Outline Drilling Plan - Resource Calculation and Discovery
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Poggio Pietricci and Faggio Scritto - other metals
1989 - Anglo/AGIP Drill Programme, 28 holes were drilled with 26 holes returning Au values. Hole H intercepted 22.5 meters of 18.56 g/t from the surface. Including - 34.89 g/t over 7.8 meters from surface plus a high grade "sweetener" at 15.7 meters of 98.96 g/t over 1.75 meters.
1997/8 - NEBEX Exploration Programme,16 AGIP holes were sampled with 0.4g/t Au + analysis only considered, this produced 78 sample grading between 0.4 to 9.5 g/t Au.
2006 - Adroit Confirmatory Drill Programme. 3 holes confirmed the presence of Au. The best results were obtained from PP004, where the overall mineralized envelope extends from surface to a depth of 44.4m. Au grade averages in that interval 0.4g/t, Ag averages 18g/t. The broader mineralized envelope includes a 4.7m interval (29.9-34.6m) yielding 1.24g/t Au and 35.6g/t Ag. The highest value of Au encountered is 1.375g/t and covers an interval of 3.4m (31.2-34.6m).
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Focus on Canadian Properties
• Under-explored properties
• Regions known to contain prolific deposits
• Abitibi greenstone belt renowned for past discoveries of volcanogenic massive sulphide (VMS) deposits
• Produced in excess of 450 Mt of Copper-Zinc ore to date
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South Timmins/Shining Tree Camp - Red Vein Property
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Under-explored, the area has been the focus of a number of recent gold discoveries :
SGX Resources (Edelston zone and Sirola gold zones)
Xstrata Sothman Nickel Deposit
VMS System discovery (Cu/Au or Cu/Pb/Zn)
Little Pigeon Lake : NI 43-101, Inferred McIntyre Type Deposit , on poly-metallic vein (Cu/Au)
Mineral Mountain (Cook gold zone); Creso (Tyranite extension, Minto and Duggan gold discoveries)
ADT - 199.36km2
ADT – 144.32km2
ADT – 17.76km2
Gold boulder and Tittley gold showing
Red Vein Target – Little Pigeon LakeGeological Model
• ADT field work shown inferred McIntyre Deposit - NI 43-101 report refers
• McIntyre Deposit is an intrusive-hosted vein and disseminated Cu-Au-Ag-Mo deposit and gold-pyrite-quartz vein system clustered around the Pearl Lake porphry intrusive
• Mined between 1912 and 1988 producing 35 million oz Au, 7 million oz Ag and 100,000 tons Cu
• Recovered grades were 0.59 g/t Au, 2.39 g/t Ag and 0.59% Cu. Unrecovered Mo at 0.05%
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Directors, Officers and Consultants
Graeme Rowland, Chairman/President (Brussels)
Dr Mark Fedikow, Director/VP Exploration (Winnipeg)
Dave Hutcheson, Director (Brussels)
Catherine Feore, Director /VP Marketing (Brussels)
Bill Jung, Chief Financial Officer (Vancouver)
Frances Murphy, Company Secretary (Vancouver)
Terry King, Corporate Counsel (Vancouver)
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Technical Management
Dr Mark Fedikow PhD P.Eng P.Geo C.P.GVice President Exploration
Grosseto Province Team:
RMN S.r.l. – Risorse dei Minerali Naturali SRL (Subsidiary of ADT Inc.)
Davide Franceschelli – RMN Manager, Geologist
Dr. Geol. Gabriele Canzonettii of GAMMA GEOSERVIZI s.r.l. - Works Director
Karolina Cienkuszewska – Management administrator
Dr.ssa Daniela Vignali of Oikos Engineering s.r.l. - Environmental Engineering Advisor
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