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Antimony: ‘Highest Risk’ Element
1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
Antimony: ‘Highest Risk’ Element
Catherine Feore – Director & Vice
President Marketing, Adroit Resources
IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 13-14 MARCH 2012
www.ObjectiveCapitalConferences.com
3. 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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5. Capital Structure (29 Feb 2012)
Current Market: $.06
52 wk Price Range: $.04 - $.21
Shares outstanding: 135,295,191
Fully diluted: 203,795,506
Market Cap (millions): $8
Approx. Insider Holdings: 12%
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6. Italian project office
Two Flagship Assets
1. Italy - Historic Antimony Resources:
Former recent major antimony producing Manciano
area, Grosseto Province, Italy
Ontario project office
2. Ontario – Polymetallic Vein & VMS Discovery:
Red Vein Property, Shining Tree Mining Camp,
Abitibi greenstone belt
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7. Current exploration work programme:
• Preparation for drilling of historic antimony resources, Italy.
• Winter drilling programme on the Red Vein property, in the Shining Tree
Camp, Ontario.
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13. And with Italian production...
• 10,000t/year
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14. And with Adroit’s internal objective...
• 20,000t/year
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15. Supply of Antimony
• Chinese production decreasing : 180,000 t (2008), down to
120,000 t (2010) - 50% from one company
• Export duties and quantitative limits imposed in 2010
• Additional capacity purchased - Beaver Brook, in Canada and
Anchor in Australia
• There is no effective substitute for its major application (flame
retardant)
• Low recycling due to dissipative nature of major usage
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16. 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 the very high risk
category
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17. The Antimony Business
• Antimony prices recently climbed
to over $17,000/t corrected to
$12,300/t ($5.58 per pound)
• Forecast to rise with increasing
supply constraints
3-years Sb price (sources: metalprices.com)
17
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18. Comparator - only one other pure antimony play,
Tri-Star Resources
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19. 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
• Total hectares 2,139 hectares
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20. Former Producing Permits
• Located in former major, recently producing,
Manciano area, Grosseto Province, Italy
• Historic antimony resources drilled in ‘81/’82
with a view to providing feed for the mine
processing facility
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21. ADT & Antimony in Italy
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
2012.
2. We plan to increase this to 100,000 tonnes of mineable Antimony
resources in 43-101 resource calculations for a 10 year mine life by:
a. Continued exploration on open antimony deposits on currently held
properties and
b. Expand our antimony resources by acquiring other properties
known, or thought, to contain antimony resources.
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24. 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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25. Red Vein Property, 142 km2, Shining
Tree Camp
• 80km South of Timmins
• 4% of the world’s known VMS deposits,
within a 200km radius including the Kidd
Creek Mine (85km North)
• ADT drilling confirmed VMS system at
Grassy Lake. Cu & Au and Cu, Pb & Zn
MMI geochemistry targets
• 43-101 - Inferred McIntyre Deposit
Model potential at Little Pigeon Lake.
2.3 km polymetallic vein samples of up
to 10.4 % Cu
VMS Deposits
• Drilling programme this winter
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27. Red Vein Target – Little Pigeon Lake
Geological 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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29. Directors, Officers and Consultants
Graeme Rowland, Chairman/President (Brussels)
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)
Dr Guy Franceschi, Economic Geologist Consultant (Gent)
Dr Mehmet Taner, Qualified person, PGeo (Ottawa)
Dr Mark Fedikow, Qualified Person, PEng and PGeo (Winnipeg)
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30. Technical Management
Guy Franceschi
Management Geological Advisor
Economic Geologist
Cobalt Team:
Stuart Hopkins – ADT Cobalt Manager , Geo Technician
Qualified Person (QP) – Mark Fedikow, Eng. Ph. D.
3 full time plus about 20 subcontractors, including 2 geologists
Grosseto Province Team:
RMN S.r.l. – Risorse dei Minerali Naturali SRL (Subsidiary of ADT Inc.)
Davide Franceschelli – RMN Manager, Geologist and Local work director
Karolina Cienkuszewska – Management administrator
Qualified Person (QP) – Mehmet Taner, Eng. Ph. D.
6 full time plus about 10 subcontractors, including 5 geologists
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