Objective Capital's Rare Earths, Speciality & Strategic Metals Investment Summit 2011
Ironmongers' Hall, City of London
17 March 2011
Speaker: James Cross, Adroit Resources
1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
Antimony
James Cross –Director, Adroit Resources
IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011
www.ObjectiveCapitalConferences.com
2. TSXV: ADT • FSE: A7V
Exploring Mining
Properties Worldwide
CONFIDENTIAL
Historic Antimony (Sb) Resources
Your Ace in the Hole
Strategic Plan March 2011
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.
4. What is Antimony (Sb)?
• Antimony is recognised as a strategic metal.
• It is used as a flame retardant in children’s clothes, toys, specialty clothing, plastic
bottles, plastics, auto and aircraft seat covers, sofas, cushions, fluffy furniture.
• It is used as an alloying element in batteries, ammunition, cable sheaths, pumps and
pipes.
• It is also used as a clarifying element in glass bottles and optical products.
• It has the unique property of expanding when cooled.
• Substitution has proved largely unsuccessful (0.64% according to EC report 07/2010)
5. Supply and Demand Picture
• Increasing Uses
• Decreasing Global Production
• 91% of Global Production is Chinese
• 50+% of Production is one Company
• Are They Running Out?
• Are They Cornering the Market?
• Fear of Lack of Supply
• Governments are Waking Up
6. The Antimony Business
• Antimony prices have recently climbed higher to over
$14,000/MT.
• The price of antimony generally rose during 2010. It started
the year at about $1.93 per pound and finished December at
about $5.54 per pound.
• Chinese government is not allowing any
new antimony mining permits until at
least June 2011 due to rapidly depleting
resources.
• Chinese
companies have
been buying
additional antimony Evolution of Sb price
mining capacity sources: Bloomberg & MinorMetals
abroad.
7. The Antimony Business
• There are no producing sources of antimony in the EU and the
commission has identified it as a critical raw material in short
supply (EC Report - July 2010 - Critical raw materials for the
EU)
• There is only one producing antimony mine in all of North
America (Chinese owned!)
• Italy’s government recently called for an end to the EU tariff on
antimony imports because their industries were having trouble
procuring any supply.
• Without a producing antimony mine, Italy, and the EU are in a
very vulnerable position.
8. Who else does Antimony…
• EC and USGS reports dated 2010 give us the following information:
Raw Material Main producing Main EU Import Import
country sources dependence (2010)
Antimony 2009 2007 EU 100%
China 91% Bolivia 77% USA 100%
Bolivia 2% China 15%
Russia 2% Peru 6%
Country Mine Production Reserves
2008 2009
Bolivia 3,500 4,500 310,000
China 180,000 170,000 790,000
Russia 3,500 3,000 350,000
South Africa 2,800 3,000 44,000
Tajikistan 2,000 2,000 50,000
Other countries 5,000 4,000 150,000
World total (rounded) 197,000 187,000 1,700,000
9. ADT & Antimony in Italy
Objective: To show 100,000 MT of
mineable Antimony resources in
43-101 resource calculations and
have a 10 year mine life
How will we do it?
1. Current historic resources are
nearly 50,000 MT of contained
metal (not ore).
2. We will continue exploration on
open antimony deposits on
currently held properties.
3. We will expand our antimony
resources by acquiring other
properties known, or thought, to
contain antimony resources.
10. ADT & Antimony in Italy
In Italy, Adroit Resources Inc. holds interests in the following properties:
• I Monti with 273 hectares
• Poggio Fogari with 439 hectares
• I Salaioli with 366 hectares
• Poggio Monticchio with 162 hectares
• Faggio Scritto with 246 hectares
• Poggio Pietricci with 653 hectares
11. The way forward
FOR ITALY
• Management is pleased to report that field work resumed in
November 2010 on its wholly owned antimony permits in Grosseto
Province, Italy. The ongoing program comprises soil and rock
sampling, ground geophysical surveying, geological mapping and
drilling.
• Drilling is planned to start in the Summer of 2011 with the objective of
producing compliant resource calculations contained within the
Company’s exploration permits.
News Release Jan 10
12. The Way Forward For Antimony
• Build Italian Compliant Resources
• Expand Italian Open Deposits
• Acquire More Italian Antimony
• Acquire More Antimony Elsewhere
• Become Largest non-Chinese Holder
13. Outline Budget
Raising up to $3,500,000 ($1,300,000 already secured) for:
• Commencing a 43-101 resource calculation on historic
antimony resources in Italy.
• Continue drilling our VMS discovery at Red Vein in the Shining
Tree Camp of Ontario.
14. Adroit Resources Inc.
Capital Structure (FEB 11)
Issued 97,970,049
Warrants 40,806,922
Options 9,475,000
Fully diluted 148,251,971
Outline Terms
Warrants: 5,013,962 at 60 cents by expiry about APR 11
35,792,960 at 10 cents by expiry 2012 and 2013
Options: 2,050,000 at 20 cents by expiry MAY 11
1,545,000 at 10 cents by expiry MAY 12
2,380,000 at 10 cents by expiry MAY 14
3,000,000 at 11 cents by expiry May 14
500,000 at 25 cents by expiry May 14
15. Adroit Resources Inc.
Directors, Officers and Consultants
Graeme Rowland, Chairman/President (Brussels)
Sunil Joseph, Director (Toronto)
Dave Hutcheson, Director (Brussels)
James Cross, Director and VP Corporate Development (Brussels)
Bill Jung, Chief Financial Officer (Vancouver)
Guy Franceschi, Economic Geologist Consultant (Gent)
Dr. Mehmet Taner, Qualified person and Geologist (Ottawa)
Frances Murphy, Company Secretary (Vancouver)
Terry King, Corporate Counsel (Vancouver)
16. Adroit Resources Inc.
Technical Management
Cobalt Team:
Stuart Hopkins – ADT Cobalt Manager , Geo Technician,
Two full time plus about 20 subcontractors
including local geos from time to time
Guy Franceschi – Management Geological Advisor ,
Economic Geologist
Qualified Person (QP) – Mehmet Taner, Eng. Ph. D.
Grosseto Province Team:
Subsidiary of ADT Inc.
RMN S.r.l. – Risorse dei Minerali Naturali
Davide Franceschelli – RMN Manager, Geologist and Local work director
Karolina Cienkuszewska – Management administrator
Subcontractors from time to time (2 geos and 2 helpers at the moment)
Qualified Person (QP) – Guy Franceschi, Economic Geologist