#1

Presented at the Australian Copper Conference 19 June 2013

by Chris Drown, Managing Director

Presented at the Australian Copper Conference 19 June 2013

by Chris Drown, Managing Director

A NEW COPPER GEOMETRYA NEW COPPER GEOMETRY

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The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at any time without notice.

To the extent permitted by law, Adelaide Resources Limited accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions.

The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at any time without notice.

To the extent permitted by law, Adelaide Resources Limited accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions.

The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Chris Drown, who is a Member of The Australasian Institute of Mining and Metallurgy and who consults to Adelaide Resources Limited on a full time basis. Mr Drown has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Drown consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Chris Drown, who is a Member of The Australasian Institute of Mining and Metallurgy and who consults to Adelaide Resources Limited on a full time basis. Mr Drown has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Drown consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

Disclaimer and Competent Person’s StatementDisclaimer and Competent Person’s Statement

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Adelaide Resources’ BusinessAdelaide Resources’ Business• We are a South Australian based mineral explorer with a tight

commodity focus on copper and gold.

• We have projects in SA, NT and QLD in terrains with pedigrees that can deliver “company maker” discoveries.

• The vast majority of our ground holdings are 100% owned.

• We spend the majority of our funds on drilling, with someexcellent intersections achieved during the last four years.

• The Moonta Copper-Gold Project on South Australia’s YorkePeninsula is our flagship project

• We are a South Australian based mineral explorer with a tight commodity focus on copper and gold.

• We have projects in SA, NT and QLD in terrains with pedigrees that can deliver “company maker” discoveries.

• The vast majority of our ground holdings are 100% owned.

• We spend the majority of our funds on drilling, with someexcellent intersections achieved during the last four years.

• The Moonta Copper-Gold Project on South Australia’s YorkePeninsula is our flagship project

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• Listed on ASX in 1996 (ADN)

• Shares issued ~205 million

• Unlisted securities ~2.9 million

• Cash ~$3.0 million

• Shareholders 2470

• Top 20 hold 38.4%

• Major holderLoftus Lane/Stiletto Invest. 7.1%

• 12 month trading 3.5 to 25 cents

• Market cap $24.6M (12 cents)

• Listed on ASX in 1996 (ADN)

• Shares issued ~205 million

• Unlisted securities ~2.9 million

• Cash ~$3.0 million

• Shareholders 2470

• Top 20 hold 38.4%

• Major holderLoftus Lane/Stiletto Invest. 7.1%

• 12 month trading 3.5 to 25 cents

• Market cap $24.6M (12 cents)

Corporate statisticsCorporate statistics

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The BoardThe BoardAndrew Brown – Fund Manager

Non-executive Chairman30+ years experience

Chris Drown – GeologistManaging Director25+ years experience

John Horan – Accountant Non-executive Director 40+ years experience

John den Dryver – Mining Engineer Non-executive Director 30+ years experience

Mike Hatcher – GeologistNon-executive Director40+ years experience

Andrew Brown – Fund Manager Non-executive Chairman30+ years experience

Chris Drown – GeologistManaging Director25+ years experience

John Horan – Accountant Non-executive Director 40+ years experience

John den Dryver – Mining Engineer Non-executive Director 30+ years experience

Mike Hatcher – GeologistNon-executive Director40+ years experience

Nick Harding – AccountantCompany Secretary/CFO25+ years experience

Mark Manly – Geologist Exploration Manager 25+ years experience

Nick Harding – AccountantCompany Secretary/CFO25+ years experience

Mark Manly – Geologist Exploration Manager 25+ years experience

A professional team with years of industry experienceA professional team with years of industry experience

Senior ManagementSenior Management

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Annual exploration and administration spendAnnual exploration and administration spend

The vast majority of the exploration spend goes on drilling and the admin/exploration ratio is low.The vast majority of the exploration spend goes on drilling and the admin/exploration ratio is low.

1000

0

3000

4000

2000

$’000

s

5000 Joint VentureAdelaide Resources

Exploration funding

Administration

11/12

6000

97/98

10/11

98/99

09/10

99/00

08/09

00/01

01/02

02/03

03/04

04/05

05/06

06/07

07/08

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Project locationsProject locations

NorthernTerritory

SouthAustralia

Victoria

ROVERGold/Copper

MOONTACopper/Gold

ANABAMA

Copper/Gold

DRUMMONDGold

Queensland

EYRE PENINSULA

Gold/Copper

YALANDAGold/Uranium

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Early exploration on the Yorke Peninsula Early exploration on the Yorke Peninsula Bio-geochemical analysis with an optical emission spectroscopy finish was used by Captain Hughes, who in 1851 observed: “tree roots in the area burnt with green flames….convincing him strong lodes must exist so he instructed his shepherds to look for copper”. (Blainey – The Rush That Never Ended)

James Boor found green pebbles by a Wombat hole near Kadina, Hughes identified it as copper carbonate, pegged the ground and with capital from Scottish merchants Elder and Smith sunk the first of several shafts on the Wallaroo Mines.

Funds returned from this investment helped build the great Pastoral House of Elder-Smith, and two £20,000 donations by Hughes and Elder led to the founding of Adelaide University.

Bio-geochemical analysis with an optical emission spectroscopy finish was used by Captain Hughes, who in 1851 observed: “tree roots in the area burnt with green flames….convincing him strong lodes must exist so he instructed his shepherds to look for copper”. (Blainey – The Rush That Never Ended)

James Boor found green pebbles by a Wombat hole near Kadina, Hughes identified it as copper carbonate, pegged the ground and with capital from Scottish merchants Elder and Smith sunk the first of several shafts on the Wallaroo Mines.

Funds returned from this investment helped build the great Pastoral House of Elder-Smith, and two £20,000 donations by Hughes and Elder led to the founding of Adelaide University.

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“To the Colony of South Australia, copper was like a huge flywheel, generating wealth and activity.” (Blainey – The Rush That Never Ended)

“To the Colony of South Australia, copper was like a huge flywheel, generating wealth and activity.” (Blainey – The Rush That Never Ended)

The Yorke Peninsula’s “Copper Triangle”The Yorke Peninsula’s “Copper Triangle”

1915 Richmans Enginehouse, Moonta

The Copper Triangle

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Adelaide Resources aims to turn the Copper Triangle into

a many-sided figure!

Adelaide Resources aims to turn the Copper Triangle into

a many-sided figure!

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Moonta Project – location planMoonta Project – location plan

The following slides set the sceneThe following slides set the scene

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Olympic Copper Gold ProvinceLEGEND

Adelaide ResourcesAntofagastaArevaBHPBFMGOz MineralsRexRio TintoSandfireStraitsUranium OneXstrataOther

200 kilometres

Olympic Copper-Gold Province – operating companiesOlympic Copper-Gold Province – operating companies

Even SpencerGulf is pegged!!

Even SpencerGulf is pegged!!

All land in the OCGP where

exploration is allowed is

pegged.

All land in the OCGP where

exploration is allowed is

pegged.

Major companies and copper producers dominate.

Major companies and copper producers dominate.

(non OCGP tenements not shown)

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OCGP – depth to prospective basementOCGP – depth to prospective basementThe Yorke Peninsula in general, and the Moonta Project in particular, has the shallowest cover anywhere along the entire Olympic Copper Gold Province.

The Yorke Peninsula in general, and the Moonta Project in particular, has the shallowest cover anywhere along the entire Olympic Copper Gold Province. Olympic Dam

(330m)

Challenger

Prominent Hill (100m)

MOONTAPROJECT

(mostly < 10m)

Olympic Copper-Gold

Province

(470m)

Hillside (~30-70m)Copper/

depositGold

200 kilometres

Vulcan (900m)

Punt Hill(~700m)

A

B

Carrapateena

1000

800

600

400

200

Prominent HillVulcan

OlympicDam Carrapateena

Punt HillSpencer

Gulf

MOONTAPROJECT

Hillside

Dept

hbe

low

s urfa

c e(m

etre

s)

A B

Cover

Prospective basement

{

Schematic section

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Yorke Peninsula – operating companiesYorke Peninsula – operating companies

Adelaide Resources

ArevaCoreInvestigatorMonax – Marmota

Phoenix CopperRexSandfire

SpencerXstrataOther

Olympic Copper Gold ProvinceLEGEND

80 kilometres

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Moonta Project exploration history timelineMoonta Project exploration history timeline

Historical exploration at Moonta was dominated by mid caps and majors which needed to find very large resources. This presents Adelaide Resources with a valuable historical database and a scale opportunity. The opportunity is significantly enhanced by improved copper prices since the mid 2000’s.

Historical exploration at Moonta was dominated by mid caps and majors which needed to find very large resources. This presents Adelaide Resources with a valuable historical database and a scale opportunity. The opportunity is significantly enhanced by improved copper prices since the mid 2000’s.

Copper PriceCopper Price

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Historic data – a hugely valuable assetHistoric data – a hugely valuable asset

Past explorers bequeathed an enormous amount of data. In 2013 dollars, this data is valued in the tens of millions.

Past explorers bequeathed an enormous amount of data. In 2013 dollars, this data is valued in the tens of millions.

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Moonta Project scene setting key pointsMoonta Project scene setting key points• Located in the Olympic Copper Gold Province, a region that is totally

pegged and where ownership is dominated by many of the World’s largest copper producers.

• Located in the Olympic Copper Gold Province, a region that is totally pegged and where ownership is dominated by many of the World’s largest copper producers.

• Our tenement is in the area where the prospective rocks are at their shallowest, allowing much more cost efficient exploration and the application of a broader range of search methods.

• Our tenement is in the area where the prospective rocks are at their shallowest, allowing much more cost efficient exploration and the application of a broader range of search methods.

• The history of exploration on the Moonta Project is one dominated by large companies, presenting Adelaide Resources with both an extremely valuable historical dataset and a significant scale opportunity.

• The history of exploration on the Moonta Project is one dominated by large companies, presenting Adelaide Resources with both an extremely valuable historical dataset and a significant scale opportunity.

• Our advantage is magnified by historically good metal prices.• Our advantage is magnified by historically good metal prices.

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Alford West – magnetic image showing WMC/NBH auger copper anomaly and drillhole collarsAlford West – magnetic image showing WMC/NBH auger copper anomaly and drillhole collars

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Alford West – plan of area of detailed drillingAlford West – plan of area of detailed drilling

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Alford West Prospect –Section 753,730 mE

Alford West Prospect –Section 753,730 mE

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Alford WestProspect –Section 753,780 mE

Alford WestProspect –Section 753,780 mE

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Alford WestProspect –Section 753,830 mE

Alford WestProspect –Section 753,830 mE

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Alford West – drill chipsAlford West – drill chipsALWAC007 ALWAC008

Depth31-32

32-33

33-34

34-35

35-36

36-37

37-38

38-39

39-40

Depth18-19

19-20

20-21

21-22

22-23

23-24

24-25

25-26

26-27

Cu % Au g/t0.17 0.13

5.57 0.42

6.63 0.22

13.15 0.82

8.55 0.66

2.33 0.16

12.35 0.55

12.80 0.68

7.94 0.45

Cu % Au g/t2.49 0.64

2.81 7.39

5.48 8.41

2.64 2.00

2.28 2.47

0.98 7.58

8.56 4.11

0.50 0.57

0.54 1.35

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Alford West Prospect summary plan – Stage Two holes shownAlford West Prospect summary plan – Stage Two holes shown

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Alford West – Stage Two drilling with historic auger results Alford West – Stage Two drilling with historic auger results

Auger Hole 5083300ppm Cu 18-24ft EOH

Auger Hole 5073.4%Cu 54-60ft950ppm Cu 66-70ft EOH

Auger Hole 509.513.0%Cu 24-30ft390ppm Cu 48-52ft EOH

Section 753,000 m E

Stage Two holes in Red

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514E Auger Line

Auger Hole 501.5 0.26% Cu24-30ft EOH

Auger Hole 502.5 0.29% Cu 30-32ft EOH

Auger Hole 507.5 0.11% Cu30-36ft EOH

Auger Hole 506 0.12% Cu42-48ft EOH

Stage Two holes in redAlford West – Stage Two drilling with historic auger results Alford West – Stage Two drilling with historic auger results

Section 753,320 m E

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Alford West Stage Two drilling underwayAlford West Stage Two drilling underwayStage Two drilling program commenced 27 May 2013.

Program will more than quadruple the number of aircore holes drilled at Alford West by Adelaide Resources.

Detailed drill coverage will increase from 300 metres to 1100 metres along the prospective strike.

Drill samples will be scanned with FPXRF instrument.

Stage Two drilling program commenced 27 May 2013.

Program will more than quadruple the number of aircore holes drilled at Alford West by Adelaide Resources.

Detailed drill coverage will increase from 300 metres to 1100 metres along the prospective strike.

Drill samples will be scanned with FPXRF instrument.

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Alford West Stage Two drilling FPXRF (preliminary) intersections Alford West Stage Two drilling FPXRF (preliminary) intersections

Adelaide Resources has utilised a Field Portable X-Ray Fluorescence (FPXRF) Analyser to test 1610 samples (aircore samples and QA/QC standards and blanks). Samples were unprepared and run using “soil” Mode for a period of 30 seconds per test. Internal orientation test work confirms that FPXRF is an effective method for estimating copper values but lacks the sensitivity and detection limits for conducting direct gold analysis.

Intersections calculated by averaging 1 metre samples. Top cut applied with assays greater than 10% Cu cut to 10%. Introduced QA/QC samples indicate acceptable analytical quality. Intersections are downhole lengths. The FPXRF results reported herein should be considered indicative but not definitive and will be superseded by routine conventional laboratory analysis currently in progress.

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Alford West SummaryAlford West Summary• Defined by poorly drill tested 3 kilometre long auger copper

geochemical anomaly.• Defined by poorly drill tested 3 kilometre long auger copper

geochemical anomaly.

• Detailed drill coverage restricted to 1/10 of anomaly.• Detailed drill coverage restricted to 1/10 of anomaly.

• High grade, wide intersections from multiple lodes present oneach of six traverses of detailed drilling.

• High grade, wide intersections from multiple lodes present oneach of six traverses of detailed drilling.

• Significant gold present along with copper.• Significant gold present along with copper.

• High grades persist to within 5 metres of the surface.• High grades persist to within 5 metres of the surface.

• Valuable mineral chalcocite present.• Valuable mineral chalcocite present.

• Stage Two drilling program currently underway.• Stage Two drilling program currently underway.

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Willamulka Prospect – planWillamulka Prospect – plan10km north east of Kadina

Shallow 550 metre long coherent zone of copper and gold mineralisation open at depth.

10km north east of Kadina

Shallow 550 metre long coherent zone of copper and gold mineralisation open at depth.

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Willamulka Prospect – sectionWillamulka Prospect – section

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Paskeville Prospect – planPaskeville Prospect – plan

15km east of Kadina

Shallow 400 metre long coherent zone of copper mineralisation open at depth and along strike.

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Paskeville Prospect – sectionPaskeville Prospect – sectionRecent drilling shows a steeply north dipping 50m wide zone of copper mineralisation.Recent drilling shows a steeply north dipping 50m wide zone of copper mineralisation.

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Wombat Prospect – sectionWombat Prospect – section10km north east of Wallaroo. Recent drilling shows significant intersections of copper in a large shear zone in meta-somatite south of the Tickera granite.

10km north east of Wallaroo. Recent drilling shows significant intersections of copper in a large shear zone in meta-somatite south of the Tickera granite.

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Alford Fault Zone – planAlford Fault Zone – planShear Zone wrapping around the south east contact of the Tickera Granite

Wallaroo

Wombat

Alford West

Alford Fault Zone

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The Alford Fault Zone – a new copper belt for Australia?The Alford Fault Zone – a new copper belt for Australia?The Alford Fault Zone wraps around the contact of a Hiltaba Granite. Many intersections greater than 10m at 1.00% copper present.The Alford Fault Zone wraps around the contact of a Hiltaba Granite. Many intersections greater than 10m at 1.00% copper present.

Historic East Alford DrillingALAC197 - 21m @ 1.01% Cu & 882ppm CoALDDH09 - 14m @ 2.26% Cu &11.4g/t AgALDDH01 - 76m @ 0.95% CuMPBD3 - 14m @ 1.50% Cu

Historic Alford West DrillingAL7 - 29m @ 1.07% Cu from 44mAL9 - 5m @ 2.78% Cu & 3.17g/t AuAl10 - 12m @ 2.22% Cu from 64mAl11 - 10m @ 2.30% Cu from 59mDDH129 - 106m @ 0.12% Mo from 119.8mDDH132 - 11.2m @ 2.02% Cu from 146.9mDDH224 - 9m @ 0.95% Cu from 104m

Adelaide Resources’ Alford West Drilling.ALWAC003 - 7m @ 1.86% Cu & 0.45g/t AuALWAC006 - 10m @ 4.23% Cu & 0.20g/t AuALWAC007 - 20m @ 4.20% Cu & 0.27g/t AuALWAC008 - 45m @ 1.55% Cu & 1.81g/t AuALWAC016 - 15m @ 1.04% Cu & 0.31g/t AuALWAC017 - 10m @ 1.69% Cu & 1.24g/t AuALWAC019 - 7m @ 1.02% Cu & 0.06g/t AuALWAC023 - 4m @ 1.20% Cu & 0.09g/t Au

Wombat DrillingWOMDD001 - 66m @ 1.04% CuMPD-05-21 - 36m @ 1.14% Cu

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Moonta Exploration TriangleMoonta Exploration Triangle

Goal is to progress prospects to higher levels and to higher quality.

Goal is to progress prospects to higher levels and to higher quality.

Alford West, Willamulkaand Paskeville are just part of the story. We have numerous other targets establishing a strong exploration pipeline.

Alford West, Willamulkaand Paskeville are just part of the story. We have numerous other targets establishing a strong exploration pipeline.

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How we see Moonta unfoldingHow we see Moonta unfolding• It is clear that our Moonta project has exceptional and widespread

prospectivity for shallow copper-gold deposits.• It is clear that our Moonta project has exceptional and widespread

prospectivity for shallow copper-gold deposits.

• We are confident that we can build a project-wide resource base, based upon the definition of multiple deposits located within a few kilometres of each other.

• We are confident that we can build a project-wide resource base, based upon the definition of multiple deposits located within a few kilometres of each other.

• A mineral inventory is now starting to emerge with the Willamulka and Paskeville discoveries, promising results from Wombat and Copper Hill, and our spectacular first results from Alford West.

• A mineral inventory is now starting to emerge with the Willamulka and Paskeville discoveries, promising results from Wombat and Copper Hill, and our spectacular first results from Alford West.

• We need to be persistent. Moonta is not about the next hole or the next drill program, its about the next ten drill programs.

• We need to be persistent. Moonta is not about the next hole or the next drill program, its about the next ten drill programs.

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Moonta Project forward focusMoonta Project forward focus

• Modelling and resource estimation for advanced prospects to begin building project wide mineral inventory.

• Modelling and resource estimation for advanced prospects to begin building project wide mineral inventory.

• Digitisation of historical exploration data to highlight additionalopportunities that can add to our mineral inventory and our prospect pipeline.

• Digitisation of historical exploration data to highlight additionalopportunities that can add to our mineral inventory and our prospect pipeline.

• Further, drill dominated exploration to grow resource position with Alford West emerged as the stand-out deposit.

• Further, drill dominated exploration to grow resource position with Alford West emerged as the stand-out deposit.

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Rover Project – LocationRover Project – Location

100% owned project with two copper-gold deposits (Rover 4 and ADN’s share of Rover 1) and several other early-stage prospects with mineralised drill intersections.

100% owned project with two copper-gold deposits (Rover 4 and ADN’s share of Rover 1) and several other early-stage prospects with mineralised drill intersections.

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200 –

250 –

300 –

40 m40 m

dolomite - talc - magnetite

magnetite - chlorite stringer

chlorite alteration pipe

Depth

massive magnetite- chlorite - gold

452,000 tonnes @ 56.1 g/t Au (815,000 oz)452,000 tonnes @ 56.1 g/t Au (815,000 oz)

Max. ore dimensionsStrike: 70mWidth: 40mDepth: 50m

Max. ore dimensionsStrike: 70mWidth: 40mDepth: 50m

Anatomy of a Tennant Creek Deposit – Juno sectionAnatomy of a Tennant Creek Deposit – Juno section

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Tennant Creek Major ProducersTennant Creek Major Producers

Mine Tonnes Au g/t Au oz Cu % Cu tonnes

Warrego 6,750,000 6.6 1,475,000 1.9 178,000

Nobles Nob 1,996,000 17.3 1,110,000 – –

Juno 452,000 56.1 815,000 0.3 1,000

White Devil 1,618,000 14.6 761,000 – –

Peko 3,676,000 3.5 414,000 4.0 147,000

Gecko 2,930,000 1.6 150,000 3.6 119,000

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Rover 1 Prospect – Plan Rover 1 Prospect – Plan

SectionSection

#44

Rover 1 Prospect – SectionRover 1 Prospect – SectionSystem of substantial dimension confirmed on ADN’s ground.

High grades of gold and copper intersected.

Neighbour Metals X Limited has recently been granted approval to establish an exploration decline into Rover 1 (1.22 Moz Aueqresource).

System of substantial dimension confirmed on ADN’s ground.

High grades of gold and copper intersected.

Neighbour Metals X Limited has recently been granted approval to establish an exploration decline into Rover 1 (1.22 Moz Aueqresource).

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Rover 1 high grade drill core Rover 1 high grade drill core

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Rover 4 Prospect PlanRover 4 Prospect Plan

SectionSection

#47

Rover 4 Prospect – Section 1Rover 4 Prospect – Section 1Located about 2.2km northeast of Rover 1.

Shallowest known mineralisation in the broader Rover Field.

Two main zones of Cu-Au present.

Ranks second behind Rover 1 in terms of Rover Field deposits.

Located about 2.2km northeast of Rover 1.

Shallowest known mineralisation in the broader Rover Field.

Two main zones of Cu-Au present.

Ranks second behind Rover 1 in terms of Rover Field deposits.

#48

3-D model of Rover 4 host ironstone beneath unconformity 3-D model of Rover 4 host ironstone beneath unconformity

Model constructed by AMC Consultants

#49

Rover Project – SummaryRover Project – Summary• 100% owned project.

• Significant zones of high grade gold and copper mineralisation confirmed in ADN’s part of the Rover 1 deposit. MLX likely to develop its part of Rover 1.

• Two main zones of copper and gold mineralisation discovered at the Rover 4 prospect only 2.2km from Rover 1.

• Promising recent exploration results from earlier stage prospects like Rover 12.

• A strategic, highly prospective land position in the re-emergingTennant Creek district.

• 100% owned project.

• Significant zones of high grade gold and copper mineralisation confirmed in ADN’s part of the Rover 1 deposit. MLX likely to develop its part of Rover 1.

• Two main zones of copper and gold mineralisation discovered at the Rover 4 prospect only 2.2km from Rover 1.

• Promising recent exploration results from earlier stage prospects like Rover 12.

• A strategic, highly prospective land position in the re-emergingTennant Creek district.

#50

adelaideresources.com.auadelaideresources.com.au

Providing shareholders with discovery opportunities! Providing shareholders with discovery opportunities!