Global Leadership Proven Track Record. World Class Projects Advancing to Production

Transcription

1 Global Leadership Proven Track Record World Class Projects Advancing to Production Corporate Presentation September 2007

2 Forward Looking Statement Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as intends or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking information includes statements regarding the Company s exploration and development plans with respect to its properties and the estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include metal price volatility, change in equity markets, the uncertainties involved in interpreting geological data, permitting and environmental, increase in costs and exchange rate fluctuations and other risks involved in the exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Adriana Resources. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Page 2

3 Corporate Strategy To become a world class mid tier iron ore producer and mineral transportation company. Foster corporate growth by maintaining a sustainable pipeline of exploration and development projects. Page 3

4 Investment Highlights Experienced Management Team and Board of Directors with significant track record of operating and building successful mining companies Potential short-term cash flow projects: Iron Ore Port Facility in Brazil 2 to 3 years Mustavaara Vanadium Mine in Finland 2 to 3 years Exploration and development projects: Lac Otelnuk in Quebec, Canada MIE in Nunavut, Canada Page 4

5 Diversified Portfolio Quebec Strategic Development Project - Iron ore Nunavut Exploration Projects - Ni-CuPGE, Uranium Vancouver, Canada Corporate Office Finland Advancing Mustavaara Project to Production Iron Ore, Vanadium, Titani um Rio de Janeiro, Brazil Developing Iron Ore Port Facility Reviewing other Iron Projects Page 5

6 Experienced Management Team Michael Beley Richard Barclay Dr. Joe Griebel President & CEO CFO & Director Director Adriana Resources Adriana Resources Inc. Adriana Resources Inc. CEO Brazore Ltda. Co-founder, VP & Director of Eldorado Gold Corp. (1992 to 2001) Co-founder, VP & Director of Bema Gold Corp. (1982 to 1992) Co-founder of Polaris Minerals (2002 to 2003) Director of Nevada Pacific Gold (2004 to 2007) Founding CEO, President, & Director of Eldorado Gold Corp. (1992 to 1999) Co-founder, CFO and Director of Bema Gold Corp. (1982 to 1992) President, CEO & Director of Nevada Pacific Gold (2002 to 2005) President of Inco Brasil Limitada (2000 to 2007) until take over by CVRD Senior Vice-President of Exploration for Eldorado Gold Corporation managing all of Eldorado's international exploration activities (1996 to 1998) Previous Director of Exploration for Unamgen Mineração e Metalurgia S. A., a subsidiary of Gencor South Africa, and a Director of Gencor's São Bento Gold Mine in Brazil Page 6

7 BRAZILIAN IRON ORE EXPORT PROJECT Page 7

8 Iron Ore Export Opportunity Option to purchase three contiguous parcels of shoreline covering approximately 857,575 square meters of land in Brazil Port will have initial operating throughput of 5 million tonnes per year increasing to 18 million tonnes per year The preliminary permit expected in one month and full construction permit expected in six months Seabulk Systems Inc. will design and develop the iron ore port facility Significant cash flow projections within 3 years and short payback period Currently reviewing potential iron ore projects in Brazil Page 8

9 The Iron Ore Source The Iron Quadrangle of Minas Gerais is a major source of world class iron deposits that can feed the strong demand for global steel production A lack of independent port facilities in the Province of Minas Gerais has forced the small to medium size iron producers to sell to the major producers who own port facilities The independent iron producer has a limited market and is under capitalized Page 9

10 Minas Gerais Infastructure The Quadrangle is served by the independently owned MRS Logistica railway with connections to the Atlantic Ocean west of Rio de Janeiro MRS has double tracked its southern rail system to expand its annual carrying capacity by an additional 100 million tons The MRS Railroad facilities are available for shipping independently owned iron ore at competitive freight rates and will accommodate self-owned rail cars MRS Logistica Railway passes through the northern edge of property Page 10

11 Strategic Relationship Seabulk Credentials: Seabulk Systems was awarded the Governor General award for engineering excellence for the SST at Indonesia Frankfurt: Terminals Seaport facility for loading lead/zinc at Red Dog mine, Alaska Ore import terminal, Coos Bay, Oregon Coal export terminal, Campbell River, B.C. Aggregate export terminal, Sechelt, B.C. Aggregate export terminal, Port McNeill, B.C. Self-unloading Vessels Conversion of 42,000 dwt vessel, CSL, Canada Design of 6,000 dwt barge for concentrates, Foss Maritime, Seattle Design and build of three 70,800 dwt self-unloaders, China Conversion of a 36,000 dwt bulk carrier to self-loader/selfunloader Transhippers Semi-submersible transshipper, Indonesia Metal concentrate transshipper, Alaska Seabulk transfer vessel, B.C. (in progress) A7R Page 11

12 Lac Otelnuk Fe

13 Labrador Trough Hosts the majority of Canada's iron production Potential for 3-4 billion tonnes of Iron Ore: 25% magnetite One of Canada s largest undeveloped Iron Deposits Drill program commenced August 2007 to define NI resource Deposit is flat lying and exposed at surface Page 13

14 Historic Resource Estimates NORTH ZONE Property Outline 623,600,000 Tonnes 33.92% Soluble Iron 25.08% Magnetic Iron N North Zone SOUTH ZONE 56oN 1,145,000,000 Tonnes 33.06% Soluble Iron 25.76% Magnetic Iron These historic resource estimates and test result were prepared prior to the implementation of NI These estimates should not be relied upon for any assessment of the merit of the property. Magnetic Iron is the percent iron in the form of magnetite 68o20 W Historic Resource calculations not NI compliant South Zone Page 14

15 Labrador Trough - Infrastructure Proposed roads/pipelines to Kuujjuaq & Electrical Plants Proposed Sites for future HydroElectric Plants Caniapiscau 200MW Plant (to be commissioned) Brisay 469MW Plant (operational) Page 15

16 Mustavaara Mine Fe-V-Ti

17 Mustavaara, Finland Mustavaara Mine Site NI compliant resource of 30 million tons grading 16.8% magnetite with a 0.91% vanadium; potential to increase to over 150 million tonne Past producer - at one time accounted for 10% of global supply of Vanadium Extensive infrastructure in place Significant European demand for Vanadium for steel production Open Pit Plant Facilities (removed) Tailings Pond Page 17

18 Mustavaara - Moving Forward Behr Dolbear scoping study expected in Fall 2007 Potential to achieve production / cashflow within 2-3 years Page 18

19 MIE Ni Cu PGE

20 MIE Ni-Cu-PGE Project, Nunavut World Class Ni-Cu and PGE deposits are hosted in this geological environment: Bushveld and Noril'sk mining camps Drill results received June 2007 identified 14 meters of sulphide mineralization grading 0.34% Ni, 0.88% Cu, 1.15 g/t Pd, 0.12 g/t Pt, 0.10 g/t Au within a 65 meter thick magmatic unit Expanded drill program to define mineralization assays pending Assays noted above Holes #3 & #4 Recently completed awaiting assays Page 20

21 Summary Brazil Develop iron ore port facility Aggressive acquisition and exploration strategy to foster growth of Brazilian assets Finland Complete scoping study in Fall 2007 for Mustavaara Mine in Finland Canada Completion of a NI compliant multi-billion tonne resource at the Lac Otelnuk Iron Ore Project in Quebec Continued Ni-Cu-PGE-U exploration in Nunavut Page 21

22 Corporate Share Structure Shares Issued: 35,713,317 Fully Diluted: 39,744,451 Owned by insiders: 13,000, Week high/low: $1.49-$0.61 Market Cap: $35 Million Public Float: 19,000,000 Page 22