Adavale Resources Limited · ASX:ADD
Adavale Resources — RIU Resurgence Conference 2022
27 slides from Adavale Resources's conference presentation, Nov 24, 2022
Slide 1: Drilling to Uncover a Tier-1 Nickel Sulphide Discovery in the East African Nickel Belt
Drilling to Uncover a Tier-1 Nickel Sulphide Discovery in the East African Nickel Belt RIU Resurgence Conference Perth 23-24 November 2022 | ASX: ADD
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Adavale Resources Ltd (ASX:ADD).This presentation contains background information about ADD current at the date of this presentation. The presentation is in summary form, has not been independently verified and does not purport b
Slide 3: Why invest in Adavale?
Why invest in Adavale? U Ni Exposure to critical minerals - Nickel and Uranium - Electrification and Decarbonisation A dominant Nickel exploration portfolio in the East African Nickel Belt (“EANB”) - Region poised to become an epicentre for nickel discovery and production in Tanzania Success through
Slide 4: Board & Capital Structure
Board & Capital Structure ADD $15.3m* ~3.0cps ~$2.3m* Grant Pierce ASX Code Market Cap Share Price Cash & Liquids Non-Executive Chairman Mining engineer with ED, NED, GM experience Strong and long-standing affinity with Tanzania David Riekie 510m 17m 130m* ~6% Executive Director Corporate experience
Slide 5: Sulphide Nickel & Market Dynamics
Sulphide Nickel & Market Dynamics
Slide 6: Nickel Sulphide Deposits – Rare and In Demand
Nickel Sulphide Deposits – Rare and In Demand Pechenga Noril’sk-Talnakh Raglan Thompson Voisey’s Bay NICKEL PORTFOLIO Eagle Jinchuan Electrification is driving nickel sulphide demand and prices Kabanga ▪ Significant M&A activity in the sector to secure deposits and prospective land Selebi-Pikwe ▪ Re
Slide 7: Nickel - Global Demand
Nickel - Global Demand NICKEL PORTFOLIO
Slide 8: Nickel - Inventory and Current Production
Nickel - Inventory and Current Production NICKEL PORTFOLIO
Slide 9: Corporate Activity – Positive and Fertile Corporate Landscape
Corporate Activity – Positive and Fertile Corporate Landscape NICKEL PORTFOLIO 9
Slide 10: Tanzania - Country Dynamics + Recent Nickel Focussed Actions
Tanzania - Country Dynamics + Recent Nickel Focussed Actions Tanzania as a destination ▪ Numerous projects for various minerals are progressing or in the pipeline for government consideration and approval ▪ Dedicated negotiation teams to progress projects ▪ Clear government ownership interest (16%)
Slide 11: Nickel Portfolio, Tanzania
Nickel Portfolio, Tanzania A dedicated methodology and exploration program to uncover a large-scale Ni sulphide discovery in East African Nickel Belt
Slide 12: Kabanga Jirani and Luhuma – Dominant Position in East African Nickel Belt
Kabanga Jirani and Luhuma – Dominant Position in East African Nickel Belt Dominant nickel licence portfolio within the East African Nickel Belt of Tanzania covers 1,267 sq kms Portfolio Overview • 100% owned Licences + Luhuma Farm – In ground (initially to 80%, trigger to 100%) • Located along the K
Slide 13: Methodical Approach to Maximize Probability of Drilling Success
Methodical Approach to Maximize Probability of Drilling Success *Objective: Discovery / Campaign focused resource drilling Heli Electro Nickel Early term CY2023 Magnetic Exploration drilling Luhuma survey Licenses Granted (RC/DD) Nickel Project (~200sq kms) *OBJECTIVE NICKEL PORTFOLIO Tanzania Tanza
Slide 14: Overview of CY 2022/23 Nickel Exploration Program
Overview of CY 2022/23 Nickel Exploration Program Ground Based/Field Survey(s) - Field checking, logistics/Soil sampling (orientation); - Initial gravity and preliminary drilling Regional Scale Gravity Survey - 1,000 sq kms- 32 anomalies identified Prospect Ranking for EM survey NICKEL PORTFOLIO - H
Slide 15: Pathfinder Gravity Signatures – Modelled on Neighbouring Resource
Pathfinder Gravity Signatures – Modelled on Neighbouring Resource* Priority gravity ranking for anomalies + 0.75mGal Bouguer Modelling & Outcomes • Modeling has been undertaken by ADD based on the underlying deposits and Resources at Kabanga* to generate a range of corresponding (mGal) gravity signa
Slide 16: Gravity + Heli Electromagnetic Surveys – Co-incident
Gravity + Heli Electromagnetic Surveys – Co-incident Gravity initiated foundations for exploration success* • ~1,000 sq km gravity readings with 32 newly discovered and unexplored gravity targets • Confirmed prospectivity and large-scale nickel exploration potential ~55 km strike length became the f
Slide 17: Drilling Campaign – Commenced in October 2022
Drilling Campaign – Commenced in October 2022 • High impact 6,000m to 8,000m “Priority Target Testing” drilling program now underway and accelerating • Multi-purpose RC/DD drill rig(s) in operation RC pre-collar drilling ~100m; diamond drilling depths up to 500m • Ongoing assessment and adjustment t
Slide 18: Sulphide Nickel – Drill Target Areas - HEM2
Sulphide Nickel – Drill Target Areas - HEM2* NICKEL PORTFOLIO Interpreted extent of the intrusion based on a 3D Voxel generated image prepared from NRG 1D inversions, overlayed with 3 DD drill hole traces. RCDDKNE004 will be drilled first followed by RCDDKNE005 (scissor hole) and dependent on result
Slide 19: Drilling Campaign – Priority Locations and Focus
Drilling Campaign – Priority Locations and Focus* NICKEL PORTFOLIO Plan view of HEM survey areas 4 showing Plan view of HEM survey areas 7 showing Plan view of HEM survey areas 8 & 9 showing background channel 20 data, overlain with colour background channel 20 data, overlain with colour background
Slide 20: Tanzanian Social and Community Focussed Initiatives
Tanzanian Social and Community Focussed Initiatives Regional contract and employment opportunities ▪ Local geological field assistants and contractors ▪ Drilling ▪ DHEM surveys ▪ Ground based surveys (soil and gravity surveys) ▪ Logistics NICKEL PORTFOLIO Local Community and Health focused initiativ
Slide 21: Uranium Project, South Australia
Uranium Project, South Australia Early and ongoing exploration success and Drilling to commence in Jan 2023 in Australia’s most prospective region for uranium
Slide 22: Lake Surprise South Australia
Lake Surprise South Australia • Located in South Australia - 550km north of Adelaide and 75kms east of Marree • Proven uranium province hosting multiple mines and deposits - ~90kms from Beverly Four Mile Uranium mine • 100% owned tenure comprising 4 granted EL’s (~1,080sqkms) on the northern flank o
Slide 23: Approvals received for Drilling
Approvals received for Drilling* • 4,500m Air Core uranium drilling program (~ 150 holes av 30m target depth) scheduled to commence Jan 2023 • Uranium exploration Work Area Clearance (WAC) and Notice of Entry (NOE), Department of Energy and Mines (DEM) environmental approvals received • Exploration
Slide 24: Investment Thesis
Investment Thesis Tanzanian Government Alignment of opportunity and knowledge with Ni Exposure to both Nickel and Uranium: is open to investment, mining and exploration activities focused on Electrification and NICKEL PORTFOLIO discovery with a highly Decarbonisation BHP have also re-emerged in via
Slide 25: David Riekie, Executive Director
Ni U David Riekie www.adavaleresources.com Executive Director investor@adavaleresources.com david@adavaleresources.com Adavale Resources Limited @AdavaleL
Slide 26: Nickel – The Current Supply Dynamic
Nickel – The Current Supply Dynamic NICKEL PORTFOLIO
Slide 27: Nickel – The Supply Challenge
Nickel – The Supply Challenge NICKEL PORTFOLIO