Adavale Resources Limited · ASX:ADD
Adavale Resources — Gold Coast Investment Showcase (June 2023)
22 slides from Adavale Resources's conference presentation, Jun 21, 2023
Slide 1: Stalking Elephants
Stalking Elephants Nickel Sulphide Exploration in the East African Nickel Belt JUNE 2023 ASX:ADD
Slide 2: Important Notice & Disclaimer
Important Notice & 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 be
Slide 3: Important Notice & Disclaimer – Competent Person Statement
Important Notice & Disclaimer Competent Person Statement The information in this release that relates to “exploration results” for the Nickel Project is based on information compiled or reviewed by Mr David Dodd of MSA, South Africa. Mr Dodd is a consultant for Adavale Resources Limited and is a mem
Slide 4: Investment Highlights
Investment Highlights U Ni Exposure to A dominant nickel Nickel drilling Experienced critical minerals exploration portfolio campaign management team – surrounding an underway with with deep African Nickel and ‘elephant’ significant upside experience and Uranium nickel discoveries 4 4
Slide 5: Corporate Overview
Corporate Overview ADD 520m 2.8c ADD Share Price - YTD ASX Code Shares Share Price (19 June) $0.04 90.0 $0.04 80.0 70.0 $0.03 $14.6m $2.0m ~6% Share Price (A$/share) 60.0 $0.03 Volume (m) Proforma Cash Board and 50.0 Market Cap (as at 31 March) Management Ownership $0.02 40.0 $0.02 30.0 $0.01 190.6m
Slide 6: Experienced Team
Experienced Team Grant Pierce David Riekie John Hicks Non-Executive Chairman Executive Director Non-Executive Director Mining engineer with ED, NED, GM Corporate experience, ASX roles Accomplished Nickel Sulphide experience. Strong and long- (NED, MD, ED, CEO) including Nickel, Geologist/ Explorer,
Slide 7: Tanzania – An Attractive Mining Destination
Tanzania – An Attractive Mining Destination ▪ Mining is a crucial sector for Tanzania, generating more than US$2.5 billion annually and accounting for over 50% of the country’s exports by value ▪ President Samia Suluhu Hassan, has pledged a “commitment to the development of the mining sector”, with
Slide 8: Tanzania – An Attractive Mining Destination
Tanzania – An Attractive Mining Destination ▪ Mining is a crucial sector for Tanzania, generating more than US$2.5 billion annually and accounting for over 50% of the country’s exports by value ▪ President Samia Suluhu Hassan, has pledged a “commitment to the development of the mining sector”, with
Slide 9: Tanzanian Social and Community Focused Initiatives
Tanzanian Social and Community Focused Initiatives Local community and health focused initiatives Vaka Health Foundation (sponsorship) • Providing professional development train for 60 nurses at Ngara District Hospital • AAMEG 2022 award winner: Best Workforce & Industry Development Initiative Bridg
Slide 10: Tanzanian Social and Community Focused Initiatives
Tanzanian Social and Community Focused Initiatives Commitment to local contract & employment opportunities Local geological field assistants and contractors • Drilling • DHEM Surveys • Ground Based Surveys (Soil and Gravity Surveys) • Logistics 10
Slide 11: Methodical, Targeted Approach to Exploration
Methodical, Targeted Approach to Exploration Ground Based/Field Survey(s) - Field checking, logistics/Soil sampling (orientation); - Initial gravity and preliminary drilling Regional Scale Gravity Survey - 1,000 sq km- 32 anomalies identified Heli Airborne EM (HEM) Survey - 9 HEM areas outlined Pros
Slide 12: Kabanga Jirani + Luhuma
Kabanga Jirani + Luhuma Dominance in East African Nickel Belt Dominant nickel licence portfolio within the East African Nickel Belt of Tanzania covers 1,315 sq km Portfolio Overview 100% owned Licences + Luhuma Farm – In ground Kabanga (initial 65%, moving to 80%, trigger to 100%) North Kabanga Nort
Slide 13: Luhuma Trend
Luhuma Trend Anomalous prospects over 10km strike LUHUMA CENTRAL Awarded in May 2023 High priority targets, refined using AMT Nickel sulphides intercepted in first two drillholes HEM 2 Initially drilled in 2022 Sulphides and right geology intersected Drilling targeting basal ultramafics underway Luh
Slide 14: Luhuma Central
Luhuma Central Historical nickel intercept leading the way New 100% owned tenement has identified nickel sulphides • Tenement awarded to Luhuma Central in May 2023 sits within the Luhuma JV ground • Previous drilling by BHP intersected 8.4m @ 1.14% Ni in LUH-06 • Along strike from coincident gravity
Slide 15: Luhuma Central
Luhuma Central Nickel sulphides intersected in first Adavale drillholes DDLUHC-001 LUH006 pXRF readings indicate a nickel grade of somewhere between 1.2% and 2.3% Ni for the 4.15m intersection with a calculated average of 1.5% Ni. Visual estimates of mineral abundance should never be considered a pr
Slide 16: Luhuma Central
Luhuma Central Nickel sulphides intersected in first Adavale drillholes DDLUHC-002 LUH006 pXRF readings indicate a calculated average nickel grade of 2.0% Ni. Zone of blebby and heavily disseminated sulphides with occasional semi-massive veinlets intersected Visual estimates of mineral abundance sho
Slide 17: Luhuma Central
Luhuma Central Nickel sulphides intersected in first Adavale drillholes LUH006 17 Adavale’s Kabanga Jirani and Luhuma farm-in Licences
Slide 18: Luhuma Central
Luhuma Central Nickel sulphides intersected in first Adavale drillholes • Historical drillholes outlined ultramafic and massive sulphide intercepts. • Interpreted prospective AMT anomaly extends over 1-1.5km • Future drilling to test extensions along strike as well as down dip LEGEND Planned/In prog
Slide 19: HEM and HEM 2NE
HEM 2 and HEM 2NE Drilling in 2022 intersected the right geology HEM 2NE 7.4m Massive Sulphides @ 481m 24m Disseminated Sulphides HEM 2 @ 339m HEM 2E Mag Anomaly Gravity Anomaly Soils Anomaly 19 Adavale’s Kabanga Jirani and Luhuma farm-in Licences
Slide 20: Next Steps
Next Steps Busy for the remainder of 2023 • Expand diamond drilling at Luhuma Central Luhuma • Diamond drilling at HEM 2 & HEM2 NE Trend • RC drilling at HEM 2E & HEM 4 HEM 2E • Downhole EM on all diamond holes • AMT at select targets • Assays from July onwards Kabanga South East 20 Adavale’s Kabang
Slide 21: Investment Highlights
Investment Highlights U Electrification & Decarbonisation Ni Exposure to both Nickel & Uranium Nearology Proximal to high-grade nickel sulphide resources in the East African Nickel Belt Nickel Results High impact drilling campaign restarted ~5,000m Uranium Bonus Large project area with identified ur
Slide 22: Contacts
Contacts David Riekie Executive Director david@adavaleresources.com For media and broker enquiries Andrew Rowell White Noise Communications andrew@whitenoisecomms.com investor@adavaleresources.com M: 0400 466 226 www.adavaleresources.com investor@adavaleresources.com Adavale Resources Limited @Adava
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