Adavale Resources Limited · ASX:ADD
Adavale Resources — Shareholder Meeting (December 2021)
19 slides from Adavale Resources's shareholder meeting presentation, Dec 17, 2021
Slide 1: AGM Presentation
For personal use only AGM PRESENTATION 17 December 2021 ASX: ADD ALLAN RITCHIE CHIEF EXECUTIVE OFFICER WWW.ADAVALERESOURCES.COM
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER For personal use only 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 an
Slide 3: Right Time, Commodity, Location, Strategy & Team
RIGHT TIME, COMMODITY, LOCATION, STRATEGY & TEAM 8 hole (~3,000m) Diamond Drill (DD) test program completed For personal use only 10+ hole (~1,800m) RC Drill Test program underway, discovery of 700 $22,500 potential mineralised system Nickel Price and Inventories 600 $20,000 Positioned to capitalise
Slide 4: Attracting the Right Professionals
ATTRACTING THE RIGHT PROFESSIONALS Grant Pierce – Chairman For personal use only - Mining engineer with 30yrs experience in Australia and Africa. - Strong and ongoing association with Tanzania Dave Dodd – Competent Person, Consultant Geologist - 22+ years experience primarily Ni sulphide exploration
Slide 5: Corporate
CORPORATE 41% 6% BOARD AND KMP 6% Grant Pierce Chairman ASX Code ADD David Riekie Non-Executive Director For personal use only John Hicks Non-Executive Director Shares on Issue (FPO’s) 351m Allan Ritchie Chief Executive Officer Institutions 47% Management Options (@ $0.06, Exp Dec 2022 17.5m Leonard
Slide 6: Adavale's Kabanga Jirani Nickel Project & Luhuma Farm-In Tenure
ADAVALE’S KABANGA JIRANI NICKEL PROJECT & LUHUMA FARM-IN TENURE ▼ Prospecting Licences were specifically targeted based on the rich For personal use only details contained in the acquired BHP Data ▼ Focus has been on the NNE-trending Karagwe-Ankole Orogenic Belt of North-West Tanzania known for Ni,
Slide 7: The Right Geological Setting & Exploration Methodology
THE RIGHT GEOLOGICAL SETTING & EXPLORATION METHODOLOGY For personal use only ▼ Right geological setting: within the Karagwe Ankolean belt which hosts the 58Mt @ 2.62% Ni Kabanga Nickel deposit • Hosted in ultramafic intrusions/elevated Ni and Cu values in soils • Mineralised massive sulphides are co
Slide 8: Comprehensive Initial Exploration Program
COMPREHENSIVE INITIAL EXPLORATION PROGRAM For personal use only HISTORICAL DATA ADD WORKS DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ACQUIRED BY ADD Regional Geochem (1,000m lines/500m station) Infill Geochem UNDP DATA FROM 1970 (400m lines/50m station) Geological mapping NSAMT ~75km (ident
Slide 9: Luhuma Farm-In Transaction Overview
LUHUMA FARM-IN TRANSACTION OVERVIEW* For personal use only ▼ Two New Prospecting Licences (PL’s) ~99 sq kms contiguous to ADD Kabanga Licence ▼ Expanded tenement holding ~1,244 sq kms, located in and around LUH06 the major undeveloped Kabanga Nickel Project ▼ Deal outline* • Stage 1: Earn-in and exc
Slide 10: Luhuma - Underlying Potential and Next Steps
LUHUMA* - UNDERLYING POTENTIAL AND NEXT STEPS For personal use only ▼Luhuma Layered Mafic-Ultramafic Intrusion (LMIU) identified by BHP historical drilling on airborne magnetics and EM anomalies with massive sulphide intersection achieved in drill hole (LUH- 06)* ▼LUH06, which returned a massive sul
Slide 11: Significant Mafic-Ultramafic Discovery - Target Kabanga NE
SIGNIFICANT MAFIC- ULTRAMAFIC DISCOVERY* – TARGET 7 KABANGA NE For personal use only ▼ Previously unknown mafic-ultramafic intrusion identified by RC/DD drill hole RCDDKNE13-07-02 at Target 7 on Adavale’s Kabanga NE Licence* ▼ ~248m Fine grain disseminated sulphides intersected throughout most of th
Slide 12: Target Discovery: The Bigger Picture Context
TARGET 7 DISCOVERY* THE BIGGER PICTURE CONTEXT ▼ RCDDKNE13-07-02 at Target 7 proximal to Farm-in licence package and For personal use only mineralized Luhuma layered mafic-ultramafic intrusion ▼ Scope for significant strike extension (up to 10km) to the mineralised Luhuma intrusion recognised ▼ Mafi
Slide 13: Key Exploration Outcomes
KEY EXPLORATION OUTCOMES For personal use only ▼ Strategic Luhuma Licence Farm-in (prospective/adjacent) to significant existing Licence package ▼ Target 7 Discovery – pathfinder intercept (confirmation of the use of gravity survey techniques). Broad intercept of disseminated sulphides along strike
Slide 14: Tanzania's Increasing Favourability
TANZANIA’S INCREASING FAVOURABILITY In a bid to improve the climate for investment with a view to attracting investors, the recently appointed Tanzanian President, H.E. Hassan is preparing the national investment development strategy and a new investment law with already For personal use only a numb
Slide 15: Lake Surprise Uranium Project South Australia
LAKE SURPRISE URANIUM PROJECT SOUTH AUSTRALIA ▼ The 100% owned Project in South Australia, situated 550kms For personal use only north of Adelaide ▼ Ground holding comprises 3 granted EL’s (~400sqkms); 1 pending Application on the northern flank of the Flinders Ranges (considered highly uraniferous)
Slide 16: Uranium - Field Program Success
URANIUM - FIELD PROGRAM SUCCESS* ▼400km of the planned 1,100 line-km, gamma survey completed For personal use only ▼Survey targeted the strongest gamma signals (from surface) to define the extent of the anomalies and rock chip sampling ▼Minimum values more than 5 times background radiation levels at
Slide 17: Uranium - Planned Field Program
URANIUM - PLANNED FIELD PROGRAM For personal use only Future work program ▼ Assay results to be used to refine future works on the Lake Surprise tenement package ▼ Planned exploration aims to include: ▪ Sampling across the palaeochannel to define zones where high uranium content expected ▪ Continuat
Slide 18: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only ▼ Right commodity ▼ Right time initial drilling program underway ▼ Highly prospective location for very high-grade nickel sulphide deposits, given ▪ Geological setting ▪ Historical exploration data ▪ Proximity of the world richest undeveloped nickel sulphi
Slide 19: For personal use only
For personal use only Level 7, 6 Underwood Street www.adavaleresources.com Sydney NSW 2000 investor@adavaleresources.com +61 2 8003 6733 Adavale Resources Limited @AdavaleL 19
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