Adavale Resources Limited · ASX:ADD
Adavale Resources — Paydirt Nickel Conference 2022
20 slides from Adavale Resources's conference presentation, Oct 6, 2022
Slide 1: Drilling Underway to Uncover a Tier-1 Nickel Sulphide Discovery
For personal use only Drilling Underway to Uncover a Tier-1 Nickel Sulphide Discovery in the East African Nickel Belt Paydirt Nickel Conference 5 & 6 October 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 For personal use only Ni Exposure to critical minerals - Nickel and Uranium - Electrification and Decarbonisation A dominant Nickel exploration portfolio in the East African Nickel Belt (“EANB”) - Poised to become an epicentre for nickel discovery and production in Tanzania
Slide 4: Board & Capital Structure
Board & Capital Structure ADD $15.7m* ~3.1cps ~$3.6m* Grant Pierce ASX Code Market Cap Share Price Cash & Liquids For personal use only Non-Executive Chairman Mining engineer with ED, NED, GM experience Strong and long-standing affinity with Tanzania David Riekie ~5% 17m 81.4m* Nil Executive Directo
Slide 5: Nickel Sulphide Deposits – Rare and In Demand
Nickel Sulphide Deposits – Rare and In Demand For personal use only 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
Slide 6: Nickel, Tesla, BHP & Country Dynamics – All Lining Up
Nickel, Tesla, BHP & Country Dynamics – All Lining Up For personal use only NICKEL PORTFOLIO 6
Slide 7: Tanzania - Country Dynamics And Recent Nickel Focussed Actions
Tanzania - Country Dynamics And Recent Nickel Focussed Actions Tanzania as a destination For personal use only Numerous projects for various minerals are progressing or in the pipeline for government consideration and approval Dedicated negotiation teams to progress projects Clear government o
Slide 8: 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 For personal use only Nickel Belt of Tanzania Dedicated methodology and considered exploration program has generated numerous priority Ni target areas Adavale is poised
Slide 9: Methodical Approach to Maximize Probability of Drilling Success
Methodical Approach to Maximize Probability of Drilling Success *Objective: Discovery / Campaign focused resource drilling For personal use only Heli Electro Nickel Early term CY2023 Magnetic Exploration drilling Luhuma survey Licenses Granted (RC/DD) Nickel Project (~200sq kms) *OBJECTIVE NICKEL PO
Slide 10: Overview of CY 2022/23 Nickel Exploration Program
Overview of CY 2022/23 Nickel Exploration Program Ground Based/Field Survey(s) For personal use only - 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 surve
Slide 11: Exploration Methodology – Gravity a Key Exploration Insight
Exploration Methodology – Gravity a Key Exploration Insight Target 7 Results in Nov 2021 signaled validation of revised exploration methodologies* For personal use only Outcomes achieved have enabled the ongoing refinement and reprioritisation of target selection criteria Gravity data – target defin
Slide 12: Pathfinder Gravity Signatures – Modelled on Neighbouring Resource
Pathfinder Gravity Signatures – Modelled on Neighbouring Resource* Priority gravity ranking for anomalies + 0.75mGal Bouguer For personal use only Modelling & Outcomes • Modeling has been undertaken by ADD based on the underlying deposits and Resources at Kabanga* to generate a range of correspondin
Slide 13: Gravity Surveys Identified New Nickel Targets
Gravity Surveys Identified 32 New Nickel Targets Gravity providing a foundation for exploration success* For personal use only • 24,000 gravity readings over ~1,000 sq km generated a total of 32 newly discovered and unexplored gravity targets • The number and order of magnitude of the gravity target
Slide 14: Heli Electro Magnetic Surveys – HEM Target Areas
Heli Electro Magnetic Surveys – 9 HEM Target Areas • Multiple priority gravity targets identified for the initial Heli-borne For personal use only Electro Magnetic (HEM) survey • 9 HEM target areas were flown using deep penetrating (~500m) high powered time domain EM (TDEM) and magnetic survey equip
Slide 15: Prioritisation of HEM/Gravity Target Areas for Drilling
Prioritisation of HEM/Gravity Target Areas for Drilling • Initial processing of HEM and gravity data has been distilled down from 32 gravity targets to 20 gravity and EM target priority areas over all For personal use only Adavale southern Licence holdings and farm-in areas • Target areas selection
Slide 16: Drilling: Now Underway!
Drilling: Now Underway!* • Multi-purpose RC/DD drill rig mobilised to site For personal use only • High impact 6,000m to 8,000m “Priority Target Testing” drilling program now underway • Drill target area selection has been based on coincident Heli-borne Electro Magnetic (HEM) and gravity anomalies •
Slide 17: Luhuma Nickel Corridor – The "Enigma"
Luhuma Nickel Corridor – The “Enigma” For personal use only The “Enigma” target has the scale and scope to generate multiple new targets* NICKEL PORTFOLIO Hosts four distinct Cu anomalies that overly the regional gravity high More work is still needed to unlock the “Enigma” …..but that’s exploration
Slide 18: Tanzanian Social and Community Focussed Initiatives
Tanzanian Social and Community Focussed Initiatives Regional contract and employment opportunities For personal use only Local geological field assistants and contractors Drilling DHEM surveys Ground based surveys (soil and gravity surveys) Logistics NICKEL PORTFOLIO Local Community and He
Slide 19: Investment Thesis
Investment Thesis For personal use only 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 a
Slide 20: For personal use only
Ni For personal use only U David Riekie www.adavaleresources.com Executive Director investor@adavaleresources.com david@adavaleresources.com Adavale Resources Limited @AdavaleL