Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (February 2022)
16 slides from Adavale Resources's investor presentation, Feb 28, 2022
Slide 1: Market and Exploration Update
Ni U Market and Exploration Update 28 February 2022
Slide 2: Important Notice & Disclaimer
2 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 b
Slide 3: Board and Capital Structure
3 BOARD AND CAPITAL STRUCTURE Grant Pierce ASX Code ADD Share Price 3.6 cents Non-Executive Chairman Shares on Issue (FPO’s) 355m Market Capitalisation ~$12.8m Mining engineer with ED, NED, GM experience Options1 26.5m Cash (AUD) 31 Dec 21 ~$2m Strong and long-standing affinity with Tanzania Perform
Slide 4: Kabanga Jirani & Luhuma - Tanzania Nickel Portfolio
4 NICKEL PORTFOLIO KABANGA JIRANI & LUHUMA - TANZANIA An enviable nickel licence portfolio. By applying a dedicated methodology and considered exploration program ensures the Company has the best chance of uncovering a large- scale Ni sulphide discovery. Portfolio Overview • 100% owned Licences (exc
Slide 5: Nickel Exploration Activities and Outcomes - CY 2021
5 NICKEL EXPLORATION ACTIVITIES AND OUTCOMES – CY 2021 DD RC DD/RC Soils Gravity Key Prospecting Licence holes holes holes samples (stations) Targets Kabanga North 1 2,227 120 T1 Kabanga West 4 5 5,726 869 Kabanga East 2 2,465 657 T21 Kabanga NE 1 4 1 7,418 727 T7, T16 Total 8 9 1 17,836 2,373 A Fou
Slide 6: Target 7 - Mafic-Ultramafic Discovery
6 TARGET 7- MAFIC- ULTRAMAFIC DISCOVERY* Immediate success bringing Gravity into the mix • Previously unknown mafic-ultramafic intrusion associated with strong gravity anomaly confirmed by RC/DD drill hole RCDDKNE13-07-02 at Target 7 on Adavale’s Kabanga NE Licence* • ~248m Fine grain disseminated s
Slide 7: Current Exploration - Rationale and Pathfinder Tasks
7 CURRENT EXPLORATION - RATIONALE AND PATHFINDER TASKS Base of weathering Techniques/Rationale Focused on the identification of both the location and orientation of mafic-ultramafic • In the right setting, “blue layered intrusions chip” address – sulphide rich intercepts; significant Mafic-ultramafi
Slide 8: 2022 Nickel Exploration Program - Overview
8 2022 NICKEL EXPLORATION PROGRAM - OVERVIEW Q1 Q2 Q3 Q4 S Downhole EM survey Ground based survey(s) S Campaign Drilling S Campaign Drilling S Target 7, 16, 21 Targeted (RC/Diamond) of Targeted (RC/Diamond) of Gravity survey (3 field teams) priority prospects priority prospects Electromagnetic (EM)
Slide 9: Nickel, Tesla, BHP and Country Dynamics - All Lining Up
9 NICKEL, TESLA, BHP AND COUNTRY DYNAMICS – ALL LINING UP
Slide 10: Nickel Sulphide Deposits - Rare and in Demand
10 NICKEL SULPHIDE DEPOSITS – RARE AND IN DEMAND Pechenga Noril’sk-Talnakh Raglan Thompson Voisey’s Bay Electrification is driving nickel Eagle Jinchuan sulphide demand and prices • Significant M&A activity in the sector to secure deposits and prospective land • Recent acquisition of Noront Kabanga
Slide 11: Nickel Trends - Price, Demand (LIB), Primary Balance
11 NICKEL TRENDS – PRICE, DEMAND (LIB) , PRIMARY BALANCE Source: LME 3 Month contract price Nickel $USD – last 2 years Source: Benchmark Mineral Intelligence Source: S&P Global Market Intelligence; London Metal Exchange Data as of Jan. 25, 2022
Slide 12: Country Dynamics and Recent Nickel Focussed Actions
12 COUNTRY DYNAMICS AND RECENT NICKEL FOCUSSED ACTIONS Tanzania as a destination is at an important inflection point • Numerous projects for various minerals are progressing or in the pipeline for government consideration and approval • Dedicated negotiation teams to progress projects • Clear govern
Slide 13: Lake Surprise - South Australia Uranium Project
13 URANIUM PROJECT LAKE SURPRISE - SOUTH AUSTRALIA • The 100% owned Project in South Australia, situated 550kms north of Adelaide, 75 kms east of Marree • Ground holding comprises 3 granted EL’s (~400sqkms); 1 pending Application (700sqkms) on the northern flank of the Flinders Ranges (considered hi
Slide 14: Field Program Success
14 URANIUM PROJECT FIELD PROGRAM SUCCESS* • 400km gamma survey completed Nov 20211 • Gamma anomalies interpreted to be hosted in the silicified sediments of a palaeochannel system that discharged from the northern Flinders Ranges • Assay summary from rock chip samples2 : • Highest uranium content of
Slide 15: Investment Thesis
15 INVESTMENT THESIS Alignment of opportunity and knowledge with activities focused on Ni Exposure to both Tanzanian Government is open to investment, Nickel and Uranium: discovery with a highly mining and exploration Electrification and prospective ground holding Decarbonisation BHP have re-emerged
Slide 16: Ni U
Ni U www.adavaleresources.com investor@adavaleresources.com Adavale Resources Limited @AdavaleL
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