Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (May 2021)
19 slides from Adavale Resources's investor presentation, May 17, 2021
Slide 1: Positioned for a Nickel Sulphide Discovery, Drilling in June 2021
POSITIONED FOR A NICKEL SULPHIDE DISCOVERY DRILLING IN JUNE 2021 CORPORATE PRESENTATION 17 MAY 2021 ALLAN RITCHIE - CEO ASX: ADD WWW.ADAVALERESOURCES.COM
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: Right Time, Right Metal, Right Place, Right Team
RIGHT TIME, RIGHT METAL, RIGHT PLACE, RIGHT TEAM 900 $30,000 Drilling on schedule for June 2021 Outlook for nickel prices strong as demand is 800 predicted to increase Nickel Price and Inventories Inventories (thousand tonnes) 700 Exposure to the global transition to electric vehicles Nickel Price (
Slide 4: Corporate
CORPORATE 41% 6% BOARD AND MANAGEMENT 6% Grant Pierce Allan Ritchie Chairman Chief Executive Officer ASX Code ADD Rod Chittenden Geoff Brayshaw Non-Executive Director Chief Financial Officer Shares on Issue 286,813,995 Julian Rockett Institutions Steven Georgiadis 47% In-house Counsel and Non-Execut
Slide 5: Decades of Tanzanian Mine Builders + Best of Breed Consultants
3 DECADES OF TANZANIAN MINE BUILDERS + BEST OF BREED CONSULTANTS Grant Pierce – Chairman - Mining engineer with 30yrs experience in Australia and Africa. - Member of the team that built Tanzania’s first modern gold mine, (ASX:RSG) Golden Pride Project and was Operations Manager of the mine for its f
Slide 6: Nickel Explorer with Torque
NICKEL EXPLORER WITH TORQUE Market Capitalisation of ASX-Listed Nickel Sulphide ▼ ADD looks to replicate similar successes Exploration and Development Companies $2,621 at the Kabanga Jirani Project with a $500 high-grade nickel sulphide discovery from its own portfolio of licences $400 Market Capita
Slide 7: Leveraging Off Giants
LEVERAGING OFF GIANTS ▼ Located proximal to the world class Kabanga Nickel Deposit (58Mt @ 2.62% Ni) • Kabanga Nickel Agreement with the Tanzania Government to develop project which will provide an estimated US$664 million of expected infrastructure • Adavale has secured a number of tenements, next
Slide 8: Electrification and Nickel
ELECTRIFICATION AND NICKEL ▼ Nickel in battery demand surging from a low base, to become highly significant and disruptive from mid-2020s ▼ Current nickel market size is 2,300 kt Ni Source: Bloomberg 8
Slide 9: Kibanga Jirani Project Nickel Licences
KIBANGA JIRANI PROJECT NICKEL LICENCES ▼ Prospecting Licences targeted using acquired BHP Data ▼ Focus on the NNE-trending Mesoproterozoic-age, meta-sedimentary, Karagwe-Ankole Orogenic Belt of North-West Tanzania ▼ All Licences and Applications cover 1,145 km2 are within the highly prospective Kaba
Slide 10: Right Exploration Methodology
RIGHT EXPLORATION METHODOLOGY ▼ Initial Exploration Focus is Adavale’s 4 licences closest to the Kabanga Nickel Deposit ▼ Exploration Techniques Applicable: § Ultramafics reflect as magnetic lows per BHP magnetic data, and detected from soil data by using Cr, V, Fe, Ni and Cu (mafic indices) § Soil
Slide 11: Kabanga N EM Conductors Broadly Coincident with Nickel Anomalies
KABANGA N EM CONDUCTORS BROADLY COINCIDENT WITH NICKEL ANOMALIES Ni Anomalies Airborne EM exceeding the 90th Conductors Percentile 11
Slide 12: Kabanga N - Ni & Cu Anomalies Coincident
KABANGA N - Ni & Cu ANOMALIES COINCIDENT 12
Slide 13: AMT Conductors Coincident with Targets
AMT CONDUCTORS COINCIDENT WITH TARGETS Darker red portion of AMT models denotes low ohm.m = high conductivity shell 13
Slide 14: Kabanga NE - Coincident Ni & Cu Anomalies
KABANGA NE - COINCIDENT Ni & Cu ANOMALIES Cu Ni Disseminated sulphides hosted in ultramafic 14
Slide 15: Geology Concluding Remarks
GEOLOGY CONCLUDING REMARKS ▼ Located adjacent to, and along strike, from the Kabanga Nickel Deposit within the prospective Karagwe Ankolean Belt along the lineament of ultramafics intrusions ▼ Geochemical surveys have identified 4 coincident Ni & Cu anomalies at Kabanga N and 2 broad anomalies withi
Slide 16: Exploration Programs
EXPLORATION PROGRAMS Conduct analyses Identify Geological mapping, and laboratory Design and Review of soil and outcrop Conduct soil Prospective checks as part of implement previous sampling, followed sampling and detailed infill soil Ground and QA/QC exploration by trenching and XRF analyses Acquir
Slide 17: 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 a number of changes being fl
Slide 18: Investment Highlights
INVESTMENT HIGHLIGHTS ▼ Right Metal ▼ Right Time as we begin initial drilling program in June 2021 ▼ Highly prospective location for very high-grade nickel sulphide deposits, based on § Geological setting § Historical exploration data § Proximity of the world richest undeveloped nickel sulphide depo
Slide 19: Adavale Resources Limited contact details
Level 7, 6 Underwood Street www.adavaleresources.com Sydney NSW 2000 investor@adavaleresources.com +61 2 8003 6733 Adavale Resources Limited @AdavaleL 19