Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (March 2023)
23 slides from Adavale Resources's investor presentation, Mar 13, 2023
Slide 1: Investor Presentation
Investor Presentation March 2023 ASX:ADD 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 ADDcurrent at the date of this presentation. The presentation is in summary form, has not been independently verified and does not purport be a
Slide 3: Investment Highlights
Investment Highlights U Ni ADAVALE RESOURCES PRESENTATION ASX:ADD Exposure to A dominant nickel Uranium and Experienced www.adavaleresources.com critical minerals – exploration portfolio nickel drilling management team Nickel and surrounding an campaigns with deep African Uranium ‘elephant’ underway
Slide 4: Corporate Overview
Corporate Overview ADD 519m 1.7cents ~$1.2m ASX Code Shares Share Price Cash & Liquids (as at 31 Dec) $8.8m 112m 17m ~6% Market Cap Options Performance Board and 98.3m @ $0.03, exp 9/23 Rights Management Ownership 5m @ $0.03, exp 8/25 9m @ $0.15, exp 1/25 ADAVALE RESOURCES PRESENTATION ASX:ADD $0.06
Slide 5: Experienced Team
Experienced Team Grant Pierce David Riekie John Hicks Non-Executive Chairman Executive Director Non-Executive Director Mining engineer with ED, NED, Corporate experience, ASX roles Accomplished Nickel Sulphide GM experience. Strong and long- (NED, MD, ED, CEO) including Geologist/ Explorer, 15yrs of
Slide 6: Exposure to Electrification & Decarbonisation
Exposure to Electrification & Decarbonisation Nickel Uranium H ADAVALE RESOURCES PRESENTATION ASX:ADD Nickel-based batteries Nickel is used in the Uranium is the fuel Used in high-temperature in electric vehicles production of stainless source for nuclear power electrolysis to produce www.adavaleres
Slide 7: Nickel - Global Demand
Nickel - Global Demand NICKEL Use in batteries will double Stainless global nickel demand by 2040 Battery Precursors Foundry 2021 7% NF Alloys Alloy Steel Plating 69% Other ADAVALE RESOURCES PRESENTATION ASX:ADD www.adavaleresources.com 2040 41% 45% 7 Source: Wood Mackenzie
Slide 8: Tanzania – An Attractive Mining Destination
Tanzania – An Attractive Mining Destination NICKEL ▪ Mining is a crucial sector for Tanzania, generating more than US$2.5 ▪ Renewal of public sector management with focus on project delivery billion annually and accounting for over 50% of the country’s exports ▪ Framework Agreements with consistent
Slide 9: Tanzanian Social and Community Focused Initiatives
Tanzanian Social and Community Focused Initiatives NICKEL Commitment to local contract & employment opportunities Local geological field assistants and contractors • Drilling • DHEM Surveys • Ground Based Surveys (Soil and Gravity Surveys) • Logistics ADAVALE RESOURCES PRESENTATION ASX:ADD Local com
Slide 10: Kabanga Jirani + Luhuma – Dominance in East African Nickel Belt
Kabanga Jirani + Luhuma – Dominance in East African Nickel Belt NICKEL Dominant nickel licence portfolio within the East African Nickel Belt of Tanzania covers 1,311 sq km* Portfolio Overview • Located within the Meso-Proterozoic Karagwe-Ankole Belt, prospective for Ni, Cu, Co, Cr and PGE’s • Notabl
Slide 11: Methodical, Targeted Approach to Exploration
Methodical, Targeted Approach to Exploration NICKEL 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 Prospect Ranking for EM survey - Hierarchy to iden
Slide 12: Gravity + Heli EM Surveys = Coincident Anomalies
Gravity + Heli EM Surveys = Coincident Anomalies NICKEL Plan view of the nine HEM target areas flown Gravity initiated foundations for exploration success* • ~1,000 sq km gravity readings with 32 newly discovered and unexplored gravity targets • Confirmed prospectivity and large-scale nickel explora
Slide 13: Drilling Campaign Targeting High-Priority Targets
Drilling Campaign Targeting High-Priority Targets* NICKEL RCDDKNE 004 pre-collar installation at HEM 2 - Kabanga North-East • High impact 6,000m to 8,000m “Priority Target Testing” drilling program commenced in October 2022 • Multi-purpose RC/DD drill rig(s) in operation: • RC pre-collar drilling ~1
Slide 14: Nickel Sulphide Drill Target - HEM2
Nickel Sulphide Drill Target - HEM2* NICKEL ADAVALE RESOURCES PRESENTATION ASX:ADD www.adavaleresources.com Section view of RCDDKNE004 and RCDDKNE005 (scissor hole) . HEM survey area plan showing broad internal target areas based on gravity and EM signatures, together with the location of the Kabang
Slide 15: Drilling Campaign – Priority Locations and Focus
Drilling Campaign – Priority Locations and Focus NICKEL ADAVALE RESOURCES PRESENTATION ASX:ADD www.adavaleresources.com Plan view of HEM survey areas 4 showing background Plan view of HEM survey areas 7 showing background Plan view of HEM survey areas 8 & 9 showing background channel 20 data, overla
Slide 16: Current Exploration Workstreams
Current Exploration Workstreams NICKEL Soil Survey • Progressing during wet season-135 sq km • 4-6 weeks for completion in February • Ongoing drill targeting ADAVALE RESOURCES PRESENTATION Downhole EM (1,400m) ASX:ADD • RCDDKNE 004 + 005 (HEM 2) • RCDDKE 006 (HEM 4) www.adavaleresources.com • DDKW 0
Slide 17: Lake Surprise Uranium Project, South Australia
Lake Surprise Uranium Project, South Australia URANIUM • Located in South Australia - 550km north of Adelaide and 75km east of Marree • Proven uranium province hosting multiple mines and deposits - 90km from Beverly Four Mile Uranium mine • 100% owned tenure comprising 4 granted EL’s (~1,080sqkms) o
Slide 18: Aircore Drilling Results
Aircore Drilling Results* URANIUM • Initial low-cost reconnaissance drilling program confirmed uranium mineralisation • Uranium mineralisation contained within a complex braided stream environment • Next step is geophysics to target the mineralised braided channels at Lake Surprise and the Company’s
Slide 19: Investment Highlights
Investment Highlights U Ni ADAVALE RESOURCES PRESENTATION ASX:ADD Electrification & Nearology Nickel Results Uranium Bonus www.adavaleresources.com Decarbonisation Proximal to high- High impact RC & Initial results Exposure to both grade nickel sulphide DD drilling campaign within 8 weeks Nickel & U
Slide 20: Appendices
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Slide 21: Lake Surprise South Australia
Lake Surprise South Australia • Located in South Australia - 550km north of Adelaide and 75kms east of Marree • Proven uranium province hosting multiple mines and deposits - ~90kms from Beverly Four Mile Uranium mine • 100% owned tenure comprising 4 granted EL’s (~1,080sqkms) on the northern flank o
Slide 22: Exposure to Electrification & Decarbonisation
Exposure to Electrification & Decarbonisation Nickel Uranium • Nickel-based batteries (NiMH, NCA, NCM) are used in electric • Uranium is the fuel source for nuclear power plants, which can vehicles as they have a higher energy density than traditional generate electricity without emitting CO2. lead-
Slide 23: Contact
Contact 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 @Adaval
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