Adavale Resources Limited · ASX:ADD
Adavale Resources — RIU Sydney Resources Roundup 2024
21 slides from Adavale Resources's conference presentation, May 8, 2024
Slide 1: Future Energy Minerals: Uranium and Nickel Exploration
For personal use only Fu t u re E n e rg y M i n e ra l s Uranium and Nickel Exploration M AY 2 0 2 4 ASX:ADD
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: Uranium Price – Heading towards record prices
Uranium Price – Heading towards record prices 120 Uranium price has For personal use only 100 strengthened over 100% since early-2023 80 U3O8 Price (US$/lb) 60 40 20 0 03-May-19 03-Nov-19 03-May-20 03-Nov-20 03-May-21 03-Nov-21 03-May-22 03-Nov-22 03-May-23 03-Nov-23 03-May-24 ASX | ADD adavaleresou
Slide 4: The Lost Decade - Exploration and Development; New reactors driving demand
For personal use only The Lost Decade - Exploration and Development 520 New reactors driving demand Persistent supply gap ➢ New reactors, particularly growth in China, Upper Scenario for Uranium Supply and Demand (Mlbs U3O8) 455 emerging due to lack of driving demand surge development-ready projects
Slide 5: Expanded South Australian Uranium Project Portfolio
Expanded South Australian Uranium Project Portfolio Significant prospective licence package – Uranium in the paleochannel system For personal use only Located in South Australia - 550km north of Adelaide and 75km east of Marree Proven uranium province hosting multiple mines and deposits - 90km from
Slide 6: "No Vacancies" - Regional Prospective Uranium Geology
“No Vacancies” - Regional Prospective Uranium Geology Tri-Star For personal use only ➢ Majority of tenure in northern Flinders Ranges prospective for Uranium has already been secured ➢ Major ground holdings are dominated by Kilonova large private/public unlisted companies ADD (Heathgate/Tri Star). O
Slide 7: Strategic Acquisitions – EL 6553 and new EL 6890
Strategic Acquisitions – EL 6553 and new EL 6890 MacDonnell The Hook For personal use only ➢ Acquisition of EL6553 covering 456km2 is Creek strategically located and proximal to the Company’s Mundowdna South and Lake Surprise Uranium Projects. ➢ Previous exploration activities identified Lake severa
Slide 8: EL 6553 – George Creek and MacDonnell Creek Prospects
For personal use only EL 6553 – George Creek and MacDonnell Creek Prospects George Creek and MacDonnell Creek prospects identified by Cauldron (within the MacDonnell Creek drilling by Cauldron up to 2011 (Source CXU 2011 Annual Report) new MacDonnell Creek tenure) (source CXU 2011 Annual Report) ASX
Slide 9: Uranium Target Areas
Uranium Target Areas Sentinel 2 satellite imagery interpretation highlights paleochannels Originally the Sentinel 2 satellite imagery was analysed and compared with Gravity and For personal use only Tempest EM anomalies Analysis highlights palaeochannels forming fan from northern Ikara -Flinders Ran
Slide 10: Mundowdna South Fieldwork – April 2024
For personal use only Mundowdna South Fieldwork – April 2024 ASX | ADD adavaleresources.com
Slide 11: Roll Front Uranium Geology - Schematic Model
For personal use only Roll Front Uranium Geology - Schematic Model Derived from: https://fasttimesonline.co/using-nmr-to-characterize-aquifer-properties-in-in-situ-mining-an-australian-uranium-case-study/ ASX | ADD adavaleresources.com
Slide 12: In-Situ Recovery (ISR) Process – Example only
In-Situ Recovery (ISR) Process – Example only Schematic ISR Process Set up - Example from Beverley, located 80km to the southeast For personal use only ➢ ISR is a process whereby fluids are injected into the ore zone via wells, the uranium is dissolved, and then the fluid is pumped to the surface fo
Slide 13: Next Steps - Uranium
Next Steps - Uranium • Confirmation of targets areas on EL6553 followed by preparation of an exploration program For personal use only • Interpretation of Exploration program results on Mundowdna Uranium Project (completed April 24) Terraleach geochemistry Surface technique for identifying geology a
Slide 14: Dominant Position in the East African Nickel Belt
Dominant Position in the East African Nickel Belt Over 1,315km2 of granted licences in Tanzania Dominant nickel licence portfolio within the East African Nickel Belt of Tanzania For personal use only Portfolio Overview Combination of 100% owned Licences & Farm–In tenements Licences are adjacent and
Slide 15: Luhuma Central
Luhuma Central Massive Nickel Sulphides intersected in all diamond drillholes – Potential being unlocked For personal use only Luhuma Central granted to Adavale in May 2023 Five diamond drillholes completed by Adavale in 2023 ALL intercepted nickel sulphide units Downhole EM and Ground EM completed
Slide 16: Luhuma Central - Massive nickel sulphide intersections
Luhuma Central - Massive nickel sulphide intersections Nickel sulphides intersected in all holes and trend extends SW at Luhuma Central For personal use only 7.55m of massive sulphides in DDLUHC003 The increasing MgO content towards the SW is illustrated above with Diamond Drilling at Luhuma Central
Slide 17: Luhuma Trend
Luhuma Trend Anomalous prospects over 10km strike LUHUMA CENTRAL 700m strike identified from Drilling, DHEM, EM For personal use only Targeting southwest extensions into more primitive/fertile geology HEM 2 Initially drilled in 2022 Sulphides in system and right geology intersected Further drilling
Slide 18: Tanzania – An Attractive Mining Destination
Tanzania – An Attractive Mining Destination ▪ Mining is a crucial sector for Tanzania, generating more than US$2.5 billion annually and accounting for over 50% of the country’s exports by value For personal use only ▪ President Samia Suluhu Hassan, has pledged a “commitment to the development of the
Slide 19: Tanzanian Social and Community Focused Initiatives
Tanzanian Social and Community Focused Initiatives Local community and health focused initiatives Vaka Health Foundation Bridge2Aid Australia (sponsorship) • Prevention of infant oral For personal use only • Providing professional mutilation development train for 60 nurses at • Training, awareness a
Slide 20: Corporate Overview
Corporate Overview ADD 1,016m 0.6c Grant Pierce Non-Executive Chairman Mining engineer with ED, NED, GM experience. Strong and long-standing affinity with Tanzania ASX Code Shares* Share Price (6 May 24) For personal use only David Riekie $6m ~$1.6m ~4% Executive Director Corporate experience, ASX r
Slide 21: Contacts
Contacts For personal use only 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 Re
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