Adavale Resources Limited · ASX:ADD
Adavale Resources — Africa Down Under 2022
23 slides from Adavale Resources's conference presentation, Sep 2, 2022
Slide 1: Exploring for a Tier-1 Nickel Sulphide Discovery in the East African Nickel Belt
Exploring for a Tier-1 Nickel Sulphide Discovery in the East African Nickel Belt Africa Down Under Presentation 2 September 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 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 Success through dedicate
Slide 4: Board & Capital Structure
Board & Capital Structure ADD $18.3m* ~3.6cps $3.6m Grant Pierce ASX Code Market Cap Share Price Cash & Liquids Non-Executive Chairman Mining engineer with ED, NED, GM experience Strong and long-standing affinity with Tanzania David Riekie ~5% 17m 76.4m* Nil Executive Director Board & Corporate expe
Slide 5: Nickel Portfolio, Tanzania
Nickel Portfolio, Tanzania A dedicated methodology and exploration program to uncover a large-scale Ni sulphide discovery in the East African Nickel Belt
Slide 6: Kabanga Jirani and Luhuma – East African Nickel Belt
Kabanga Jirani and Luhuma – East African Nickel Belt TANZANIA A dominant nickel licence portfolio within the East African Nickel Belt A dedicated methodology and considered exploration program generating numerous priority Ni targets A Company poised to uncover a large-scale Ni sulphide discovery NIC
Slide 7: Pathway to Drilling
Pathway to Drilling A dedicated methodology and considered exploration program to optimise drill outcomes NICKEL PORTFOLIO 7
Slide 8: Previous Activities and Outcomes - 2021
Previous Activities and Outcomes - 2021 TANZANIA 2021 - A defining year to revise strategies and methodology Outcomes achieved have enabled the refinement and reprioritisation of target selection criteria: Gravity data defines targets Luhuma Nickel Corridor Drilling to establish source of the gravit
Slide 9: Pathfinder Gravity Signatures of Neighbouring Resources
Pathfinder Gravity Signatures of Neighbouring Resources TANZANIA Modelling & Outcomes • Modeling has been undertaken by ADD based on the underlying deposits and Resources at Kabanga* to generate a range of corresponding (mGal) gravity signatures • These indicative gravity signatures NICKEL PORTFOLIO
Slide 10: New Nickel Targets Discovered with Gravity Surveys
32 new Nickel Targets Discovered with Gravity Surveys Gravity providing the foundation for exploration success • 24,000 gravity readings over ~1,000 sq km have now generated a total of 32 newly discovered and unexplored sulphide nickel targets • The number and order of magnitude of the gravity targe
Slide 11: High Priority Heli EM Survey areas – including Luhuma Nickel Corridor
9 High Priority Heli EM Survey areas – including Luhuma Nickel Corridor NICKEL PORTFOLIO “High-density signatures above 0.75mGal are interpreted to indicate the presence of underlying bedrock mafic-ultramafic intrusions (like world class Kabanga and Nova-Bollinger nickel sulphide deposits) Figure :
Slide 12: Kabanga North, West and East – Multiple gravity/Heli-EM targets
Kabanga North, West and East – Multiple gravity/Heli-EM targets NICKEL PORTFOLIO Kabanga North Kabanga West Kabanga East 1 2
Slide 13: Luhuma Nickel Corridor – the "Enigma"
Luhuma Nickel Corridor – the “Enigma” The “Enigma” target has the scale and scope to generate multiple new targets NICKEL PORTFOLIO Hosting four distinct Cu anomalies that overly the regional gravity high More work is still needed to unlock the “Enigma” 1 3
Slide 14: Milestones Achieved and Immediate Next steps
Milestones Achieved and Immediate Next steps TANZANIA Q2/Q3 CY22 Completed • Completion of the regional gravity survey including Kabanga East, West and North • Processing and interpretation to rank the identified anomalies for follow-up EM survey NICKEL PORTFOLIO Step 1- Identified • Priority target
Slide 15: 2022 Nickel Exploration Program Overview
2022 Nickel Exploration Program Overview Q1 Q2/Q3 Q3 Q4 S Downhole EM survey S Campaign Drilling S Campaign Drilling Target 7, 16, 21 Targeted (RC/Diamond) of Targeted (RC/Diamond) of priority prospects priority prospects S Ground based survey(s) Assay results/pXRF readings Assay results/pXRF readin
Slide 16: Nickel, Tesla, BHP & Country Dynamics – All Lining Up
Nickel, Tesla, BHP & Country Dynamics – All Lining Up NICKEL PORTFOLIO 1 6
Slide 17: Nickel Sulphide Deposits – They are Rare and In Demand
Nickel Sulphide Deposits – They are Rare and In Demand 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 land Selebi-P
Slide 18: Country Dynamics And Recent Nickel Focussed Actions
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 governmen
Slide 19: Tanzanian Social and Community focussed initiatives
Tanzanian Social and Community focussed initiatives Regional contract and employment opportunities ▪ Local geological field assistants and contractors ▪ Drilling ▪ DHEM surveys ▪ Ground based surveys (soil and gravity surveys) ▪ Logistics NICKEL PORTFOLIO Local Community and Health focused initiativ
Slide 20: Uranium Project, South Australia
Uranium Project, South Australia Early exploration success in Australia’s most prospective region for uranium
Slide 21: Lake Surprise South Australia
Lake Surprise South Australia ▪ 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 3 granted EL’s (~400sqkms) and 1 pending Application (70
Slide 22: Investment Thesis
Investment Thesis Alignment of opportunity Ni Exposure to both Tanzanian Government is open to investment, and knowledge with Nickel and Uranium: mining and exploration activities focused on Electrification and NICKEL PORTFOLIO discovery with a highly Decarbonisation BHP have also re-emerged in via
Slide 23: David Riekie, Executive Director
Ni U David Riekie www.adavaleresources.com Executive Director investor@adavaleresources.com david@adavaleresources.com Adavale Resources Limited @AdavaleL