Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (August 2023)
19 slides from Adavale Resources's investor presentation, Aug 7, 2023
Slide 1: Massive Nickel Sulphide Hits In Elephant Country
For personal use only Massive Nickel Sulphide Hits In Elephant Country Nickel Sulphide Intercepts Confirm Potential within the East African Nickel Belt AUGUST 2023 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: Important Notice & Disclaimer – Competent Person Statement
Important Notice & Disclaimer Competent Person Statement The information in this release that relates to “exploration results” for the Nickel Project is based on information compiled or reviewed by Mr David Dodd of MSA, South Africa. Mr Dodd is a consultant for For personal use only Adavale Resource
Slide 4: Kabanga Jirani + Luhuma: Dominance in East African Nickel Belt
Kabanga Jirani + Luhuma Dominance in East African Nickel Belt Dominant nickel licence portfolio within the East African Nickel Belt of Tanzania covers 1,315 sq km For personal use only Portfolio Overview 100% owned Licences + Luhuma Farm – In ground (initial 65%, moving to 80%, trigger to 100%) Lice
Slide 5: New Massive Nickel Sulphides intersected in DDLUHC003
Luhuma Central New Massive Nickel Sulphides intersected in DDLUHC003 For personal use only 7.55 m of Massive Nickel Sulphides intersected from 261.7m Dominated by pyrrhotite with between 1% to 5% pentlandite and minor chalcopyrite Third successive intersection of Nickel massive sulphide units at Luh
Slide 6: Nickel Massive Sulphides intersected in first Adavale drillholes
Luhuma Central Nickel Massive Sulphides intersected in first Adavale drillholes DDLUHC-001 DDLUHC-002 For personal use only 4.15m of 1% Ni from 233m (within a 12m interval @ 0.46%) Preliminary assays show Ni of 4m @ 0.52% Ni from 200m 6
Slide 7: Nickel Massive and Blebby Sulphides intersected in all drillholes
Luhuma Central Nickel Massive and “Blebby” Sulphides intersected in all drillholes For personal use only Drillhole ID. Nature of Mineralisation From (m) To (m) Thickness (m) DDLUHC001 Massive Sulphide 223.35 227.5 4.15 DDLUHC002 Semi Massive/ Blebby Sulphide 200.7 205.6 4.90 DDLUHC003 Massive Sulphi
Slide 8: Historical nickel intercepts leading the way
Luhuma Central Historical nickel intercepts leading the way New 100% owned tenement has identified nickel sulphides For personal use only • Tenement awarded to Luhuma Central in May 2023 sits within the Luhuma JV ground • Previous drilling by BHP intersected 8.4m @ 1.14% Ni in LUH-06 • Along strike
Slide 9: Massive Nickel Sulphides intersected in first Adavale drillholes + Planned holes
Luhuma Central Massive Nickel Sulphides intersected in first Adavale drillholes + Planned holes For personal use only Plan view of current and proposed drillhole locations Hole Legend red dot massive sulphides intercepted black dots indicate Ultramafic rocks intercepted yellow dots are planned holes
Slide 10: Central – Downhole EM Survey
Luhuma Central – Downhole EM Survey Drillhole traces targeting AMT anomaly and planned drillhole DDLUHC004 targeting the modelled DHEM plate. The red squares show where sulphides have been intercepted to date. For personal use only Colour image background represents gridded C25 (db/dt) from the NRG
Slide 11: Trend: Anomalous prospects over 10km strike
Luhuma Trend Anomalous prospects over 10km strike LUHUMA CENTRAL For personal use only Awarded in May 2023 High priority targets, refined using AMT Nickel sulphides intercepted all three drillholes DHEM surveys underway to identify strike extension Planned DD holes north and south of drilling succes
Slide 12: HEM 2 and HEM 2NE – New Horizons
HEM 2 and HEM 2NE – NEW HORIZONS Drilling underway targeting base of intrusion For personal use only HEM 2NE 7.4m Massive Sulphides @ 481m 24m Disseminated Sulphides HEM 2 @ 339m CURRENT HEM 2E DRILLING Mag Anomaly Gravity Anomaly Soils Anomaly 12 Adavale’s Kabanga Jirani and Luhuma farm-in Licences
Slide 13: Next Steps
Next Steps Busy exploration program anticipated for the remainder of CY 23 For personal use only • Expand diamond drilling at Luhuma Central • Diamond drilling at HEM 2 & HEM2 NE • RC drilling at HEM 2E & HEM 4 • Downhole EM on all diamond holes • AMT at select targets • Further assays during July a
Slide 14: Tanzania – An Attractive Mining Destination
Tanzania – An Attractive Mining Destination ▪ Mining is a crucial sector for Tanzania, generating For personal use only more than US$2.5 billion annually and accounting for over 50% of the country’s exports by value ▪ President Samia Suluhu Hassan, has pledged a “commitment to the development of the
Slide 15: Tanzanian Social and Community Focused Initiatives
Tanzanian Social and Community Focused Initiatives Local community and health focused initiatives For personal use only Vaka Health Foundation (sponsorship) • Providing professional development train for 60 nurses at Ngara District Hospital • AAMEG 2022 award winner: Best Workforce & Industry Develo
Slide 16: Corporate Overview
Corporate Overview ADD 688m* 1.7c ADD Share Price - YTD Shares For personal use only ASX Code Share Price (4 Aug 23) $0.04 90.0 $11.7m $3.4m* ~6% $0.04 80.0 70.0 Proforma Cash Board and $0.03 Market Cap (@ 30 June) Management Ownership Share Price (A$/share) 60.0 $0.03 Volume (m) 50.0 320.6m* 117 11
Slide 17: Adavale Pro Rata Entitlement Offer Details
Adavale Pro Rata Entitlement Offer Details For personal use only Offer Size and Structure • Non-renounceable entitlement issue on a 1 for 5 ratio basis • Raising approximately $2.065 million • 1 free attaching listed option (ADDOA - Ex $0.03 each expiring 31 Dec 2025) for every share applied • New S
Slide 18: Investment Highlights
Investment Highlights U Electrification & Decarbonisation For personal use only Ni Exposure to both Nickel & Uranium Nearology Proximal to high-grade nickel sulphide resources in the East African Nickel Belt Nickel Results Successful intercepts in first 3 DD holes and delivering Massive Nickel Sulph
Slide 19: 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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