Adavale Resources Limited · ASX:ADD
Adavale Resources — Africa Down Under Conference 2021
20 slides from Adavale Resources's conference presentation, Sep 1, 2021
Slide 1: The Adavale Equation: Nickel + Exploration + Tanzania = Potential
For personal use only THE ADAVALE EQUATION: NICKEL+EXPLORATION+TANZANIA= POTENTIAL AFRICA DOWN UNDER CONFERENCE 1 SEPTEMBER 2021 David Riekie – Director ASX: ADD WWW.ADAVALERESOURCES.COM
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation is approved for release by the Board of Adavale Resources Limited (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
Slide 3: Right Time & Metal, Right Place, Right Strategy & Team
RIGHT TIME & METAL, RIGHT PLACE, RIGHT STRATEGY & TEAM For personal use only Diamond Drilling (DD) program progressing steadily – third DD hole 600 $20,000 underway of an initial 8 hole (~3,000m DD program) Nickel Price and Inventories Outlook for nickel prices strong as demand is predicted to incre
Slide 4: Attracting the Right Professionals – At Board Level
ATTRACTING THE RIGHT PROFESSIONALS – AT BOARD LEVEL Grant Pierce – Chairman For personal use only - 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 - Operations Manager of the mine for i
Slide 5: Attracting the Right Professionals – Key Consultants
ATTRACTING THE RIGHT PROFESSIONALS – KEY CONSULTANTS For personal use only Dave Dodd – Competent Person, Consultant Geologist - 22+ years experience primarily in nickel sulphide exploration within Africa and is considered a leader in his field. In-country team - Headed by Accomplished - Worked at Fa
Slide 6: Corporate
CORPORATE 41% 6% BOARD AND KMP 6% Grant Pierce Allan Ritchie Chairman Chief Executive Officer ASX Code ADD For personal use only David Riekie Geoff Brayshaw Non-Executive Director Chief Financial Officer Shares on Issue (FPO’s) 288m John Hicks Julian Rockett In-house Counsel and Non-Executive Direct
Slide 7: Leveraging Off Giants in Our Neighbourhood
LEVERAGING OFF GIANTS IN OUR NEIGHBOURHOOD For personal use only ▼ Located proximal to the world class Kabanga Nickel Deposit (58Mt @ 2.62% Ni) Undeveloped Nickel Sulphide Deposits • Kabanga Nickel Agreement with the Tanzania Government to Kabanga Nickel Deposit develop project which will provide an
Slide 8: Adavale's Kibanga Jirani Nickel Licences
ADAVALE’S KIBANGA JIRANI NICKEL LICENCES ▼ Prospecting Licences were specifically targeted based on the rich For personal use only details contained in the acquired BHP Data ▼ Focus has been on the NNE-trending Karagwe-Ankole Orogenic Belt of North-West Tanzania known for Ni, Cu, Co, Cr & PGE’s • Me
Slide 9: The Right Geological Setting and Exploration Methodology
THE RIGHT GEOLOGICAL SETTING AND EXPLORATION METHODOLOGY For personal use only ▼ Right geological setting: within the Karagwe Ankolean belt which hosts the 58Mt @ 2.62% Ni Kabanga Nickel deposit ▼ Kabanga characterised by the following: • Hosted in ultramafic intrusions/elevated Ni and Cu values in
Slide 10: Comprehensive Initial Exploration Program
COMPREHENSIVE INITIAL EXPLORATION PROGRAM (inc 3,000m DD 8 Hole program) For personal use only HISTORICAL DATA ACQUIRED BY ADD ADD ACTIVITIES DEC JAN 21 FEB MAR APR MAY JUN JUL AUG Regional Geochem (1,000m lines/500m station) UNDP DATA FROM 1970 Infill Geochem (400m lines/50m station) Geological map
Slide 11: Successful Regional Soil Sampling
KABANGA NORTH: SUCCESSFUL REGIONAL SOIL SAMPLING MARKERS For personal use only Regional Geochemistry Used to Identify Targets to Follow Up Line Spacing 1000m and station spacing of 500m Kabanga North Kabanga North Ni kriging Cu kriging Ni symbols Ni symbols 11
Slide 12: Correlation of Anomalies Identified Infill Soil Sampling
KABANGA NORTH: CORRELATION OF ANOMALIES IDENTIFIED INFILL SOIL SAMPLING For personal use only Target 1 at Kabanga N showed coincident elevated Ni and Cu from soil geochemistry as well as coincidence with a magnetic low (indicative of an underlying ultramafic intrusion) so was followed up with ground
Slide 13: AMT Conductors Coincident with Target Locations
KABANGA NORTH: AMT CONDUCTORS COINCIDENT WITH TARGET LOCATIONS For personal use only Darker red portion of AMT models denotes low ohm.m = high conductivity shell 13
Slide 14: Geophysics – AMT Slices Plus EM Plates
KABANGA NORTH: GEOPHYSICS – AMT SLICES PLUS EM PLATES For personal use only 14
Slide 15: Geophysics, AMT Slices, EM Plates & Mag Data
KABANGA NORTH: GEOPHYSICS, AMT SLICES, EM PLATES & MAG DATA For personal use only 15
Slide 16: Drillhole Intercepts and Interpretations
KABANGA NORTH: DRILLHOLE INTERCEPTS AND INTERPRETATIONS For personal use only Drillhole Drillhole testing: Trace TDEM/AMT anomaly, Gridded Underlying Ni and Cu anomaly NSAMT Coincidental with Magnetic shells Anomaly (indicative of an intrusion which is a necessity Magnetic to host a Ni-sulphide depo
Slide 17: KN01-01-01 Intercept 195m Sulphide Veins
KABANGA NORTH: KN01-01-01 INTERCEPT 195m Sulphide veins - Ni 0.86%, Cu 4.84% and Co 0.44%* For personal use only ▼ Initial drilling program is validating the zones of conductivity identified through the NSAMT and the TDEM which is ascribed to the numerous sulphide veins intercepted between 260 and 4
Slide 18: 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 For personal use only a numb
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only ▼ Right Metal ▼ Right Time initial drilling program underway ▼ Highly prospective location for very high-grade nickel sulphide deposits, based on § Geological setting § Historical exploration data § Proximity of the world richest undeveloped nickel sulphid
Slide 20: For personal use only
For personal use only Level 7, 6 Underwood Street www.adavaleresources.com Sydney NSW 2000 [email protected] +61 2 8003 6733 Adavale Resources Limited @AdavaleL 20
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