Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (September 2023)
20 slides from Adavale Resources's investor presentation, Sep 18, 2023
Slide 1: Massive Nickel Sulphide Hits in Elephant Country
Massive Nickel Sulphide Hits in Elephant Country For personal use only Nickel Sulphide Intercepts Confirm Potential within the East African Nickel Belt September 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: Luhuma Central
Luhuma Central Nickel Sulphide drill intersections achieved in all five drillholes / significant mineralised zone at DDLUHC005 LUHUMA CENTRAL MINERALISED INTERSECTIONS For personal use only DDLUHC001 to DDLUHC005 Massive Semi-Massive Blebby + Total Drillhole ID Sulphide sulphide Disseminated Sulphid
Slide 6: Luhuma Central: Assay results received and assays pending
Luhuma Central Assay results received and assays pending LUHUMA CENTRAL ASSAY RESULTS AND HISTORICAL DRILLHOLES Nature of From Thickness For personal use only Drillhole ID To (m) Ni % Cu % Co % Mineralisation (m) (m) DDLUHC001 Massive Sulphide 223.4 227.5 4.13 1.03 0.14 0.17 DDLUHC001 Semi-Massive S
Slide 7: Luhuma Central: Massive Nickel Sulphides intersected + Completed drillholes
Luhuma Central Massive Nickel Sulphides intersected + Completed drillholes Plan view of current completed diamond drill holes (green dots) For personal use only Historical holes red dot massive sulphides intercepted black dots indicate Ultramafic rocks intercepted AMT lines L1 to L3 surveyed by Adav
Slide 8: Luhuma Central: Long section shows open-ended potential north-south
Luhuma Central Long section shows open-ended potential north-south For personal use only Mineralisation currently defined over 300m+ strike length (remains open N-S) Mineralisation thickening to the Southwest 340m mineralised zone intersected in DDLUHC005 • +300m Disseminated Ni Sulphide • 15m Semi-
Slide 9: Luhuma Trend: Anomalous prospects extend over 10km strike
Luhuma Trend Anomalous prospects extend over 10km strike LUHUMA CENTRAL Awarded in May 2023 For personal use only High priority targets, refined using AMT Nickel sulphides intersected in all five drillholes DHEM/ground EM surveys to identify strike extensions in progress Further DD holes being plann
Slide 10: Planned Drill Program - HEM4
Planned Drill Program - HEM4 Drilling preparation completed for initial RC drilling at HEM 4 For personal use only • High priority targets identified • Planned 6-hole RC program (900m) average depth 150m • Pad preparation in progress for initial Airborne EM Target 3 RC holes • Drilling to target ult
Slide 11: Next Steps
Next Steps Busy exploration program and results expected for the remainder of CY 23 For personal use only • Ground EM underway to assist targeting N-S strike extensions at Luhuma Central • Further DD at Luhuma Central (in planning based on ground EM) • RC drilling at HEM4 + HEM2E • DHEM/Ground EM an
Slide 12: 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 13: Major Regional Infrastructure in Progress
Major Regional Infrastructure in Progress Rail and Power Projects Supporting Commercial and Mining Developments Tanzania Standard Gauge Railway Project • Multi-stage rail project with connections For personal use only to Dar es Salaam • New major regional terminal near Kabanga Jirani with spur lines
Slide 14: 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 For personal use only • Providing professional oral mutilation development train for 60 nurses • Training, awareness at N
Slide 15: Lake Surprise Uranium Project, South Australia
Lake Surprise Uranium Project, South Australia • Located in South Australia - 550km north of Adelaide and 75km east of Marree For personal use only • Proven uranium province hosting multiple mines and deposits - 90km from Beverly Four Mile Uranium mine • 100% owned tenure comprising 4 granted EL’s (
Slide 16: Drilling Confirms Uranium Mineralisation
Drilling Confirms Uranium Mineralisation • 742m aircore uranium drilling For personal use only program (~ 56 holes) completed in February 2023 • Results identified uranium hosted in a complex braided channel environment. • Drilled area is a very small subset of the overall tenement package. • Next s
Slide 17: Exploration Licences – South Australia
Exploration Licences – South Australia For personal use only Exploration Licence Area (km2) Project Location ID EL 5892 60 Lake Arthur East, South Australia EL 5893 167 Lake Arthur, South Australia EL 6598 137 Canegrass Swamp, South Australia EL 6821 714 S/W Lake Surprise, South Australia Total 1,07
Slide 18: Corporate Overview
Corporate Overview ADD 730m* 1.4c ADD Share Price Shares For personal use only ASX Code Share Price (14 Aug 23) $0.04 90.0 80.0 $10.3m ~$1m* ~6% $0.03 70.0 Market Cap Cash @ 30 June Board/Execs Ownership 60.0 Share Price (A$/share) Volume (m) 50.0 282.4m* 117 11.25m $0.02 40.0 Options Convertible No
Slide 19: Investment Highlights
Investment Highlights For personal use only Critical minerals exposure Nickel is a key component of lithium-ion batteries Demonstrated nickel rich region Proximal to high-grade nickel sulphide resources in the East African Nickel Belt Demonstrated Nickel Results Successful intercepts in first 5 DD h
Slide 20: Contacts
Contacts For personal use only David Riekie Executive Director [email protected] For media and broker enquiries Andrew Rowell White Noise Communications [email protected] [email protected] M: 0400 466 226 www.adavaleresources.com [email protected] Adavale Re
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