Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (May 2023)
19 slides from Adavale Resources's investor presentation, May 9, 2023
Slide 1: Stalking Elephants
STALKING ELEPHANTS For personal use only Nickel sulphide exploration in the East African Nickel Belt May 2023 ASX:ADD adavaleresources.com
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 ADDcurrent at the date of this presentation. The presentation is in summary form, has not been independently verified anddoesnot purport bealli
Slide 3: Investment Highlights
Investment Highlights For personal use only U Ni ADAVALE RESOURCES PRESENTATION ASX:ADD Exposure to A dominant nickel Nickel drilling Experienced www.adavaleresources.com critical minerals – exploration portfolio campaign management team Nickel and surrounding an underway with with deep African Uran
Slide 4: Corporate Overview
Corporate Overview ADD 520m 2.1c $2.0m ASX Code Shares Share Price Proforma Cash (as at 31 March) For personal use only $10.9m 190.6m 17m ~6% Market Cap Options Performance Board and 98.3m @ $0.03, exp 9/23 5m @ $0.03, exp 8/25 Rights Management Ownership 9m @ $0.15, exp 1/25 65m @ $0.03, exp 12/25
Slide 5: Experienced Team
Experienced Team For personal use only Grant Pierce David Riekie John Hicks Non-Executive Chairman Executive Director Non-Executive Director Mining engineer with ED, NED, GM Corporate experience, ASX roles Accomplished Nickel Sulphide experience. Strong and long-standing (NED, MD, ED, CEO) including
Slide 6: Exposure to Electrification & Decarbonisation
Exposure to Electrification & Decarbonisation Nickel Uranium For personal use only H ADAVALE RESOURCES PRESENTATION ASX:ADD Nickel-based batteries Nickel is used in the Uranium is the fuel source for Used in high-temperature in electric vehicles have production of stainless steel, nuclear power plan
Slide 7: Nickel - Global Demand
Nickel - Global Demand NICKEL Use in batteries will double Stainless global nickel demand by 2040 For personal use only Battery Precursors Foundry 2021 7% NF Alloys Alloy Steel Plating 69% Other ADAVALE RESOURCES PRESENTATION ASX:ADD www.adavaleresources.com 2040 41% 45% 7 Source: Wood Mackenzie
Slide 8: Tanzania – An Attractive Mining Destination
Tanzania – An Attractive Mining Destination NICKEL ▪ Mining is a crucial sector for Tanzania, generating more than US$2.5 billion ▪ Renewal of public sector management with focus on project delivery annually and accounting for over 50% of the country’s exports by value ▪ Framework Agreements with co
Slide 9: Tanzanian Social and Community Focused Initiatives
Tanzanian Social and Community Focused Initiatives NICKEL Commitment to local contract & employment opportunities For personal use only Local geological field assistants and contractors • Drilling • DHEM Surveys • Ground Based Surveys (Soil and Gravity Surveys) • Logistics ADAVALE RESOURCES PRESENTA
Slide 10: Kabanga Jirani + Luhuma – Dominance in East African Nickel Belt
Kabanga Jirani + Luhuma – Dominance in East African Nickel Belt NICKEL Dominant nickel licence portfolio within the East African Nickel Belt of Tanzania covers For personal use only 1,311 sq km* Portfolio Overview • Located within the Meso-Proterozoic Karagwe-Ankole Belt, prospective for Ni, Cu, Co,
Slide 11: Methodical, Targeted Approach to Exploration
Methodical, Targeted Approach to Exploration NICKEL Ground Based/Field Survey(s) - Field checking, logistics/Soil sampling (orientation); - Initial gravity and preliminary drilling For personal use only Regional Scale Gravity Survey - 1,000 sq km- 32 anomalies identified Prospect Ranking for EM surv
Slide 12: High Priority Coincident Anomalies To Test
High Priority Coincident Anomalies To Test NICKEL • Targets have been generated based on coincidence of gravity, magnetics and heli-EM For personal use only • Soil geochemistry completed during the wet season has refined the targets for the current drilling season. • Key targets for 2023 include: •
Slide 13: Nickel Sulphide Drill Target – Luhuma Trend including HEM2
Nickel Sulphide Drill Target – Luhuma Trend including HEM2* NICKEL For personal use only 2023 TARGET ADAVALE RESOURCES PRESENTATION ASX:ADD www.adavaleresources.com Luhuma Trend soil geochemical survey anomalies, target areas and proposed drill locations Section view of RCDDKNE004 and RCDDKNE005 (sc
Slide 14: Luhuma North
Luhuma North NICKEL • Geochemical anomalies at Luhuma North are For personal use only broadly coincident (although offset) with two strong gravity features • Supports the contention that the gravity features may reflect hidden, potentially nickel-sulphide bearing mafic-ultramafic bodies at depth ADA
Slide 15: Additional HEM Targets
Additional HEM Targets NICKEL For personal use only ADAVALE RESOURCES PRESENTATION ASX:ADD www.adavaleresources.com HEM 2 East soil geochemical survey anomalies, target HEM 4 soil geochemical survey anomalies, target areas and 15 areas and proposed drill locations proposed drill locations
Slide 16: Lake Surprise Uranium Project, South Australia
Lake Surprise Uranium Project, South Australia URANIUM • 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 For personal use only • 100% owned tenure comprising 4 grante
Slide 17: Drilling Confirms Uranium Mineralisation
Drilling Confirms Uranium Mineralisation URANIUM For personal use only • 742m aircore uranium drilling 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 ADAVALE RESOURCES PRESENTA
Slide 18: Investment Highlights
Investment Highlights For personal use only U Ni ADAVALE RESOURCES PRESENTATION ASX:ADD Electrification & Nearology Nickel Results Uranium Bonus www.adavaleresources.com Decarbonisation Proximal to high- High impact drilling Large project area Exposure to both grade nickel sulphide campaign restarte
Slide 19: Contact
Contact David Riekie For personal use only 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 Res