Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (August 2022)
27 slides from Adavale Resources's investor presentation, Aug 2, 2022
Slide 1: Exploring for a Tier-1 Nickel Sulphide Discovery in the East African Nickel Belt
For personal use only Exploring for a Tier-1 Nickel Sulphide Discovery in the East African Nickel Belt Investor Presentation August 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 For personal use only Ni Exposure to critical minerals - Nickel and Uranium: Electrification and Decarbonisation A dominant Nickel exploration portfolio in the East African Nickel Belt - poised to become an epicentre for nickel discovery and production in Africa Success thro
Slide 4: Board & Capital Structure
Board & Capital Structure ADD $12.7m 2.5cps $3.6m Grant Pierce ASX Code Market Cap Share Price Cash & Liquids For personal use only Non-Executive Chairman Mining engineer with ED, NED, GM experience Strong and long-standing affinity with Tanzania David Riekie 5.1% 17m 76.4m Nil Executive Director Bo
Slide 5: Nickel Portfolio, Tanzania
For personal use only 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 Nickel Portfolio Overview
Kabanga Jirani and Luhuma TANZANIA A dominant nickel licence portfolio in the East African For personal use only 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 NICKEL PORTF
Slide 7: Pathway to Drilling
Pathway to Drilling A dedicated methodology and For personal use only 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 For personal use only Outcomes achieved have enabled the refinement and reprioritisation of target selection criteria: Gravity data defines targets Luhuma Nickel Corridor Drilling to establis
Slide 9: Pathfinder Gravity Signatures of Neighbouring Resources
Pathfinder Gravity Signatures of Neighbouring Resources TANZANIA For personal use only 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 signa
Slide 10: New Nickel Targets Discovered with Gravity on Kabanga Licences
32 new Nickel Targets Discovered with Gravity on Kabanga Licences Gravity providing foundation for exploration success For personal use only • 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
Slide 11: High Priority Heli EM Survey areas – including Luhuma Nickel Corridor
9 High Priority Heli EM Survey areas – including Luhuma Nickel Corridor For personal use only 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 sulphi
Slide 12: Kabanga North, West and East – Multiple gravity/Heli-EM targets
Kabanga North, West and East – Multiple gravity/Heli-EM targets For personal use only NICKEL PORTFOLIO Kabanga North Kabanga West Kabanga East 1 2
Slide 13: Milestones Achieved and Immediate Next steps
Milestones Achieved and Immediate Next steps TANZANIA Q2/Q3 CY22 For personal use only 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- Identi
Slide 14: 2022 Nickel Exploration Program Overview
2022 Nickel Exploration Program Overview For personal use only 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 Ass
Slide 15: Nickel, Tesla, BHP & Country Dynamics – All Lining Up
Nickel, Tesla, BHP & Country Dynamics – All Lining Up For personal use only NICKEL PORTFOLIO 1 5
Slide 16: Nickel Sulphide Deposits – Rare and In Demand
Nickel Sulphide Deposits – Rare and In Demand For personal use only 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
Slide 17: Country Dynamics And Recent Nickel Focussed Actions
Country Dynamics And Recent Nickel Focussed Actions Tanzania as a destination is at an important inflection point For personal use only ▪ Numerous projects for various minerals are progressing or in the pipeline for government consideration and approval ▪ Dedicated negotiation teams to progress proj
Slide 18: Uranium Project, South Australia
For personal use only Uranium Project, South Australia Early exploration success in Australia’s most prospective region for uranium
Slide 19: Lake Surprise South Australia
Lake Surprise South Australia ▪ Located in South Australia - 550km north of Adelaide and 75km east of Marree For personal use only ▪ 100% owned tenure comprising 3 granted EL’s (~400sqkms) and 1 pending Application (700sqkms) on the northern flank of the Flinders Ranges (considered highly uraniferou
Slide 20: Field Program Success
Field Program Success ▪ 400km gamma survey completed Nov 20211 For personal use only ▪ Gamma anomalies interpreted to be hosted in the silicified sediments of a palaeochannel system that discharged from the northern Flinders Ranges ▪ Assay summary from rock chip samples2 – Highest uranium content of
Slide 21: Pathway to Drilling
Pathway to Drilling ▪ 4,500m Air Core uranium drilling For personal use only program (~ 150 holes) scheduled to commence in August 2022 ▪ Uranium exploration Work Area Clearance (WAC) complete and Notice of Entry (NOE) dispatched URANIUM PROJECT ▪ Exploration and environmental management procedures
Slide 22: Investment Thesis
Investment Thesis For personal use only 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 r
Slide 23: For personal use only
Ni For personal use only U David Riekie www.adavaleresources.com Executive Director [email protected] +61 419994301 [email protected] Adavale Resources Limited @AdavaleL
Slide 24: Multiple Nickel Targets Discovered/Heli EM to follow
Multiple Nickel Targets Discovered/Heli EM to follow For personal use only • Ground-based gravity survey has initially unearthed previously unknown and hence unexplored priority targets over a ~30 km strike length of the Luhuma Nickel Corridor • The Nickel Corridor is defined by a series of extensiv
Slide 25: Luhuma Nickel Corridor – the "Enigma"
Luhuma Nickel Corridor – the “Enigma” For personal use only “Enigma” target has the scale NICKEL PORTFOLIO and scope to generate multiple new targets Hosting four distinct Cu anomalies that overly the regional gravity high 2 5
Slide 26: Rationale & Pathfinder Tasks
Rationale & Pathfinder Tasks TANZANIA For personal use only Base of weathering Focused on the identification of both 1500m the location and orientation of mafic- ultramafic layered intrusions lite i pe Graphitic Techniques/Rationale em Schist dse • In the right setting, “blue chip” nd Mafic-ultramaf
Slide 27: Nickel Trends – Price LME, Demand, Primary Balance
Nickel Trends – Price LME, Demand (Lib), Primary Balance For personal use only NICKEL PORTFOLIO Source: Benchmark Mineral Intelligence Source: SandP Global Market Intelligence; London Metal Exchange Data as of Jan. 25, 2022 2 7
Adavale Resources — Investor Presentation (August 2022) on 6ix