Adavale Resources Limited · ASX:ADD
Adavale Resources — Noosa Mining Investor Conference 2023
20 slides from Adavale Resources's conference presentation, Nov 16, 2023
Slide 1: Massive Nickel Sulphides for an EV Future
For personal use only Massive Nickel Sulphides for an EV Future Nickel Sulphide Intercepts Confirm Prospectivity within the East African Nickel Belt November 2023 ASX:ADD www.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 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 personal use only for Adavale Resource
Slide 4: Corporate Overview
Corporate Overview ADD 730m* 0.8c Grant Pierce Non-Executive Chairman Mining engineer with ED, NED, GM experience. Strong and long-standing affinity with Tanzania ASX Code Shares Share Price (3 Nov 23) For personal use only David Riekie $5.84m ~$2.2m ~6% Executive Director Corporate experience, ASX
Slide 5: Dominant Position in the East African Nickel Belt
Dominant Position in the East African Nickel Belt Over 1,315km2 of granted licences in Tanzania Dominant nickel licence portfolio within the East African Nickel Belt of Tanzania For personal use only Portfolio Overview Combination of 100% owned Licences & Farm–In tenements Licences are adjacent and
Slide 6: Luhuma Central
Luhuma Central Massive Nickel Sulphides intersected in all diamond drillholes – Potential being unlocked For personal use only Luhuma Central granted to Adavale in May 2023 Drilling commenced within three weeks, targeting known historical intercepts Five diamond drillholes completed by Adavale ALL i
Slide 7: Luhuma Central: Nickel Sulphide Drill Intersections
Luhuma Central Nickel Sulphide drill intersections achieved in all five drillholes / significant mineralised zones at DDLUHC004 + 005 LUHUMA CENTRAL MINERALISED INTERSECTIONS For personal use only DDLUHC001 to DDLUHC005 Massive Semi-Massive Blebby + Total Drillhole ID Sulphide sulphide Disseminated
Slide 8: Luhuma Central: Selected Assay Results
Luhuma Central Selected Assay results – Massive Sulphide zones, higher Ni grades at depth within the Southwest trend? Drillhole ID Nature of Mineralisation From (m) To (m) Thickness (m) Ni % Cu % Co % For personal use only DDLUHC001 Massive Sulphide 223.35 227.48 4.13 1.03 0.14 0.17 DDLUHC003 Massiv
Slide 9: Massive nickel sulphide intersections
Massive nickel sulphide intersections Nickel sulphides intersected in all holes and trend extends SW at Luhuma Central For personal use only 7.55m of massive sulphides in DDLUHC003 The increasing MgO content towards the SW is illustrated above with the red colour depicting the most primitive rock (G
Slide 10: Latest Drillhole (DDLUHC006) Underway
Latest Drillhole (DDLUHC006) Underway Targeting southwest extensions to mineralisation For personal use only Targeting extensions to the southwest of previous holes Well constrained EM plate from 380m depth 10
Slide 11: Luhuma Trend
Luhuma Trend Anomalous prospects over 10km strike LUHUMA CENTRAL For personal use only 700m strike identified from Drilling, DHEM, EM Targeting southwest extensions into more primitive/fertile geology HEM 2 Initially drilled in 2022 Sulphides in system and right geology intersected Further drilling
Slide 12: Planned RC Drill Program - HEM4
Planned RC Drill Program - HEM4 RC Drilling underway at HEM 4 – positive MgO rich rock types confirmed For personal use only High priority targets identified Planned 6-hole RC program (900m) average depth 150m (2 holes completed) Drilling to target ultramafic rocks coincident with high nickel-copper
Slide 13: Next Steps - Tanzania
Next Steps - Tanzania Ongoing exploration program for the remainder of CY 23 For personal use only DD at Luhuma Central (ongoing) RC drilling at HEM4 (ongoing) Additional ground EM assist strike extension targets at Luhuma Central Further assessment HEM4 13
Slide 14: Tanzania is an Attractive Mining Destination
Tanzania is an Attractive Mining Destination For personal use only Mining is a crucial sector for Tanzania, generating 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 mi
Slide 15: Major Regional Infrastructure
Major Regional Infrastructure Rail and Power Projects Supporting Commercial and Mining Developments Lake Victoria 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, new spur lines t
Slide 16: 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 17: Lake Surprise Uranium Project, South Australia
Lake Surprise Uranium Project, South Australia Significant prospective licence package – Uranium in the paleochannel system For personal use only Located in South Australia - 550km north of Adelaide and 75km east of Marree Proven uranium province hosting multiple mines and deposits - 90km from Bever
Slide 18: 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 step is g
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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