Adavale Resources Limited · ASX:ADD
Adavale Resources — Investor Presentation (February 2024)
21 slides from Adavale Resources's investor presentation, Feb 5, 2024
Slide 1: Future Energy Minerals: Nickel and Uranium Exploration
For personal use only Future Energy Minerals Nickel and Uranium Exploration FEBRUARY 2024
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: Investment Highlights
Investment Highlights For personal use only Uranium Nickel Corporate • 1,700km2 landholding in South • 1,315km2 landholding surrounding Australia world’s largest ‘under development’ • Experienced in country exploration team with deep Tanzanian • Uranium mining friendly state high-grade NiS project -
Slide 5: Corporate Overview
Corporate Overview ADD 1,025m 0.7c Grant Pierce Non-Executive Chairman Mining engineer with ED, NED, GM experience. Strong and long-standing affinity with Tanzania ASX Code Shares* Share Price (2 Feb 24) For personal use only David Riekie $7.2m ~$2.5m ~6% Executive Director Corporate experience, ASX
Slide 6: 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 7: 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 8: Luhuma Central
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 9: Luhuma Central - Massive nickel sulphide intersections
Luhuma Central - 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
Slide 10: 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 11: HEM4 + HEM4 West - RC Drilling confirms regional prospectivity
HEM4 + HEM4 West - RC Drilling confirms regional prospectivity Drilling completed for initial RC drilling at HEM4 + HEM4 West For personal use only • High priority target areas identified • 9-hole RC program completed(~1,900m) average depth ~150m • 6 RC holes intersected prospective Mafic lithologie
Slide 12: 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 13: 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 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: Uranium Price – Shaw and Partners forecasting US$150/lb
Uranium Price – Shaw and Partners forecasting US$150/lb 120 Uranium price has For personal use only 100 strengthened over 100% since mid-2023 80 U3O8 Price (US$/lb) 60 40 20 0 23-Jan-20 23-Jul-20 23-Jan-21 23-Jul-21 23-Jan-22 23-Jul-22 23-Jan-23 23-Jul-23 23-Jan-24
Slide 16: 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 17: Mundowdna Uranium Target Areas
Mundowdna Uranium Target Areas Sentinel 2 satellite imagery interpretation highlights paleochannels For personal use only Sentinel 2 satellite imagery analysed Analysis highlights palaeochannels forming fan from northern Flinders Ranges All major uranium deposits in region are found in this environm
Slide 18: Mundowdna Uranium Target Areas
Mundowdna Uranium Target Areas Gravity and EM data correlates with satellite data GRAVITY For personal use only Data processed using first vertical derivative (1VD) 1VD gravity lows are coincident with interpreted paleodrainage May represent thicker catchment ‘pockets’ within the palaeochannels TEMP
Slide 19: Mundowdna Uranium Target Areas – Next Steps
Mundowdna Uranium Target Areas – Next Steps Surface soils, gravity and gamma surveys to be undertaken For personal use only Initial plan is to undertake soil sampling, gravity and gamma surveys to refine targets (3-4 week program) Transects (denoted in pink) will utilise existing tracks, no special
Slide 20: Investment Highlights
Investment Highlights For personal use only Uranium Price Increasing Adavale is leveraged to increases in the uranium price Uranium Newsflow Surface exploration to commence within weeks, with drilling to follow Demonstrated nickel rich region Proximal to high-grade nickel sulphide resources in the E
Slide 21: 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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