Adavale Resources company profile
Adavale Resources Ltd (ASX: ADD) is a mineral exploration and development company currently focused on its recently acquired, 100% owned, Kabanga Jirani Project in Tanzania. The project consists of six granted licences and one application covering nearly 1,145km2. These licences are adjacent and along strike one of the world’s largest and richest undeveloped nickel sulphide resource, namely the Kabanga Nickel Deposit, which contains a mineral resource of 58Mt @ 2.62% Ni.
The key elements of ADD strategy are as follows:
- Explore systematically all the targets defined through database compilation, geochemical surveys and electro-magnetic (EM) surveys and fast track to drilling
- Leveraged in the in-country expertise of the management team to progress the exploration and development of any mineral resource discovered
Key outcomes if successful
- Discovery of a potentially world class nickel sulphide deposit
- Leverage this discovery in the context of the development and operation of nearby Kabanga Nickel Deposit and expected rising nickel prices.