• Noel Ong

Adavale Resources Limited (ASX:ADD) - Dominant landholding in the East African Nickel Belt.


Rooster Talk Episode 60 is with David Riekie, Executive Director - Adavale Resources Limited (ASX: ADD)


Focusing on the Dominant land holding in the East African Nickel Belt.


David Riekie, the Executive Director of Adavale Resources is here to update us on the exploration activities of the company. It has been a while since we had Adavale on the Samso platform.


This episode of Rooster Talk is all about the East African Nickel Belt.


As in all of the exploration stories that have merits, the process is usually lengthy and is filled with ups and downs.

Over the years of hearing all sort of stories, the ones that reap rewards have always been the nondescript types. Their process is always very subtle or even silent...and then a discovery happens. When that happens, investors get the feeling that it is an overnight success.


Trust me, it is never an overnight success. The easiest example is the discovery made by Galileo Mining Limited (ASX: GAL) - Galileo Mining Limited (ASX: GAL) - Palladium Discovery - Persistent Mineral Exploration Rewarded.


I do feel that Adavale falls into this type of category. Great exploration potential in a known Nickel belt. As we discover in this episode of Rooster Talk, Adavale is all about the East African Nickel Belt.




I have interviewed many companies with different stories but the ones that are most memorable are the green roots categories.


These are the stories that need strong minds and character, and a focused management for success. Management needs to be believers of the story.

As I heard from a recent podcast, Entrepreneurs need to believe their own Bull#@&t.


Adavale is a story that has been developing for over 12 months and if you look over the recent videos with Allan Ritchie, the focus on developing the Tanzanian assets has not changed.


Previous Videos with Adavale Resources Limited






In this episode, David highlights that the East African Belt is the key to the Adavale story. What we need to appreciate is that this belt could be the Kambalda Nickel Belt. Take some time out and watch what David has to share.


Chapters


00:00 Start

01:05 David updates.

04:59 How Geophysics is helping Adavale.

07:22 The refinement with Geophysics.

10:09 How should investors capture the ADD Story?

13:46 What has the feedback been from investors?

16:44 What is the Jurisdiction standing?

20:04 How has the market turbulence affected Adavale?

22:59 What is the News flow for investors?

24:26 Why Adavale?

25:51 Conclusion





PODCAST




Download this eBook


This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides).



About David Riekie - Executive Director

Adavale Resources Limited (ASX: ADD)


David is an experienced director in the capacity of both Executive and Non-Executive roles of ASX listed companies. His career has spanned multiple continents. Within Africa Namibia, Tanzania, Eritrea, South Africa, DRC and Mozambique are notable. He has overseen exploration and resource development, scoping and feasibility studies, production optimisation, stakeholder engagement, acquisition programs and expansion initiatives.


David most recently has served on the Boards of remote power generation and energy solutions specialist Zenith Energy Limited (ASX: ZEN) and independent uranium producer Paladin Energy Limited (ASX: PDN). David also served as interim CEO to Poseidon Nickel Limited (ASX: POS).


David holds a Bachelor of Economics and a Graduate Diploma of Accounting from Flinders University and has been a member of the Australian Institute of Chartered Accountants since 1986.


About Adavale Resources Limited (ASX: ADD)

Adavale Resources Limited (ADD) holds 100% of the Kabanga Jirani Nickel Project (“the Project”) consisting of six granted licences and one application covering nearly 1145km2. These licences are adjacent and along strike from the world’s largest undeveloped nickel sulphide resource, namely The Kabanga Deposit which contains a measured, indicated and inferred resource of 58Mt @ 2.62% Ni (Barrick and Glencore, 2014).


The ADD licences are located along a trend of mafic/ultramafic intrusions known as the Kabanga Musongati belt and contain Nickel Sulphide ores and PGE concentrations.


Project 1 – Nickel – Kabanga Jirani Nickel Project, Tanzania


Adavale Resources Limited also holds 100% of the Lake Surprise Project with three exploration tenements covering nearly 396 km2 within part of the highly prospective sedimentary uranium province within the northern part of the Lake Frome Embayment.

These tenements lie within a flat, semi-arid landscape located just to the north of the Flinders Range in South Australia. These include EL 5892 comprising 92km2 , EL 5893 comprising 167km2 and EL 5644 of 137km2. These are known as the:

  1. Jubilee Prospect

  2. Mookwarinna Prospect

  3. Canegrass Swamp Prospect

Project 2 – Uranium – Lake Surprise, South Australia


The Lake Surprise Project Area is located in South Australia, 550km north of Adelaide, and 70km East of Marree. The company holds 3 tenements, EL5892, EL5893, and EL5644 with a total area of 396 km2. Adavale explored the original tenements in this area between 2007 and 2011 with 486 holes drilled in that period.

 

Disclaimer


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