MakCorp recently interviewed Executive Director David Rieke of ADAVALE RESOURCES LTD (ASX: ADD) to hear their story, strategy and plans.
Adavale holds a dominant nickel licence portfolio within the East African Nickel Belt of Tanzania, with 1315sqkm held either 100% or under joint venture. Utilising a dedicated methodology and considered exploration program, Adavale has generated numerous priority Ni target areas within the portfolio.
Adavale’s tenements are adjacent & along strike from the world’s largest undeveloped high-grade Kabanga nickel sulphide deposit, which contains a mineral resource of 58Mt @ 2.62% Ni.
Kabanga Jirani is located along the Kabanga-Musongati mafic-ultramafic alignment within the Meso-Proterozoic Karagwe-Ankole Belt (age ~1350 to 1400Ma), prospective for Ni, Cu, Co, Cr and PGE’s. It is a notable setting, with similarities to the Thomson Nickel Belt, Raglan and Voisey’s Bay deposits in Canada & IGO’s Nova project in the Albany-Fraser Belt in Western Australia.
Adavale Resources Limited also holds 100% of the Lake Surprise Project being three exploration tenements covering nearly 400 km2 within part of the highly prospective sedimentary uranium province within the northern part of the Lake Frome Embayment. For more information, visit their website at https://bit.ly/3QIMFx6
