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Adavale Resources Limited
Adavale Resources Limited (ADD) has ownership of the Kabanga North and North East concessions, covering over 400km2 adjoining the Kabanga Nickel Project located along the Karagwe-Ankoilean system in Tanzania. Historically owned by BHP Billiton (BHP), the Kabanga Nickel Project (“The Project”) is in a highly prospective nickel region which holds one of the world’s largest undeveloped high-grade nickel sulphide resources of 58Mt @2.62% Nickel. This project is the key asset of the company and will be the focus of the exploration drive in the short-medium term.
Project 1 – Nickel – Kabanga North, Tanzania
Adavale Resources Limited also holds three exploration licences 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 125km2 , EL 5893 comprising 295km2 and EL 5644 of 137km2. These are known as the:
- Lake Surprise Project
- Jubilee Prospect
- Mookwararinna Prospect
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Stocks of the Hour: Atlas Pearls, Adavale Resources, Horizon Minerals
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