Adavale Resources Limited
Adavale Resources Limited (ADD) holds 100% of the Kabanga Jirani Nickel Project (“the Project”) consisting of 7 granted licences plus
2 x “Luhuma” Farm-in licences contiguous to Adavale’s Kabanga North East adding a further 99km2 , totalling 1,244km2. 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 in the Mesoproterozoic Karagwe-Angkole belt along a trend of mafic/ultramafic intrusions known as the Kibaran Kabanga-Musongati alignment and contain Nickel Sulphide ores and PGE concentrations.
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.
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 6598 of 137km2. These are respectively known as the:
- Jubilee Prospect
- Mookwarinna Prospect
- Canegrass Swamp Prospect