Tanzania – Africa
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.

LUHUMA CENTRAL
Adavale was awarded the Luhuma Central tenement in May 2023, with exploration commencing shortly after. Initial drilling focused on testing a historical BHP intercept of 8m @ 1.14% Ni, with the hole successfully intersecting massive nickel sulphides.


Subsequent drilling at Luhuma Central has been successful, with sulphides over 4.15m – 7.55m intersected in the first three holes. Downhole EM surveys are being completed on all holes to focus the next exploration stages.
Drillhole traces targeting AMT anomaly and planned drillhole DDLUHC004 targeting the modelled DHEM plate. The red squares show where sulphides have been intercepted to date. Colour image background represents gridded C25 (db/dt) from the NRG Xcite airborne EM survey.
Ongoing drilling and DHEM surveys will test strike extension within the 1.5km mafic-ultramafic intrusion at Luhuma Central.
HEM 2 and HEM 2NE – New Horizons
A second drill rig is currently deployed to test targets at HEM 2 and HEM 2NE, areas identified by gravity, geochemistry and Heli-EM for further assessment.
HEM 2 is along strike from Luhuma Central, with geochemistry indicating the prospects may be linked.

NEXT STEPS
The Company has an active exploration program planned for Kabanga Jirani, including the following:
- Expand diamond drilling at Luhuma Central
- Diamond drilling at HEM 2 & HEM2 NE
- RC drilling at HEM 2E & HEM 4
- Downhole EM on all diamond holes
- AMT at select targets
- Further assays during remainder of year
