ADAVALE RESOURCES LIMITED

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ADAVALE RESOURCES LIMITED (ASX: ADD)

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ADD: Successful Placement Facilitates Ongoing Drilling Program

ADAVALE RESOURCES LIMITED

$1.65 million raised through a placement to investors
$2 million to be raised through an entitlement offer for shareholders
Funds will be used for ongoing drilling program at Kabanga Jirani Nickel Project

2023-07-19 09:47:00

ADD: Assays Confirm Massive Nickel Sulphides at Luhuma Central

ADAVALE RESOURCES LIMITED

Adavale Resources Limited reports preliminary assay results for diamond drillholes at Luhuma Central Prospect revealing significant nickel sulphide intersections, including 4.13m at 0.99% Ni.
Drilling continues at Luhuma Central and HEM2, with a Downhole Electromagnetic (DHEM) survey team moving in to assist drilling of strike and depth extension of nickel sulphides.
Adavale's Executive Director, David Riekie, expresses optimism about the results and mentions the commencement of DHEM surveys to aid in drilling the estimated 1-1.5km extension.

2023-07-11 08:17:00

ADD: ADD Continues to Intersect Zone of Strong Nickel Sulphide

ADAVALE RESOURCES LIMITED

Adavale Resources intersects zone of nickel sulphide mineralisation over 4.90m in DDLUHC002 at Luhuma Central.
Mineralisation zone is ~60m up-dip from the massive sulphide intercept in the previous drill hole DDLUHC001, targeting the same AMT anomaly.
Drilling continues on DDLUHC002 to test a second AMT anomaly, with a second diamond rig drilling high priority targets at HEM2.

2023-06-19 08:24:00

ADD: Second Luhuma Central Hole Commenced at Kabanga Jirani

ADAVALE RESOURCES LIMITED

Diamond drilling of DDLUHC002 has commenced at Luhuma Central following massive sulphide intercept in DDLUHC001.
DDLUHC002 is expected to be drilled to approximately 400m to chase dip and strike extensions to the nickel-bearing massive sulphides.
A second diamond rig has also started drilling high priority targets at HEM2 in the Kabanga Jirani Nickel Project in Tanzania.

2023-06-08 08:17:00

ADD: Massive Nickel Sulphides Intersected at Kabanga Jirani

ADAVALE RESOURCES LIMITED

Massive Nickel sulphides discovered over 4.15m intersected at Adavale's Luhuma Central Prospecting Licence within the Kabanga Jirani Nickel Project.
The project is located near the high-grade Kabanga Nickel Sulphide Deposit, and diamond drilling is ongoing to outline potential extensions with priority targets.
Two diamond drill rigs are engaged in the program, and Adavale's Technical Director is confident in the exploration strategy and the prospectivity of other priority target areas.

2023-06-06 08:44:00

ADD: Geologically Significant Nickel Sulphide Licence Granted

ADAVALE RESOURCES LIMITED

Adavale Resources has been granted a key prospecting licence, Luhuma Central, within its Kabanga Jirani Nickel Project.
Luhuma Central covers 3.74km2 and contains a historical 8.4m intersection of massive sulphide grading 1.14% Ni.
Adavale has recently recommenced drilling, making Luhuma Central a high priority target in the current exploration program.

2023-05-22 08:24:00

ADD: Drilling Program Recommences - Kabanga Jirani Nickel Project

ADAVALE RESOURCES LIMITED

Drilling recommences at Kabanga Jirani Nickel Project with diamond drilling and reverse circulation rigs mobilized to the Luhuma trend location.
Initial drilling campaign includes a 5,000m mix of RC and DD, targeting priority areas such as the HEM 2 target and a 15km strike extension within the Luhuma trend.
Adavale Resources is an ASX-listed exploration company focused on battery materials projects, including the Kabanga Jirani Nickel Project.

2023-05-01 08:11:00

ADD: Nickel Sulphide Drill Targets and 15km Soil Anomaly Defined

ADAVALE RESOURCES LIMITED

New nickel sulphide targets have been found at the Kabanga Jirani Nickel Project, including a 15km soil anomaly, through recent soil geochemical surveys.
Drilling is set to recommence in April 2023, with a 5,000m RC/DDH drill program planned to test priority nickel sulphide targets.
The Kabanga Jirani project's new soil anomalies offer significant potential given their proximity to the large neighbouring Kabanga deposit owned by Lifezone and BHP.

2023-04-04 08:09:00

ADD: Financing Secured to Progress Kabanga Jirani Nickel Project

ADAVALE RESOURCES LIMITED

Adavale Resources Limited is raising $2 million through the issuance of unsecured convertible notes to new and existing groups of sophisticated and professional investors.
The funds will be used to progress drilling testing for priority nickel sulphide targets at the Kabanga Jirani Nickel Project in Tanzania, with drilling expected to resume in April.
The convertible notes will be issued in two tranches, with Tranche 1 comprising $990,000 and Tranche 2 subject to shareholder approval.

2023-03-15 10:34:00

ADD: Nickel Sulphide Host Rocks Intercepted at Kabanga Jirani

ADAVALE RESOURCES LIMITED

Initial stage diamond holes completed during December 2022 at HEM 4 and HEM 9 target areas
4 diamond holes totalling 1,471 m drilled over three target areas during 2022 including HEM 2 , all holes cased
HEM 2 drilling most promising, intersected rock types over broad intervals that host nickel sulphide deposits and downhole EM (DHEM) contractor organised to test the four completed drillholes during February 2023

2023-01-27 08:21:00

ADD: Strategic Expansion of Kabanga Jirani Nickel Project

ADAVALE RESOURCES LIMITED

Adavale increases its quality nickel exploration tenure in Tanzania.
Kabanga Southeast Wedge Prospecting Licence granted.
Adavale’s fully owned tenure covers an unrivalled 1,311km2 within the East African Nickel Belt of Tanzania.

2023-01-24 08:22:00

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ADAVALE RESOURCES LIMITED (ASX: ADD)

ADD: Successful Placement Facilitates Ongoing Drilling Program

ADAVALE RESOURCES LIMITED

ADD: Assays Confirm Massive Nickel Sulphides at Luhuma Central

ADAVALE RESOURCES LIMITED

ADD: ADD Continues to Intersect Zone of Strong Nickel Sulphide

ADAVALE RESOURCES LIMITED

ADD: Second Luhuma Central Hole Commenced at Kabanga Jirani

ADAVALE RESOURCES LIMITED

ADD: Massive Nickel Sulphides Intersected at Kabanga Jirani

ADAVALE RESOURCES LIMITED

ADD: Geologically Significant Nickel Sulphide Licence Granted

ADAVALE RESOURCES LIMITED

ADD: Drilling Program Recommences - Kabanga Jirani Nickel Project

ADAVALE RESOURCES LIMITED

ADD: Nickel Sulphide Drill Targets and 15km Soil Anomaly Defined

ADAVALE RESOURCES LIMITED

ADD: Financing Secured to Progress Kabanga Jirani Nickel Project

ADAVALE RESOURCES LIMITED

ADD: Nickel Sulphide Host Rocks Intercepted at Kabanga Jirani

ADAVALE RESOURCES LIMITED

ADD: Strategic Expansion of Kabanga Jirani Nickel Project

ADAVALE RESOURCES LIMITED