Rooster Talk: Nickel sulphide in Tanzania - Adavale Resources

In this episode of Rooster Talk, Adavale Resources Limited (ASX:ADD) CEO Allan Ritchie reiterates the commitment by management to ensure a methodical approach to exploration in Tanzania. The drilling program is still on schedule to start in June. A unique aspect of management in Adavale Resources is that they are being paid in shares. I like this as it aligns everyone with the shareholders. Chapters 00:10  Introduction 00:38  Update from Allan Ritchie 04:54  Management quality 08:54  Why Tanzania is a good place to be now. 13:06  News flow 16:22 Conclusion The ongoing field exploration in Tanzania has highlighted some interesting results within the target areas. The continuing geophysical interpretation is preparing the company for 15 targets that will be of interest when drilling commences. We will deliver drilling in June and imminent results will give shareholders some joy for their patience. PODCAST: Download this eBook This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulphides). About Allan Ritchie Adavale Resources Limited, chief executive officer Allan Ritchie graduated from the University of Technology in Sydney in 1986 with a Bachelor of Business and subsequently attained a postgraduate Diploma in Applied Finance from the Financial Services Institute of Australia. Allan’s distinguished career spans 30 years in both the energy and resources sectors, in investment banking and leadership roles in both private and publicly listed companies. Allan currently serves as a non-executive director of ASX listed Hydrocarbon Dynamics Limited (HCD:ASX) and has previously served as executive director and deputy CEO of HK Listed energy group EPI Holdings Limited (0689.HKEX). Allan’s investment banking background includes structuring commercial transactions in the energy and resources sector. Senior roles include positions within Westpac, ANZ Bank, HSBC and BNP Paribas in Australia, London, New York and Asia Pacific. Allan’s career achievements have been recognised several times in BRW’s annual poll of bankers. About Adavale Resources Adavale Resources Limited (ASX:ADD) holds 100% of the Kabanga Jirani Nickel Project consisting of six granted licences and one application covering nearly 1145 square kilometres. 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 along a trend of mafic/ultramafic intrusions known as the Kabanga Musongati belt and contain nickel sulphide ores and PGE concentrations. Project 1 – Nickel – Kabanga Jirani Nickel Project, Tanzania Adavale Resources also holds 100% of the Lake Surprise Project with three exploration tenements covering nearly 396 square kilometres 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 92 square kilometres, EL 5893 comprising 167 square kilometres and EL 5644 of 137 square kilometres. These are known as the: Jubilee Prospect Mookwarinna Prospect Canegrass Swamp Prospect Project 2 – Uranium – Lake Surprise, South Australia The Lake Surprise Project Area is located in South Australia, 550 kilometres north of Adelaide, and 70 kilometres east of Marree. The company holds three tenements, EL5892, EL5893, and EL5644 with a total area of 396 square kilometres. Adavale explored the original tenements in this area between 2007 and 2011 with 486 holes drilled in that period. Please let Samso know your thoughts and send any comments to info@Samso.com.au. Remember to Subscribe to the YouTube Channel, Samso Media and the mail list to stay informed and make comments where appropriate. Other than that, also feel free to provide a Review on Google. For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au. About Samso Samso is a renowned resource among the investment community for keen market analysis and insights into the companies and business trends that matter. Investors seek out Samso for knowledgeable evaluations of current industry developments across a variety of business sectors and considered forecasts of future performances. 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