Adavale Resources Limited (ASX:ADD) - The East African Nickel Belt.

Coffee with Samso Episode 151 is with David Riekie, Executive Director - Adavale Resources Limited (ASX: ADD)

 

Focusing on a discovery in the East African Nickel Belt.

 

David Riekie, the Executive Director of Adavale Resources is now sharing with us on the latest activities with the company.

 

The company is currently completing a fund raising exercise and it gives current shareholders a great opportunity to participate. There appear to be a lot of exploration activities happening in the coming months.

 

David gives us break down on what is happening with Adavale as they move into another period of exploration activities. As the company move into the next phase of exploration, David explains why the East African Nickel Belt is important and why Adavale will be benefiting from the lack of historical exploration.

 

As I decipher the conversation, I feel that Adavale is benefiting from a dominant land holding in this nickel belt. There are not too many stories where a small cap company is holding this position.

 

The nearest analogy for me is when the Yamarna Greenstone Belt was predominantly controlled by the Gold Road Resources Limited. They held a similar dominant position like Adavale. That land holding has now allowed the company to be the owner of over 9M ounces of gold.

 

 

Chapters:

 

00:00 Start

00:20 Introduction

01:05 Updates about fundraising

02:45 Follow up on plans from previous discussion

04:45 Explanation on conceptual model of EM signatures in Kabanga

08:39 Interpreting the images from the presentation

11:56 Is the East African Nickel Belt a belt worth looking at?

14:42 Comments on BHP investing in the Kabanga project.

17:34 Thoughts on comparison to Gold Road?

19:32 Is this the start of consolidation period of producers in the base metals space?

23:03 Comments on being in a belt that is not well explored?

26:11 Thoughts on the Nickel market?

30:18 News flow for Adavale

32:03 Prediction on discovery holes

34:02 Why Adavale?

36:13 Conclusions