Adavale Resources Limited (ASX:ADD)

Engaged in high potential nickel and uranium exploration projects.

About Us

Adavale Resources Limited was established in 1969 and is headquartered in Sydney, New South Wales. It operates the Kabanga Jirani Nickel Project in Tanzania and the Lake Surprise Uranium Project in South Australia. The company is publicly listed on the ASX and endeavors to develop its projects in a manner that respects the environment and community standards.

Company Overview

Adavale Resources Limited (ADD) holds 100% of the Kabanga Jirani Nickel Project, a portfolio of nine highly prospective granted licenses covering ~1,212km2 along the Karagwe‐Ankolean belt in Tanzania. The six southernmost licences are proximal to the world‐class Kabanga Nickel Deposit (58Mt @ 2.62% Ni). Adavale has farmed‐in to two more highly prospective licences – Luhuma Nickel Project – contiguous to our six southernmost licences, adding a further 99km2 to the portfolio 1,311km2. Adavale’s licences were selected based on their strong geochemical and geophysical signatures from the previous exploration undertaken by BHP.

Board & Management

Grant Pierce

Grant Pierce

Non-Executive Chairman

Grant is a qualified mining engineer with 30 years of operating experience in both Australia and Africa. He has managed both open-pit and underground mines across a range of mineral commodities. In addition, he has held numerous senior development roles, taking green and brown field projects to either shovel ready status or into production.

David Riekie

David Riekie

Executive Director

David is an experienced director in the capacity of both Executive and Non-Executive roles of ASX listed companies. His career has spanned multiple continents. Within Africa Namibia, Tanzania, Eritrea, South Africa, DRC and Mozambique are notable. He has overseen exploration and resource development, scoping and feasibility studies, production optimisation, stakeholder engagement, acquisition programs and expansion initiatives.

John Hicks

John Hicks

Non-Executive Director

John is a qualified geologist with over 40 years’ experience in exploration and mining in Australia. John is regarded as a nickel sulphide specialist, having held various senior exploration and development roles on several major nickel sulphide projects in Western Australia.

Allan Ritchie

Allan Ritchie

Chief Executive Officer

Allan graduated from the University of Technology in Sydney in 1986 with a Bachelor of Business and subsequently attained a post graduate 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.

Leonard Math

Leonard Math

Chief Financial Officer & Company Secretary

Leonard graduated with a Bachelor of Business (Double Major in Accounting & Information Systems) from Edith Cowan University in 2003 and became a Chartered Accountant in September 2008. He has held multiple Director, CFO and Company Secretary roles in the resource sector, most recently being with Okapi Resources Limited and AVZ Minerals Limited, the latter giving him exposure to working in Africa.

Gerald Mturi

Gerald Mturi

General Manager (Tanzania)

Gerald is a qualified accountant, having commenced his career in 1996 with global energy company Total. He’s held the positions of Senior Mine Accountant and Country Manager for Resolute Mining Limited in Tanzania and more recently has been the Executive Secretary of the Tanzanian Chamber of Mineral and Energy.

Paschal Wadeya

Paschal Wadeya

Chief Geologist (Tanzania)

Paschal graduated from the University of Dar es Salaam in 2009 with a Bachelor of Geology and Mathematics. He has over 10 years experience in field exploration in a range of commodities including gold, iron ore, coal, graphite and nickel within various geological settings in Tanzania.

Adavale Resources Limited

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