Adavale Resources Limited Stock

Adavale Resources Limited is engaged in the business of mineral exploration in Australia for gold and uranium and Tanzania for nickel. Its Gold and Copper Project in Parkes consists of five granted exploration licenses that are highly prospective for Au-Cu, located adjacent to the giant Northparkes copper-gold mine. It holds the Kabanga Jirani Nickel Project, a portfolio of 13 granted licenses along the Karagwe-Ankolean belt in Tanzania. The nine southernmost licenses are proximal to the Kabanga Nickel Deposit. It holds 100% of all licenses, except two licenses known as the Luhuma-Farm-in are held at 65%, adding 99 km2, bringing the portfolio to 1,315 sq km. It also holds five granted exploration licenses prospective for its sedimentary uranium potential within the northern part of the Northern outwash from the Flinders Ranges in South Australia and four exploration license applications east of Ceduna on the Eyre Peninsula, increasing its uranium tenement holdings to 4,959 km2.