Adavale Resources update on 2024 exploration plans

Adavale Resources Limited (ASX: $ADD) is finalising its exploration program for 2024 at the Kabanga Jirani Nickel Project in Tanzania. The program includes detailed ground EM, drill testing, and evaluation of historical sulphide intersections. The company aims to capitalize on the encouraging results from the 2023 exploration work undertaken at the project.

Executive Director's Commentary on 2023 Exploration Work

The Company's exploration in 2023 provided a valuable understanding of the various exploration targets, in particular the Luhuma Central massive sulphide target. To date, all Luhuma Central drill holes drilled to planned depth have intersected nickel sulphide mineralisation within an EM anomaly with a 700m strike extent. HEM 4 was also tested in 2023 involving RC drilling of coincident soil and geophysical anomalies and remains highly prospective. The Company looks forward to 2024 where our initial focus will be at Luhuma Central, HEM 4, as well as other potential targets at HEM 2E and HEM2 NE. Longer term, the Company is keen to begin work on the multitude of other target areas identified by our regional geophysical surveys completed in 2022 and 2023.

Summary of 2024 Exploration Plans and Outlook

Adavale Resources is finalising its 2024 exploration program at the Kabanga Jirani Nickel Project in Tanzania, building on the insights gained from the 2023 exploration work. The program includes detailed ground EM, drill testing, and evaluation of historical sulphide intersections. The Company's Executive Director, David Riekie, expressed optimism about the upcoming focus areas for 2024, highlighting the potential targets at Luhuma Central, HEM 4, HEM 2E, and HEM2 NE. Adavale aims to leverage the regional geophysical surveys completed in 2022 and 2023 to identify and prioritize new targets for testing. The Company's ambitions include capitalizing on the wealth of targets generated by the regional geophysical surveys and progressing exploration on its uranium tenements in South Australia. Adavale Resources looks forward to a proactive and productive 2024 as it continues to advance its exploration efforts in the 'battery materials' space.