Transcript:
David Riekie:
Hi there. My name is David Riekie. I’m actually the Executive Director at Adavale Resources.
And you’re joining me here on the beautiful Gold Coast. We are at the RIU Investment Showcase conference. Beautiful setting, fantastic opportunity.
Looking now at expanding on the recent successes we’ve had with the drill bit, which is fantastic news and a validation indication of the hard work we’ve put in over many months, culminating in some two massive sulphide intercepts at around about 230 meters in two locations.
Stepping out across an east west basis, we see that those opportunities have been replicated. We’re now getting the drill rigs ready to migrate further north and south, which will step us out over a probably one to one and a half kilometre strike length. Fantastic news for us. Good grade, massive, massive sulphide is what we want to see in this drill bit.
We’re taking this opportunity to go further south with HEM2. That area I just spoke about previously was Luhuma Central. HEM2 is about 10 km further south. And if we can string that together, we’ve got something of some real merit which will start to see us re rated very quickly on the basis that we’re in a very, very prolific area. Nickel sulphide situated right alongside Kabanga, 60 million tonnes at 3%. And we’d to try and emulate that over pretty short time.
