Transcript:
David Rieckie:
Hi there, my name’s David Rieckie. I’m the Executive Director at Adavale Resources. We’ve recently put out an announcement where we’ve hit a intercept of 4m of massive nickel sulphide at Luhuma Central. This Grant Holding’s only been recently acquired, so we think this is a great endorsement of the prospectivity of this area and others that we’ve got.
We’re seeing that the intercept is between 1.5%, probably between 1% and 2% of nickel, which is a great first result for us. This has been the culmination of a lot of hard work over the best part of two years, which has been demonstrated in some of the successes that we’ve seen.
But it’s been now demonstrated with the drill core that we’re seeing at this point. We see this trend, this Luhuma trend extending over about 8km and this is actually meaningful when you take it into context that we’re sitting alongside a very globally significant nickel deposit in Kabanga, which is roughly 68 million tonnes at 2.62%. So we’re definitely in the right area and we think that this drilling has actually demonstrated the prospectivity that we’re we’re likely to have in these other areas of interest.
At this point in time. We see that two drill rigs going at the moment. We see a very healthy news flow over the next 4 to 6 weeks with assays looking to come out at the front end of July. So we see this as a meaningful opportunities for people to see an ongoing level of activity in our ground holding.
If there’s anything more that people want to know about this, we’ve got a very detailed website and please send us a note. Happy to answer questions and and take calls from people.
