Adavale Resources

South Australia Uranium Portfolio

Why Invest?

Home

Updates

Market Data

Investor Presentations

Company Reports

Announcements

Capital Structure

Research Reports

Investor Hub

Kabanga Jirani and Luhuma Nickel Project

Parkes - NSW Gold & Copper

Our Projects

Leadership

Corporate Policies

Corporate Overview

About Us

Open Sans

Welcome to Adavale Resources

Confirmation of targets areas on EL6553 followed by preparation of an exploration program

Interpretation of Exploration program results on Mundowdna Uranium Project (completed April 24)

Land access and notice of entry forms for EL6553

Delineation of extensions to the prospective areas – soil sampling/surface sampling to refine drill targets.

Prepare drill program + cultural surveys/submissions of EPEPR + associated statutory documents.

Drilling programs designed to determine uranium mineralisation potential (EL 6553/Mundowdna)

Adavale controls a significant uranium tenement portfolio of 11 licences,

with a footprint covering ~4,959km2 in two prospective regions in South Australia, namely:


7 licences over 2,513km2 on the northern flank of the Flinders Ranges.  550km north of Adelaide and 25km east of Marree. A proven uranium province hosting multiple mines and deposits – 90km from Beverly & Four Mile Uranium mine

4 licences over 2,446km 2 include paleochannels with demonstrated high grade uranium prospectivity. Uranium interpreted source is from the Hiltaba granites (including the high-grade Yarranna deposit (850ppm to 3,550ppm U3O8)

The Adavale tenements cover an area that is prospective for sandstone hosted roll-front uranium mineralisation. Strong radiometric anomalies occur in the Project area and uranium minerals have been found in outcrop.

Known uranium orebodies on the eastern side of the Flinders Ranges include Beverley, Honeymoon, Goulds Dam and Yarramba, and the Mt Gee project. Several of these projects lie in the northern Flinders Ranges about 60 km from the Company’s project areas.

Majority of tenure in northern Flinders Ranges prospective for Uranium has already been secured. Major ground holdings are dominated by large private/public unlisted companies (Heathgate/Tri Star). Adavale and Orpheus are the only ASX-listed companies in the northern geological region.

Acquisition of EL6553 (Mundowdna South East and MacDonnell Creek) covering 456km2 is strategically located and proximal to the Company’s Mundowdna South and Lake Surprise Uranium Projects. Previous exploration activities identified several pathfinder and anomalous uranium target areas including uranium intercepts: 

1.0 metre at 263ppm eU3O8 and 0.65m at 235ppm eU3O8

. EL6553 includes the Eyre and Namba Formations, that host sedimentary roll-front uranium occurrence including the nearby Beverley and Honeymoon uranium deposits. 

The newly acquired EL6890 (The Hook) covering 599km2 has secured a contiguous ground holding that includes the extension of the interpreted paleochannels trending north

Originally the Sentinel 2 satellite imagery was analysed and compared with Gravity and Tempest EM anomalies

Analysis highlights palaeochannels forming fan from northern Ikara -Flinders Ranges

All major uranium deposits in region are found in this environment

Soil sampling, gravity and gamma surveys to refine targets completed (results in June)

Transects (denoted in pink) utilised existing tracks, no special permits required (covered ~ 80+ line km)

Ground disturbance applications underway and heritage discussions will enable pathway to next phase of exploration (drilling)

Adavale acknowledges the Dieri and the Adnyamathanha as Traditional Custodians of the land on which our current works are located. With respect to Elders past, present and emerging, Adavale is committed to conducting its activities with respect to the communities in which it operates.

George Creek and MacDonnell Creek Prospects