ADD 16.7% 0.3¢ adavale resources limited

Ann: Quarterly Activities and Cashflow Report, page-22

  1. 8,298 Posts.
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    I'd also like to school a few posters about BHP not being interested in a JV, while I agree with them, they failed to mention the other JV partner - who is very active in finding extensions and outside the main Kabanga lease too. Simple reason for Lifezone Metals (LZM.NYSE US$1 Billion market cap) wanting to find extensions outside the main Kabanga lease is that they receive a greater slice of the pie, not the current 40% but up to 84%.

    Highlighted yellow below is LZM's other leases they are actively exploring (which are entirely engulfed by ADD very bottom orange), they even claim Luhama (in green and where ADD are currently drilling) as still under application, ADD won it last year.

    While our friends are right about BHP not likely to show much interest in a JV, the same is opposite for Lifezone Metals (LZM.NYSE US$1 Billion market cap) - whether ADD are in contact with them and willing to do a JV deal (as I've suggested to them) is an entirely different debate.

    PS I also told ADD to do a lithium search as the ground is very fertile and there has been some discussion about it (hopefully, they listened).

    https://hotcopper.com.au/data/attachments/5689/5689302-aeef7db8334b8f1bfcd2dc967590d73b.jpg
    https://hotcopper.com.au/data/attachments/5689/5689331-e677ea4e2fe2bb382549375c98f47992.jpg

 
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