Research Thread

Hi All,

I thought I should start a thread to share my research as and when I consolidate it into written form. Since the new ADD board has taken control we have seen numerous positive moves in line with the refocus on nickel assets, including new applications on highly prospective ultramafic geology, tightening of expenses, removal of debt via conversion at a premium and protection from share dilution. Seeing as these guys are turning things around so quickly I figured I'll start with the Chairman, namely Grant Pierce.

Work Experience:

-Hamersley Iron Pty Ltd: Production Superintendent: Western Australia: 1991 – 1994

-Resolute Mining Ltd:

- Mines Superintendent: Australia: Higginsville Gold Mine: 1994 – 1997

- Operations Manager: Australia: Higginsville Gold Mine: Mar 1997 – Oct 1997

- Mining Manager: Tanzania: Golden Pride Project: 1997 – 1999

- Operations Manager: Tanzania: Golden Pride Project: 1999 – 2004

- Barrick Gold Corp: Executive General Manager Tanzania: 2004 – 2006

- Africo Resources Ltd: Country Manager: DRC: 2006 – 2008

- Albidon Zambia Ltd: General Manager: 2008 – 2009

- Perseus Mining Ltd: General Manager Operations: Ghana: Edikan Mine: 2010 – 2011

- Montero Mining/Exploration Ltd: Country Manager: Tanzania: 2011 – 2013

- Allied Resources Ltd: General Manager: Tanzania: Mar 2013 – Nov 2013

- EcoGraf Ltd: Country Manager Tanzania: 2013 – Jun 2020

- Adavale Resources Ltd: Non Executive Chairman: Aug 2020 –

Memberships/Volunteering/Honours

- Tanzanian Chamber of Minerals and Energy: Vice Chairman

- Wheelchairs for Kids Australia: Ambassador

- Vision of Hope Refuge Zambia: Founder

- Bridge2Aid Australia: Founding Director

- Australia-Africa Minerals & Energy Group (AAMEG): Board Member

- Rotary International: Member

- Order of Australia Medal 2003

- Tanzania’s Zeze Award 2006

- Development of Rural schooling/Golden Pride International Choir

Grant Pierce seems to be quite an outstanding individual, whether through securing and leading Greenfield's projects into mining, or supporting culture and quality of life for persons in Tanzania. The political ties especially are most important for ADD.

I'll update and move through to the other directors, asset geology, capital structure and nickel outlook when I can but if you want to start your own due diligence I suggest going through the T20 names, and also the Tanzanian mining portal map, find our tenements and compare to research papers on nickel geology in Tanzania i.e Kabanga https://portal.madini.go.tz/map/ (use google chrome)

Lastly, have you supported the SPP?