If ADD were somehow to be involved with the Kabanga Nickel...

If ADD were somehow to be involved with the Kabanga Nickel project, then that would be transformational for the company! I don't believe ADD had actually submitted any applications in respect of the project though, so I doubt the contracts will directly involve us.

The following is from the ADD website regarding the Kabanga Nickel Project:
https://www.adavaleresources.com/nickel-kabanga-tanzania/


Looks like ADD had only got around to trying to find potential JV partners to tender for the project?

Regardless of whether the contracts involve ADD or not, IMO this most definitely should positively influence our future share price given:

• ADD's nearology to the world-class Kabanga Nickel project, with a number of ADD's tenements surrounding the Kabanga Nickel project:

• Un-mothballing the Kabanga Nickel project is a good indication that a Nickel mine in this part of the world should be feasible at current Nickel prices;
• ADD may be able to piggyback on any future transport routes built by the operators of the Kabanga Nickel project;
• ADD may enter into Joint Venture arrangements with nearby operators to help explore their multiple tenements; and
• In the event of ADD proving up its own Nickel resources, it may eventually be acquired by the operators of the Kabanga Nickel project.

AIMO and DYOR, however, I am looking forward to seeing who is granted the contracts for the Kabanga Nickel project and how it could benefit ADD in the future. GLT