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ADAVALE RESOURCES LIMITED

ASX: ADD

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Description

Adavale Resources Ltd (Previously PocketMail Ltd) is an uranium exploration company with projects in South Australia and Indonesia. In SA the company has an interest in the Lake Surprise project.

LAKE SURPRISE

The Project Area is in South Australia, is situated 550 Km north of Adelaide, 70 Km East of Marree and covers 2705 Km2 on the northern flank of the Flinders Ranges. The Lake Surprise tenements cover an area that is prospective for uranium mineralization. Strong radiometric anomalies occur in the Project area and uranium minerals have been found. Known uranium ore bodies on the eastern side of the Flinders Ranges include Beverley, Honeymoon, Goulds Dam and Yarramba and the Mt Gee project lies in the northern Flinders Ranges about 60 Km from the Lake Surprise Project area. Rocks of the Flinders Ranges and surrounding areas are highly uraniferous and it is amongst the world’s most prolific uranium provinces. The targets are surficial uranium ore bodies in a number of suitable host rocks, and roll front style orebodies developed in both Tertiary and Mesozoic host rocks. A model similar to that being used by Eromanga Uranium is applicable to the Project area. The standard roll front model only considers reducing-oxidation (redox) conditions in relation to the solubilisation and the precipitation of uranium. The proposed model incorporates additional physico-chemical processes that influence the equilibrium between soluble and precipitated uranium. It also incorporates the input of uranium and other chemical species from artesian springs.

Indonesia

TAPAN

The Tapan project hosts a medium to high grade thermal coal resource located adjacent to the village of Tapan, approximately 200km’s south of the capital Padang.
Adavale Resources Limited has completed the acquisition of PPA – the company that held the Tapan concession – through Adavale Nusantara Resources (a wholly owned subsidiary). 
Prior to acquisition the company had carried out substantial exploration on the project and had identified a resource of 2.15Mt measured 1.5Mt indicated and 5.4Mt inferred.  This initial program was carried out on less than 20% of the concession area and follow on exploration is expected to substantially increase the size of the resource.

The proximity of the project to the world’s emerging markets is excellent. 

The company is in the process of expanding the resource base by acquisition and application for extensions of the existing portfolio.

Mine For

coal, uranium

Location of operation(s)

Indonesia, South Australia.

Address

Level 5, 151 Castlereagh Street
SYDNEY, NSW, AUSTRALIA. 2000

Phone

+61 2 8263-0515

Email

Website


Last Updated

25/04/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.