Adavale Resources (ASX:ADD) has farmed-in to two more highly prospective licences contiguous to their six southernmost licences, adding a further 99km2 to the portfolio (1,311sq km).
The exploration company, targeting projects in the 'battery materials' space, holds 100% of the Kabanga Jirani Nickel Project, a portfolio of nine highly prospective granted licences covering ~1,212km2 along the Karagwe-Ankolean belt in Tanzania.
Adavale Resources says its licences were selected based on their strong geochemical and geophysical signatures from the previous exploration undertaken by BHP.
The company also holds exploration licences for their sedimentary uranium potential within the northern part of the highly prospective Lake Frome Embayment in South Australia.
Adavale Resources says it plans to continue exploring and drilling within their portfolio during 2023.