Adavale Starts Exploration at Promising Luhuma Nickel Project

Adavale has begun exploration at the promising Luhuma Nickel Project, potentially expanding its resource portfolio.

Science

Adavale Begins Exploration at Promising Luhuma Nickel Project

By Xavier Roxy

July 5, 2024

140

Nordic Nickel's MJ3 Project is an impressive venture that spans 30 square kilometers of exploration licenses. This significant asset has the potential to be a game-changer in nickel sulfide mineralization, being highly prospective for both intrusive-hosted and komatiite-hosted variants. The project comes with an earn-in agreement, which gives Nordic Nickel the opportunity to acquire up to 75 percent of the project over two stages. 
 
This ambitious endeavor is backed by a team of seasoned professionals who bring their unique expertise from various sectors and have demonstrated excellence in their respective fields. 
 
Todd Ross, with over 26 years' experience in finance, derivatives, and corporate advisory within the natural resources sector, lends his financial acumen to this project. As former managing director and head of Western Australia for BNP Paribas, he brings valuable insights into project and acquisition financings across various commodities and jurisdictions. 
 
Marcello Cardaci adds legal strength as a former partner at Gilbert & Tobin's Corporate Advisory Group. With extensive experience advising on public and private equity fundraisings, M&A activities, capital raisings, etc., Cardaci’s contribution will undoubtedly prove vital throughout this venture. 
 
Robert Wrixon offers invaluable knowledge gleaned from his vast experience in corporate strategy mining M&A activities, as well as overseeing mineral exploration projects worldwide through Starboard Global Ltd., a company specializing in private equity investments related to metals and mining sector projects. 
 
Juho Haverinen brings hands-on fieldwork expertise with more than ten years’ worth spent planning mineral explorations primarily within Finland as head of exploration for Magnus Minerals Oy, demonstrating a deep understanding of Finnish geology crucial for success on local soil such as the MJ3 Project area. 
 
Aaron Bertolatti provides administrative oversight, drawing upon his chartered accounting background combined with solid administration skills honed during his fifteen-plus years working extensively with ASX-listed firms, ensuring robust governance structures are maintained while keeping finances under control. 
 
Vern Langdale, a mining veteran with 38 years of experience, brings in-depth knowledge from his diverse roles across the globe. Having overseen mine construction and operations even in challenging environments, he will ensure smooth execution on site. 
 
Pekka Tuomela provides local expertise developed over two decades working on exploration and mining projects within Finland and internationally. His deep understanding of Finnish environmental regulations and permitting regimes is crucial to navigating the project through bureaucratic hurdles while maintaining strong ESG and CSR sustainability practices. 
 
In conclusion, Nordic Nickel's MJ3 Project represents an ambitious step forward into nickel sulfide mineralization exploration. Backed by a team of highly experienced professionals who bring unique skills from different sectors, this venture has all the ingredients for success: combining financial acumen, legal prowess, strategic thinking, and hands-on geological expertise both locally and globally.


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