Adavale Resources Limited (‘Adavale’ and or ‘Company’) to provide an update to shareholders on the development of the Kabanga Nickel Deposit, the world's large undeveloped high-grade nickel sulphide deposits and its relevance to Adavale's growing suite of nickel sulphide exploration assets. As recently announced through media and resource news organisations, Kabanga Nickel have signed a binding Framework Agreement (FA) with the Government of Tanzania (GOT) for the development of the Kabanga nickel deposit. Under the FA terms, a joint stock company called Tembo (owned 84% by Kabanga Nickel and 16% by GOT) has been formally established for the mining, processing and refining of Class 1 nickel with cobalt and copper co-products. Development of the Kabanga Nickel Deposit will bring infrastructure improvements to the area, along with the establishment of goods and service providers to support all aspects of the project including mining, processing and refining. With this level of infrastructure established, feasibility studies for the development of any nickel sulphide discoveries in the region are likely to benefit substantially in terms of cost reductions. Should this occur then Adavale would anticipate real capital cost reductions from introduction of relevant infrastructure; and operating cost reductions; and relevant investors and skilled workers to be drawn to this region.