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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.041 -0.009 (-18%)+
Announcement
Release
17 Nov 2025 8:24AM
Price at Release
$0.050
Full Release
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Summary
Adavale Resources Limited has announced significant findings from their structural mapping and analysis of the London-Victoria open pit, part of the Parkes Gold-Copper Project in New South Wales. The company, now led by Managing Director David Ward, has completed the first modern structural study since BHP Gold operated there 30 years ago. This study, conducted by structural geologist Ian E. Neilson, revealed a major shear zone controlling gold mineralisation, which suggests substantial resource growth potential. Adavale plans to begin a targeted drilling program to explore these high-priority zones. This enhanced understanding of the geological controls has identified strong potential for additional mineralised shoots both at depth and along strike, positioning Adavale for a possible major new discovery.
Key Points
  • Adavale completes first modern structural study at London-Victoria since BHP Gold.
  • Major shear zone identified as primary control on gold mineralisation.
  • Significant resource growth potential suggested by new structural data.
  • Upcoming drilling program to target high-priority zones.
  • David Ward, with a track record in the Lachlan Fold Belt, leads the campaign.
  • Potential for additional mineralised shoots identified at depth and along strike.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.