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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.038 -0.006 (-13.64%)+
Announcement
Release
22 Dec 2025 8:25AM
Price at Release
$0.044
Full Release
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Summary
Adavale Resources Limited announced the completion of their Phase 2 high conviction drilling program, involving 2,411 meters over 12 holes at the London-Victoria Mine, as part of efforts to enhance and expand their resource base. The program, managed by David Ward, focused on validating structural controls and expanding the JORC Mineral Resource Estimate (MRE). Samples have been dispatched for analysis, with results anticipated in early 2026. Efforts are also underway at additional prospects, including Corner and Parkvale South, with further work planned to continue exploring and confirming the mineralization potential.
Key Points
  • Phase 2 RC drilling completed with 2,411 meters over 12 holes at the London-Victoria Mine.
  • The drilling targeted resource growth and aimed to validate structural controls on gold mineralization.
  • Samples were dispatched in two batches, with results expected in early 2026.
  • David Ward, Managing Director, managed the drilling program.
  • Additional work included ground magnetics and surface sampling at Corner and Parkvale South prospects.
  • The drilling follows strong results from previous drilling, with significant targets remaining untested.
  • Further work will focus on a comprehensive understanding of structural controls and resource expansion.
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.