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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.039 -0.015 (-27.78%)+
Announcement
Release
23 Feb 2026 8:23AM
Price at Release
$0.054
Full Release
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Summary
Adavale Resources Limited, an Australian junior explorer, announced a significant exploration update for its recently acquired strategic tenure adjacent to the Parkes Gold-Copper Project in New South Wales. The company identified a strong chargeability anomaly from historical IP surveying at the Ashes Prospect, which extends across a newly secured tenure. The expanded landholding allows for an integrated interpretation of geophysical, structural, and historical datasets, enhancing exploration potential. High-grade rock chips coincident with the IP anomalies were reported, including significant values of gold, copper, and silver. The company aims to prioritize the Ashes and London-Victoria gold corridor prospects for further exploration work to exploit their potential for hosting additional mineralized zones.
Key Points
  • Strong chargeability anomaly identified at Ashes Prospect.
  • Expansion includes newly secured tenure allowing integrated interpretation.
  • High-grade rock chip samples reported at Ashes with notable gold, copper, and silver values.
  • Focus on Ashes and London-Victoria gold corridor for further exploration.
  • Adavale Resources aims to enhance exploration potential in the Lachlan Fold Belt.
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.