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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.038 0.001 (2.70%)+
Announcement
Release
26 Mar 2026 9:35AM
Price at Release
$0.037
Full Release
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Summary
Adavale Resources Limited has announced an expansion and acceleration of its drilling program at the London-Victoria Gold Mine, part of its Parkes Gold-Copper Project. The company aims to systematically expand the existing 115,000-ounce JORC 2012 Inferred Mineral Resource Estimate by adding a second drill rig to increase the pace and continuity of its drilling efforts. The initiative includes expanding geophysical surveys and conducting preliminary metallurgical testing as well as scoping studies to explore development pathways. The Victoria South Prospect, located along the strike to the south of the London-Victoria Pit, shows potential as an extension of existing mineralization. The company is also pursuing greenfields exploration through geophysical surveys and surface geochemistry to identify new targets.
Key Points
  • Expansion of 6,000m RC drilling program at London-Victoria.
  • Second RC drill rig secured for increased drilling pace.
  • Victoria South Prospect potential extension of known mineralization.
  • Drone magnetic survey and geophysical activities to refine targets.
  • Preliminary metallurgical testing to assess future recoveries.
  • Preliminary scoping studies for development pathways.
  • Focus on systematic, model-driven resource growth.
  • Geophysical surveys and surface geochemistry to pursue new discoveries.
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.