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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.036 -0.009 (-19.10%)+
Announcement
Release
1 Jun 2026 8:22AM
Price at Release
$0.045
Full Release
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Summary
Adavale Resources Limited is advancing its exploration efforts within the Lachlan Fold Belt, focusing on gold and copper prospects in New South Wales, Australia. The company has consolidated exploration tenure across significant gold-bearing regions, including the London-Victoria Gold Mine and the Calarie project. The resource estimates for these areas indicate substantial gold deposits, with total resources reported as 4.67 million tonnes at an average grade of 1.11g/t gold, amounting to approximately 166,000 ounces. The exploration efforts include drilling campaigns and resource evaluations, with a focus on increasing resource confidence and potential upside in underexplored regions. Adavale is also expanding its focus to include uranium and nickel projects in South Australia and Tanzania respectively.
Key Points
  • Combined JORC Compliant Resources total 4.67Mt @ 1.11g/t (165,796 oz)
  • London-Victoria resource of 3.8Mt @ 0.95g/t Au (115,000 oz)
  • Calarie resource of 0.87Mt @ 1.83 g/t (50,796 oz)
  • Significant drilling results indicate high-grade gold intercepts
  • Potential for multiple south-plunging, fold-repeat lodes at depth
  • Exploration tenure consolidation enhances Adavale's access to projects
  • Exploration targeting gold and copper in NSW, uranium in South Australia, and nickel in Tanzania
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.