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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.040 0.006 (17.65%)+
Announcement
Release
7 Jul 2026 8:23AM
Price at Release
$0.034
Full Release
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Summary
Adavale Resources Limited announced promising results from ongoing drilling at the London-Victoria Gold Mine, indicating extended gold mineralisation beneath the historic 1.5km-long open pit. Drilling has returned significant gold intersections, supporting the company's strategy for resource expansion in the Lachlan Fold Belt. An updated Mineral Resource Estimate is anticipated, with continued exploration aiming to strengthen understanding of the deposit and expand potential opportunities within the Parkes Thrust corridor.
Key Points
  • Adavale Resources has reported additional gold mineralisation extending below the historic London-Victoria Open Pit.
  • Results from 14 reverse circulation drill holes have been released.
  • Key assay results include intersections such as 7m @ 2.42g/t Au from 147m, 5m @ 1.67g/t Au from 156m, and 4m @ 1.83g/t Au from 163m.
  • The drilling program is part of the company's resource expansion strategy in the Lachlan Fold Belt.
  • Adavale is planning an updated Mineral Resource Estimate for the London-Victoria Project.
  • The Parkes Thrust corridor is seen as a significant opportunity for district-scale growth.
  • Ongoing work includes additional drilling and metallurgical testing to support resource growth and development studies.
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.