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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.038 0.002 (5.56%)+
Announcement
Release
9 Jul 2026 8:22AM
Price at Release
$0.036
Full Release
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Summary
Adavale Resources Limited announced the consolidation of the Ashes Prospect Area with the grant of EL9918 and the transfer of EL9178. This consolidation strengthens Adavale’s position in the Lachlan Fold Belt, a significant mining jurisdiction in Australia. The new surface sampling at Ashes returned high-grade gold, copper, and silver results, including 9.2g/t Au, indicating promising exploration potential. The company now controls a continuous belt-scale gold-copper position from London-Victoria to Calarie, allowing for efficient exploration and advancement of both near-mine and district-scale discovery opportunities. The focus is on systematic exploration efforts, including geophysical surveys and first-pass drilling, to unlock the full potential of the Parkes Project.
Key Points
  • EL9918 granted, finalising consolidation of Ashes Prospect Area.
  • Transfer of EL9178 provides control over the southern London-Victoria Shear Zone.
  • High-grade surface sampling results at Ashes, including 9.2g/t Au.
  • Adavale now holds a consolidated belt-scale gold-copper position.
  • Plans for systematic exploration across the Parkes Project.
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.