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Adavale Resources Limited (ASX:ADD)

ALERT: Price-sensitive ASX Announcement for ADD
Current share price for ADD : $0.040 0.005 (14.29%)+
Announcement
Release
18 Aug 2026 8:05AM
Price at Release
$0.035
Full Release
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Summary
Adavale Resources Limited, an Australian junior explorer focused on gold and copper, announced exceptional assay results from their drilling program at the London-Victoria Gold Mine. The standout result was from hole ALRC076, which intersected 19m at 4.00g/t Au, including 1m at 52.6g/t Au, well outside the existing 115koz Mineral Resource Estimate. This result highlights the potential for significant mineralisation beyond current estimates. With 80 out of 85 drillholes' assays received, Adavale is nearing completion of an updated Mineral Resource Estimate, which will incorporate these new findings. The company plans further metallurgical testing and preliminary scoping studies to assess development pathways.
Key Points
  • Adavale Resources reported exceptional drilling results at London-Victoria Gold Mine.
  • The standout intersection was 19m @ 4.00g/t Au, including 1m @ 52.6g/t Au.
  • This intersection lies outside the existing 115koz Mineral Resource Estimate.
  • Results from 80 of 85 drillholes have been received.
  • Adavale plans to update the Mineral Resource Estimate incorporating new data.
  • Further metallurgical testing and scoping studies are planned.
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.