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Adavale Resources Limited ( (AU:ADD) ) has issued an announcement.
Adavale Resources has completed a 2,411-metre Phase 2 reverse circulation drilling program across 12 holes at the brownfields London-Victoria Gold Mine, targeting extensions of known mineralisation below the existing pit and aiming to grow the current 3.14Mt at 1.06g/t Au resource. Supported by new structural modelling and historical BHP Gold data, the campaign is designed to validate structural controls, test potential fold repeats and southern plunges of the orebody, and underpin further resource expansion, scoping studies and metallurgical work planned for 2026, positioning the project for potential near-term production while parallel exploration advances at the Corner and Parkvale South prospects.
More about Adavale Resources Limited
Adavale Resources Limited (ASX: ADD) is an Australian junior exploration company focused on gold and copper projects in the Lachlan Fold Belt of New South Wales. Its flagship asset is the Parkes Gold-Copper Project, which includes the brownfields London-Victoria Gold Mine, where the company is working to expand its JORC-compliant mineral resource and evaluate near-term development options amid supportive gold market conditions.
Average Trading Volume: 1,281,981
Technical Sentiment Signal: Sell
Current Market Cap: A$11.84M
For an in-depth examination of ADD stock, go to TipRanks’ Overview page.