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Adavale Resources Limited ( (AU:ADD) ) just unveiled an update.
Adavale Resources Limited has completed the acquisition of a 72.5% interest in the Parkes Gold-Copper Project, located in the Lachlan Fold Belt of NSW, Australia. This strategic acquisition includes four exploration tenements covering 354.15 square kilometers, which are highly prospective for orogenic, epithermal, and gold-rich porphyry-style copper-gold deposits. The completion of this acquisition and associated placement allows Adavale to further its exploration activities at the Parkes Project, aiming to upgrade the London-Victoria Historical Resource to a JORC-compliant Mineral Resource. This development marks a significant step forward in Adavale’s exploration efforts, with the company’s leadership and shareholders showing confidence through co-investment.
More about Adavale Resources Limited
Adavale Resources Limited is involved in the mining industry, focusing on the exploration and development of gold and copper deposits. The company operates primarily in the Lachlan Fold Belt region of New South Wales, Australia, with a strong emphasis on acquiring and advancing projects with significant mineral potential.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.08M
Learn more about ADD stock on TipRanks’ Stock Analysis page.
