An update from Adavale Resources Limited ( (AU:ADD) ) is now available.
Adavale Resources Limited has announced the completion of a site visit to the Parkes Project, marking its fifth field campaign since acquiring the project in January 2025. The visit, led by consultant geologist Barry Willott, focused on reconnaissance at new prospects and follow-up exploration at existing sites, with 25 rock chip samples collected for analysis. The company’s ongoing exploration efforts are part of a multi-phase strategy aimed at identifying high-grade gold and copper mineralization, with a maiden drilling program scheduled for the second quarter of 2025. The recent appointment of David Ward to the board is expected to enhance technical leadership as Adavale advances its resource definition goals.
More about Adavale Resources Limited
Adavale Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold and copper resources. The company is actively engaged in projects within the Lachlan Fold Belt region, with a significant emphasis on the Parkes Project, which includes multiple prospects such as the historic London-Victoria Gold Mine.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.57M
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