TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Adavale Resources Limited ( (AU:ADD) ) just unveiled an announcement.
Adavale Resources Limited has announced a maiden JORC 2012 Inferred Mineral Resource Estimate at the London-Victoria Gold Mine, totaling 115,000 ounces of gold, with a higher-grade core of 107,000 ounces. The company has commenced a drilling program at the site and has identified multiple high-priority exploration targets across its Parkes Project, supported by a recent capital raising of $3.238 million. These developments position Adavale to enhance shareholder value, particularly with the strengthened gold prices and advanced prospects in the Parkes region.
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 holds significant ground in the Parkes region and is involved in various exploration projects, including the London-Victoria Gold Mine and the Parkes Gold-Copper Project in the Lachlan Fold Belt, NSW.
Average Trading Volume: 1,282,986
Technical Sentiment Signal: Sell
Current Market Cap: A$4.02M
For a thorough assessment of ADD stock, go to TipRanks’ Stock Analysis page.