Adavale Resources Expands Uranium Exploration

Adavale Resources Limited (AU:ADD) has released an update.

Adavale Resources Limited has intensified its uranium exploration efforts by successfully completing the Kilonova acquisition, expanding its South Australian uranium tenements to approximately 5,100 km², and appointing expert consultants. The company’s recent exploration at Mundowdna has identified high-priority drill targets within a significant paleochannel, with plans to drill in the upcoming quarter. The focus on uranium comes as a strategic shift due to the current depressed nickel prices, suggesting a promising future for the company’s uranium prospects.

For further insights into AU:ADD stock, check out TipRanks’ Stock Analysis page.