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.
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