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The latest update is out from Adavale Resources Limited ( (AU:ADD) ).
Adavale Resources Limited has completed the acquisition of a 72.5% interest in the Parkes Gold and Copper Project, expanding its presence in the highly prospective Lachlan Fold Belt in NSW. The acquisition, accompanied by a $1.675 million capital raise, positions the company to accelerate exploration activities, especially at the London-Victoria site, amid record gold prices. This strategic move is expected to enhance shareholder value and strengthen Adavale’s market positioning in the mining sector.
More about Adavale Resources Limited
Adavale Resources Limited is a company involved in the mining industry, focusing primarily on gold and copper exploration and development projects. The company is engaged in various exploration activities in Australia, with a significant focus on the Parkes Gold and Copper Project located in the Lachlan Fold Belt of New South Wales.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.08M
For a thorough assessment of ADD stock, go to TipRanks’ Stock Analysis page.
