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Adavale Resources Limited ( (AU:ADD) ) has shared an announcement.
Adavale Resources Limited has completed the acquisition of a 72.5% interest in the Parkes Gold and Copper Project, located in the Lachlan Fold Belt of NSW, Australia. This acquisition includes the London-Victoria Gold Mine, which has a historical estimate of 3.70 million tonnes at 1.04 grams per tonne of gold. The company has also conducted a geochemical survey at the Ashes and Myalls Prospects, yielding high-grade assay results, and plans to begin a maiden drilling program in the second quarter of 2025. The appointment of experienced geologist David Ward as Non-Executive Technical Director is expected to strengthen the company’s technical leadership as it moves into resource definition and development planning.
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 projects. The company’s primary market focus is on the Lachlan Fold Belt in New South Wales, Australia, which is known for its rich deposits of gold and copper.
Technical Sentiment Signal: Buy
Current Market Cap: A$3.43M
For a thorough assessment of ADD stock, go to TipRanks’ Stock Analysis page.