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Adavale Resources Secures $2.65 Million for Gold Project Expansion

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Adavale Resources Secures $2.65 Million for Gold Project Expansion

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Adavale Resources Limited ( (AU:ADD) ) has provided an announcement.

Adavale Resources Limited has successfully secured $2.65 million through a placement to accelerate its drilling program at the Parkes Gold Project. The funds will be used to advance exploration activities, including a 10-hole drilling program at the London Victoria Gold Mine, aiming to increase the JORC Mineral Resource Estimate. The placement was well-supported by new and existing investors, highlighting confidence in the company’s prospects and its strategic focus on high-potential areas.

More about Adavale Resources Limited

Adavale Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company’s primary focus is on gold projects, particularly the Parkes Gold Project, which includes the London Victoria Gold Mine.

Average Trading Volume: 213,697

Technical Sentiment Signal: Sell

Current Market Cap: A$3.66M

For detailed information about ADD stock, go to TipRanks’ Stock Analysis page.

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