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Adavale Resources Secures Strategic Tenement Adjacent to Parkes Project

Story Highlights
  • Adavale Resources focuses on gold and copper exploration in NSW’s Lachlan Fold Belt.
  • Adavale secures EL9785, enhancing exploration potential near historic Koh-I-Noor mine.
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Adavale Resources Secures Strategic Tenement Adjacent to Parkes Project

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Adavale Resources Limited ( (AU:ADD) ) just unveiled an announcement.

Adavale Resources Limited has announced the successful granting of EL9785, a strategic 17.24 square kilometer tenement adjacent to its Parkes Project in New South Wales. This area includes the historic high-grade Koh-I-Noor mine, which has shown significant gold yields, and presents potential for further exploration and mining activities. The granting of this tenement reinforces Adavale’s commitment to expanding its gold and copper exploration efforts in the region, potentially enhancing its industry positioning and offering promising opportunities for stakeholders.

More about Adavale Resources Limited

Adavale Resources Limited is an Australian junior exploration company focused on gold and copper exploration in the Lachlan Fold Belt of New South Wales. The company is a significant ground holder in the region, with over 371 square kilometers of tenure overlaying sections of the highly prospective Macquarie Arc Volcanics, known for hosting world-class mines.

Technical Sentiment Signal: Sell

Current Market Cap: A$3.43M

Find detailed analytics on ADD stock on TipRanks’ Stock Analysis page.

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