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Adavale Resources Limited ( (AU:ADD) ) has issued an update.
Adavale Resources Limited announced significant results from its maiden drilling program at the London Victoria Gold Mine, revealing the widest gold intercept in 30 years. The results indicate potential for resource expansion beyond the current JORC 2012 Resource, with mineralisation extending well beyond known boundaries. The company is planning Phase 2 drilling to further explore these extensions, aiming for substantial gold resource growth. With gold prices at all-time highs, Adavale is poised for a successful end to 2025, with multiple drilling programs and ongoing exploration activities.
More about Adavale Resources Limited
Adavale Resources Limited is an Australian junior explorer focused on gold and copper exploration in the Lachlan Fold Belt of New South Wales.
Average Trading Volume: 836,070
Technical Sentiment Signal: Sell
Current Market Cap: A$7.79M
For an in-depth examination of ADD stock, go to TipRanks’ Overview page.