Adelong Gold Finalises Sale of Challenger Mines Stake While Retaining Royalty Upside

An announcement from 3D Resources Limited ( (AU:ADG) ) is now available.

Adelong Gold Limited has completed the sale of its remaining 49% interest in Challenger Mines Pty Ltd to Great Divide Mining Limited, receiving 10 million fully paid ordinary GDM shares as consideration and bringing the Challenger joint venture to an end following shareholder approval and satisfaction of all regulatory and third-party conditions. Alongside termination, settlement and escrow arrangements, Adelong retains a 1% net smelter return royalty on future gold production from the Challenger Gold Project, capped at 125,000 ounces, allowing the company to streamline its asset portfolio, focus capital on its Victorian gold and Brazilian lithium projects, while preserving upside exposure to Challenger’s potential production for shareholders.

The most recent analyst rating on (AU:ADG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on 3D Resources Limited stock, see the AU:ADG Stock Forecast page.

More about 3D Resources Limited

Adelong Gold Limited is an Australian mineral exploration company focused on advancing high‑grade gold and antimony projects in Victoria, including the Apollo and Lauriston Gold Projects, both acquired in 2025 and located in the highly prospective Melbourne Zone near notable deposits such as Costerfield, Sunday Creek and Fosterville. The company also holds a strategic portfolio of lithium tenements in Brazil’s ‘Lithium Valley’ and Borborema Region, giving it exposure to the global energy transition through early-stage lithium pegmatite exploration alongside its core precious metals strategy.

Average Trading Volume: 8,517,467

Technical Sentiment Signal: Sell

Current Market Cap: A$25.67M

See more data about ADG stock on TipRanks’ Stock Analysis page.