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Adelong Gold Retracts Historical Soil Data from Apollo Project Update

Story Highlights
  • Adelong Gold has withdrawn historical soil sampling data from its Apollo Project disclosure after ASX compliance advice.
  • A revised announcement removes the non-compliant geochemistry and confirms no new exploration results, focusing on regulatory clarity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Adelong Gold Retracts Historical Soil Data from Apollo Project Update

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3D Resources Limited ( (AU:ADG) ) has provided an update.

Adelong Gold Limited has retracted historical soil sampling data previously referenced in an announcement on its Apollo Gold-Antimony Project, after ASX advised the information could not be disclosed under the ASX Listing Rules and the JORC Code. The company has issued a revised version of the announcement with the non-compliant historical soil geochemistry removed and stressed that the retracted information should not be relied upon, while confirming that no new exploration results are being reported in this correction, which primarily affects the transparency and regulatory compliance of its project disclosures rather than its underlying exploration activities.

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 ASX-listed gold exploration and development company focused on advancing its 100%-owned Apollo Gold-Antimony Project, which includes historic workings such as Meade’s and Woolf’s/Falke’s open cuts. The company’s activities centre on exploration drilling and geochemical programs aimed at defining and extending gold mineralisation within this project area in Australia.

Average Trading Volume: 10,064,489

Technical Sentiment Signal: Sell

Current Market Cap: A$23.1M

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

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