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3D Resources Limited ( (AU:ADG) ) has shared an announcement.
Adelong Gold Limited has entered into an unconditional agreement to sell a non-core residential property in Adelong, NSW, for $455,000, with proceeds to be used for exploration at the Apollo and Lauriston Gold Projects. This sale aligns with Adelong’s strategy to monetize non-core assets and fund exploration without shareholder dilution. Additionally, the processing of remnant ore stocks has commenced at the Challenger Gold Mine, with the first gold pour expected soon, marking a significant operational milestone for the company.
More about 3D Resources Limited
Adelong Gold Limited (ASX:ADG) is an Australian mineral exploration company focused on gold production at its flagship Adelong Goldfield Project in New South Wales and high-grade exploration at the Apollo and Lauriston Gold Projects in Victoria. The company also holds a strategic lithium portfolio in Brazil, providing exposure to the global energy transition.
Current Market Cap: A$8.38M
For a thorough assessment of ADG stock, go to TipRanks’ Stock Analysis page.