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Adavale Resources Limited
(Sydney:ADD)
Adavale Resources Limited (ADD) vs. iShares MSCI Australia ETF (EWA)
Adavale Resources Limited Business Overview & Revenue Model
Adavale Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.80K | 43.80K | 103.64K | 0.00 | 0.00 | ― |
| Gross Profit | 33.76K | 43.80K | 103.64K | -27.71K | -27.15K | -2.90K |
| EBITDA | -3.95M | -3.95M | -4.57M | -4.55M | -4.64M | -2.01M |
| Net Income | -4.05M | -4.05M | -4.70M | -4.95M | -4.67M | -2.05M |
Balance Sheet | ||||||
| Total Assets | 286.52K | 286.52K | 360.69K | 1.07M | 505.74K | 1.47M |
| Cash, Cash Equivalents and Short-Term Investments | 200.79K | 200.79K | 280.30K | 893.47K | 391.39K | 1.42M |
| Total Debt | 0.00 | 0.00 | 0.00 | 1.94M | 0.00 | 1.00M |
| Total Liabilities | 325.04K | 325.04K | 72.52K | 2.13M | 294.76K | 474.83K |
| Stockholders Equity | -38.51K | -38.51K | 288.17K | -1.06M | 210.97K | 997.92K |
Cash Flow | ||||||
| Free Cash Flow | -1.81M | -1.81M | -4.38M | -4.36M | -4.35M | -1.32M |
| Operating Cash Flow | -1.82M | -1.81M | -4.38M | -4.35M | -4.26M | -1.30M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -2.48K | -89.05K | -15.56K |
| Financing Cash Flow | 1.74M | 1.73M | 3.77M | 4.85M | 3.28M | 2.66M |
Adavale Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | AU$352.59M | -9.70 | -7.01% | ― | -100.00% | 49.49% | |
49 Neutral | AU$174.78M | -10.73 | -26.26% | ― | ― | -75.25% | |
46 Neutral | AU$163.09M | -9.78 | -69.11% | ― | ― | 1.38% | |
44 Neutral | AU$14.27M | -1.11 | -3247.83% | ― | -57.74% | 60.13% | |
41 Neutral | AU$18.87M | -40.91 | -0.93% | ― | ― | 8.33% | |
40 Underperform | AU$8.61M | -4.14 | -75.69% | ― | ― | -141.67% |
Adavale Resources Limited Corporate Events
Adavale Resources Limited has disclosed a change in the indirect interests of director Allan Ritchie, primarily via entities and trusts of which he is a beneficiary. As at 31 December 2025, Ritchie’s holding was reduced through the lapse or disposal of 37,225 listed options exercisable at $0.60 expiring on 31 December 2025 and 165,000 Class B(i) performance rights expiring on the same date, with no new securities acquired. The notification clarifies the updated breakdown of his indirect holdings and signals a modest adjustment in board-level exposure to near-term equity incentives without affecting longer-dated options and performance rights.
The most recent analyst rating on (AU:ADD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Adavale Resources Limited stock, see the AU:ADD Stock Forecast page.
Adavale Resources Limited has confirmed the lapse of 862,500 performance rights, which expired unexercised on 31 December 2025. The cessation of these securities slightly reduces the company’s potential future share dilution and clarifies its issued capital structure for existing shareholders and the market.
The most recent analyst rating on (AU:ADD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Adavale Resources Limited stock, see the AU:ADD Stock Forecast page.
Adavale Resources has completed a 2,411-metre Phase 2 reverse circulation drilling program across 12 holes at the brownfields London-Victoria Gold Mine, targeting extensions of known mineralisation below the existing pit and aiming to grow the current 3.14Mt at 1.06g/t Au resource. Supported by new structural modelling and historical BHP Gold data, the campaign is designed to validate structural controls, test potential fold repeats and southern plunges of the orebody, and underpin further resource expansion, scoping studies and metallurgical work planned for 2026, positioning the project for potential near-term production while parallel exploration advances at the Corner and Parkvale South prospects.
Adavale Resources Limited has announced a change in the director’s interest, specifically concerning Allan Ritchie. The change involves the acquisition of 7,500,000 performance rights and the disposal of 3,000,000 performance rights expiring in January 2028. This adjustment in director’s interest may impact the company’s governance and strategic decision-making, potentially influencing stakeholder confidence and market perception.
Adavale Resources Limited announced the issuance of 25 million performance rights under an employee incentive scheme. These unquoted securities are subject to transfer restrictions and are not listed on the ASX until these restrictions are lifted, potentially impacting employee motivation and retention.
Adavale Resources Limited announced the cessation of 8,250,000 performance rights due to a cancellation agreement between the entity and the holder. This move may impact the company’s capital structure and reflects ongoing adjustments in its operational strategies, potentially influencing stakeholder perceptions and market positioning.
Adavale Resources Limited announced the expiry of 27,135,930 quoted options exercisable at $0.60 each, set to lapse on December 31, 2025. The options are significantly out of the money, with the last closing market price of the underlying shares at $0.052, leading the company to decide against sending expiry notices to option holders. This decision reflects the current market conditions and the company’s strategic approach to managing its financial instruments.
Adavale Resources Limited has commenced the second phase of drilling at its London-Victoria Gold Mine, part of the Parkes Gold-Copper Project. This phase involves a 2,300-meter RC drilling campaign targeting extensions beneath the southern part of the existing pit, aiming to expand the gold resource beyond the current Mineral Resource Estimate. The drilling program, led by newly appointed Managing Director David Ward, is informed by recent structural geology models and seeks to explore the potential growth of the mineralised system.
Adavale Resources Limited announced that all resolutions proposed at their Annual General Meeting were passed without amendments. This outcome reflects strong shareholder support and could positively impact the company’s strategic initiatives in its exploration projects across Australia and Tanzania, potentially enhancing its market position in the mining industry.
Adavale Resources Limited has announced the issuance of 476,190 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) on November 18, 2025. This move indicates the company’s ongoing efforts to raise capital and enhance its market presence, potentially impacting its operational capabilities and offering new opportunities for stakeholders.
Adavale Resources Limited, a company listed on the Australian Securities Exchange (ASX:ADD), has announced a correction to its Notice of Annual General Meeting regarding the proposed issue of performance rights to its directors. The company identified typographical errors in the original document and has provided a corrected table detailing the number of performance rights to be issued, subject to shareholder approval. This clarification ensures transparency and accuracy in the company’s communication with its stakeholders, maintaining the integrity of its governance processes.
Adavale Resources Limited announced the completion of its maiden drilling campaign at the London Victoria Gold Mine, which revealed significant gold mineralization extending beyond the current resource estimates. This quarter also saw the company securing over $3 million in funding, including a new cornerstone investor, and receiving 100% Native Title Consent for the Marree Uranium Project. These developments position Adavale to advance its exploration activities and potentially increase shareholder value.
Adavale Resources Limited has appointed David Ward as its new Managing Director, effective November 17, 2025. With 30 years of experience in the mining sector, Ward’s expertise in exploration and project development, particularly in the Lachlan Fold Belt, is expected to significantly enhance Adavale’s operations. His appointment is seen as a strategic move to drive growth and value creation, focusing on expanding resources at the London-Victoria Gold Mine and advancing high-priority targets at Ashes and Myalls.
Adavale Resources Limited has announced that its Annual General Meeting (AGM) will be held virtually on November 28, 2025. Shareholders are encouraged to participate electronically, with options to vote and ask questions in real-time via Zoom and the Computershare Meeting Platform. This approach underscores the company’s commitment to accessibility and engagement with its stakeholders.