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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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -394.20K | 103.64K | 0.00 | 0.00 | ― | 0.00 |
| Gross Profit | -394.20K | 103.64K | -27.71K | -27.15K | ― | 0.00 |
| EBITDA | -3.30M | -4.57M | -4.55M | -4.64M | -2.01M | 0.00 |
| Net Income | -3.00M | -4.70M | -4.95M | -4.67M | -2.05M | -535.00K |
Balance Sheet | ||||||
| Total Assets | 470.65K | 360.69K | 1.07M | 505.74K | 1.47M | 112.05K |
| Cash, Cash Equivalents and Short-Term Investments | 355.68K | 280.30K | 893.47K | 391.39K | 1.42M | 85.65K |
| Total Debt | 0.00 | 0.00 | 1.94M | 0.00 | 1.00M | 1.00M |
| Total Liabilities | 146.58K | 72.52K | 2.13M | 294.76K | 474.83K | 1.38M |
| Stockholders Equity | 324.07K | 288.17K | -1.06M | 210.97K | 997.92K | -1.27M |
Cash Flow | ||||||
| Free Cash Flow | -2.51M | -4.38M | -4.36M | -4.35M | -1.32M | -319.14K |
| Operating Cash Flow | -2.51M | -4.38M | -4.35M | -4.26M | -1.30M | -319.14K |
| Investing Cash Flow | 0.00 | 0.00 | -2.48K | -89.05K | -15.56K | 0.00 |
| Financing Cash Flow | 1.91M | 3.77M | 4.85M | 3.28M | 2.66M | 380.93K |
Adavale Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | C$2.90B | -1.06 | -3.46% | 5.87% | 3.01% | -47.13% | |
36 Underperform | AU$3.55M | ― | -1924.35% | ― | ― | 71.28% | |
| £64.27M | ― | -30.40% | ― | ― | ― | ||
| $64.76M | ― | -8.98% | ― | ― | ― | ||
59 Neutral | AU$18.45M | ― | -1.03% | ― | ― | -33.33% | |
43 Neutral | AU$12.20M | ― | -19.95% | ― | ― | 27.78% | |
29 Underperform | AU$100.26M | ― | -60.48% | ― | ― | -49.15% |
Adavale Resources Limited Corporate Events
Adavale Resources Limited has announced a maiden JORC 2012 Inferred Mineral Resource Estimate for the London-Victoria Gold Project, estimating 115,000 ounces of gold. This development is significant for Adavale as it comes amidst record high gold prices, providing potential for increased value and expansion through further drilling, with the mineralisation open along strike and at depth.
Adavale Resources Limited has completed the acquisition of a 72.5% interest in the Parkes Gold and Copper Project, located in the Lachlan Fold Belt of NSW, Australia. This acquisition includes the London-Victoria Gold Mine, which has a historical estimate of 3.70 million tonnes at 1.04 grams per tonne of gold. The company has also conducted a geochemical survey at the Ashes and Myalls Prospects, yielding high-grade assay results, and plans to begin a maiden drilling program in the second quarter of 2025. The appointment of experienced geologist David Ward as Non-Executive Technical Director is expected to strengthen the company’s technical leadership as it moves into resource definition and development planning.
Adavale Resources Limited has announced the completion of a site visit to the Parkes Project, marking its fifth field campaign since acquiring the project in January 2025. The visit, led by consultant geologist Barry Willott, focused on reconnaissance at new prospects and follow-up exploration at existing sites, with 25 rock chip samples collected for analysis. The company’s ongoing exploration efforts are part of a multi-phase strategy aimed at identifying high-grade gold and copper mineralization, with a maiden drilling program scheduled for the second quarter of 2025. The recent appointment of David Ward to the board is expected to enhance technical leadership as Adavale advances its resource definition goals.
Adavale Resources Limited has announced the appointment of David Ward as a Non-Executive Director, effective April 10, 2025. As part of his appointment, Mr. Ward is set to receive 30 million Performance Rights, contingent upon the company’s share price reaching specific VWAP targets over a 20-day trading period. This strategic move is likely to align Mr. Ward’s interests with the company’s performance, potentially impacting its market positioning and shareholder value.
Adavale Resources Limited has announced that John Desmond Hicks has ceased to be a director as of April 10, 2025. The company has disclosed his relevant interests in securities, which include a significant number of ordinary shares, listed options, and performance rights, indicating his substantial involvement in the company’s equity structure.
Adavale Resources Limited has appointed David Ward as Non-Executive Technical Director, bringing over 25 years of mining expertise to the board. This strategic move aligns with Adavale’s growth strategy to advance its exploration activities, particularly the Parkes Gold-Copper Project, amid strong commodity fundamentals and an imminent drilling phase.
Adavale Resources Limited has announced advancements in its Parkes Project in the Lachlan Fold Belt, with a multi-target exploration strategy underway. The company is working with Derisk Geomining Consultants to review the historical estimate of the London-Victoria Gold Mine, aiming to convert it to a JORC 2012 Mineral Resource Estimate. Recent assay results have identified significant gold, copper, and silver mineralization at the Ashes and Myalls prospects, with plans for a maiden drilling program in Q2 2025. This development positions Adavale to potentially capitalize on high gold prices and expand its resource base, enhancing its market presence and offering promising opportunities for stakeholders.
Adavale Resources Limited has completed a geochemical survey at its Ashes and Myalls Prospects in the Lachlan Fold Belt, NSW, Australia. The survey involved collecting 279 soil and 19 rock chip samples over a 5 km² area, following previous high-grade gold and copper findings. Results from the assays, expected in April, will guide the company’s maiden drill program planned for Q2 2025, potentially enhancing its exploration efforts and stakeholder value.
Adavale Resources Limited has issued a Section 708A Notice to the ASX, indicating that securities were issued without disclosure to investors under Part 6D.2 of the Corporations Act. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information that investors would expect in a disclosure document.
Adavale Resources Limited has announced the expiration of options on December 31, 2027, with a strike price of $0.005. The announcement reveals that the total number of units held by 82 holders is 912,680,522, with the top 20 holders owning 63.66% of the options. This distribution of options could impact the company’s financial strategies and stakeholder interests as it reflects significant concentration among a few major holders.
Adavale Resources Limited has announced the application for quotation of new securities, specifically options expiring on December 31, 2027, with an exercise price of $0.005. This move is part of the company’s strategic financial operations to enhance its market presence and potentially increase capital, which may influence its operational capacity and stakeholder interests.
Adavale Resources Limited has announced the issuance of 14,000,000 unquoted options, set to expire on December 31, 2027, with an exercise price of $0.005. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial structure and stakeholder interests.
Adavale Resources Limited has announced the issuance of 14 million ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of March 17, 2025. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market position and providing new opportunities for stakeholders.
Adavale Resources Limited has released its interim financial report for the half-year ending December 31, 2024. The report includes a review of operations, financial statements, and an auditor’s review. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which may influence investor decisions and market perceptions.
Adavale Resources Limited has initiated a geochemical survey at its Ashes and Myalls Prospects, following promising assay results for gold, copper, and silver. This survey, involving soil and rock chip sampling, aims to identify new drilling targets and enhance the company’s exploration efforts in the region, potentially strengthening its market position in mineral exploration.
Adavale Resources Limited has reported promising assay results from its initial rock chip sampling at the Ashes Prospect in New South Wales. The results indicate high-grade gold, copper, and silver mineralization, suggesting significant potential for a mineralized system in the area. The company plans to expand its exploration efforts with a comprehensive soil geochemistry program and further rock chip sampling. These developments could enhance Adavale’s position in the mining sector, particularly in the Lachlan Fold Belt, and potentially offer new opportunities for stakeholders.
Adavale Resources Limited has announced the commencement of a geochemical survey at the Ashes and Myalls prospects within its Parkes Project. This initiative follows a successful reconnaissance visit and aims to utilize modern exploration techniques to evaluate these areas for gold and copper mineralization. The company has secured full access for geological mapping and sampling, which will help define promising drilling targets. The survey is part of a broader strategy to characterize historical prospects using swift geochemistry methods, potentially setting the stage for economic gold-copper deposits, thus enhancing Adavale’s positioning in the mining industry.