• Strongest gold intercept in 30 years: 48m @ 0.82g/t or 40gram-metres in hole ALRC014
• Consistent & significant grade gold intervals from current drilling
• Resource expansion potential highlighted: Mineralisation extends well beyond current JORC Resource

Adavale Resources' maiden drilling program at the London Victoria Gold Mine has delivered the widest gold intercept to date, with hole ALRC014 intersecting 48m @ 0.82g/t Au (0.25g/t Au cut-off) from 133m, including a higher-grade interval of 25m @ 1.17g/t Au from 144m (0.5g/t Au cut-off). This new mineralisation extends over 100m below the pit floor and well below the existing Mineral Resource Estimate of 3.14Mt @ 1.06g/t Au for 107koz. Other significant intercepts include 25m @ 1.17g/t Au from 144m and 11m @ 1.42g/t Au from 158m. The results confirm the presence of broad zones of gold mineralisation at shallow depths below the current resource, and demonstrate the clear potential to expand the resource well beyond the current footprint. Structural mapping and a planned magnetic survey will guide the next phase of drilling, which is expected to commence in Q4 2025 and focus on testing extensions beneath the existing pits and along strike.

Adavale remains on track to receive analysis of the recently extended IP survey at Ashes in the coming weeks, which will guide future exploration at this prospective copper gold prospect. Multiple near-term catalysts are at play, including two drilling programs being planned, along with ongoing field work at each of the company's Parkes Project greenfields prospects.