• Maiden 14-hole, 2,060 m RC drilling campaign completed at London Victoria Gold Mine, delivering multiple significant grade gold intercepts
• Ground magnetics and IP surveys completed at Ashes-Myalls prospect, refining future drill targets
• $3.1 million in new funding secured, including a 20% stake from a new cornerstone investor 'Gleneden'

Adavale Resources Limited (ASX:ADD) has reported on its activities for the quarter ended 30 September 2025, highlighting significant progress at its Parkes Gold and Copper Project in the Lachlan Fold Belt, New South Wales. The key focus was the maiden 14-hole, 2,060 m RC drilling campaign completed at the London Victoria Gold Mine, which delivered multiple significant grade gold intercepts. Highlights include 10m @ 1.95g/t Au from 149m, 48m @ 0.82g/t Au from 133m (including 25m @ 1.17g/t Au from 144m), and 3m @ 6.64g/t Au from 10m. These results confirm extensions of gold mineralization more than 100 meters below the pit floor and well outside the current Mineral Resource Estimate of 3.14Mt @ 1.06 g/t Au for 107koz. The company also completed ground magnetics and IP surveys at the Ashes-Myalls prospect, refining future drill targets. Additionally, Adavale secured approximately $3.1 million in new funding, including a 20% stake from a new cornerstone investor 'Gleneden', as well as participation from directors and a new strategic investor group. The company is well-funded to execute on second-phase drilling in Q4 CY2025 across London Victoria Mine and highly prospective greenfield targets including Ashes and Myalls.

Adavale is well-funded to execute on second-phase drilling in Q4 CY2025 across London Victoria Mine and highly prospective greenfield targets including Ashes and Myalls.