Bonanza Gold Grades up to 245g/t at Victoria South

Key points

• Victoria South historic drilling confirms extension potential of the London-Victoria Gold Mine along strike to the south
• Bonanza grade intercept of 1m @ 245.5g/t Au from 22m
• Multiple significant shallow intercepts including 17m @ 1.53g/t Au, 13m @ 2.25g/t Au, and 11m @ 2.37g/t Au

Full summary

Adavale Resources has announced progress on its Parkes Gold-Copper Project, with results from a review and compilation of near-mine drillhole datasets at the Victoria South Prospect. The historic drilling at Victoria South confirms the extension potential of the London-Victoria Gold Mine along strike to the south, with multiple shallow, high-grade intercepts supporting strong continuity along strike. Highlights include a bonanza grade intercept of 1m @ 245.5g/t Au from 22m, as well as further significant intercepts such as 17m @ 1.53g/t Au from 12m, 13m @ 2.25g/t Au from 41m, and 11m @ 2.37g/t Au from 16m. These thick, shallow intercepts are interpreted as a direct extension of the existing London-Victoria 115koz gold Mineral Resource, and Victoria South has the potential to add significantly to the existing resource inventory. The confirmation of shallow gold mineralization at Victoria South represents a significant near-mine growth opportunity, located directly along strike from the existing Mineral Resource and well positioned to support rapid conversion through follow-up drilling.

Outlook

With multiple workstreams advancing in parallel, Adavale is rapidly building scale at London-Victoria while continuing to unlock new opportunities across the broader Parkes Gold-Copper Project.