ADD.ASX: Gold Resource Reaches 166koz Au via Belt Scale Consolidation

Gold Resource Reaches 166koz Au via Belt Scale Consolidation

Stock	Adavale Resources Ltd (ADD.ASX)
Release Time	1 Jun 2026, 8:22 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Adavale Resources Expands Gold Resource by 44%

Key Points

Acquisition of 4 licences increases gold resource to 166koz Au
New acquisition includes a mining licence with a gold resource of 0.87Mt @ 1.83 g/t
All tenure acquired has clean title and no Net Smelter Royalty (NSR) attached
Significant exploration potential remains at Calarie with high-grade intercepts

Full Summary

Adavale Resources Ltd has announced a significant expansion of its gold resource to 166,000 oz Au following the acquisition of 4 licences, including a mining licence. The acquisition includes a gold resource of 0.87Mt @ 1.83 g/t Au within close trucking distance of the London-Victoria project. The acquisition of these licences consolidates Adavale's landholding across the Parkes mineralised belt, enhancing the potential for a district-scale discovery. The acquisition is considered highly strategic, combining a granted mining licence with substantial exploration upside. Adavale is well-funded to progress exploration at the Parkes Project, with a primary focus on increasing and upgrading the London-Victoria Resource.