Strategic Uranium Deal Accelerates Parkes Gold Project

• Adavale Resources sells its Marree Embayment Uranium Portfolio to Orpheus Uranium
• Total consideration: $650,000 cash and 5,000,000 Orpheus shares
• Transaction supports Adavale's focus on gold-copper assets in the Parkes Project

Adavale Resources Limited (ASX:ADD) has entered into a binding term sheet with Orpheus Uranium Limited (ASX:ORP) for the sale of its Marree Embayment Uranium Portfolio, comprising 7 granted exploration licenses covering 2,513km² on the northern flank of South Australia's Flinders Ranges. The total consideration for the sale is $650,000 cash and 5,000,000 ORP shares, approximately 1.4% of ORP's issued capital. The transaction follows Adavale's recent acquisition along the Parkes Thrust corridor, reinforcing its disciplined portfolio execution and sharpening its focus on the Belt-Scale Parkes Thrust Project in the Lachlan Fold Belt, NSW. Adavale retains uranium price exposure via its meaningful ORP shareholding, with the opportunity to participate in the value ORP can unlock from this proven uranium province, 90km from the Beverley and Four Mile uranium mines.

Adavale Resources aims to focus on its gold-copper assets within the Belt-Scale Parkes Project in the Lachlan Fold Belt, NSW.