ADD.ASX: Solid Gold Assays up to 10.3g/t Au from Resource Drillout

Solid Gold Assays up to 10.3g/t Au from Resource Drillout

Stock	Adavale Resources Ltd (ADD.ASX)
Release Time	24 Jun 2026, 8:24 a.m.
Price Sensitive	Yes

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Adavale Resources Announces High Gold Grades from Drillout

Key Points

Assays up to 10.3g/t Au from ongoing London-Victoria resource drillout
Drillout continues to grow the resource and validate geological model
Diamond drilling underway to provide structural information and improve confidence
Preliminary metallurgical testwork shows potential for gold recovery
Next steps include updating Mineral Resource Estimate and further exploration

Full Summary

Adavale Resources Limited (ASX:ADD) has announced solid gold assays from the ongoing London-Victoria resource drillout, with highlights including up to 10.3g/t Au. The drillout is expanding and upgrading the existing mineralisation below the open pit, with 13 holes totaling 2,751 meters of drilling completed. The results support the continuity of higher-grade lodes and broader zones of mineralisation. Diamond drilling is underway to provide structural information and improve confidence in the geological model. Preliminary metallurgical testwork indicates potential for gold recovery through conventional cyanide leaching. The company plans to update the Mineral Resource Estimate by mid-3Q CY26 and continue exploration activities.

Guidance

Expect to complete an update to the Mineral Resource Estimate by mid-3Q CY26.

Outlook

The company plans to continue drilling and exploration activities to expand and upgrade the existing mineralisation and improve the geological model.