ADD.ASX: Walk-Up Drill Targets & 9.2g/t Au Surface Hit at Ashes

Walk-Up Drill Targets & 9.2g/t Au Surface Hit at Ashes

Stock	Adavale Resources Ltd (ADD.ASX)
Release Time	9 Jul 2026, 8:22 a.m.
Price Sensitive	Yes

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Adavale Resources Secures New Tenure and Reports High-Grade Gold at Ashes

Key Points

Grant of EL9918 consolidates the broader Ashes Prospect area
Transfer of EL9178 secures southern extension of the London-Victoria Gold Corridor
High-grade surface sampling results at Ashes including 9.2g/t Au

Full Summary

Adavale Resources Limited (ASX:ADD) announces the grant of exploration licence EL9918, consolidating the broader Ashes Prospect area, and the transfer of EL9178, securing a highly prospective extension of the London-Victoria Gold Corridor. Surface sampling within EL9918 at Ashes returned high-grade results, including 9.2g/t Au, 4.5g/t Ag, and 660ppm Cu, extending mineralization into EL9918. The new tenure positions Adavale to explore multiple near-term drill targets from Victoria South to Calarie, with surface soil geochemistry defining multiple priority areas. The company plans to integrate structural interpretation, geophysical datasets, geochemistry, and drill targeting to evaluate strike continuity and identify potential repetitions of mineralization.

Outlook

Adavale plans to undertake systematic exploration across the entire interpreted southern extension of the London-Victoria system, integrating detailed structural interpretation, geophysical datasets, geochemistry, and drill targeting to evaluate strike continuity and identify potential repetitions of mineralization.