Shallow High-Grade Gold Builds Near-Mine Pipeline

• Multiple high-grade gold intercepts identified near London-Victoria Gold Mine
• Significant intersections include Drapers, Nibblers Hill, Waterhouse, Somers, Armstrongs, and McGuiggans
• Prospects identified using systematic review of historic drillhole data

Adavale Resources Limited has announced that a systematic review of historic drillhole data has identified six new gold mineralisation prospects along strike and immediately adjacent to the London-Victoria Gold Mine. These prospects include Drapers, Nibblers Hill, Waterhouse, Somers, Armstrongs, and McGuiggans. The identified mineralisation includes significant intersections such as 11m @ 4.94g/t Au from 9m at Drapers and 9m @ 4.90g/t Au from 28m at Nibblers Hill. The company believes these prospects are within reach of existing infrastructure and could become future satellite deposits. The current Mineral Resource Estimate (MRE) is based on historic data only and does not include 88 holes drilled to date. An updated MRE is scheduled for the September quarter.

An updated Mineral Resource Estimate (MRE) is scheduled for the September quarter.

Adavale Resources has real momentum heading into the second half of the year with 2 rigs currently onsite at London-Victoria.