ADD.ASX: Shallow High-Grade Gold Builds Near-Mine Pipeline

Shallow High-Grade Gold Builds Near-Mine Pipeline

Stock	Adavale Resources Ltd (ADD.ASX)
Release Time	22 Jul 2026, 8:17 a.m.
Price Sensitive	Yes

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Adavale Resources Identifies High-Grade Gold Prospects

Key Points

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

Full Summary

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.

Guidance

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

Outlook

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