ADD.ASX: New Drilling Returns More Gold at London-Victoria

New Drilling Returns More Gold at London-Victoria

Stock	Adavale Resources Ltd (ADD.ASX)
Release Time	13 Aug 2026, 8:19 a.m.
Price Sensitive	Yes

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Adavale Resources Announces New Gold Drilling Results at London-Victoria

Key Points

Additional gold intersections reported from 5 RC drillholes.
Significant gold mineralization identified at increasing depths.
Results support potential upgrade to Mineral Resource Estimate this quarter.

Full Summary

Adavale Resources Limited has reported assays from an additional 5 reverse circulation (RC) drillholes at the London-Victoria Gold Mine, returning broad gold intersections below the existing open pit. The drilling has extended coverage between previously reported intersections and provided additional control on the position, width, and grade of mineralisation beneath the pit. Notable results include 38m @ 0.96g/t Au from 142m in hole ALRC075, and 27m @ 0.90g/t Au from 120m in hole ALRC074. These results reinforce the scale and internal consistency of the mineralised corridor and are expected to add significant volume to the inventory for the upcoming Mineral Resource Estimate update.

Outlook

The company expects to complete an update to the Mineral Resource Estimate by the third quarter of calendar year 2026.