ADD
Adavale Resources — Pathway to Production
London-Victoria Gold Mine
2025
Parkes Gold-Copper Project Acquired
Adavale completes acquisition of a 72.5% interest in the Parkes Gold-Copper Project, Lachlan Fold Belt NSW — anchored by the historic London-Victoria Gold Mine.
ASX Announcement ↗2025
Maiden JORC Resource — 115koz Au at London-Victoria
Inferred Mineral Resource of 115koz Au established, including a higher-grade estimate of 3.14Mt at 1.06g/t Au for 107koz. Resource open along strike and at depth.
ASX Announcement ↗Sep
2025
Phase 1 Drilling — Strongest Intercept in 30 Years
Maiden RC campaign delivers ALRC014: 48m @ 0.82g/t Au from 133m, including 25m @ 1.17g/t Au — extending mineralisation ~100m below the pit floor.
ASX Announcement ↗2025
Phase 2 Drilling Commences — 2,300m Targeting Pit Extensions
~10-hole, 2,300m RC program commenced targeting gold extensions beneath the pit floor and resource growth beyond the current MRE.
ASX Announcement ↗2025
Phase 2 Completed — 2,411m Across 12 Holes
Program validates the structural geology model and confirms strong continuity of gold mineralisation below the pit. Assays delivered Jan–Feb 2026.
ASX Announcement ↗2026
Highest-Grade Intercepts to Date — 14m @ 2.62g/t Au
Phase 2 assays return record grades: 14m @ 2.62g/t Au and 23m @ 1.64g/t Au. Mineralisation confirmed open at depth and along strike.
ASX Announcement ↗2026
$5.15M Placement to Accelerate Drilling
Strongly supported placement of $5.15M completed to fund expanded Phase 3 drilling and technical programs at London-Victoria.
ASX Announcement ↗2026
Phase 3 Drilling Commences — 6,000m Program
Expanded 6,000m RC program underway following Phase 2 validation. Only ~10% of the 1.5km mineralised strike has been tested to date.
ASX Announcement ↗2026
Second Drill Rig Added — Program Expanded
Phase 3 accelerated with a second rig. Program expanded to 88 holes for approximately 18,000m on 25m spacing. First assay results received 30 April 2026.
ASX Announcement ↗2026
Bonanza Grades at Victoria South — 1m @ 245.5g/t Au
Review of historic drilling confirms shallow high-grade gold directly along strike from London-Victoria, within the same structural corridor.
ASX Announcement ↗2026
Belt-Scale Consolidation — Calarie Acquired
Calarie Gold Mining Licence (ML739) and three adjoining exploration licences acquired via 100% scrip, lifting the global resource 44% to 166koz Au and consolidating approximately 610km² across 70km of contiguous strike along the Parkes Thrust. Completed 3 August 2026.
ASX Announcement ↗2026
85-Hole Drillout Completed — 19m @ 4.00g/t Au
Final assays received from 82 RC and three diamond drillholes, none of which were included in the existing 115koz Mineral Resource.
ASX Announcement ↗2026
Parkes Resource More Than Triples to 383,300oz Au
Updated Mineral Resource Estimate delivered. London-Victoria grows to 9.74Mt @ 0.84g/t Au for 263koz, with 126,200oz classified as Indicated. Combined Parkes inventory now 13.45Mt @ 0.89g/t Au for 383,300oz.
ASX Announcement ↗Scoping Study Underway
Assessment of mining and processing pathways, development scale and preliminary economics, supported by further metallurgical testwork on diamond core and first-pass drilling at the Ashes greenfields target.