Sydney – 24 September 2025 | Adavale Resources Limited (ASX:ADD) (“Adavale” or “the Company”) is pleased to announce strong gold results from the recently completed maiden drill campaign at London-Victoria Gold Mine, part of the Parkes Project located in the Lachlan Fold Belt region of New South Wales. The results stem from the final three holes (651m) of the Company’s maiden drilling program and significantly enhance the mineralisation footprint beneath the existing pit floor.
Hole ALRC014 returned a standout intercept 48m @ 0.82g/t Au from 133m, including 25m @ 1.17g/t Au from 144m, marking the widest intercept in the mine’s recent history and demonstrating high-grade interval of 11m @ 1.42g/t Au from 158m. This newly identified mineralisation sits over 100 metres below the current open pit, and is outside the existing JORC 2012 Mineral Resource of 3.14Mt @ 1.06g/t Au for 107koz.
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Strongest gold intercept in 30 years: Maiden drilling program at the London Victoria Gold Mine delivers widest intercept to date (48m @0.82g/t or 40gram-metres) in hole ALRC014.
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Consistent & Significant Grade Gold Intervals from current drilling include:
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25m @ 1.17g/t Au from 144m 0.5g/t Au cut-off) within a broader intercept of
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48m @ 0.82g/t Au from 133m (0.25g/t Au cut-off) and includes
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11m @ 1.42g/t Au from 158m (1.0g/t Au cut-off)
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Resource expansion potential is now highlighted: Mineralisation in ALRC014 extends well beyond the current JORC 2012 Resource (3.14Mt @ 1.06 g/t Au for 107koz) and remains open at depth and along strike.
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Specialist Structural Geologist team has arrived at London Victoria and commenced structural mapping, testing for and refining a possible doubly plunging anticline model.
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Magnetic survey planning proceeding, targeting detailed definition of magnetic lows associated with the gold bearing zone within the mineralised andesitic volcanics.
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Phase 2 follow-up drill planning underway: Designed to test extensions beneath the existing pits and along strike, targeting substantial gold resource growth beyond the currently known footprint.
Adavale Resources Executive Chairman and CEO, Mr. Allan Ritchie, commented:
“We are highly encouraged by the results from our maiden drilling program at London Victoria, which has delivered the widest gold intercept to date in hole ALRC014, in an area without prior drilling. These results not only demonstrate consistent and significant grades and widths, and also highlight the clear potential to expand the resource well beyond the current JORC Mineral Resource Estimate.
With all results now in from the initial drilling program Adavale have further reinforced their confidence on the potential for small scale mining at the London Victoria Mine. In intersecting 25m @ 1.17g/t Au below the known resource and extending mineralisation 100m further below the current pit floor, this serves to highlight the untapped potential of the Project.
Structural interpretation, currently underway as well as magnetic survey results will guide and focus Phase 2 drilling, which the Company expects to complete in Q4 2025. An updated JORC resource will follow, with the focus in 2026 at London Victoria then shifting to scoping and metallurgical test work.
In parallel, Adavale remains on track to receive analysis of the recently extended IP survey at Ashes in the coming weeks. These results will guide future exploration at this prospective copper gold prospect.
With the gold price continually breaking all-time highs Adavale is now poised for a successful and busy end to the 2025 year. Multiple near-term catalysts are at play, including two drilling programs being planned, along with ongoing field work at each of our Parkes Project greenfields prospects.”
About us:
About Adavale Resources Limited
Exploring for Gold and Copper in the NSW Lachlan Fold Belt, Uranium in South Australia, and Nickel Sulphide in Tanzania.
The Parkes Project
Adavale Resources Limited (ASX:ADD) tenements span ~371km2 including 100% of EL9785 and a 72.5% interest in the Parkes Gold and Copper Project, consisting of four granted exploration licences that are highly prospective for Au-Cu, primarily due to their location adjacent the giant Northparkes copper-gold mine and encompassing the Ordovician-aged rocks of the Macquarie Arc, within the crustal-scale structure of the Lachlan Transverse Zone (LTZ) that contain both Northparkes and the world-class Cadia gold-copper Mine.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]