Adavale Resources Limited ( (AU:ADD) ) has issued an update.
Adavale Resources Limited has announced a maiden JORC 2012 Inferred Mineral Resource Estimate for the London-Victoria Gold Project, estimating 115,000 ounces of gold. This development is significant for Adavale as it comes amidst record high gold prices, providing potential for increased value and expansion through further drilling, with the mineralisation open along strike and at depth.
More about Adavale Resources Limited
Adavale Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold mining and has a market focus on expanding its resource base through strategic acquisitions and drilling campaigns.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.57M
For an in-depth examination of ADD stock, go to TipRanks’ Stock Analysis page.