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Adavale Resources Limited ( (AU:ADD) ) has provided an update.
Adavale Resources Limited announced the completion of its maiden drilling campaign at the London Victoria Gold Mine, which revealed significant gold mineralization extending beyond the current resource estimates. This quarter also saw the company securing over $3 million in funding, including a new cornerstone investor, and receiving 100% Native Title Consent for the Marree Uranium Project. These developments position Adavale to advance its exploration activities and potentially increase shareholder value.
More about Adavale Resources Limited
Adavale Resources Limited is a company operating in the mining industry, focusing on gold and copper exploration. The company is involved in projects located within the Lachlan Fold Belt in New South Wales, Australia, which is known for its mineral-rich deposits.
Average Trading Volume: 1,315,366
Technical Sentiment Signal: Sell
Current Market Cap: A$12.9M
See more insights into ADD stock on TipRanks’ Stock Analysis page.