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Adelong Gold Responds to ASX Price Query Amid Strategic Developments

Story Highlights
  • Adelong Gold focuses on gold exploration and has a partnership with Nova Minerals.
  • Adelong Gold’s share price rose after a drilling program and strategic investment news.
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Adelong Gold Responds to ASX Price Query Amid Strategic Developments

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The latest update is out from 3D Resources Limited ( (AU:ADG) ).

Adelong Gold Limited responded to an ASX price query regarding a recent increase in its share price. The company completed a drilling program at its Apollo project and was in the process of reviewing and interpreting the results at the time of the query. Additionally, Nova Minerals’ strategic investment in Adelong Gold, coupled with a significant award from the U.S. Department of War, may have influenced the market perception of Adelong Gold’s potential.

More about 3D Resources Limited

Adelong Gold Limited operates in the mining industry, focusing on gold exploration and production. The company is engaged in projects that involve drilling programs and has a strategic partnership with Nova Minerals, which includes a First Right of Refusal on antimony offtake from its projects in Victoria.

Average Trading Volume: 74,119,280

Current Market Cap: A$25.67M

For detailed information about ADG stock, go to TipRanks’ Stock Analysis page.

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