Adavale Resources (ASX:ADD) Confirms Shallow High-Grade Gold Growth Potential at London Victoria

Jane Morgan Management

8 September 2025 – Sydney, Australia | Adavale Resources Limited (ASX:ADD) (“Adavale” or “the Company”) has today announced significant shallow, high-grade gold intercepts from its maiden drilling program at the London-Victoria Gold Mine within the Parkes Project in NSW, Australia. This confirms growth potential for both down dip and along strike. These results include multiple notable intercepts immediately below the pit floor, and mineralisation now confirmed over 1.4 km of strike beyond previously mined lodes and outside the current resource area.

Highlights

• Significant intercepts results: Across 11 holes from the maiden drilling program at London Victoria Gold Mine (3.14 Mt @ 1.06 g/t Au for 107,000 oz)

• Shallow high-grade gold: Immediately below the pit floor and open both down dip and along strike to the south.

• Notable intercepts include:
  

  • 10m @ 1.95g/t Au from 149m including 1m @ 8.3g/t Au (ALRC001)

  • 12m @ 1.48g/t Au from 38m (ALRC004)

  • 6m @ 1.69g/t Au from 33m (ALRC008)

  • 3m @ 1.92g/t Au from 9m (ALRC009)

  • 3m @ 6.64g/t Au from 10m including 1m @ 14.6g/t Au (ALRC011)

• Strike Extension Confirmed: Mineralisation extends over 1.4km of strike, well beyond previously mined lodes and outside the current resource area, highlighting significant potential for resource expansion.

• Magnetic survey to be undertaken: Targeting detailed definition of magnetic lows associated with the gold bearing zone in the volcanics.

• Assays pending: Three holes still have pending assays; visual inspection indicates mineralisation intersected, pointing to further upside.

• Phase 2 drill planning underway: Designed to test extensions beneath the existing pits and along strike, targeting substantial resource growth beyond the current footprint.

The Company received gold assay results for its first batch of 1,375 samples from the first eleven RC holes in the maiden program. These are the first drill results from the gold project since 1997. 

The drilling traversed several targets along the full north-south strike of the open pit over ~1.5km, with assays confirming gold mineralisation at shallow depths below and along strike from the JORC Mineral Resource of 3.14 Mt at 1.06 g/t Au for 107 koz that Adavale had defined early this year. Results for the final three holes are pending (expected in October).

Observations during the campaign suggest the deposit architecture is a doubly plunging fold with mineralisation plunging north and south; specialist structural consultants will refine this model to better target high-grade zones.

Analysis of downhole logs shows a relationship between magnetic susceptibility and gold mineralisation, with demagnetised volcanics acting as a proxy for mineralisation—an insight that will guide more efficient drill targeting.

Adavale Resources Executive Chairman and CEO, Mr. Allan Ritchie, commented: “The initial assay results from the maiden drilling program have reinforced the conviction Adavale has a potential producing asset in the London Victoria Gold Mine. High-grade mineralisation has been confirmed both within and outside of the existing JORC Mineral Resource envelope which will be utilised to further expand upon the size and confidence of the Resource.

Analysis of the downhole logs has highlighted a relationship between magnetic susceptibility and gold mineralisation. Using this relationship Adavale can detect the demagnetised volcanics as a proxy for mineralisation utilising well established geophysical methods. This makes for more efficient drill targeting in future drilling campaigns.

These results vindicate Adavale’s strategy of generating value for shareholders through its brownfield asset in London Victoria and its greenfield exploration activities within the broader Parkes Project portfolio; we are well-positioned to build on the strong momentum established by these results.”

ABOUT ADAVALE RESOURCES

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.

Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]