Adavale Resources (ASX:ADD) appoints David Ward as Managing Director to accelerate gold and copper growth

Adavale Resources has announced the appointment of David Ward as Managing Director, effective 17 November 2025, marking an important step in strengthening its leadership and technical direction.

The appointment comes as the company advances exploration and development across its flagship Parkes Gold and Copper Project in New South Wales, supported by its wider portfolio of uranium and nickel assets in Australia and Tanzania.

“We are delighted to appoint David as Managing Director at this pivotal time for Adavale. His blend of technical depth and on-the-ground operational experience across the Lachlan Fold Belt will be of incredible benefit to Adavale and all of its stakeholders,” said Executive Chairman and CEO Allan Ritchie.

What makes David Ward the right choice to lead Adavale’s next phase of growth?

David’s appointment represents a natural evolution for Adavale, given his thirty years of experience across exploration, project development, and mining operations.

Having served as the company’s Non-Executive Technical Director, he already has a detailed understanding of Adavale’s strategy, assets, and team, which will ensure immediate continuity in leadership and momentum in delivery.

His experience spans Hargraves Resources, where he worked on the London-Victoria Gold Mine, through to senior positions at Newcrest Mining’s Cadia Gold Mine, one of Australia’s largest gold operations.

He also led exploration programs at Clancy Exploration, covering major Ordovician intrusive centres including Wellington, Narromine, Northparkes, and Lake Cowal.

This extensive background gives him a strong foundation to drive exploration programs efficiently while maintaining technical integrity and shareholder alignment.

How will David’s Lachlan Fold Belt experience benefit the Parkes Gold and Copper Project?

David’s hands-on experience across the Lachlan Fold Belt directly supports Adavale’s strategic focus at the Parkes Project.

He has worked in both production and exploration roles at some of the most prominent deposits within the belt, including the world-class Cadia and Northparkes systems.

This regional expertise provides Adavale with invaluable insight into the structural and geological conditions that control mineralisation in this highly endowed province.

His deep familiarity with the Lachlan Fold Belt will be instrumental as Adavale advances drilling at the brownfields London-Victoria Gold Mine and high-priority exploration targets at Ashes and Myalls.

His ability to interpret complex geological systems and translate them into well-defined drill targets strengthens Adavale’s capacity to generate meaningful exploration results.

What are Adavale’s immediate priorities following this leadership expansion?

Adavale’s immediate focus is to continue accelerating exploration at its flagship Parkes Gold and Copper Project.

Drilling programs scheduled for this quarter will target both the expansion of resources at the London-Victoria Gold Mine and the testing of high-potential prospects at Ashes and Myalls.

The project covers approximately 371 square kilometres within the Macquarie Arc and is positioned near the Northparkes copper-gold mine, offering strong potential for discovery and resource growth.

At the same time, Adavale will maintain progress across its broader asset base.

In South Australia, the company holds eleven granted exploration licences covering 4,959 square kilometres prospective for sedimentary uranium systems.

Seven of these are located in the northern outwash of the Flinders Ranges and four are positioned east of Ceduna on the Eyre Peninsula. In Tanzania, Adavale’s Kabanga Jirani Nickel Project spans 1,315 square kilometres along the East African Nickel Belt, near the world-class Kabanga Nickel Deposit.

The company continues to pursue systematic exploration across these projects to advance resource potential and maintain balanced commodity exposure.

Beyond Parkes, how does Adavale intend to position its broader project portfolio under expanded leadership?

While Parkes remains the company’s flagship project, Adavale maintains a diversified portfolio that provides exposure to key metals including uranium and nickel.

The South Australian uranium projects, comprising eleven granted exploration licences, are positioned across two recognised geological provinces with strong sedimentary uranium potential.

The company’s focus here is on systematic exploration designed to prioritise high-potential areas for further work.

In Tanzania, the Kabanga Jirani Nickel Project consists of thirteen granted licences covering 1,315 square kilometres along the East African Nickel Belt.

Nine of these are located near the Kabanga Nickel Deposit, which contains 87.6 million tonnes at 2.63 percent nickel equivalent.

Eleven licences are held 100 percent by Adavale, with two under a 65 percent interest through the Luhuma Farm-in arrangement.

These tenements were selected based on robust geochemical and geophysical data gathered from previous exploration by BHP, and the company continues to apply that information to refine its exploration programs.

Under David’s leadership, these assets will be progressed with a measured and disciplined approach that balances geological investigation with capital efficiency.

This ensures that Adavale Resources remains well positioned across multiple commodities and jurisdictions, with a focus on creating sustainable value through discovery.

Building momentum through leadership and experience

Adavale’s leadership expansion underscores its commitment to advancing exploration excellence and operational execution.

With a strengthened team, clearly defined objectives, and a growing portfolio, the company is positioned to build on its momentum in gold, copper, uranium, and nickel.

The combination of experience, discipline, and strategic direction sets the foundation for Adavale’s next phase of growth, ensuring that exploration outcomes translate into long-term shareholder value.

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