Adavale Resources (ASX:ADD) builds momentum with gold-weighted multi-commodity growth platform

Adavale Resources (ASX:ADD) is carving out a gold-weighted growth story from the heart of New South Wales Lachlan Fold Belt, while maintaining strategic exposure to uranium and nickel, a combination that positions the company squarely within both the precious metals and energy transition narratives.

Highlights

• Maiden JORC Inferred Resource: 3.14Mt @ 1.06g/t Au for 107,000oz at London–Victoria

• Widest gold intercept in 30 years: 48m @ 0.82g/t Au including 25m @ 1.17g/t Au

• Extensive 371km² Parkes tenure in the Lachlan Fold Belt with multiple high-grade prospects

• Diversified exposure to uranium and nickel through assets in South Australia and Tanzania

• 12-month target price of A$0.152/share, representing a 280% potential upside

The company’s Parkes Gold–Copper Project has quickly emerged as its flagship, with a maiden JORC Inferred Mineral Resource of 3.14Mt at 1.06g/t gold for 107,000 ounces at the London–Victoria deposit.

That milestone, achieved in May 2025, signalled Adavale’s evolution from a pure explorer into a resource-backed growth company.

Recent drilling has strengthened that foundation.

The standout result from hole ALRC014 returned 48 metres at 0.82g/t gold, including 25 metres at 1.17g/t gold, the widest gold intercept at London–Victoria in more than three decades.

Mineralisation remains open beneath the existing pit and beyond the current resource envelope, underpinning a clear pathway for expansion.

The Parkes Project spans 371km² across a tenement package dotted with high-priority prospects.

At Parkvale South, rock chips grading up to 22.2g/t gold underline near-term discovery potential, while the Koh-I-Noor historic mine, only 2.7km east of London–Victoria, adds further high-grade upside.

The district sits within easy reach of major deposits such as Northparkes, Cowal and Cadia, highlighting the geological pedigree of Adavale’s ground.

Beyond gold, Adavale’s South Australian uranium portfolio covers almost 5,000km² and includes advanced prospects such as MacDonnell Creek, where historical drilling returned up to 263ppm eU₃O₈.

Heritage clearances are complete, paving the way for a 2,000–3,000 metre Aircore program.

In Tanzania, its 1,300km² nickel holdings adjoin the world-class Kabanga deposit, offering future leverage to battery metal demand when markets turn.

“We view the Parkes Project as the cornerstone of Adavale’s investment case, a strategically located, technically robust and fast-advancing discovery that offers clear pathways to resource growth and future development,” the report notes.

With gold trading at record levels and copper demand expected to accelerate through electrification, Adavale’s focus on two of the world’s most resilient commodities is timely.

Its 12-month target valuation of A$0.152/share implies a 280% potential upside, supported by ongoing drilling and upcoming catalysts including a Phase 2 program and a 2026 resource update.

As drilling momentum builds across Parkes, Adavale Resources is steadily evolving into a multi-commodity growth platform with exposure to gold, copper, uranium and nickel.

The near-term goal is clear, grow the resource base and establish Parkes as a foundation asset in one of Australia’s most prolific mining belts.