Company Profile
Adavale Resources (ASX: ADD) - gold and copper explorer-developer focused on the Belt-Scale Parkes Project in the Lachlan Fold Belt of NSW, Australia - a Tier 1 mining jurisdiction
Adavale's tenements span ~610km2 including the Calarie Mining Licence and the London Victoria Mine with a combined historical resource of 166,000 oz Au (JORC 2012) as well as an additional 10 licences, with all licences spanning 70km of contiguous belt scale strike highly prospective for Au-Cu.
Located adjacent to the giant ASX:EVN’s Northparkes (5.2Moz Au & 4.4Mt Cu) copper-gold porphyry and along the Parkes Thrust Hosted orogenic deposits including our London-Victoria, Calarie and ASX:ALK’s Tomingley operations and Peak Hill deposit. The project area encompass’ the highly prospective Ordovician-aged rocks of the Macquarie Arc which includes ASX:NEM massive Cadia-Ridgeway (35Moz Au & 7.9Mt Cu) copper-gold porphyry.