Adavale Secures EL9785 Containing High-Grade Gold Mine, Plans 2025 Drilling
Adavale Resources has been granted exploration license EL9785, including the high-grade Koh-I-Noor gold mine, adjacent to its Parkes Project in NSW. The company plans detailed exploration and a maiden drilling campaign in 2025 to unlock further mineral potential.
- Granted EL9785 adjacent to Parkes Project in Lachlan Fold Belt
- Historic Koh-I-Noor mine produced gold grades up to 43.8 g/t
- Over 371 km² tenure in a Tier-1 mining jurisdiction
- Maiden drilling program planned for Q2 2025
- Ongoing geochemical surveys and target generation underway
Strategic Expansion in a World-Class Mining District
Adavale Resources Limited (ASX, ADD) has taken a significant step forward in its exploration ambitions by securing exploration license EL9785, a 17.24 km² parcel of land adjacent to its existing Parkes Project in the Lachlan Fold Belt of central-western New South Wales. This region is renowned for hosting some of Australia's most prolific gold and copper mines, including Cadia Ridgeway and Northparkes, which have produced tens of millions of ounces of gold and millions of tonnes of copper.
Historic High-Grade Koh-I-Noor Mine at the Core
The newly granted tenement includes the historic Koh-I-Noor underground mine, which was mined to a depth of 304 metres and yielded exceptionally high gold grades, reportedly reaching 43.8 grams per tonne. This legacy mine offers a tantalising exploration target for Adavale, with potential to extend mineralisation both laterally and at depth beyond the historical workings. The company has already secured land access and is preparing to undertake detailed geological mapping and geophysical surveys to better understand the mineralisation controls.
Comprehensive Exploration Program Underway
Adavale is advancing multiple exploration fronts at the Parkes Project. Recent geochemical sampling campaigns have collected 279 soil samples and 19 rock chips, with assay results pending. These data will inform target prioritisation, including areas such as Parkvale South. Importantly, the company is on track to commence its maiden drilling program in the second quarter of 2025, aiming to test the most promising targets generated from ongoing surface work and historical data reinterpretation.
Positioned in a Tier-1 Jurisdiction with Significant Ground Holding
With over 371 km² of tenure in the Lachlan Fold Belt, Adavale is establishing itself as a major player in a Tier-1 mining jurisdiction. The Macquarie Arc Volcanics, which underlie the Parkes Project and EL9785, are known to host world-class deposits. This strategic landholding provides a strong platform for potential discovery and development, supported by the company’s diversified portfolio that also includes uranium prospects in South Australia and nickel sulphide projects in Tanzania.
Looking Ahead
Executive Chairman and CEO Allan Ritchie emphasised the significance of the new tenement, highlighting the historical high-grade production and the company’s confidence in uncovering further mineralisation. As Adavale moves towards drilling and continues to refine its exploration targets, the market will be watching closely for assay results and any indications of resource expansion.
Bottom Line?
Adavale’s acquisition of EL9785 and focus on the high-grade Koh-I-Noor mine sets the stage for a pivotal exploration phase in 2025.
Questions in the middle?
- What will the maiden drilling program reveal about the extent of mineralisation at Koh-I-Noor?
- How might assay results from ongoing geochemical surveys influence target prioritisation?
- Could discoveries at EL9785 materially impact Adavale’s resource base and valuation?
