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Adavale Sells Uranium Portfolio to Orpheus to Focus on Parkes Gold-Copper Project
8:51am on Thursday 11th of June, 2026 AEST
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Mining
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Adavale Sells Uranium Portfolio to Orpheus to Focus on Parkes Gold-Copper Project
8:51am on Thursday 11th of June, 2026 AEST
Key Points
Sale of 7 uranium exploration licences for $650,000 cash plus 5 million ORP shares
Retains uranium exposure via 1.4% stake in Orpheus Uranium
Proceeds support exploration at Parkes Thrust gold-copper project with 166koz resource
Parkes Project now covers 70km strike with 12 licences including London-Victoria and Calarie
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