Adavale Resources Limited
ADRLF
Other OTC0.03
USD
- -
- -
ISIN
AU000000ADD1
Return %
Stock
S&P500
1Y
-86.63
26.84
3Y
-86.63
77.03
5Y
-97.50
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Allan Ritchie
- Sector
- Energy
- Industry
- Uranium
- Address
- 49 Oxford Close West Leederville WA Australia 6007
- IPO Date
- Jul 28, 2021
- Website
- adavaleresources.com
- Similar Companies
- Business
- Adavale Resources Limited (ASX:ADD; OTC:ADRLF) engages in mineral exploration for gold, copper, uranium and nickel across projects in Australia and Tanzania. The company holds a 72.5% interest in the Parkes Gold and Copper Project in New South Wales' Lachlan Fold Belt, comprising four exploration licences covering 354 square kilometres adjacent to the Northparkes and Cadia-Ridgeway mines; it targets orogenic gold at the London-Victoria Mine with a historical resource estimate, epithermal and porphyry-style Au-Cu mineralisation at Ashes, Myalls and Corner prospects; its South Australian uranium portfolio spans approximately 4,959 square kilometres across 11 licences including the Marree Project in the northern Flinders Ranges with MacDonnell Creek and George Creek prospects prospective for paleochannel-hosted uranium, and additional Eyre Peninsula licences; the Tanzanian nickel portfolio includes the Kabanga Jirani project with 12 granted licences totalling 1,215 square kilometres and the Luhuma project covering 99 square kilometres, both along the Karagwe-Ankolean belt proximal to the world-class Kabanga Nickel deposit. Founded in 1969 and headquartered at Level 2, 49 Oxford Close, West Leederville, Western Australia, Adavale operates primarily in the non-energy minerals sector, targeting institutional and retail investors seeking exposure to energy transition metals and precious/base metals in tier-1 jurisdictions. In late 2024 and early 2025, the company initiated and completed the acquisition of its 72.5% Parkes interest for shares and options valued alongside a A$1.675 million placement to sophisticated investors including director participation; secured 100% Native Title Mining Agreements with Dieri Aboriginal Corporation and Adnyamathanha Traditional Lands Association for the Marree uranium project; completed heritage surveys clearing 17 line kilometres for a planned 2,000 metre aircore drilling program at MacDonnell and George Creeks pending final approval; expanded its uranium holdings through acquisition of EL6553 from Kilonova Metals and granting of new Eyre Peninsula licences; and conducted a site visit to Parkes confirming high-priority targets with geochemical programs proposed at Ashes and Myalls prospects.