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A junior explorer with projects in tier-one jurisdictions, Adavale Resources (ASX:ADD) focuses on gold and copper alongside valuable uranium and nickel licences. The transformative acquisition of assets in the prolific Lachlan Fold Belt in New South Wales puts the company on a growth trajectory, presenting a compelling investment opportunity for savvy investors.
The company's portfolio spans 354.15 sq km and comprises four tenements: EL7242, EL8830, EL8831 and EL9711. The acquisition of these assets represents a transformational opportunity, strategically positioning Adavale Resources in one of the world’s richest gold and copper belts.
Adavale Resources recently acquired a 72.5 percent interest in the Parkes project, located in the highly prospective Lachlan Fold Belt of New South Wales. Adavale’s flagship project encompasses 354.15 sq km across four tenements in the Lachlan Fold Belt, a region that has produced over 80 million ounces (Moz) of gold and 13 million tonnes (Mt) of copper historically. The London-Victoria gold mine (EL7242) is a cornerstone of this portfolio, with historical production of 200,000 ounces of gold at an average grade of 2 grams per ton (g/t). London-Victoria (EL7242) also recently received a successful renewal until November 2030.
Company Highlights
- A junior explorer, with projects in tier-one jurisdictions; focused on gold and copper, Adavale also holds valuable uranium and nickel licences .
- The January 2025 acquisition of the Parkes project in the Lachlan Fold Belt, spanning 354.15 sq km, strategically positions Adavale to expand on the historic orogenic gold resource (124 koz gold) and make a major epithermal and/or porphyry gold and copper discovery in this tier-1 mining jurisdiction. The Lachlan Fold Belt assets are strategically located near world-class mining operations, including Cadia, Northparkes and Cowal.
- The company’s extensive uranium tenements span 4,959 sq km across the Flinders Ranges and Eyre Peninsula, regions known for hosting tier-one uranium deposits.
- Adavale’s nickel projects in Tanzania’s East African Nickel Belt are strategically located adjacent to the Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit.
- Drilling and resource-definition programs in 2025 will target key gold, copper and uranium assets, building on the company’s diversified growth strategy.
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Adavale Resources
Investor Insight
Adavale Resources’ transformative January 2025 acquisition of gold and copper assets in the prolific Lachlan Fold Belt in New South Wales puts the company on a growth trajectory, presenting a compelling investment opportunity for savvy investors.
Overview
Adavale Resources (ASX:ADD) is a dynamic junior exploration company primarily focused on its flagship gold and copper projects in New South Wales (NSW), within the prolific Lachlan Fold Belt. This portfolio spans 354.15 sq kmand comprises four tenements: EL7242, EL8830, EL8831 and EL9711. The acquisition of these assets represents a transformational opportunity, strategically positioning Adavale Resources in one of the world’s richest gold and copper belts.
Parkes Project in the Lachlan Fold Belt
In addition to gold and copper, Adavale boasts extensive uranium assets in South Australia and nickel projects in Tanzania. These diversified holdings place the company at the forefront of exploration across commodities critical for global industrial and technological advancement.
Adavale Resources is poised for significant growth as it advances its gold and uranium projects through strategic drilling programs in 2025. With a robust exploration pipeline, world-class assets in tier-one jurisdictions, and a leadership team aligned with shareholder interests, the company is well-positioned to capitalise on favourable commodity trends.
Company Highlights
- A junior explorer, with projects in tier-one jurisdictions; focused on gold and copper, Adavale also holds valuable uranium and nickel licences .
- The January 2025 acquisition of the Parkes project in the Lachlan Fold Belt, spanning 354.15 sq km, strategically positions Adavale to expand on the historic orogenic gold resource (124 koz gold) and make a major epithermal and/or porphyry gold and copper discovery in this tier-1 mining jurisdiction. The Lachlan Fold Belt assets are strategically located near world-class mining operations, including Cadia, Northparkes and Cowal.
- The company’s extensive uranium tenements span 4,959 sq km across the Flinders Ranges and Eyre Peninsula, regions known for hosting tier-one uranium deposits.
- Adavale’s nickel projects in Tanzania’s East African Nickel Belt are strategically located adjacent to the Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit.
- Drilling and resource-definition programs in 2025 will target key gold, copper and uranium assets, building on the company’s diversified growth strategy.
Key Projects
Gold and Copper – Lachlan Fold Belt, NSW
Adavale Resources recently acquired a 72.5 percent interest in the Parkes project, located in the highly prospective Lachlan Fold Belt of New South Wales. Adavale’s flagship project encompasses 354.15 sq km across four tenements in the Lachlan Fold Belt, a region that has produced over 80 million ounces (Moz) of gold and 13 million tonnes (Mt) of copper historically. The London-Victoria gold mine (EL7242) is a cornerstone of this portfolio, with historical production of 200,000 ounces of gold at an average grade of 2 grams per ton (g/t). London-Victoria (EL7242) also recently received a successful renewal until November 2030.
Exploration activity in 2024 included diamond drilling, which intersected a 12-meter-thick zone of quartz-carbonate veining and shearing, consistent with high-grade mineralisation seen in historical operations. Assay results from this program are pending and expected to provide critical insights for resource expansion.
In addition to the London-Victoria gold mine, the Ashes Prospect (EL8831) has returned high-grade rock chip samples, including results of 8.8 g/t gold and 5.5 percent copper. Similarly, the Birthday mine (EL8830) boasts historical grades averaging 11 g/t gold. The 2025 exploration strategy focuses on resource definition and advancing London-Victoria to JORC-compliant status, testing extensions, and unlocking additional mineralised zones at these prospects, supported by advanced geophysical and geochemical surveys.
Uranium – South Australia
Adavale holds 4,959 sq kmof uranium-rich tenements across the highly prospective Flinders Ranges outwash and Eyre Peninsula, regions known for hosting tier-1 uranium deposits. Historical drilling has revealed promising results, including intercepts of 1 metre at 263 parts per million (ppm) eU3O8 and 0.65 meters at 235 ppm eU3O8. These results underscore the region’s potential to host significant uranium resources.
The company is advancing its maiden 2,000 metre air core drilling program in Q1 of 2025, targeting paleochannel extensions and uranium redox boundaries, which have been identified through advanced geophysical surveys. Adavale’s uranium portfolio is particularly well-positioned to benefit from increasing global demand for uranium, driven by geopolitical factors, rising nuclear energy investment globally, and surging prices, which reached $106/lb in early 2024.
Nickel – East African Nickel Belt, Tanzania
Adavale’s nickel portfolio includes 1,315 sq km across 12 highly prospective exploration licences in Tanzania’s East African Nickel Belt. It is strategically located next to and along strike of the world-class Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit. Recent exploration at the Luhuma Central prospect has confirmed nickel sulphides in all five drill holes completed, with mineralisation trends extending southwest.
The company employs a combination of geophysical methods, including gravity, magnetics and Heli-EM surveys, to refine its understanding of subsurface structures and identify high-priority drill targets. Adavale’s ongoing exploration in this globally significant nickel belt is expected to build on recent successes, advancing resource definition and project development, making the company well-positioned to make a significant contribution to the global demand for battery metals.
Leadership Team
Allan Ritchie - Executive Chairman and CEO
Allan Ritchie is a seasoned executive with more than 30 years of experience in corporate finance and resource management, including as director and officer of ASX and HK listed companies. Ritchie’s distinguished career spans both the energy, resources, and investment banking sectors, and includes leadership roles in both private and publicly listed companies.
Ritchie has served as non-executive director of ASX listed Hydrocarbon Dynamics (ASX:HCD), and executive director and deputy CEO of HK listed energy group, EPI Holdings (0689.HKEX).
Ritchie’s investment banking background includes structuring commercial transactions in the energy and resources sector. Senior roles include positions within Westpac, ANZ Bank, HSBC and BNP Paribas in Australia, London, New York and Asia Pacific. His investment banking achievements have been recognised several times at the top of BRW’s annual poll of bankers.
Ritchie graduated from the University of Technology in Sydney in 1986 with a Bachelor of Business and subsequently attained a post graduate diploma in Applied Finance from the Financial Services Institute of Australia.
John Hicks - Non-executive Director
John Hicks is a qualified geologist with over 40 years’ experience in exploration and mining in Australia. John is regarded as a nickel sulphide specialist, having held various senior exploration and development roles on several major nickel sulphide projects in Western Australia.
For the previous 15 years, Hicks was the general manager of exploration at Panoramic Resources (ASX:PAN), where he was instrumental in the discovery of the komatiite hosted Deacon and Lower-Schmitz orebodies at Lanfranchi and the intrusive hosted Savannah North nickel orebody in Western Australia. Hicks was also a key member of the team responsible for taking these discoveries through to final investment decisions.
Prior to joining Panoramic, Hicks held various roles with several notable mining companies including Australian Consolidated Minerals and WMC Limited where he worked on the Mount Keith nickel project. As an independent geological consultant between 1998 and 2005, he was involved with the Cosmos and the Honeymoon Well nickel projects.
Maurice (Nic) Matich - Non-executive Director
Maurice (Nic) Matich is a mechanical engineer and finance professional with over 17 years’ experience in the resources sector. His wide industry experience includes the provision of engineering, risk consulting and insurance services to numerous tier-1 mining companies with operations in lithium, iron ore, mineral sands, gold and kaolin.
Matich previously served as managing director of Pinnacle Minerals (ASX:PIM) and executive director of Heavy Minerals (ASX:HVY), delivering both a maiden resource and scoping study (NPV8 $253M) for the Port Gregory project.
He holds a Bachelor of Engineering with Honours, Bachelor of Science (Phys/IT) and a graduate diploma in Applied Finance and is a graduate of the AICD.
Leonard Math - CFO & Company Secretary
Leonard Math is a chartered accountant with extensive experience managing financial operations for ASX listed resources companies. He graduated with a Bachelor of Business (double major in accounting and information systems) from Edith Cowan University in 2003 and became a chartered accountant in September, 2008. He has held multiple director, CFO and company secretary roles in the resources sector, most recently with Summit Minerals (ASX:SUM).
Unlocking gold and copper in a Tier-1 mining jurisdiction, alongside a portfolio of uranium and nickel projects well positioned for the future.
Halcones Precious Metals: Advancing a Significant High-grade Gold Project in Northern Chile
Halcones Precious Metals (TSXV:HPM) is a gold exploration company focused on advancing its high-grade Polaris project in northern Chile, a premier mining region with excellent infrastructure. Polaris hosts multiple surface targets with significant gold values across a large, underexplored property, offering investors exposure to a high-potential discovery in a mining-friendly jurisdiction.
The Polaris Project is located within the metallogenic belt of the Atacama Fault Zone, a major geological corridor known for hosting numerous significant mineral deposits across Chile. Gold mineralization at Polaris is largely controlled by major structures, including the Izcuña and Médano faults, which provided pathways for mineralizing fluids and led to the formation of vein-hosted and stockwork-style gold deposits.
Currently, exploration efforts are focused on two main target areas in the southern part of the property adjacent to the Atacama fault:
- North Zone: A historic mining district with excellent gold assay results at surface
- South Zone: Another area of historic mining activity with high-grade gold values
Company Highlights
- Strategic Land Position: Controls 5,777.5 hectares in a historically productive gold district with multiple high-grade surface targets
- Proven High-grade Gold at Surface: 30 samples returned assays above 10 g/t gold, with values up to 55 g/t gold
- Large Mineralized Footprint: Recent sampling extended the gold-bearing trend to 3.9 km, with potential for further expansion
- Bulk Tonnage Potential: Gold-bearing stockwork mapped over a 250 m x 500 m area, suggesting potential for a large-scale open-pit operation
- Favorable Project Economics: Low-to-moderate elevation project with year-round access and proximity to established infrastructure
- Experienced Leadership: Management team with extensive experience in geology, mining exploration, and capital markets
- Geological Setting: Mineralization similar to well-known Abitibi gold deposits like Sigma-Lamaque, Goldex and Dome
This Halcones Precious Metals profile is part of a paid investor education campaign.*
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Halcones Precious Metals
Investor Insight
Halcones Precious Metals offers investors exposure to a high-grade gold exploration opportunity in mining-friendly Chile, with multiple surface targets showing significant gold values on a large underexplored property that benefits from excellent infrastructure.
Overview
Halcones Precious Metals (TSXV:HPM) is an emerging gold exploration company with a strategic focus on developing high-potential precious metals projects in Chile. The company's flagship Polaris project is located in the prolific mining region of northern Chile, approximately 150 km south of Antofagasta and 70 km north of Taltal.
Chile is one of the world's premier mining jurisdictions, known for its stable regulatory framework, developed infrastructure, and rich mineral endowment. The country is the world's largest copper producer and has a long history of successful mining operations by both major and junior companies. Chile's mining-friendly policies, skilled workforce, and established support services make it an attractive destination for mineral exploration and development.
The gold market is currently experiencing favorable macroeconomic tailwinds. Persistent global inflation concerns, geopolitical uncertainties, and central bank gold purchasing have pushed gold prices to record levels in 2025. As investors seek safe-haven assets amid economic volatility, gold exploration companies with promising early-stage assets like Halcones are well-positioned to capitalize on these market conditions.
Company Highlights
- Strategic Land Position: Controls 5,777.5 hectares in a historically productive gold district with multiple high-grade surface targets
- Proven High-grade Gold at Surface: 30 samples returned assays above 10 g/t gold, with values up to 55 g/t gold
- Large Mineralized Footprint: Recent sampling extended the gold-bearing trend to 3.9 km, with potential for further expansion
- Bulk Tonnage Potential: Gold-bearing stockwork mapped over a 250 m x 500 m area, suggesting potential for a large-scale open-pit operation
- Favorable Project Economics: Low-to-moderate elevation project with year-round access and proximity to established infrastructure
- Experienced Leadership: Management team with extensive experience in geology, mining exploration, and capital markets
- Geological Setting: Mineralization similar to well-known Abitibi gold deposits like Sigma-Lamaque, Goldex and Dome
Key Project: Polaris
The Polaris project is Halcones' flagship asset located in Chile's Coastal Belt, a region known for its significant mining history and mineral potential. The 5,777.5-hectare property is easily accessible via the Pan-American Highway and Route B-710, situated only 4 km from the Pacific Ocean. This strategic location provides exceptional logistical advantages, including proximity to the major mining center of Antofagasta, the ports of Antofagasta and Mejillones, and established power infrastructure.
The project is situated within the metallogenic belt of the Atacama Fault Zone, a major geological structure that hosts numerous significant mineral deposits throughout Chile. Mineralization at Polaris is primarily controlled by major faults, including the Izcuña Fault and Médano Fault, which created open spaces for mineralizing fluids, resulting in vein-hosted and stockwork gold mineralization.
Currently, exploration efforts are focused on two main target areas in the southern part of the property adjacent to the Atacama fault:
- North Zone: A historic mining district with excellent gold assay results at surface
- South Zone: Another area of historic mining activity with high-grade gold values
Historical mining at Polaris dates back to the early 20th century, when artisanal miners extracted high-grade gold from quartz veins and breccias. In the 1970s, smaller operations by local miners extracted approximately 5 tons of material per month over a decade. Despite this history of production, the property has never been systematically explored using modern techniques.
Recent surface sampling programs have significantly expanded the known mineralized footprint, extending the gold-bearing trend to 3.9 km with potential extensions of 2 km north and 1.5 km south. Chip channel samples have returned impressive values including 29.04, 20.05, 13.08, and 10.67 grams per ton (g/t) gold. The gold mineralization is strongly related to diorite rocks and quartz veins, with extensive stockwork veining indicating a well-developed system.
A particularly promising aspect of the Polaris project is the potential for bulk-minable stockwork mineralization. Gold-bearing stockwork has been mapped over a 250 m x 500 m area, with unknown limits. Initial surface sampling returned encouraging results, including an 85-meter channel sample averaging 1.21 g/t gold and a 30-meter sample in an old adit averaging 1.02 g/t gold.
The geological setting at Polaris is analogous to certain well-known Abitibi gold deposits such as Sigma-Lamaque, Dome and Goldex. Like these deposits, Polaris is:
- Adjacent to a large, long-lived and active continental-scale crustal break
- Host to historic high-grade mining focused on larger quartz veins at surface
- Characterized by a large surface expression of highly anomalous gold mineralization
- Potentially amenable to both high-grade selective mining and bulk tonnage approaches
With most of the large property remaining unexplored, Halcones is committed to an aggressive exploration program, including plans to complete 2,000 meters of drilling within 12 months as part of its acquisition commitments. The near-surface nature of the mineralization suggests potential for cost-effective open-pit mining if sufficient resources are delineated.
Management Team
Ian Parkinson - CEO and Director
Ian Parkinson brings a unique combination of industry and capital markets experience to Halcones. He spent 16 years as a sell-side mining analyst for several leading brokerage firms including Stifel GMP, GMP Securities, and CIBC World Markets. Prior to his analyst career, he worked for 10 years with Falconbridge and Noranda in various roles spanning exploration, development, metals trading, marketing, and business development. Parkinson holds an earth science degree from Laurentian University in Sudbury, Ontario.
Vern Arseneau - COO and Director
Vern Arseneau has over 40 years of experience in exploration, project management and development, with the last 25 focused in South America, particularly Peru, Chile and Argentina. He spent 20 years working as exploration manager and senior geologist for Noranda and served as general manager of Noranda's Peru office. As vice-president exploration for Zincore Metals, he oversaw exploration and feasibility studies of two zinc deposits and discovered the Dolores copper-molybdenum porphyry in Peru. Arseneau holds a Bachelor of Science in geology.
Greg Duras - CFO
Greg Duras is a senior executive with over 20 years of experience in the resource sector, specializing in corporate development, financial management, and cost control. He has held CFO positions at several publicly traded companies, including Savary Gold, Nordic Gold and Avion Gold. Currently, he also serves as CFO of Red Pine Exploration. Duras is a certified general accountant and a certified professional accountant with a Bachelor of Administration from Lakehead University.
Larry Guy - Chairman
Larry Guy is a managing director with Next Edge Capital focused on strategic partnerships, initiatives, and new product development. His previous roles include vice-president with Purpose Investments and portfolio manager with Aston Hill Financial. He also co-founded Navina Asset Management, where he served as chief financial officer and director before the company was acquired by Aston Hill Financial. Guy holds a BA in Economics from the Western University and is a chartered financial analyst.
Patrizia Ferrarese - Director
Patrizia Ferrarese brings over 20 years of experience in capital markets, entrepreneurship and strategy consulting to the board. Currently VP of business design and innovation at Investment Planning Counsel, she oversees strategic growth initiatives in wealth management. Her career includes equity and options market making and trading in North America and co-founding an investment management company. Ferrarese is pursuing her Doctorate in Business Administration at SDA Bocconi and holds an MBA from Wilfrid Laurier University and a Bachelor of Arts (Honours) in Economics from York University.
Michael Shuh - Director
Michael Shuh is a managing director of investment banking at Canaccord Genuity with over 20 years of experience. He leads the Financial Institutions Group at Canaccord Genuity, Canada's largest independent investment bank, and has deep expertise in structured finance and special purpose acquisition corporations. He serves as CEO and chairman of Canaccord Genuity Growth II, a publicly-listed SPAC that raised $100 million to pursue acquisitions. Shuh holds an Honours Bachelor of Business Administration from the Lazaridis School of Business & Economics at Wilfrid Laurier University and an MBA from the Richard Ivey School of Business at Western University.
Ben Bowen - Director
Ben Bowen has 20 years of experience building businesses across multiple sectors. After beginning his career with Xerox Canada, he acquired Seaway Document Solutions in 2002, which was subsequently sold in 2013. He later co-founded and served as CEO of a software company serving the global shared workspace industry. Bowen currently operates Open Door Media, a full-stack marketing firm focused on the lifestyle industry, and is a founder of Innovate Kingston.
Damian Lopez - Corporate Secretary
Damian Lopez is a corporate securities lawyer who works as a legal consultant to various TSX and TSX Venture Exchange listed companies. He previously worked as a securities and merger & acquisitions lawyer at a large Toronto corporate legal firm, where he worked on a variety of corporate and commercial transactions. Lopez obtained a Juris Doctor from Osgoode Hall and received a Bachelor of Commerce with a major in Economics from Rotman Commerce at the University of Toronto.
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