# Adavale turns zero into 383koz gold in 20 months at Parkes Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--6414962b-c9b2-4779-9983-b4f3675d9047 Original source: https://stockhead.com.au/resources/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes/ Publisher: stockhead Original announcement: 2026-09-22T01:44:20.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T03:04:33.533Z Atlas analysis updated: 2026-09-22T03:04:33.533Z - Company: Adavale Resources - Ticker: ADD - Exchange: Unavailable - Region: NSW - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-22 03:04:34 UTC Narrative sentiment: 1.00 · Bullish ## Minestarters Atlas summary Adavale Resources has expanded its Parkes project gold resource to 383,300oz from 13.45Mt at 0.89g/t Au. The update includes significant growth at the London-Victoria deposit and the addition of new inferred resources at Victoria South, Armstrongs, and Calarie. Reasoning: The company has rapidly built a 383koz gold resource from zero in 20 months, significantly increasing the scale of the Parkes project. - Positive factor: Significant tonnage and grade growth at London-Victoria - Positive factor: Expansion of resource inventory through new satellite targets - Positive factor: High proportion of indicated resource \(48%\) at London-Victoria - Positive factor: Transition from purely historical data to modern drilling-supported resource Facts used in scoring: 5 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The project had no gold mineral resource reported in January 2025. Evidence · text > When the original Parkes ground was first acquired in January 2025, the project had no gold mineral resource reported **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The total resource inventory has grown significantly from zero to 13.45Mt. Evidence · text > built up an inventory of 13.45Mt at 0.89g/t Au for 383,300oz of contained gold ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--6414962b-c9b2-4779-9983-b4f3675d9047#fact-resource-facts-0) Parkes · gold #### Identity - Project: Parkes - Commodity: gold - Region: australia\_nsw - Reported Region: NSW - Ticker: ADD #### Resource scope - Estimate type: resource - Resource group id: resource:894428516b0b983aa152 - Deposit or zone: London-Victoria - Mining method: combined - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 4675200 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 126200 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Indicated resource at the primary deposit showing strong continuity and growth. - Positive factor: High confidence category - Positive factor: Significant growth from previous estimate Evidence · text > About 48% of the London-Victoria resource, or 126,200oz of contained gold, sits within the higher confidence indicated category. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--6414962b-c9b2-4779-9983-b4f3675d9047#fact-resource-facts-1) Parkes · gold #### Identity - Project: Parkes - Commodity: gold - Region: australia\_nsw - Reported Region: NSW - Ticker: ADD #### Resource scope - Estimate type: resource - Resource group id: resource:f28260c4e964c74515ac - Deposit or zone: London-Victoria - Mining method: combined - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 5064800 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 136500 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t Au #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Large inferred component at the main deposit. - Positive factor: Significant volume - Negative factor: Inferred category limits confidence Evidence · text > London-Victoria reaches 263koz, with 126koz now in indicated category #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--6414962b-c9b2-4779-9983-b4f3675d9047#fact-resource-facts-2) Parkes · gold #### Identity - Project: Parkes - Commodity: gold - Region: australia\_nsw - Reported Region: NSW - Ticker: ADD #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:91a50073ff797598758e - Deposit or zone: Victoria South - Mining method: combined #### Resource Data - Category: inferred - Contained Metal: 18000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: New satellite resource added to inventory. - Positive factor: New resource addition Evidence · text > New inferred resources at Victoria South and Armstrongs add 18,000oz and 51,800oz respectively #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--6414962b-c9b2-4779-9983-b4f3675d9047#fact-resource-facts-3) Parkes · gold #### Identity - Project: Parkes - Commodity: gold - Region: australia\_nsw - Reported Region: NSW - Ticker: ADD #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:41163aedccdb29325642 - Deposit or zone: Armstrongs - Mining method: combined #### Resource Data - Category: inferred - Contained Metal: 51800 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: New satellite resource added to inventory. - Positive factor: New resource addition Evidence · text > New inferred resources at Victoria South and Armstrongs add 18,000oz and 51,800oz respectively #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/adavale-turns-zero-into-383koz-gold-in-20-months-at-parkes--6414962b-c9b2-4779-9983-b4f3675d9047#fact-resource-facts-4) Parkes · gold #### Identity - Project: Parkes - Commodity: gold - Region: australia\_nsw - Reported Region: NSW - Ticker: ADD #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:e6b7fe6920e74d00acf1 - Deposit or zone: Calarie - Mining method: combined #### Resource Data - Category: inferred - Contained Metal: 50800 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: New satellite resource added to inventory. - Positive factor: New resource addition Evidence · text > Calarie contributes a further 50,800oz. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.