ADD: Mining Forum Americas 2026 Presentation
Original announcement by asx on
- Company
- Adavale Resources Ltd
- Ticker
- ADD
- Exchange
- ASX
- Region
- New South Wales
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Resource update
- Extracted
- 2026-09-30 07:34:38 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Adavale Resources has updated its Mineral Resource Estimate for the Parkes Project, reporting a total inventory of 383,300oz Au across 13.45Mt. The update is driven by an upgraded London-Victoria resource following 18,000m of new drilling.
Reasoning: The presentation announces an upgraded Mineral Resource Estimate (MRE) for the London-Victoria and Victoria South areas, significantly increasing the total Parkes inventory to 383koz Au.
Positive factors
- Significant tonnage and contained metal growth
- Upgraded M&I component
- Brownfield assets with existing infrastructure
- Near-term production potential
Facts used in scoring: 8
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The presentation highlights an 'Updated Upgraded MRE' for London-Victoria.
Evidence · text
“Updated Upgraded MRE”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: Calarie is presented as a separate 51koz Au resource, likely a maiden or distinct component.
Evidence · text
“Calarie ML 51koz Au acquired”
Extracted facts
Stored fact records: 8. Some facts used in scoring do not have a stored record.
Resource Estimates (8)
indicatedParkes · goldTonnes: 29500000Grade: 0.59Grade Unit: %Contained Metal: 29500Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:343740f4667509ce9742
- Deposit or zone
- London-Victoria
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 29500000
- Grade
- 0.59
- Grade Unit
- %
- Contained Metal
- 29500
- Contained Unit
- oz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-09-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Indicated resource component for oxide material at London-Victoria.
Positive factors
- Indicated category provides higher geological confidence
Evidence · table
“29,500”
Context: 29,500
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredParkes · goldTonnes: 19300000Grade: 0.86Grade Unit: %Contained Metal: 19300Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:b930b968b7ef9b39c645
- Deposit or zone
- London-Victoria
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 19300000
- Grade
- 0.86
- Grade Unit
- %
- Contained Metal
- 19300
- Contained Unit
- oz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-09-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Inferred resource component for oxide material at London-Victoria.
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“19,300”
Context: 19,300
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedParkes · goldTonnes: 96700000Grade: 0.73Grade Unit: %Contained Metal: 96700Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:0afd3e49cfb686d0bdfe
- Deposit or zone
- London-Victoria
- Mining method
- open_pit
- Material type
- fresh
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 96700000
- Grade
- 0.73
- Grade Unit
- %
- Contained Metal
- 96700
- Contained Unit
- oz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-09-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Indicated resource component for fresh material at London-Victoria.
Positive factors
- Indicated category provides higher geological confidence
Evidence · table
“96,700”
Context: 96,700
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredParkes · goldTonnes: 117200000Grade: 1.08Grade Unit: %Contained Metal: 117200Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:fac8124dab5550d3e653
- Deposit or zone
- London-Victoria
- Mining method
- open_pit
- Material type
- fresh
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 117200000
- Grade
- 1.08
- Grade Unit
- %
- Contained Metal
- 117200
- Contained Unit
- oz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-09-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Inferred resource component for fresh material at London-Victoria.
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“117,200”
Context: 117,200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredParkes · goldTonnes: 16600000Grade: 0.77Grade Unit: %Contained Metal: 16600Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:a91866f649fe268c9075
- Deposit or zone
- Victoria South
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 16600000
- Grade
- 0.77
- Grade Unit
- %
- Contained Metal
- 16600
- Contained Unit
- oz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-09-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Inferred resource component for oxide material at Victoria South.
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“16,600”
Context: 16,600
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredParkes · goldTonnes: 50000Grade: 0.88Grade Unit: %Contained Metal: 1400Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:8e9b9ac0def113062c89
- Deposit or zone
- Victoria South
- Mining method
- open_pit
- Material type
- sulphide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 50000
- Grade
- 0.88
- Grade Unit
- %
- Contained Metal
- 1400
- Contained Unit
- oz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-09-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Inferred resource component for sulphide material at Victoria South.
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1,400”
Context: 1,400
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredParkes · goldTonnes: 21200000Grade: 0.76Grade Unit: %Contained Metal: 51800Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:59745196875582604d1c
- Deposit or zone
- Armstrongs
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 21200000
- Grade
- 0.76
- Grade Unit
- %
- Contained Metal
- 51800
- Contained Unit
- oz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-09-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Inferred resource component for oxide material at Armstrongs.
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“51,800”
Context: 51,800
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredParkes · goldTonnes: 870000Grade: 1.83Grade Unit: g/tContained Metal: 50800Contained Unit: ozView all detailsHide details
Identity
- Project
- Parkes
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- ADD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Berry
- Resource group id
- resource:ef55b042374cc2114106
- Deposit or zone
- Calarie
- Mining method
- open_pit
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 870000
- Grade
- 1.83
- Grade Unit
- g/t
- Contained Metal
- 50800
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-06-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Inferred resource for Calarie deposit.
Positive factors
- High grade intercept
Evidence · table
“50,800”
Context: 50,800
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
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.