# ADD: Mining Forum Americas 2026 Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146373 Publisher: asx Original announcement: 2026-09-30T06:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T07:34:37.606Z Atlas analysis updated: 2026-09-30T07:34:37.606Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant tonnage and contained metal growth - Positive factor: Upgraded M&I component - Positive factor: Brownfield assets with existing infrastructure - Positive factor: Near-term production potential Facts used in scoring: 8 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: 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 Resource** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-0) Parkes · gold #### 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 factor: Indicated category provides higher geological confidence Evidence · table > 29,500 Context: 29,500 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-1) Parkes · gold #### 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 factor: Inferred category has lower geological confidence Evidence · table > 19,300 Context: 19,300 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-2) Parkes · gold #### 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 factor: Indicated category provides higher geological confidence Evidence · table > 96,700 Context: 96,700 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-3) Parkes · gold #### 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 factor: Inferred category has lower geological confidence Evidence · table > 117,200 Context: 117,200 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-4) Parkes · gold #### 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 factor: Inferred category has lower geological confidence Evidence · table > 16,600 Context: 16,600 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-5) Parkes · gold #### 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 factor: Inferred category has lower geological confidence Evidence · table > 1,400 Context: 1,400 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-6) Parkes · gold #### 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 factor: Inferred category has lower geological confidence Evidence · table > 51,800 Context: 51,800 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/add-mining-forum-americas-2026-presentation--75e42955-0dd4-4034-8111-1bb81738d69f#fact-resource-facts-7) Parkes · gold #### 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 factor: High grade intercept Evidence · table > 50,800 Context: 50,800 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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.