# StockTake: Adavale lifts Parkes gold resource to 383koz

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/stocktake-adavale-lifts-parkes-gold-resource-to-383koz--4df998d4-31c0-479e-9817-2080dc2cabc3

Original source: https://stockhead.com.au/stockhead-tv/stocktake/stocktake-adavale-lifts-parkes-gold-resource-to-383koz/

Publisher: stockhead

Original announcement: 2026-09-22T01:20:07.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-22T03:07:32.295Z

Atlas analysis updated: 2026-09-22T03:07:32.295Z

- Company: Adavale Resources

- Ticker: ADD

- Exchange: Unavailable

- Region: New South Wales

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update

- Extracted: 2026-09-22 03:07:32 UTC

Narrative sentiment: 1.00 · Bullish

## Minestarters Atlas summary

Adavale Resources has increased its Parkes gold resource in New South Wales to 383,000oz. This growth was primarily driven by a major uplift at the London-Victoria zone, which now contains approximately 263,000oz of gold following a recent drilling campaign.

Reasoning: The announcement reports a significant increase in the Parkes gold resource to 383koz, driven by new drilling results at the London-Victoria zone.

- Positive factor: Significant increase in total gold resource inventory

- Positive factor: Major uplift at London-Victoria zone

Facts used in scoring: 2

## Classification and evidence

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: The resource inventory was increased to 383,000oz following a drilling campaign.

Evidence · text

> grew its Parkes gold resource inventory in New South Wales to 383,000oz

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Resource Estimates (2)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/stocktake-adavale-lifts-parkes-gold-resource-to-383koz--4df998d4-31c0-479e-9817-2080dc2cabc3#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
- Resource group id: resource:c569c89bcb1006d39640

#### Resource Data

- Category: inferred
- Contained Metal: 383000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: Total project resource reported at 383koz.

- Positive factor: Total resource inventory increase

Evidence · text

> grew its Parkes gold resource inventory in New South Wales to 383,000oz

#### 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

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/stocktake-adavale-lifts-parkes-gold-resource-to-383koz--4df998d4-31c0-479e-9817-2080dc2cabc3#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
- Resource group id: resource:60b5b65359ac680998d2
- Deposit or zone: London-Victoria

#### Resource Data

- Category: inferred
- Contained Metal: 263000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: London-Victoria zone contributes the bulk of the resource uplift.

- Positive factor: Major uplift at specific zone

Evidence · text

> London-Victoria, which now hosts about 263,000oz of contained gold

#### 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

**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

## 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.