Adavale Resources (ASX: $ADD) Exploration Program Completion

Adavale Resources Limited (ASX: $ADD) has successfully completed the maiden exploration program on EL6821 and EL6957, Mundowdna and Mundowdna South, within the Company's expanding Uranium portfolio in South Australia. The program was completed ahead of schedule and under budget, with all of the key objectives completed.

Executive Commentary on Exploration Program

The Mundowdna and Mundowdna South reconnaissance programs marked the start of a busy uranium exploration program for the Company. I congratulate the field crew on an excellent job by completing the program in half the anticipated time. The geophysical data is now being processed and we look forward to interpreting it with the soil results in early June. Drilling targets will be determined shortly afterwards.

Summary of Mundowdna Uranium Exploration Program

Adavale Resources Limited (ASX: $ADD) has successfully completed the maiden exploration program on EL6821 and EL6957, Mundowdna and Mundowdna South, under budget and ahead of schedule. The program included gravity and gamma spectrometer surveying, with 760 soil samples and rock chips collected along ~80 line kilometres. Assay results are expected early June, and gravity survey results are due within two weeks. The Company's Executive Director, David Riekie, expressed satisfaction with the program's efficiency and highlighted the upcoming interpretation of geophysical data and determination of drilling targets. Adavale Resources holds 5 granted exploration licences for sedimentary uranium potential in South Australia and has recently acquired an additional exploration licence to expand its strategic holding. The Company also holds the Kabanga Jirani Nickel Project in Tanzania, with a portfolio of highly prospective granted licences along the Karagwe-Ankolean belt.