Adavale Resources Limited (AU:ADD) has released an update.
Adavale Resources Limited is expanding its uranium exploration efforts with the application of four new Exploration Licences in South Australia, covering an area of 2,446 km2 east of Ceduna. This strategic move is based on the promising high-grade uranium prospectivity in the region, particularly within the palaeochannels that are known to emanate from the Hiltaba Suite granites. The expansion not only enlarges the company’s footprint to 5,103 km2 but also sets the stage for future exploratory work in the uranium-rich areas following the Marree Embayment and MacDonnell Creek drilling programs.
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