Adavale Resources Limited · ASX:ADD
Adavale Resources — Mining Forum Americas 2026
21 slides from Adavale Resources's conference presentation, Sep 30, 2026
Slide 1: Belt-Scale Gold Project in a Tier 1 Jurisdiction
ASX:ADD Belt-Scale Gold Project in a Tier 1 Jurisdiction Zero to 383koz in 20 Months • Updated Upgraded MRE • Near Term Production • Exploration Upside Sep 2026
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Adavale Resources Ltd (ASX:ADD).This presentation contains background information about ADD current at the date of this presentation. The presentation is in summary form, has not been independently verified and does not purport be
Slide 3: Corporate Overview
Corporate Overview Price1 Volume2 0.08 25.0 M Share Price (18/09/2026) $0.045 0.07 Shares On Issue 395.8m 20.0 M 0.06 Market Capitalisation $17.8m 0.05 Cash 30 Jun ‘26 ~$2m 15.0 M Options on Issue 250.7m 0.04 10.0 M Performance Rights 43.2m 0.03 Top 20 Shareholders (Beneficial Ownership) 62% 0.02 5.
Slide 4: Tier 1 Jurisdiction – 160Moz AuEq Resource Endowment
Tier 1 Jurisdiction – 160Moz AuEq Resource Endowment Calarie ML 51koz Au acquired from ASX:OMX, ASX:GRL et al, being 3rd All-Scrip acquisition in 14 mths giving a dominant footprint along the Belt-Scale Parkes Gold Project. Prior Acquisitions were from ASX:ALK and AEI same vendor as Spur project for
Slide 5: Surrounded by Giants, Lachlan Fold Belt
Surrounded by Giants, Lachlan Fold Belt Up to A$145m earn-in deal with Purchase of Cargo/Spur project, Up to A$75m option/JV deals with Purchase of MAC Copper and the Inflection Resources & up to A$110m share price move of 50x following re- Gold & Copper. CSA mine for A$1.53bn, earn-in deal with Kin
Slide 6: Parkes Project Belt Scale Consolidation
Parkes Project Belt Scale Consolidation AEI Acquisition ADD Applications ALK Acquisition OMX/GRL/Mon/PH Acquisition 24 Jan 2025 10 Jun 2025 / 3 Nov 2025 17 Feb 2026 21 May 2026 354km² 380km² 441km² 610km² 22 Sept 2026 London-Victoria & Armstongs 332koz Market Cap - 24 Jan 2025 Market Cap – 3 Nov 202
Slide 7: Snapshot
Snapshot Resources • 383koz Au London-Victoria Resource Upgrade from 18,000m of new drilling Tenement Holding • 610km² Parkes Thrust Whole southern strike ASX:ADD 7
Slide 8: London-Victoria Mine (Brownfield)
London-Victoria Mine (Brownfield) ▪ Located 20km South of Northparkes Mine (ASX:EVN) and 50km South of Tomingley Mine (ASX:ALK) ▪ Historic London-Victoria Gold Mine Produced c.155koz Au via open-pit mining at 1.5 g/t Au along 1.5km of strike, with higher-grade lodes, up until 1998. ▪ London-Victoria
Slide 9: London-Victoria Infrastructure
London-Victoria Infrastructure ASX:ADD 9
Slide 10: London-Victoria Phase 1 was good, Phase 2 even better
London-Victoria Phase 1 (Sep 25) was good, Phase 2 (Feb 26) even better 28m @ 1.53g/t Au 25m @ 1.17g/t Au 13m @ 9.66g/t Au 11m @ 4.87g/t Au 10m @ 1.95g/t Au Southern Pit Long Section & Phase 2 - ALRC019 drill result Northern Pit Long Section & Phase 1 - ALRC001 drill result Refer ASX Announcement 9
Slide 11: Drillout Completed Aug 26
Drillout Completed Aug 26 19m @ 4.00g/t Au including 4m @ 15.0g/t Au 19m @ 4.0g/t Au Incl 4m @ 15.0g/t Au Refer ASX Announcement 28 August 2026 “Drillout Success Set to Drive Upgraded MRE & Scoping Study" ASX:ADD 11
Slide 12: London-Victoria Drillout ~18km (85 holes) of new drilling
London-Victoria Drillout ~18km (85 holes) of new drilling Historic Drilling Only – 115koz 1.5km or 0.93 miles 200m Victoria South New 18,000m – 59,000ft of Drilling Resource Now 281koz 2.4km or 1.5 miles 200m US$4,200/oz Au pit shell Gold g/t ASX:ADD 12
Slide 13: MRE 22 Sept – Only reported within pit optimisation
MRE 22 Sept – Only reported within pit optimisation Opportunity for future UG outside of MRE pit shell 21m @ 2.3g/t Au Incl 10m @ 3.7g/t Au Refer ASX Announcement 28 August 2026 “Drillout Success Set to Drive Upgraded MRE & Scoping Study" ASX:ADD 13
Slide 14: London-Victoria Near Mine Targets
London-Victoria Near Mine Targets Armstrongs 32m @ 0.93g/t Au 18m @ 1.29g/t Au 22m @ 1.05g/t Au 30m @ 0.77g/t Au 26m @ 0.87g/t Au Somers 8m @ 3.20g/t Au 4m @ 4.02g/t Au 7m @ 2.14g/t Au Victoria South 11m @ 2.37g/t Au 15m @ 1.68g/t Au 13m @ 1.37g/t Au 17m @ 1.53g/t Au 13m @ 2.25g/t Au 6m @ 41.3g/t Au
Slide 15: Victoria South Target Extension of the Existing London-Victoria MRE
Victoria South Target Extension of the Existing London-Victoria MRE Refer ASX Announcement 26 March 2026 “Accelerating Resource Growth at London-Victoria" Refer ASX Announcement 7th April 2026 "Exciting Near Mine Targets at London-Victoria" ASX:ADD 15
Slide 16: Calarie Mining Licence - Long Section (51koz MRE)
Calarie Mining Licence - Long Section (51koz MRE) 20km south of London-Victoria on Granted Mining License ASX:ADD 16
Slide 17: Ashes Acquisition of Adjacent Tenure (EL9918) from Alkane
High Tenor IP Chargeability Anomaly Ashes Acquisition of Adjacent Tenure (EL9918) from Alkane (ASX:ALK) Previously bound by Tenement Boundary Refer ASX Announcement 23 February 2026 "Porphyry Target Identified from IP in Newly Acquired Tenure" Refer ASX Announcement 26 February 2025 "High-Grade Gold
Slide 18: More Abundant Greenfield Prospects
More Abundant Greenfield Prospects ▪ Northern Diorite Prospect (EL8831): Intersected 4m @ 0.21ppm Au and 1230ppm Cu hosted in diorite, potential porphyry copper-style mineralisation. ▪ Central Prospect (EL8831): Magnetite-veined lithic tuff where historical RAB hole, found up to 0.16 ppm Au, most li
Slide 19: Investment Highlights
Investment Highlights ▪ Catalysts: Resource Upgrade to 383koz after 85 hole drilling campaign, Met. Work & Scoping Study commences., and MORE drilling to come ▪ Funded: Strongly Supported, Liquid ASX-listed Vehicle. TIMING ▪ Valuation: Modest Market Cap & EV with significant upside. ▪ Brownfield Ass
Slide 20: Adavale Mineral Resources
Adavale Mineral Resources Au Indicated Inferred Total Material cut-off Type (g/t) Tonnes Au Au Tonnes Au Au Tonnes Au Au (Mt) (g/t) (oz) (Mt) (g/t) (oz) (Mt) (g/t) (oz) London-Victoria Oxide 0.2 1.56 0.59 29,500 0.69 0.86 19,300 2.25 0.67 48,800 Fresh 0.25 4.13 0.73 96,700 3.36 1.08 117,200 7.49 0.8
Slide 21: Thank You
ASX:ADD Contact Allan Ritchie Executive Chairman and Chief Executive Officer David Ward Managing Director investor@adavaleresources.com +61 2 9127 9852 Follow Us Thank You Adavale Resources Limited @Adavale_ASXADD www.adavaleresources.com ASX:ADD 21