Adavale Resources Limited · ASX:ADD
Adavale Resources — RIU Sydney Resources Round-up May 2026
20 slides from Adavale Resources's conference presentation, May 7, 2026
Slide 1: Delivering Value via the Drill Bit
ASX:ADD DELIVERING VALUE VIA THE DRILL BIT Extensional Drilling Campaign Underway -2 Rigs on site -Assays every month RIU Sydney Resources Round-up - May 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 Close (29/04/2026) $0.050 Shares On Issue (Post T2 **) 388.2m 0.07 20.0 M Market Capitalisation $19.4m 0.06 Cash (Post T2 **) ~$5m 0.05 15.0 M Options on Issue* (Post T2 **) 208.8m 0.04 10.0 M Performance Rights 16.3m 0.03 Top 20 Shareholders
Slide 4: Parkes Project - Tier 1 Jurisdiction
Parkes Project - Tier 1 Jurisdiction All-Scrip Acquisition of the Parkes Project. Same vendor as the Spur project for Waratah Minerals (ASX:WTM). A total area of 489.4km² across 9 licences, including the licence with the historic London-Victoria Mine. In the Lachlan Transverse Zone and adjacent to N
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: Investment Highlights
Investment Highlights ▪ Catalysts: Expanded drilling campaign underway, batches of frequent Assay results, Met. Work & Scoping Study. ▪ Funded: Strongly Supported, Liquid ASX-listed Vehicle. TIMING ▪ Valuation: Modest Market Cap & EV with significant upside. ▪ Brownfield Asset: 115koz Au JORC , Earl
Slide 7: Proven Track Record, Near Term Catalysts
Proven Track Record Near Term Catalysts January-March 2025 Quarter October-December 2025 Quarter ✓ Parkes Project Acquisition & Site Visit ✓ Transformational Appointment of David Mar-26 Jun-26 Sep-26 Dec-26 Ward as MD to Drive Gold & Copper Growth ✓ Reconnaissance, Land Access, Drill Core Inspection
Slide 8: London Victoria Mine (Brownfield) 115koz Au JORC
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: 3D Structural Geology Model, Grade Control Data
3D Structural Geology Model Grade Control Data 1,000’s of hand drawn BHP Gold grade control drillholes discovered 5m x 5m spacing Folded sequence interpreted to repeat - parallel, at depth and plunging to the south Schematic Structural Geology cross section looking north for the southern portion of
Slide 11: London Victoria Phase 1 Widest Intercept in 30 Years, Phase 2 Better
London Victoria Phase 1 Widest Intercept in 30 years, Phase 2 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 Feb
Slide 12: London Victoria Phase 2 Tested Only 150m of 1,500m Long Pit
London Victoria Phase 2 Tested only 150m of 1,500m long Pit 20m @ 1.26g/t Au 22m @ 1.40g/t Au Southern Pit Phase 2 - ALRC021 drill result Southern Pit Phase 2 - ALRC023 drill result Refer ASX Announcement 9 February 2026 “London-Victoria Continues to Deliver" ASX:ADD 12
Slide 13: London-Victoria - Current Drill Plan – Rigs at Site
London-Victoria - Current Drill Plan – 2 Rigs at Site Phase 2 Drilling (and ALRC014) MRE of Potential MRE Expansion Current Drilling Program ASX:ADD 13
Slide 14: Initial 6 Hole Assays from Drillout
Initial 6 hole assays from Drillout – 20 holes at the lab ASX:ADD 14
Slide 15: Acquisition of Southern Strike Extension of London-Victoria
Extended Strike Line from London-Victoria Acquisition of Southern Strike Extension of London-Victoria (EL9178) from Alkane (ASX:ALK) Previously bound by Tenement Boundary Refer ASX Announcement 23 February 2026 "Porphyry Target Identified from IP in Newly Acquired Tenure" ASX:ADD 15
Slide 16: London-Victoria Near Mine Targets
London-Victoria Near Mine Targets Soil Geochemistry Detailed Drone Magnetic Survey Underway 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 16
Slide 17: Victoria-South Target
Victoria-South Target 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 17
Slide 18: Ashes Acquisition of Adjacent Tenure
High Tenor IP Chargeability Anomaly Ashes Acquisition of Adjacent Tenure (ELA7017) 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 Gol
Slide 19: 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 20: Contact
Contact Allan Ritchie Executive Chairman and Chief Executive Officer David Ward Managing Director ASX:ADD investor@adavaleresources.com Investment Summary +61 2 9127 9852 ▪ 115kOz Au JORC being extended/expanded, in a Tier 1 Jurisdiction ▪ Near Term production with infrastructure at London Victoria
Adavale Resources — RIU Sydney Resources Round-up May 2026 on 6ix