Adavale Resources (ADD) 주식 개요Adavale Resources Limited는 탄자니아와 호주에서 광물 탐사 사업을 하고 있습니다. 자세히 보기ADD 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장0/6과거 실적0/6재무 건전성6/6배당0/6위험 분석지난 1년 동안 주주가 크게 희석되었습니다.지난 5년간 매년 수익이 11% 감소했습니다.수익이 USD$1m 미만입니다(A$0)의미 있는 시가총액이 없습니다(A$16M)모든 위험 점검 보기ADD Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.05해당 없음내재 할인율Est. Revenue$PastFuture-6m542k2016201920222025202620282031Revenue AU$0.7Earnings AU$0.09AdvancedSet Fair ValueView all narrativesAdavale Resources Limited 경쟁사Venari MineralsSymbol: ASX:VMSMarket cap: AU$14.0mMagontecSymbol: ASX:MGLMarket cap: AU$14.8mIndiana ResourcesSymbol: ASX:IDAMarket cap: AU$19.3mArtemis ResourcesSymbol: ASX:ARVMarket cap: AU$18.9m가격 이력 및 성과Adavale Resources 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가AU$0.0552주 최고가AU$0.06952주 최저가AU$0.02베타0.551개월 변동-5.66%3개월 변동-3.85%1년 변동66.67%3년 변동-86.84%5년 변동-97.22%IPO 이후 변동-92.86%최근 뉴스 및 업데이트Board Change • 18hLess than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Board Change • May 01Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.공시 • Feb 17Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million.Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million on February 17, 2026. The consideration consists of 5.5 million common equity of Adavale Resources Limited having a value of AUD 0.26 million to be issued for Package of Exploration Licences of Alkane Resources Ltd. As part of consideration, AUD 0.26 million is paid towards Package of Exploration Licences of Alkane Resources Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and third party approval needed.공시 • Feb 02Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 43,074,764 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Transaction Features: Subsequent Direct ListingBoard Change • Dec 24Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.공시 • Oct 03Adavale Resources Limited, Annual General Meeting, Nov 28, 2025Adavale Resources Limited, Annual General Meeting, Nov 28, 2025. Location: level 2, 49 oxford close, west leederville, wa 6007, Australia더 많은 업데이트 보기Recent updatesBoard Change • 18hLess than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Board Change • May 01Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.공시 • Feb 17Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million.Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million on February 17, 2026. The consideration consists of 5.5 million common equity of Adavale Resources Limited having a value of AUD 0.26 million to be issued for Package of Exploration Licences of Alkane Resources Ltd. As part of consideration, AUD 0.26 million is paid towards Package of Exploration Licences of Alkane Resources Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and third party approval needed.공시 • Feb 02Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 43,074,764 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Transaction Features: Subsequent Direct ListingBoard Change • Dec 24Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.공시 • Oct 03Adavale Resources Limited, Annual General Meeting, Nov 28, 2025Adavale Resources Limited, Annual General Meeting, Nov 28, 2025. Location: level 2, 49 oxford close, west leederville, wa 6007, Australia공시 • Jul 04Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.652 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.652 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 119,047,620 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,238,095 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Security Features: Attached Options Transaction Features: Subsequent Direct ListingBoard Change • May 01Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.공시 • Apr 11Adavale Resources Limited Announces Parkes Project Advances in Central NSW Lachlan Fold BeltAdavale Resources Ltd. announced that London-Victoria Gold Mine ("London-Victoria") (EL 7242), with an Historical Estimate of 3.70Mt @ 1.04g/t Au for 124koz gold1 is currently under review by Derisk Geomining Consultants, with a view to converting to a JORC 2012 Mineral Resource Estimate. Assays completed by the previous operator and vendor of the Project have now been received. Best gold values were obtained in an intensely sheared portion near the base of the alteration zone that has intersected 3m @ 0.40 g/t Au (356-359m), including 1m @ 1.02g/t Au (356-357m), including 1m at 1.02g/t gold (356-357m). Additional rock chip assay results recently received for the Ashes Prospect (within the Parkes Project) returned the highest-grade gold and silver mineralisation to date: 10.65 g/t Au, 1.98% Cu & 158 g/t Ag (P24669). Assay results from the March geochemical survey at Ashes and Myalls are anticipated in April, which follow up the recently released high-grade gold, copper and silver rock chip assay results: 7.95 g/t Au, 2.2% Cu & 96.4 g/t Ag. 0.74 g/t Au, 0.76% Cu & 58.9 g/t Ag. o 0.32 g/t Au & 17.8 g/t Ag. Maiden drilling program to be planned during Second Quarter 2025 following assessment of existing and expected new target generation from geochemical survey assay results. Assay results from the recently completed geochemical survey at Ashes andMyalls (two of the more advanced Prospects at the Parkes Project) are anticipated in April. The results will be used to define likely infill sampling leading to potential drilling targets. Further delays in receiving assay results over the Christmas-New Year period and afterwards were experienced. It was then decided by Adavale that all gold and multi-element assay results from both submittals should be received to allow for a more definitive geological interpretation relating assays to quartz-carbonate veins and the logged enclosing alteration assemblage(s) intersected in AEIDD001. Assay results from a total of 157 core samples (1 metre length) have now been received from ALS and the results assessed. The intensely sheared 2.2m wide zone near the base of the logged main alteration zone has returned assay results preliminarily interpreted at depth, as representative of the London zone at London-Victoria mine, but recording subdued gold values of 1m @ 1.02 g/t Au (356 -357m) and 1m @ 0.17g/t Au (358-359m) downhole. The recent assay results obtained from completing AEIDD001 is the first exploration drilling to be carried out at the London-Victoria mine since 1990. Whilst these results from the 20m wide quartz-carbonate veined alteration zone are not particularly substantial, they show to some degree that similar geology and the main alteration zone persists at depths of up to 150-160 beneath the London open pit. The information in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Barry Willott, who is employed by Desdinova Metals Pty Ltd. as consultant to Adavale Resources Ltd. Mr. Willott is a Member of The Australian Institute of Geoscientists (AIG) and The Australasian Institute of Mining and Metallurgy (AusIMM). Mr. Willott has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. For future drilling on EL7242, Adavale will apply data spacing sufficient to establish the degree of geological and grade continuity appropriate for JORC 2012 Mineral Resource and Ore Reserves'. For Future drilling on EL7242, the Project progresses. For future drilling on EL7 242, Adavale will apply Data spacing sufficient experience that is considered to have introduced a sampling bias, Adavale will applydata spacing sufficient experience that is considered To future drilling on EL7242.공시 • Apr 10Adavale Resources Limited Announces Board ChangesAdavale Resources Limited announced the appointment of seasoned geologist and mining industry executive, David Ward, as Non-Executive Technical Director to the Board. David Ward is a seasoned geologist and mining industry executive with over 25 years of experience encompassing early-stage exploration, project development through to open pit and underground mining. Throughout David's career, David has demonstrated a strong commercial perspective on driving value creation. For the last 8 years as Chief Geologist of Private Company, Bacchus Resources, David was instrumental in defining over 950Koz of gold resources in the NT, while overseeing the development of other exploration assets in the NT, QLD and NSW. These assets were then incorporated into key projects for multiple ASX-listed exploration companies. In addition to his success at Bacchus Resources, David has played key exploration and operational technical roles in several companies, including Newcrest Mining, as Production and Resource Definition Geologist for the Cadia Gold Mine and Clancy Exploration as Senior Exploration Geologist overseeing Porphyry and Epithermal exploration in the Lachlan Fold Belt NSW. David Ward's appointment marks a significant step in Adavale's broader growth strategy to advance its Parkes Gold-Copper Project in the Lachlan Fold Belt, as well as its Nickel and Uranium portfolios in Tanzania and South Australia. In parallel with this transition, Mr. John Hicks will retire from the Board, having served with distinction during Adavale's exploration phase. His leadership and geological insight have been instrumental in establishing Adavale's strong technical foundations.공시 • Jan 29Adavale Resources Limited (ASX:ADD) acquired 72.50% stake in Parkes Gold and Copper Project from Agricultural Equity Investments Pty Ltd for AUD 0.95 million.Adavale Resources Limited (ASX:ADD) agreed to acquire 72.50% stake in Parkes Gold and Copper Project from Agricultural Equity Investments Pty Ltd for AUD 0.95 million on November 29, 2024. The consideration consists of 383.33 million common equity of Adavale Resources Limited to be issued for assets of Parkes Gold and Copper Project. The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, consummation of due diligence investigation and third party approval needed. Adavale Resources Limited (ASX:ADD) completed the acquisition of 72.50% stake in Parkes Gold and Copper Project from Agricultural Equity Investments Pty Ltd on January 28, 2025.공시 • Nov 30Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.675 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.675 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 670,000,000 Price\Range: AUD 0.0025 Discount Per Security: AUD 0.00015 Transaction Features: Subsequent Direct Listing공시 • Oct 24Adavale Resources Limited Announces Board Changes, Effective 31 October 2024Adavale Resources Limited advised that the board have accepted Mr. David Riekie's resignation as Executive Director of the Company and subsequently resolved that Mr. Allan Ritchie take the position of Executive Chairman both effective 31 October 2024. David joined Adavale in July 2021 and played a pivotal role in aggregating a substantial Uranium package for Adavale in South Australia. David also directed Adavale's exploration of Adavale's South Australian Uranium projects and Nickel project in Tanzania.공시 • Sep 27Adavale Resources Limited, Annual General Meeting, Nov 29, 2024Adavale Resources Limited, Annual General Meeting, Nov 29, 2024.공시 • Jul 05Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd.Adavale Resources Limited (ASX:ADD) agreed to acquire Exploration Licence 6553 from Kilonova Metals Pty Ltd for AUD 0.32 million on March 26, 2024. As per the transaction, Adavale Resources Limited will pay AUD 0.015 million non-refundable deposit, 25 million shares and deferred consideration of 25 million shares payable upon Adavale Resources Limited completing a maiden drilling program and returning an intercept of a minimum of 1m combining to at least 10m at 0.05% U3O8 by December 31, 2025. The transaction is subject to due diligence investigations, regulatory board approvals, third party approvals and approval by shareholders of Adavale Resources Limited. Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd on July 4, 2024.공시 • Jan 30Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 200,000,000 Price\Range: AUD 0.007 Discount Per Security: AUD 0.00042 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 14,285,714 Price\Range: AUD 0.007 Discount Per Security: AUD 0.00042 Transaction Features: Subsequent Direct ListingNew Risk • Jan 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.30m market cap, or US$4.78m).New Risk • Nov 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.57m market cap, or US$4.32m). Minor Risk Shareholders have been diluted in the past year (43% increase in shares outstanding).공시 • Oct 05Adavale Resources Limited, Annual General Meeting, Nov 24, 2023Adavale Resources Limited, Annual General Meeting, Nov 24, 2023.New Risk • Sep 30New major risk - Negative shareholders equityThe company has negative equity. Total equity: -AU$1.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.76m market cap, or US$5.63m).New Risk • Jul 24New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.6m market cap, or US$9.14m).공시 • Jan 28Adavale Resources Limited Announces Nickel Sulphide Host Rocks Intercepted At Kabanga JiraniAdavale Resources Limited provide an exploration update for the Company's Kabanga Jirani Nickel Project (Kabanga). Additional drilling and casing of the holes for DHEM survey has been undertaken since December 2022. Initial drill tests have now been completed on target areas HEM 4 located in Kabanga East and HEM 9 in Kabanga West. Both HEM 4 and HEM 9 are areas of coincident gravity, magnetic and EM anomalies and were drill tested by RCDDKE 006 and DDKW 007 respectively during December 2022. Drilling completed during 2022 (HEM 2, 4 and 9) shows the geology intersected at HEM 2 is the best potential host rock encountered during this initial drill program. Drilling was suspended in late December due to the onset of the wet season and will resume following the wet season in early 2023. Over the intervening period, DHEM surveying will be undertaken on the four diamond holes completed during 2022 to verify the EM anomalies targeted by each drillhole have been adequately tested and to detect any other off-hole conductors that maybe associated with nearby nickel sulphide mineralisation. This will indicate what follow-up drilling is required, particularly at HEM. In addition, a series of geochemical soil sampling programs have been implemented starting in the high priority area northeast of Luhuma. The soil results will be analysed against gravity anomalies to assist with prioritising drillhole targeting. Drilling was completed on drillhole RCDDKE 006 at HEM 4with the 500.5m deep hole designed to test a discrete EM anomaly underlying a gravity anomaly. The modelling shows a clearly defined vertical conductor, which at depth flattens out and envelopes the conductor. Drillhole RCDDKE 006 intersected an abundance of dolerite after 170m that may explain the source of the HEM 4 gravity anomaly while two zones of finely disseminated and narrow veins of sulphide (chalcopyrite and pyrrhotite) maybe the cause of the conductivity. DHEM will assist with future exploration at this target area. Drilling was also completed at HEM 9 which has discrete, coincident magnetic, gravity and EM conductors. This target was drill tested by DDKW 007 aimed at a fairly flat lying conductor shown in Figure 5 and to a target depth of 371.1m. As was the case at HEM 4, a 70m thick dolerite unit may explain the HEM 9 gravity anomaly while the conductivity maybe attributed to thin sulphide veins over 300m in width. With both HEM 4 and 9 target areas, Adavale's geophysical surveys correctly identified zones of greater density and conductivity as evidenced by the dolerite and sulphide vein intercepts at these two locations. In these two instances, however the intrusions have largely been composed of dolerite and the sulphides hosted within sediments rather than associated with layered mafic-ultramafic intrusions. To assist with differentiating between gravity anomalies associated with thickened dolerite units and mafic-ultramafic intrusions, the Company has implemented a series of additional geochemical soil sampling programs.Board Change • Nov 17Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Grant Pierce is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Board Change • Apr 27Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Grant Pierce is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Executive Departure • Aug 03Independent Non-Executive Director Stergios Georgiadis has left the companyOn the 28th of July, Stergios Georgiadis' tenure as Independent Non-Executive Director ended after less than a year in the role. As of March 2021, Stergios still personally held only 263.23k shares (AU$13k worth at the time). A total of 5 executives have left over the last 12 months.주주 수익률ADDAU Metals and MiningAU 시장7D8.7%-8.3%-1.7%1Y66.7%49.3%1.0%전체 주주 수익률 보기수익률 대 산업: ADD은 지난 1년 동안 49.3%의 수익을 기록한 Australian Metals and Mining 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: ADD은 지난 1년 동안 1%를 기록한 Australian 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is ADD's price volatile compared to industry and market?ADD volatilityADD Average Weekly Movement10.1%Metals and Mining Industry Average Movement12.2%Market Average Movement10.5%10% most volatile stocks in AU Market17.4%10% least volatile stocks in AU Market4.4%안정적인 주가: ADD는 지난 3개월 동안 Australian 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: ADD의 주간 변동성은 지난 1년간 24%에서 10%로 감소했습니다.회사 소개설립직원 수CEO웹사이트1969n/aAllan Ritchiewww.adavaleresources.com아다베일 리소스는 탄자니아와 호주에서 광물 탐사 사업을 하는 회사입니다. 우라늄과 니켈 매장지를 탐사합니다. 회사의 주요 프로젝트는 탄자니아에 위치한 카방가 지라니와 루후마 프로젝트입니다.더 보기Adavale Resources Limited 기초 지표 요약Adavale Resources의 순이익과 매출은 시가총액과 어떻게 비교됩니까?ADD 기초 통계시가총액AU$16.09m순이익 (TTM)-AU$5.15m매출 (TTM)n/a0.0x주가매출비율(P/S)-3.1x주가수익비율(P/E)ADD는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표ADD 손익계산서 (TTM)매출AU$0매출원가AU$0총이익AU$0기타 비용AU$5.15m순이익-AU$5.15m최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)-0.015총이익률0.00%순이익률0.00%부채/자본 비율0%ADD의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 11:56종가2026/05/20 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Adavale Resources Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Board Change • 18hLess than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Board Change • May 01Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
공시 • Feb 17Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million.Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million on February 17, 2026. The consideration consists of 5.5 million common equity of Adavale Resources Limited having a value of AUD 0.26 million to be issued for Package of Exploration Licences of Alkane Resources Ltd. As part of consideration, AUD 0.26 million is paid towards Package of Exploration Licences of Alkane Resources Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and third party approval needed.
공시 • Feb 02Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 43,074,764 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Transaction Features: Subsequent Direct Listing
Board Change • Dec 24Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
공시 • Oct 03Adavale Resources Limited, Annual General Meeting, Nov 28, 2025Adavale Resources Limited, Annual General Meeting, Nov 28, 2025. Location: level 2, 49 oxford close, west leederville, wa 6007, Australia
Board Change • 18hLess than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Board Change • May 01Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
공시 • Feb 17Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million.Adavale Resources Limited (ASX:ADD) entered into an agreement to acquire Package of Exploration Licences of Alkane Resources Ltd (ASX:ALK) for AUD 0.26 million on February 17, 2026. The consideration consists of 5.5 million common equity of Adavale Resources Limited having a value of AUD 0.26 million to be issued for Package of Exploration Licences of Alkane Resources Ltd. As part of consideration, AUD 0.26 million is paid towards Package of Exploration Licences of Alkane Resources Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and third party approval needed.
공시 • Feb 02Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.153738 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 60,000,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 43,074,764 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Transaction Features: Subsequent Direct Listing
Board Change • Dec 24Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
공시 • Oct 03Adavale Resources Limited, Annual General Meeting, Nov 28, 2025Adavale Resources Limited, Annual General Meeting, Nov 28, 2025. Location: level 2, 49 oxford close, west leederville, wa 6007, Australia
공시 • Jul 04Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.652 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.652 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 119,047,620 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,238,095 Price\Range: AUD 0.021 Discount Per Security: AUD 0.00126 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
Board Change • May 01Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Nic Matich is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
공시 • Apr 11Adavale Resources Limited Announces Parkes Project Advances in Central NSW Lachlan Fold BeltAdavale Resources Ltd. announced that London-Victoria Gold Mine ("London-Victoria") (EL 7242), with an Historical Estimate of 3.70Mt @ 1.04g/t Au for 124koz gold1 is currently under review by Derisk Geomining Consultants, with a view to converting to a JORC 2012 Mineral Resource Estimate. Assays completed by the previous operator and vendor of the Project have now been received. Best gold values were obtained in an intensely sheared portion near the base of the alteration zone that has intersected 3m @ 0.40 g/t Au (356-359m), including 1m @ 1.02g/t Au (356-357m), including 1m at 1.02g/t gold (356-357m). Additional rock chip assay results recently received for the Ashes Prospect (within the Parkes Project) returned the highest-grade gold and silver mineralisation to date: 10.65 g/t Au, 1.98% Cu & 158 g/t Ag (P24669). Assay results from the March geochemical survey at Ashes and Myalls are anticipated in April, which follow up the recently released high-grade gold, copper and silver rock chip assay results: 7.95 g/t Au, 2.2% Cu & 96.4 g/t Ag. 0.74 g/t Au, 0.76% Cu & 58.9 g/t Ag. o 0.32 g/t Au & 17.8 g/t Ag. Maiden drilling program to be planned during Second Quarter 2025 following assessment of existing and expected new target generation from geochemical survey assay results. Assay results from the recently completed geochemical survey at Ashes andMyalls (two of the more advanced Prospects at the Parkes Project) are anticipated in April. The results will be used to define likely infill sampling leading to potential drilling targets. Further delays in receiving assay results over the Christmas-New Year period and afterwards were experienced. It was then decided by Adavale that all gold and multi-element assay results from both submittals should be received to allow for a more definitive geological interpretation relating assays to quartz-carbonate veins and the logged enclosing alteration assemblage(s) intersected in AEIDD001. Assay results from a total of 157 core samples (1 metre length) have now been received from ALS and the results assessed. The intensely sheared 2.2m wide zone near the base of the logged main alteration zone has returned assay results preliminarily interpreted at depth, as representative of the London zone at London-Victoria mine, but recording subdued gold values of 1m @ 1.02 g/t Au (356 -357m) and 1m @ 0.17g/t Au (358-359m) downhole. The recent assay results obtained from completing AEIDD001 is the first exploration drilling to be carried out at the London-Victoria mine since 1990. Whilst these results from the 20m wide quartz-carbonate veined alteration zone are not particularly substantial, they show to some degree that similar geology and the main alteration zone persists at depths of up to 150-160 beneath the London open pit. The information in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Barry Willott, who is employed by Desdinova Metals Pty Ltd. as consultant to Adavale Resources Ltd. Mr. Willott is a Member of The Australian Institute of Geoscientists (AIG) and The Australasian Institute of Mining and Metallurgy (AusIMM). Mr. Willott has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. For future drilling on EL7242, Adavale will apply data spacing sufficient to establish the degree of geological and grade continuity appropriate for JORC 2012 Mineral Resource and Ore Reserves'. For Future drilling on EL7242, the Project progresses. For future drilling on EL7 242, Adavale will apply Data spacing sufficient experience that is considered to have introduced a sampling bias, Adavale will applydata spacing sufficient experience that is considered To future drilling on EL7242.
공시 • Apr 10Adavale Resources Limited Announces Board ChangesAdavale Resources Limited announced the appointment of seasoned geologist and mining industry executive, David Ward, as Non-Executive Technical Director to the Board. David Ward is a seasoned geologist and mining industry executive with over 25 years of experience encompassing early-stage exploration, project development through to open pit and underground mining. Throughout David's career, David has demonstrated a strong commercial perspective on driving value creation. For the last 8 years as Chief Geologist of Private Company, Bacchus Resources, David was instrumental in defining over 950Koz of gold resources in the NT, while overseeing the development of other exploration assets in the NT, QLD and NSW. These assets were then incorporated into key projects for multiple ASX-listed exploration companies. In addition to his success at Bacchus Resources, David has played key exploration and operational technical roles in several companies, including Newcrest Mining, as Production and Resource Definition Geologist for the Cadia Gold Mine and Clancy Exploration as Senior Exploration Geologist overseeing Porphyry and Epithermal exploration in the Lachlan Fold Belt NSW. David Ward's appointment marks a significant step in Adavale's broader growth strategy to advance its Parkes Gold-Copper Project in the Lachlan Fold Belt, as well as its Nickel and Uranium portfolios in Tanzania and South Australia. In parallel with this transition, Mr. John Hicks will retire from the Board, having served with distinction during Adavale's exploration phase. His leadership and geological insight have been instrumental in establishing Adavale's strong technical foundations.
공시 • Jan 29Adavale Resources Limited (ASX:ADD) acquired 72.50% stake in Parkes Gold and Copper Project from Agricultural Equity Investments Pty Ltd for AUD 0.95 million.Adavale Resources Limited (ASX:ADD) agreed to acquire 72.50% stake in Parkes Gold and Copper Project from Agricultural Equity Investments Pty Ltd for AUD 0.95 million on November 29, 2024. The consideration consists of 383.33 million common equity of Adavale Resources Limited to be issued for assets of Parkes Gold and Copper Project. The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, consummation of due diligence investigation and third party approval needed. Adavale Resources Limited (ASX:ADD) completed the acquisition of 72.50% stake in Parkes Gold and Copper Project from Agricultural Equity Investments Pty Ltd on January 28, 2025.
공시 • Nov 30Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.675 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.675 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 670,000,000 Price\Range: AUD 0.0025 Discount Per Security: AUD 0.00015 Transaction Features: Subsequent Direct Listing
공시 • Oct 24Adavale Resources Limited Announces Board Changes, Effective 31 October 2024Adavale Resources Limited advised that the board have accepted Mr. David Riekie's resignation as Executive Director of the Company and subsequently resolved that Mr. Allan Ritchie take the position of Executive Chairman both effective 31 October 2024. David joined Adavale in July 2021 and played a pivotal role in aggregating a substantial Uranium package for Adavale in South Australia. David also directed Adavale's exploration of Adavale's South Australian Uranium projects and Nickel project in Tanzania.
공시 • Sep 27Adavale Resources Limited, Annual General Meeting, Nov 29, 2024Adavale Resources Limited, Annual General Meeting, Nov 29, 2024.
공시 • Jul 05Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd.Adavale Resources Limited (ASX:ADD) agreed to acquire Exploration Licence 6553 from Kilonova Metals Pty Ltd for AUD 0.32 million on March 26, 2024. As per the transaction, Adavale Resources Limited will pay AUD 0.015 million non-refundable deposit, 25 million shares and deferred consideration of 25 million shares payable upon Adavale Resources Limited completing a maiden drilling program and returning an intercept of a minimum of 1m combining to at least 10m at 0.05% U3O8 by December 31, 2025. The transaction is subject to due diligence investigations, regulatory board approvals, third party approvals and approval by shareholders of Adavale Resources Limited. Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd on July 4, 2024.
공시 • Jan 30Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 200,000,000 Price\Range: AUD 0.007 Discount Per Security: AUD 0.00042 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 14,285,714 Price\Range: AUD 0.007 Discount Per Security: AUD 0.00042 Transaction Features: Subsequent Direct Listing
New Risk • Jan 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.30m market cap, or US$4.78m).
New Risk • Nov 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.57m market cap, or US$4.32m). Minor Risk Shareholders have been diluted in the past year (43% increase in shares outstanding).
공시 • Oct 05Adavale Resources Limited, Annual General Meeting, Nov 24, 2023Adavale Resources Limited, Annual General Meeting, Nov 24, 2023.
New Risk • Sep 30New major risk - Negative shareholders equityThe company has negative equity. Total equity: -AU$1.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-AU$1.1m). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.76m market cap, or US$5.63m).
New Risk • Jul 24New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.6m market cap, or US$9.14m).
공시 • Jan 28Adavale Resources Limited Announces Nickel Sulphide Host Rocks Intercepted At Kabanga JiraniAdavale Resources Limited provide an exploration update for the Company's Kabanga Jirani Nickel Project (Kabanga). Additional drilling and casing of the holes for DHEM survey has been undertaken since December 2022. Initial drill tests have now been completed on target areas HEM 4 located in Kabanga East and HEM 9 in Kabanga West. Both HEM 4 and HEM 9 are areas of coincident gravity, magnetic and EM anomalies and were drill tested by RCDDKE 006 and DDKW 007 respectively during December 2022. Drilling completed during 2022 (HEM 2, 4 and 9) shows the geology intersected at HEM 2 is the best potential host rock encountered during this initial drill program. Drilling was suspended in late December due to the onset of the wet season and will resume following the wet season in early 2023. Over the intervening period, DHEM surveying will be undertaken on the four diamond holes completed during 2022 to verify the EM anomalies targeted by each drillhole have been adequately tested and to detect any other off-hole conductors that maybe associated with nearby nickel sulphide mineralisation. This will indicate what follow-up drilling is required, particularly at HEM. In addition, a series of geochemical soil sampling programs have been implemented starting in the high priority area northeast of Luhuma. The soil results will be analysed against gravity anomalies to assist with prioritising drillhole targeting. Drilling was completed on drillhole RCDDKE 006 at HEM 4with the 500.5m deep hole designed to test a discrete EM anomaly underlying a gravity anomaly. The modelling shows a clearly defined vertical conductor, which at depth flattens out and envelopes the conductor. Drillhole RCDDKE 006 intersected an abundance of dolerite after 170m that may explain the source of the HEM 4 gravity anomaly while two zones of finely disseminated and narrow veins of sulphide (chalcopyrite and pyrrhotite) maybe the cause of the conductivity. DHEM will assist with future exploration at this target area. Drilling was also completed at HEM 9 which has discrete, coincident magnetic, gravity and EM conductors. This target was drill tested by DDKW 007 aimed at a fairly flat lying conductor shown in Figure 5 and to a target depth of 371.1m. As was the case at HEM 4, a 70m thick dolerite unit may explain the HEM 9 gravity anomaly while the conductivity maybe attributed to thin sulphide veins over 300m in width. With both HEM 4 and 9 target areas, Adavale's geophysical surveys correctly identified zones of greater density and conductivity as evidenced by the dolerite and sulphide vein intercepts at these two locations. In these two instances, however the intrusions have largely been composed of dolerite and the sulphides hosted within sediments rather than associated with layered mafic-ultramafic intrusions. To assist with differentiating between gravity anomalies associated with thickened dolerite units and mafic-ultramafic intrusions, the Company has implemented a series of additional geochemical soil sampling programs.
Board Change • Nov 17Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Grant Pierce is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Board Change • Apr 27Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Grant Pierce is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Executive Departure • Aug 03Independent Non-Executive Director Stergios Georgiadis has left the companyOn the 28th of July, Stergios Georgiadis' tenure as Independent Non-Executive Director ended after less than a year in the role. As of March 2021, Stergios still personally held only 263.23k shares (AU$13k worth at the time). A total of 5 executives have left over the last 12 months.
