ADD 0.00% 0.4¢ adavale resources limited

611ppm

  1. 211 Posts.
    18 holes drilled at Lake Surprise. The hottest hole has 611 ppm of uranium at 7 metres depth. 8 holes registered over 200 ppm and only one hole had a reading below 100 ppm (97 ppm). All of these readings were between 2 and 11 metres below the surface. Previous ADD announcements stated they needed grades of between 100-300ppm to be commercially viable.

    And now we have the bonus of phosphate grades of up to 28%. This could be a nice earner. Rock phosphate has increased 4 fold in the last 12 months to US$200/T. One tonne of P makes 4 tonnes of superphosphate.

    ADD spent $332K on exploration in the June qtr, increasing to $585 for this qtr and $6 million in the bank. I'm glad I've been topping up at these sub 6 cent prices.
 
watchlist Created with Sketch. Add ADD (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $4.261M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $3.223K 805.7K

Buyers (Bids)

No. Vol. Price($)
18 11774914 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 494250 2
View Market Depth
Last trade - 13.25pm 26/07/2024 (20 minute delay) ?
ADD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.