Adavale Resources Limited

Adavale Resources Limited (Frankfurt: Q3A) is an Australian mineral exploration company focused primarily on uranium and nickel projects in Australia and Tanzania, with additional exposure to gold and copper exploration. ## Company overview Adavale Resources was incorporated in 1969 and is headquartered in West Leederville, Western Australia. The company pursues exploration and early-stage development rather than operating producing mines, so its valuation is closely tied to exploration results, commodity prices, and financing conditions. ## Key projects Adavale holds uranium exploration licences in the Lake Surprise area within the northern Lake Frome Embayment in South Australia, a region prospective for sediment-hosted uranium deposits. It also owns or controls nickel exploration projects around the Kabanga Jirani and Luhuma areas in Tanzania, adjacent to the world-class Kabanga nickel project being advanced by larger industry players. ## Strategic positioning The company frames its portfolio as leveraged to electrification and decarbonisation trends, given uranium’s role in nuclear power and nickel’s importance in batteries and stainless steel. Its projects in established mining jurisdictions like South Australia and Tanzania aim to attract investors seeking high-risk, high-reward exposure to exploration-stage assets. ## Listings and identifiers Adavale Resources’ primary listing is on the Australian Securities Exchange under the ticker ADD, and it is also traded over-the-counter in the United States under ADRLF and on the Frankfurt Stock Exchange under Q3A. The company’s ISIN on its primary listing is AU000000ADD1, which can help investors cross-check the security across different trading venues.