Adelong Gold Limited (Adelong) is a minerals explorer that owns the Adelong Gold Mine in New South Wales (NSW) and in Brazil, highly prospective Lithium Tenement packages in the prolific ‘Lithium Valley’ of Minas Gerais and Borborema Region. The Company is on the path to becoming a mineral producer at its Adelong Goldfield Project.

In May 2020, the Company acquired the Adelong Gold project located in the township of Adelong, Southern NSW, approximately 20km from Tumut and 80km from Gundagai. The acquisition presented an opportunity to acquire a near term producing mine in the company’s preferred commodity, gold. The Adelong goldfield boasts historic production of more than 800,000 oz and the acquisition included real estate, plant and equipment, 16 exploration permits covering 70km² including a mining permit covering 1.5km².

Since its acquisition of Adelong the Company has increased JORC compliant resources, completed several drilling and exploration programs to identify potential future opportunities for resource expansion at Caledonia and Gibraltar, and has completed a detailed scoping study evaluating project logistics and economics supporting a plant redesign and mine reopening.

In December 2023, Adelong finalised its acquisition of a 100% interest in three applications for lithium exploration permits (Santa Rita do Aracuai Lithium Project) located in the world-class “Lithium Valley” in Minas Gerais, in Brazil. This acquisition represents a pivotal transaction for the Company as it secures a strategic landholding in a globally significant, mining friendly region for hard-rock lithium spodumene deposits.  The ‘Lithium Valley’ accounts for all officially recognised lithium reserves in Brazil and is an emerging world-class lithium-producing region.

In March 2024, Adelong was granted a further 10 Brazilian licenses prospective for lithium pegmatites at the Paraiba Province Project. These licenses are located within the Borborema Region, which comprises Proterozoic rocks that form part of the Brasiliano Fold belt and which host plutonic intrusions similar to the “Lithium Valley” region of Minas Gerais Province. This region contains known lithium pegmatites and many deposits/occurrences of tantalum, beryl, niobium, and aquamarine, which are commonly associated with lithium-type pegmatites.