Adelong Gold Limited (ASX:ADG) is a mineral exploration company advancing towards gold production at its flagship Adelong Goldfield Project in southern New South Wales (NSW). The Company recently acquired a 100% interest in EL006430, renamed the Apollo Gold Project in Victoria, Australia. Adelong also owns highly prospective Brazil lithium tenement packages in the prolific ‘Lithium Valley’ of Minas Gerais and in Paraiba Province within the Borborema Region.

Acquired in May 2020, the Adelong Goldfield spans 70km² with a 188,000oz resource, including an 18,300oz maiden JORC Resource at Perkins West. In October 2024, Adelong Gold entered a binding farm-in agreement with Great Divide Mining (ASX:GDM) for a staged acquisition of a 51% interest in the project. Operational priorities include restarting the modern Adelong Gold Plant and advancing exploration to expand resources. GDM’s role as operator ensures efficient management, positioning the project as a regional gold production hub.

In February 2025, Adelong Gold acquired a 100% interest in EL006430, renamed the Apollo Gold Project in Victoria’s highly prospective “Melbourne Zone.” The project hosts multiple zones of thick, high-grade gold mineralisation, presenting strong exploration and development potential.

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.