Further drilling program completed at Adelong Goldfield designed to upgrade inferred resources at Caledonian to finalise Scoping Study
Looking south towards Adelong township emerging from a morning mist
Drilling the southern extension of the Challenger Deposit from the top of Victoria Hill. View looking south along the line of mineralisation towards the processing plant in the valley below.
Large scale open cut potential
Drilling to potentially generate inferred resources for Donkey Hill, Gibraltar, Sawpit
Adelong Gold Limited (Adelong) is a minerals explorer that owns the Adelong Gold Mine in New South Wales (NSW) and a highly prospective Lithium Tenement package in the prolific ‘Lithium Valley’ of Minas Gerais, Brazil. 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 September 2023, the Company announced that it had executed a Binding Agreement (Acquisition Agreement) to acquire a 100% interest in three applications for lithium exploration permits (Project) located in the world-class ‘Lithium Valley’ in Minas Gerais, in Brazil. The Acquisition Agreement represents a pivotal transaction for the Company and paves the way for it to secure 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. Adelong plans to commence exploration in the coming months and has an existing on-ground team in place.
”… Our Company strategy is to diversify our project base and to be an active participant in the massive battery metals space.”Peter Mitchell, MD
”Since acquiring the project, we have been exploring development options for the asset.Peter Mitchell, MD
Subscribe to Email Updates