Announcement PDF \ www.adavaleresources.com Adavale Resources Limited Level 2, 49 Oxford Close West Leederville, WA, 6007 Directors & Officers ALLAN RITCHIE Executive Chairman & CEO DAVID WARD Managing Director NIC MATICH Non-Executive Director LEONARD MATH CFO & Company Secretary ASX: ADD Adavaleresources Adavale_ASXADD Investor@adavaleresources.com +61 2 9127 9852 ASX ANNOUNCEMENT 24 June 2026 ADAVALE DRILLOUT CONTINUES TO GROW THE LONDON-VICTORIA RESOURCE AND PARKES THRUST EXTENSION Assays received for an additional 13 drillholes from the ongoing London-Victoria resource drillout continue to build on Adavale’s systematic drilling strategy, with the growing body of data validating and extending the resource below the existing open pit. Beyond the immediate resource growth opportunity, the current drillout is building a critical foundation for Adavale’s broader belt-scale strategy, where London-Victoria is interpreted as part of a much larger Parkes Thrust-hosted gold corridor extending south through the Company’s recently acquired tenure to the Calarie Mining Licence. • Highlights include: ALRC059 • 19m @ 1.36g/t Au from 149m ALRC058 • 1m @ 10.3g/t Au from 35m within 6m @ 3.22g/t Au from 35m • 7m @ 1.18g/t Au from 108m and • 4m @ 1.41g/t Au from 119m within 23m @ 0.87g/t Au from 108m and • 6m @ 1.77g/t Au from 162m within 28m @ 0.62g/t Au from 141m ALRC056 • 4m @ 1.06g/t Au from 125m and • 6m @ 1.39g/t Au from 133m and • 3m @ 1.62g/t Au from 148m within 47m @ 0.68g/t Au from 121m ALRC029 • 4m @ 3.60g/t Au from 190m • These 13 drillholes represent 2,751m of a total 14,155m drilled by Adavale to date • Drilling continues with two rigs; assays from a further 26 drillholes are at the laboratory with results expected progressively over the coming weeks. Adavale Resources Managing Director, Mr. David Ward, commented: “The latest London-Victoria results continue to build confidence in the scale and continuity of gold mineralisation below the historic open pit. Increasing drill density is refining our geological model and improving our understanding of the controls on the higher-grade shoots. With drilling continuing across two rigs and a further 26 holes at the Laboratory, we expect this momentum to continue as we work toward an updated Mineral Resource, a key step in unlocking Adavale’s Parkes Thrust gold corridor.” 2 Adavale Resources Limited (ASX:ADD) (“Adavale” or the “Company”), an Australian junior explorer/developer focused on gold and copper in the Lachlan Fold Belt of New South Wales, is pleased to announce the results from the next 13 holes (2,751m) of the current ongoing drilling program at The London-Victoria Gold Mine. Figure 1: Plan View of the London Victoria Open Pit displaying all Adavale Drillholes to date (14,155m) coloured with calculated gold intervals >1m wide over 0.3g/t Au projected to surface. Blue traces = assays pending 3 Figure 2: Cross Section Displaying position and gold results for ALRC058 and ALRC059 relative to the historic London-Victoria Open Pit (Section Line A-A’ displayed in Figure 1) Results have been received for 13 holes of the ongoing resource drillout at the London- Victoria Gold Mine (ALRC027, ALRC029, ALRC030, ALRC036-041, ALRC054 and ALRC056-059). An additional 26 holes have been completed and submitted for analysis in multiple batches. The results continue to support the Company's interpretation that London-Victoria contains a combination of structurally controlled higher-grade shoots of mineralisation under the northern portion of the pit and broader zones to the south. Higher-grade intercepts, including ALRC029, ALRC027 and ALRC037, continue to support the continuity of discrete higher-grade lodes below the open pit in the north. Broad, consistent intercepts in ALRC056, ALRC058 and ALRC059, continue the trend of broad intercepts of up to 47m true width in the south, and provide additional data for the planned Mineral Resource update and support the interpretation of a larger mineralised system at London- Victoria. 4 Figure 3: Cross Section Displaying position and gold results for ALRC056 and ALRC057 relative to the historic London-Victoria Open Pit (Section Line B-B’ displayed in Figure 1) Diamond Drilling All assay results received to date from the current program have been from reverse circulation drilling, which has enabled Adavale to swiftly and systematically build drill density below the 1.5km span of the London-Victoria open pit to better identify and assess priority areas for follow-up. The second rig onsite is drilling diamond core, with the Company now underway on its third diamond hole. Two completed diamond holes have been logged and are awaiting cutting and assay. The diamond drilling component of the program is designed to provide important structural information to assist interpretation of the deposit, improve confidence in the geological model, Mineral Resource Estimate and support more targeted follow-up drilling of the higher-grade shoots below the historic open pit. 5 Additional Geological Review Work With the current drillout now providing a substantially larger body of data and an improved understanding of the structural controls on mineralisation at London-Victoria, Adavale has commenced additional review work to better integrate historical and recent drilling into the evolving geological model. This work includes relogging and reassessment of diamond hole AEIDD001, which was previously reported by Adavale as a 453m diamond core hole drilled by the Vendor of the Parkes Project in November 2024 to test the down-dip depth potential of the London-Victoria deposit. The hole was drilled prior to Adavale becoming operator of the Project and intersected a broad zone of quartz- carbonate veining, shearing and pyrite-sericite alteration interpreted to be broadly consistent with the London-Victoria mineralised system. Previous sampling of AEIDD001 was selective, with only priority sections of the hole cut and assayed. In light of the improved geological understanding now being developed from the current RC and diamond drilling programs, Adavale is reassessing the unsampled and partially assessed portions of AEIDD001 to determine whether additional cutting and sampling is warranted. This work is expected to assist in refining the down-dip interpretation of the deposit and in turn support more targeted follow-up drilling below and beyond the historic open pit. Figure 4: 25cm Section of uncut core, sheared, altered and mineralised from 223-224m in AEIDD001, the bright brassy coloured mineral is pyrite, a common sulphide mineral often associated with gold-bearing alteration systems. Note: Visual observations from the AEIDD001 core photo are qualitative in nature and are provided for geological context only. No visual estimate of gold grade or metal content can be determined from the core photo, and any assessment of grade will be dependent on laboratory assay results.1 1 Refer to ASX announcement dated 9 April 2025 “Parkes Project Advances in Central NSW Lachlan Fold Belt” for detailed results disclosed on AEIDD001 6 Preliminary Metallurgical Sighter Testwork Preliminary metallurgical sighter testwork completed on three London-Victoria composite samples has returned encouraging early results, supporting the potential for gold recovery through conventional cyanide leaching. The two higher-grade samples demonstrated rapid leach kinetics, with final 24-hour recoveries of approximately 81-83%. These results indicate that a significant proportion of the gold is readily recoverable under standard cyanide leach conditions. Reagent consumption was low across all three composites, with both NaCN and CaO consumption below 0.55kg/t, providing a positive early indication of conventional processing potential. The results are preliminary in nature and will be used to guide the next phase of metallurgical testwork. Future metallurgical testwork is expected to incorporate diamond core from the current drilling program, providing fresh, continuous material to better assess metallurgical variability, recovery characteristics and processing performance across the deposit. London-Victoria Gold Mine – Next Steps • Brownfields drilling o Systematic “drill out” underway to expand and upgrade existing mineralisation and support ongoing Mineral Resource growth. o 2 rigs remain active on site, with assay results reported once received and validated. • Metallurgical testing o Comprehensive metallurgical test work on core samples to assess recoveries and support future development studies. • Preliminary scoping studies o Early-stage technical and economic assessments to evaluate development pathways and inform project prioritisation. • Geophysical surveys o High-resolution airborne geophysics to refine structural interpretation, improve targeting accuracy and prioritise follow-up drilling. • MRE Update o Expect to complete an update to the MRE by mid-3Q CY26. 7 Calarie Gold Mining Licence (ML739) – Next Steps • Magnetic Survey: In the light of the positive magnetics vs gold association at London- Victoria airborne and/or ground-based magnetics will be assessed as a potential tool to assist with targeting. • Detailed Review and Interpretation to refine follow-up drill targets. • RC and/or Diamond Drilling: Post detailed review and interpretation follow-up drilling of high-grade drill results by OMX at the Calarie Gold Mine. Greenfields Exploration – Regional Targets at Belt-Scale Parkes Project -Next Steps • Geophysical surveys o Extension of high-resolution magnetics at Ashes, into the newly acquired exploration tenure to assist target generation associated with the IP anomalism and high-grade surface sampling. • Surface geochemistry o Extension of systematic soil and rock-chip programs at Ashes, into the newly acquired exploration tenure to generate new anomalies and rank targets for drilling. • First-pass drilling o Initial drill testing of priority greenfield targets generated from geophysics and geochemistry to pursue new discoveries. This announcement is authorised for release by the Board of Adavale Resources Limited. Further information: Allan Ritchie Executive Chairman and CEO Adavale Resources E: investor@adavaleresources.com P: +61 2 9127 9852 David Ward Managing Director Adavale Resources E: investor@adavaleresources.com P: +61 2 9127 9852 8 Forward Looking Statements Certain statements in this announcement are or may be “forward-looking statements” and represent Adavale’s intentions, projections, expectations, or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward-looking statements involve known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Adavale Resources, and which may cause Adavale Resources actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this announcement is a promise or representation as to the future. Statements or assumptions in this announcement as to future matters may prove to be incorrect and differences may be material. Adavale Resources does not make any representation or warranty as to the accuracy of such statements or assumptions. ASX Announcement References • 5 May 2025 “Maiden JORC Resource at London-Victoria Project” • 9 April 2025 “Parkes Project Advances in Central NSW Lachlan Fold Belt” The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Information on the Mineral Resources presented on the London-Victoria deposit is contained in the ASX announcement dated 5 May 2025. Where the Company refers to Mineral Resource in this presentation, it confirms that it is not aware of any new information or data that materially affects the information included in that announcement and all material assumptions and technical parameters underpinning the Mineral Resource estimate with that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not materially changed from the original announcement. Information on the Mineral Resources presented on the Calarie’s gold deposit is contained in the ASX announcement dated 1 June 2026. Where the Company refers to Mineral Resource in this presentation, it confirms that it is not aware of any new information or data that materially affects the information included in that announcement and all material assumptions and technical parameters underpinning the Mineral Resource estimate with that announcement continue to apply and have not materially changed. The Company confirms that the form and context their with JORC Table 1 in which the Competent Person’s findings are presented have not materially changed from the original announcement. Competent Persons Statement The information in this document that relates to exploration results is based on information compiled by David Ward BSc, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (AUSIMM), (Member 228604). David Ward has over 25 years of experience in metallic minerals mining, exploration and development and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activities being undertaken to qualify as a ‘Competent Person’ as defined under the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Ward consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. 9 Overview of The Parkes Project: A World-Class Geological Setting The Project resource is 166koz Au and comprises the Calarie Mining Licence, London Victoria Mine as well as an additional 10 granted exploration licences (EL’s) that cover a total area of ~610 km2 across 70km of contiguous Belt-Scale strike strategically located within the Macquarie Arc of NSW’s Lachlan Fold Belt – a Tier-1 mining jurisdiction. The region hosts world-class operations such as Cadia Ridgeway (35.1Moz Au & 7.9Mt Cu) and Northparkes (5.2Moz Au & 4.4Mt Cu), adjacent and directly west of the Parkes Project. Figure 6: Map of the central New South Wales Lachlan Fold Belt 10 ABOUT ADAVALE RESOURCES Gold and Copper explorer-developer focused on the Belt-Scale Parkes Project in NSW's Lachlan Fold Belt. The Belt-Scale Parkes Thrust Project Adavale Resources Limited (ASX:ADD) tenements span ~610km2 including the Calarie Mining Licence and the London Victoria Mine with a combined historical resource of 166koz Au as well as an additional 10 licences, with all licences spanning 70km of contiguous strike, that are highly prospective for Au-Cu. Located adjacent to ASX:EVN’s giant Northparkes (5.2Moz Au & 4.4Mt Cu) copper-gold porphyry and along the Parkes Thrust Hosted orogenic deposits including our London-Victoria, Calarie and ASX:ALK’s Tomingley and Peak Hill deposits. The project area encompass’ the highly prospective Ordovician-aged rocks of the Macquarie Arc which includes ASX:NEM massive Cadia- Ridgeway (35Moz Au & 7.9Mt Cu) copper- gold porphyry. The Kabanga Jirani Nickel Project Adavale also holds the Kabanga Jirani Nickel Project, a portfolio of 11 highly prospective granted licences along the East African Nickel belt in Tanzania. The nine southernmost licences are proximal to the world class Kabanga Nickel Deposit (87.6Mt @ 2.63% Ni Eq). Adavale holds 100% of all licences except for two licences that are known as the Luhuma-Farm-in, which are held at 65%, adding a further 99km2 and bringing the portfolio to 1,000km2 . Adavale’s licences were selected based on their strong geochemical and geophysical signatures from the previous exploration undertaken by BHP. 11 Appendix 1 – Collar Summary (Entire Program) HOLE_ID X (GDA94) Y (GDA94) RL DEPTH Dip Azimuth (GDA94) Status ALRC027 605301 6329991 333.5 201 -50.5 280 This Announcement ALRC028 605302 6329991 333.5 231 -60.0 275 Announced 30 April 2026 ALRC029 605288 6329922 333.3 231 -50.5 276 This Announcement ALRC030 605289 6329922 333.3 231 -60.3 276 This Announcement ALRC031 605274 6329878 333 213 -50.3 280 Announced 30 April 2026 ALRC032 605275 6329878 333 231 -60.2 280 Announced 30 April 2026 ALRC033 605243 6329809 333.2 201 -49.1 297 Announced 30 April 2026 ALRC034 604978 6329216 323.8 231 -69.8 279 Announced 30 April 2026 ALRC035 604969 6329191 323.9 231 -68.7 283 Announced 30 April 2026 ALRC036 604966 6329160 322.6 201 -60.2 280 This Announcement ALRC037 605231 6329791 333.2 201 -49.9 278 This Announcement ALRC038 605232 6329791 333.2 231 -59.6 280 This Announcement ALRC039 605203 6329744 334.2 201 -50.5 278 This Announcement ALRC040 605204 6329744 334.2 183 -59.6 276 This Announcement ALRC041 605185 6329698 335.3 201 -50.1 278 This Announcement ALRC042 605186 6329698 335.3 234 -60.1 279 Assays Pending ALRC043 605171 6329650 336.4 198 -47.9 280 Assays Pending ALRC044 605172 6329650 336.4 234 -59.7 279 Assays Pending ALRC045 605158 6329601 336.9 204 -49.6 277 Assays Pending ALRC046 605159 6329601 336.9 234 -60.3 276 Assays Pending ALRC047 605146 6329557 337 162 -48.1 278 Assays Pending ALRC048 605147 6329557 337 234 -59.8 278 Assays Pending ALRC049 605106 6329511 335.6 210 -60.0 277 Assays Pending ALRC050 605107 6329512 335.6 234 -69.6 276 Assays Pending ALRC051 605087 6329462 335.6 204 -55.1 274 Assays Pending ALRC052 605087 6329462 335.6 227 -65.6 273 Assays Pending ALRC053 605086.1 6329411 329.5 71 -49.7 279 Assays Pending ALRC054 605086.8 6329411 329.5 204 -60.4 281 Assays Pending ALRC055 605087.4 6329411 329.4 210 -69.9 280 Assays Pending ALRC056 605079 6329348 327.8 210 -54.6 277 This Announcement ALRC057 605079.8 6329348 327.8 222 -65.3 278 This Announcement ALRC058 605048.2 6329304 326 204 -50.2 277 This Announcement ALRC059 605049 6329304 326.1 234 -60.0 277 This Announcement ALRC060 605021.2 6329262 324.9 204 -49.6 281 Assays Pending ALRC061 605021.9 6329262 324.8 234 -59.7 280 Assays Pending ALRC062 605296 6329957 331 204 -49.5 280 Assays Pending ALRC063 605297 6329957 331 234 -60.1 281 Assays Pending ALRC064 605195 6329721 332 204 -49.7 276 Assays Pending ALRC065 605196 6329721 332 234 -58.7 275 Assays Pending ALRC066 605216 6329769 332 204 -49.1 278 Assays Pending ALRC067 605217 6329769 331 234 -59.0 276 Assays Pending ALRC068 605179 6329674 333 204 -48.8 272 Assays Pending ALRC069 605180 6329674 333 234 -59.5 272 Assays Pending ALD001 604977.8 6329155 322 279.6 -62.5 272 Assays Pending ALD002 604983 6329214 321 245.7 -50.4 283 Assays Pending 12 Appendix 2 – Significant Intercepts (Significant intercepts for all 13 holes, calculated cut-off grades are shown (0.3g/t, 0.5g/t, 1.0g/t Au). Showing intercepts greater than or equal to 2m with 3m internal dilution) HOLE_ID DEPTH FROM (m) WIDTH (m) Au g/t GM Cut-Off Au g/t ALRC027 180 6 1.12 7 0.3 including 181 2 2.70 5 1 ALRC029 190 5 2.98 15 0.3 including 190 4 3.60 14 1 ALRC030 217 2 0.81 2 0.5 ALRC036 96 4 0.43 2 0.3 and 118 13 0.30 4 0.3 and 138 2 0.76 2 0.5 and 145 2 0.82 2 0.3 and 151 7 0.93 7 0.5 including 156 2 1.17 2 1 ALRC037 154 4 1.66 7 0.3 including 155 2 2.73 5 1 ALRC038 159 2 1.11 2 0.5 ALRC039 140 6 1.06 6 0.3 including 144 2 2.26 5 1 ALRC040 146 5 0.80 4 0.5 including 149 2 1.40 3 1 ALRC041 141 2 1.85 4 1 ALRC056 108 6 0.98 6 0.5 including 110 4 1.21 5 1 and 121 47 0.68 32 0.3 including 125 4 1.06 4 1 including 133 6 1.39 8 1 including 148 3 1.62 5 1 and 159 3 0.46 1 0.5 ALRC057 109 4 0.51 2 0.3 and 123 5 0.39 2 0.3 and 136 29 0.64 19 0.3 including 156 9 0.94 8 0.5 and 170 2 0.62 1 0.5 including 179 2 0.93 2 0.5 ALRC058 35 6 3.22 19 1 and 108 23 0.87 20 0.3 including 108 7 1.18 8 1 including 119 4 1.41 6 1 and 141 28 0.62 17 0.3 including 160 8 1.48 12 0.5 including 162 6 1.77 11 1 ALRC059 0 2 0.40 1 0.3 and 37 2 0.84 2 0.3 and 45 2 0.85 2 0.3 and 110 10 0.36 4 0.3 and 125 2 0.94 2 0.5 and 149 19 1.36 26 0.5 including 159 9 2.12 19 1 and 172 3 1.11 3 0.5 13 Appendix 3 – JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria listed in the preceding section also apply to this section) CRITERIA JORC Code Explanation Commentary SAMPLING TECHNIQUES • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. • The quality of reverse circulation (RC) percussion drilling is generally medium–high because the method significantly reduces the potential of contamination, unless there is a lot of groundwater or badly broken ground. Consequently, these samples can be representative of the interval drilled and therefore can be used for Mineral Resource estimation. • RC drilling was used to obtain 1m samples collected through a rig mounted cyclone and then using a rig mounted cone splitter to produce an approximately 3kg sample split for assay. • The samples were then dispatched to the Onsite Laboratory Services laboratory in Bendigo. The samples were then crushed and pulverised to produce a 25g charge for fire assay with an AAS (atomic absorption spectroscopy) finish for gold determination, with a 0.01ppm detection limit. • Drill chips were logged by a trained geologist. • Duplicate samples were collected approximately every 20 samples and submitted to the laboratory. Duplicates intervals were selected within zones of visual mineralisation by the onsite geologist. DRILLING TECHNIQUES • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). • RC drilling was completed using a 140mm face sampling bit and hammer. DRILL SAMPLE RECOVERY • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • All samples were dry and RC drilling recoveries recorded. • Sample recoveries were considered to be good and within acceptable tolerance for RC drilling. 14 CRITERIA JORC Code Explanation Commentary LOGGING • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • Systematic geological logging was undertaken onsite at the time of RC drilling. Data includes: • Collar information including hole depth, coordinates, survey method, survey type, survey date, tenement number, tenement name, prospect name, hole status, date commenced drilling, date completed drilling, pre-collar depth, water depth, bottom of complete oxidation, top of fresh rock. • Nature and extent of weathering. • Nature and extent of lithologies. • Interpretation of relationship between lithologies. • Nature and extent of veining. • Amount and mode of occurrences of ore minerals. • Magnetic susceptibility measurements for every 1m sample. • Both qualitative and quantitative data was collected. • RC chips were retained in chip trays and stored at Adavale’s yard in Parkes. • Chip trays were photographed. SUB-SAMPLING TECHNIQUES AND SAMPLE PREPARATION • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality, and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • RC samples were collected using a rig mounted cone splitter. • All of samples collected were dry. • RC samples were dried, crushed, and pulverised to 90% passing 75 microns • RC drilling field duplicates were taken approximately every 20 samples. The samples were dried, crushed, and pulverised to 90% passing 75 microns. QUALITY OF ASSAY DATA AND LABORATORY TESTS • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. • Gold (Au) was determined by 50g fire assay (method Au-PE01S) with a detection limit of 0.01ppm. • Field duplicates were sampled using the same rig mounted cone splitter as the primary samples. The results of the duplicates were within acceptable tolerance from original. • Drill data is compiled and collated and reviewed by senior Adavale staff. • No historic or current drillholes have been twinned. • The strong foliation in the host rocks caused significant deviation in some drillholes as a result some holes have intersected the mineralised horizon close to historic drillhole intersections. All legacy and new drillholes are displayed on the cross-sections and long-sections within the announcement. 15 CRITERIA JORC Code Explanation Commentary VERIFICATION OF SAMPLING AND ASSAYING • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • Drill data is compiled and collated and reviewed by senior Adavale staff. • No historic or current drillholes have been twinned. • The strong foliation in the host rocks caused significant deviation in some drillholes as a result some holes have intersected the mineralised horizon close to historic drillhole intersections. All legacy and new drillholes are displayed on the cross-sections and long-sections within the announcement. LOCATION OF DATA POINTS • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. • Drill collar locations were initially pegged and surveyed using a handheld Garmin GPS with an accuracy of 3-5m. • Drillhole collar and downhole survey co-ordinates are recorded in UTM MGA94 Zone 55S. • All angled RC holes were downhole surveyed using Reflex GYRO survey tool to produce azimuth and dip readings. Readings were collected typically at a 5m spacing on open hole surveys post completion of drilling the holes. • Topography was determined via drone photogrammetry processed by Drone Deploy and cross checked with the legacy open pit survey. DATA SPACING AND DISTRIBUTION • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. • Drillhole collar spacing is variable but designed to intersect the mineralised body approximately on 50m sections. • The London-Victoria deposit has an existing 2012 JORC Inferred Mineral Resource Estimate of 3.8Mt @ 0.95g/t Au for 115koz Au at a reporting cut-off of 0.25 g/t Au and 3.14Mt @ 1.06 g/t Au for 107koz at a 0.5g/t cut-off. (Adavale Resources Limited Announcement 5th May 2025). • All 1m samples collected were assayed for Au and no sample compositing has been applied. ORIENTATION OF DATA IN RELATION TO GEOLOGICAL STRUCTURE • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced