Pump today from Shares in value/East Coast Research.
Like all their pumps has some superficial narrative appeal.
Used to pass through Adelong when commuting through Tumut and Batlow as an apple picker and saw the ravaged looking creek along the road which I presumed was due to historical gold panning?
“We initiate coverage on Adelong Gold with a current valuation of $0.028, representing a 301.37% expected upside from the current share price of $0.007. ADG is an Australian gold explorer with near-term production potential yet remains significantly undervalued with a market cap of just $9.78 million. Its flagship Adelong Goldfield Project in NSW hosts a JORC Resource of 188,000oz at 3.21 g/t Au across high-grade zones including Challenger, Currajong, and Caledonian. ADG recently acquired the Apollo Gold Project in Victoria, a highly prospective asset with historical high-grade gold and antimony intercepts, adding dual-commodity upside. With strategic partnerships and a strong pipeline, ADG is well-positioned for multi-jurisdictional growth.
Strategic Farm-in Agreement Accelerates Path to Production
The Adelong Goldfield Project presents compelling development potential, anchored by a high-grade JORC-compliant resource of 188,000oz at 3.21 g/t Au and supported by fully permitted processing infrastructure—yet remains significantly undervalued by the market given its near-term production profile. A 2022 Scoping Study confirmed the project’s technical viability, while recent exploration results point to further upside at depth and along strike. In October 2024, Adelong Gold entered a binding farm-in agreement with GDM, under which GDM invested $300,000 for an initial 15% stake in Challenger Gold Mines Pty Ltd. GDM will increase its stake to 51% upon achieving first gold production within 12 months, allowing Adelong to retain a 49% interest with no funding obligation until production commences.
Adelong Set to Benefit from Bullish Gold Outlook
With the Adelong Gold Project advancing toward near-term production and cash flow, ADG is well-positioned to benefit from the current strength in gold prices. The project’s existing infrastructure and high-grade resource support a rapid development timeline. As gold continues to trade near record highs, even modest production could generate strong cash flow. This price environment significantly enhances the project’s economic appeal and investor upside.
Valuation Range of A$0.024-$0.032 per share”
Not Held
Certainly not buying into the pump
WEEKLY chart not showing today’s bullish action
