Adelong Gold Ltd. Stock Analysis ADG.AX

Adelong Gold Ltd. is a minerals exploration company, which engages in the exploration of gold, copper, zinc, and nickel in Western Australia. The company is headquartered in Melbourne, Victoria. The company went IPO on 2007-03-21. The firm is advancing towards gold production at its flagship Adelong Goldfield Project in New South Wales (NSW) and the Apollo Gold Project in Victoria. The firm also holds a prospective lithium portfolio in Brazil. The Adelong Goldfield Project spans 70 square kilometers and hosts a 188,000oz resource, with the potential for expansion at depth and along strike. The project includes multiple deposits, with the Perkins West deposit at Gibraltar. The Apollo Gold Project, covered by EL006430, encompasses approximately 102 square kilometers at the under-explored northern end of the Walhalla Gold Belt, situated about 120 kilometers (km) northeast of Melbourne, Victoria. Its lithium projects are the Santa Rita do Aracuai Lithium Project and the Paraiba Province Lithium Project. The firm also has an agreement to acquire a 100% legal and beneficial interest in the Lauriston Gold Project in Victoria.