Drilling fulfils explorer’s destiny
AGGRESSIVE drilling at Adelaide Resources’ key projects has confirmed that the South Australian company is on track to become one of the country’s leading gold, copper and uranium explorers. The ASX-listed company currently holds 20 copper, gold and uranium exploration licences throughout South Australia, the Northern Territory and Queensland that cover about 7300 square kilometres, and drilling has already confi rmed the potential for many of these tenements to host deposits. With $5.107 million in cash as at December 31, Adelaide Resources is set for an exciting year: one that will determine prospective production sites and place the company at the forefront of mineral exploration. One of Adelaide Resources’ most advanced exploration ventures is its wholly-owned Rover copper-gold project, which...