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Adavale Resources (ASX:ADD) finalises exploration plan in South Australia for uranium

Adavale Resources finalised plans for an initial exploration program in South Australia, designed to target potential uranium deposits.

The exploration operation is expected to take place over a three to four-week period and will utilise existing pastoral tracks to determine the presence of near-surface uranium.

The company is particularly well situated to benefit from current increases in uranium prices, which have now surpassed US$100 ($152.66) per pound.

Adavale Executive Director David Riekie said the company is poised to quickly advance the project and identify areas of high uranium prospectivity.

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