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Yari Resources Ltd (ASX:YAR)

ALERT: Price-sensitive ASX Announcement for YAR
Current share price for YAR : $0.004 -0.007 (-63.64%)+
Announcement
Release
6 Oct 2025 9:42AM
Price at Release
$0.011
Full Release
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Summary
Yari Minerals Limited has announced the commencement of its inaugural drilling campaign at the Rolleston South Coal Project, strategically located near Glencore’s Rolleston Mine in Queensland’s Bowen Basin. The project benefits from robust infrastructure and aims to upgrade its 190Mt JORC Inferred Resource to Indicated status through a drilling program managed by Xenith Consulting. The campaign includes geotechnical assessments and metallurgical test work, with the potential to classify part of the resource as semi-soft coking coal. Yari, which owns 100% of the project, is preparing to leverage significant exploration upside and has also expanded its geological model to a depth of 550 meters.
Key Points
  • Yari Minerals Limited has secured necessary approvals to begin drilling at the Rolleston South Coal Project.
  • The project is located near Glencore’s Rolleston Mine in the Bowen Basin, benefiting from excellent infrastructure.
  • Yari has appointed Xenith Consulting to manage the drilling program, which includes six RC and diamond drill holes.
  • The drilling campaign aims to upgrade the existing 190Mt JORC Inferred Resource to Indicated status.
  • Geotechnical assessments will be conducted to inform future studies.
  • The project has expanded its geological model to a depth of 550 meters, showing potential for resource expansion.
  • Rolleston South has significant exploration upside and could be classified as semi-soft coking coal with further test-work.
  • Yari owns 100% of the Rolleston South Coal Project and has interests in the Pilbara Projects in Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.