InvestSMART

Yari Resources Ltd (ASX:YAR)

ALERT: Price-sensitive ASX Announcement for YAR
Current share price for YAR : $0.006 -0.005 (-45.45%)+
Announcement
Release
30 Jan 2026 8:12AM
Price at Release
$0.011
Full Release
download
Summary
Yari Minerals Limited, listed on the Australian Stock Exchange as YAR, reported significant progress in its Rolleston South Coal Project during the quarter ending December 2025. The company commenced its inaugural drilling campaign, which confirmed the presence of thick, laterally continuous coal seams across multiple horizons, thus reducing geological risk. The drilling of four holes totaling 1,287.9 meters did not encounter any structural faulting, supporting confidence in seam continuity. Initial coal quality tests indicated high-yield, clean coal with potential metallurgical characteristics. Yari aims to upgrade part of its 190.1 Mt JORC Inferred Resource to Indicated status, based on drilling results and forthcoming coal quality data. The project is strategically located in Queensland’s Bowen Basin, with access to established infrastructure and proximity to operating mines. Yari's financial update revealed an exploration expenditure of $0.772 million for the quarter, with a cash balance of $1.275 million.
Key Points
  • Inaugural drilling campaign at Rolleston South Coal Project commenced.
  • Drilling confirmed thick, continuous coal seams and reduced geological risk.
  • Four drillholes completed totaling 1,287.9 meters without encountering structural faulting.
  • Initial coal quality tests suggest high-yield, clean coal with potential metallurgical characteristics.
  • Aim to upgrade part of 190.1 Mt JORC Inferred Resource to Indicated status.
  • Rolleston South strategically located with access to infrastructure and operating mines in Bowen Basin.
  • Exploration expenditure was $0.772 million for the quarter.
  • Cash balance at end of quarter was $1.275 million.
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.