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Yari Resources Ltd (ASX:YAR)

ALERT: Price-sensitive ASX Announcement for YAR
Current share price for YAR : $0.006 -0.003 (-33.33%)+
Announcement
Release
2 Feb 2026 8:15AM
Price at Release
$0.009
Full Release
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Summary
Yari Minerals Limited has announced a significant advancement in their Rolleston South Coal Project, reporting a maiden JORC Indicated Resource of 33.74 million tonnes (Mt), contributing to a total coal resource estimate of approximately 223Mt, which marks a 17% increase. The project, located in the Bowen Basin, Australia, benefits from strategic infrastructure access, with recent drilling confirming thick and continuous coal seams at shallow depths. Yari Minerals emphasizes the project's potential for near-surface mining opportunities and plans further testing and drilling to enhance coal quality data and development prospects.
Key Points
  • Yari Minerals Limited reported a maiden JORC Indicated Coal Resource of 33.74Mt at Rolleston South Coal Project.
  • The project saw a 17% increase in Total Coal Resource to approximately 223Mt, with 193.8Mt inferred tonnage.
  • Recent drilling intersected thick, continuous coal seams at shallow depths, including at 48.9m.
  • Rolleston South Project benefits from excellent infrastructure access, being close to existing rail and port facilities.
  • Further coal quality tests are underway to develop a coal specification sheet.
  • Additional drilling and quality results are expected in the following months, enhancing exploration prospects.
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.