InvestSMART

Yandal Resources Limited (ASX:YRL)

ALERT: Price-sensitive ASX Announcement for YRL
Current share price for YRL : $0.165 -0.055 (-25%)+
Announcement
Release
19 Feb 2026 10:05AM
Price at Release
$0.220
Full Release
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Summary
The presentation discusses Yandal Resources Limited's strategic plans and recent achievements, highlighting two new gold discoveries, Arrakis and Siona, made within 11 months. Yandal, operating in the Yandal Belt, Western Australia, reported a strong cash position of $17.3 million as of December 31, 2025, fully funding their 2026 exploration program. This program aims to define high-value mineralisation and structural controls at Arrakis and evaluate fresh rock mineralisation at Flushing Meadows. Significant investments have been made in site infrastructure, including a 21-person exploration camp, to support the expanded exploration activities in 2026. The company credits its systematic and geologically driven exploration strategy for its success in discovering substantial resources totaling 450koz Au at Flushing Meadows and Mt McClure. Strategic partnerships and a strong relationship with Traditional Owners are emphasized, alongside potential growth opportunities within a 100km radius of mining and processing facilities.
Key Points
  • Two new gold discoveries in 11 months: Arrakis and Siona.
  • Strong cash position of $17.3 million as of December 31, 2025.
  • 2026 exploration program fully funded and underway.
  • Significant site infrastructure investments including a 21-person exploration camp.
  • Systematic and geologically driven strategy credited for discovery success.
  • Current resource inventory of 450koz Au at Flushing Meadows and Mt McClure.
  • Strategic partnerships with key stakeholders and a strong relationship with Traditional Owners.
  • Exploration focused on defining high-value mineralisation and structural controls.
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.