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Yandal Resources Limited (ASX:YRL)

ALERT: Price-sensitive ASX Announcement for YRL
Current share price for YRL : $0.155 0 (0%)+
Announcement
Release
30 Jul 2026 8:17AM
Price at Release
$0.155
Full Release
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Summary
Yandal Resources Limited reported significant exploration activities in the June 2026 quarter, focusing on the Ironstone Well–Barwidgee Gold Project in Western Australia, particularly at Arrakis and Siona. The company's cash position remained strong with $9.7 million, supported by a share issuance for services rendered. The quarter's exploration expenditure was approximately $4.2 million, with net cash used in operating activities amounting to $4.668 million. Future plans include further drilling and strategic assessments to enhance exploration outcomes and resource expansion.
Key Points
  • Yandal Resources Limited focuses on exploration in the Yandal Greenstone Belt in Western Australia.
  • The June 2026 quarter saw extensive drilling activities at the Ironstone Well–Barwidgee Gold Project, targeting Arrakis and Siona discoveries.
  • Yandal reported a resource of 268,000oz of gold at Flushing Meadows and strong exploration potential at the IWB project area.
  • Yandal's cash position at the end of June 2026 was approximately $9.7 million.
  • Net cash used in operating activities during the quarter was $4.668 million.
  • Exploration expenditure for the quarter was approximately $4.2 million.
  • Yandal issued 1,130,954 ordinary shares for drilling services.
  • The company plans further air-core drilling and strategic reviews in the next quarter.
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.