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Yandal Resources Limited (ASX:YRL)

ALERT: Price-sensitive ASX Announcement for YRL
Current share price for YRL : $0.200 -0.1 (-33.33%)+
Announcement
Release
24 Nov 2025 8:24AM
Price at Release
$0.300
Full Release
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Summary
Yandal Resources Limited has commenced a significant RC drilling program at the Arrakis site, targeting a 5,000-meter coverage by December 2025. The initial diamond drilling results have shown promising gold grades, indicating two distinct mineralisation styles within the site. These include a widespread lower-grade zone in altered volcanic sediments and a more concentrated higher-grade zone with significant deformation and alteration. The company's exploration efforts confirm the vertical extent and complex geology of the mineralisation, with further results anticipated soon. Yandal Resources remains well-funded, supporting its active exploration agenda into 2026.
Key Points
  • The Arrakis RC drilling program has commenced with approximately 5,000 meters planned.
  • Initial results from Arrakis diamond drilling have been received, showing promising gold mineralisation.
  • Two different mineralisation types were identified: a lower-grade style within altered volcano-sedimentary units and a higher-grade style with strong deformation and alteration.
  • Diamond drilling confirmed the vertical geometry of mineralisation.
  • The Arrakis mineralisation is broadly strata-bound but includes some mineralisation in deformed basalt and dolerite.
  • Further results from additional diamond drilling at Arrakis are expected in the coming weeks.
  • The company has a strong cash position and an active exploration schedule through 2025 and 2026.
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.