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Yandal Resources Limited (ASX:YRL)

ALERT: Price-sensitive ASX Announcement for YRL
Current share price for YRL : $0.195 -0.065 (-25%)+
Announcement
Release
2 Dec 2025 8:27AM
Price at Release
$0.260
Full Release
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Summary
Yandal Resources Limited announced the divestment of 37,573,385 shares in Horizon Minerals, generating $2.74 million as part of the total consideration for the sale of the Gordons Gold Project. This transaction was significant within their strategic portfolio adjustment. The total funds received from the divestment accumulated to $3.9 million, with net cash inflows of $18.9 million reported in the December 2025 quarter. The additional cash reserves strengthen the company's capacity to advance exploration programs across their gold exploration projects in the Yandal and Norseman-Wiluna Greenstone Belts.
Key Points
  • Divestment of 37,573,385 Horizon Minerals shares for $2.74 million.
  • Funds from Gordons divestment totaled $3.9 million.
  • Net cash inflows of $18.9 million were reported in the December 2025 quarter.
  • Sale was part of the agreement for the Gordons Gold Project.
  • The transaction supports exploration programs in key company assets.
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.