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Yandal Resources Limited (ASX:YRL)

ALERT: Price-sensitive ASX Announcement for YRL
Current share price for YRL : $0.185 -0.015 (-7.50%)+
Announcement
Release
23 Mar 2026 9:59AM
Price at Release
$0.200
Full Release
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Summary
Yandal Resources Limited has launched its 2026 exploration program at the Ironstone Well-Barwidgee Gold Project in Western Australia, focusing on expanding its mineral resource base. The program includes substantial drilling efforts at key sites such as Flushing Meadows, New England Granite, and Arrakis. Supported by a newly established exploration camp, the company aims to consolidate recent discoveries and target new ones within the Yandal Greenstone Belt. The Nayla target area is also under examination through an EIS co-funded drilling initiative. This comprehensive exploration strategy is designed to enhance the understanding of existing resources and identify new opportunities in the region.
Key Points
  • Yandal Resources Limited (ASX: YRL) has commenced its 2026 exploration activities across the Ironstone Well-Barwidgee (IWB) Gold Project.
  • The exploration involves approximately 10,000m of reverse circulation (RC) drilling, 5,000m of diamond drilling (DD), and 15,000m of air-core (AC) drilling.
  • Key exploration areas include the Flushing Meadows deposit, the New England Granite target area, and the Arrakis gold discovery.
  • Yandal Resources aims to assess the mineralisation potential of recent gold discoveries and expand the exploration across the Yandal Greenstone Belt in Western Australia.
  • The Nayla target area is being explored through an EIS co-funded diamond drilling program to confirm the presence of an intrusive complex.
  • A 600m RC drilling program has begun in the New England Granite target area, focusing on high-grade gold mineralisation.
  • The exploration is supported by a 21-person camp and core yard, with plans to operate multiple drilling rigs on site.
  • Heritage surveys and environmental baselines are scheduled to ensure compliance and planning for further exploration.
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.