Announcement PDF ASX Announcement 12 January 2024 Oblique Phase Two RC Drilling Results Confirm Broad Zones of Gold Mineralisation and Define Key Structure Key Points: • Assay results have been received from the 2,574m reverse circulation (RC) program across the Oblique Prospect at the Ironstone Well-Barwidgee Gold Project in the northern Yandal Greenstone Belt. • The results confirm the presence of multiple mineralised structures cross-cutting the magnetic stratigraphy. Notable intercepts include: o o 24m @ 1.8 g/t Au from 60m (YRLRC1177), 3m @ 11. 4g/t Au from 102m (YRLRC1175),  o 9m @ 1.9 g/t Au from 63m (YRLRC1171),  o including 2m @ 16.9g/t Au from 102m including 2m @ 6.5g/t Au from 66m 13m @ 1.1g/t Au from 93m (YRLRC1169) • Geological interpretation of results suggests a large structure, designated OBL01, as a major prospect scale control on mineralisation. Significantly, this structure is essentially un-tested to the northwest and southeast, potentially opening up additional exploration targets peripheral to the main Oblique mineralisation trend. • Preparation has commenced for the next phase of drilling, which is expected to commence late Q1 or early Q2 2024 and include follow-up of key positions at Oblique as well as first pass drilling at two other highpriority prospects: Quarter Moon and New England Granite. • The Company is well funded after a successful $4 million capital raise in November 2023. For further information or to ask questions in relation to this announcement, please visit our Investor Hub at: https://investorhub.yandalresources.com.au/link/8r6wkP Commenting on the new results, Yandal Resources’ Managing Director, Mr Tim Kennedy, said: We’re pleased that results from this program have confirmed our view that Oblique has large-scale mineralisation potential. Most importantly, these results highlight for the first time the importance of the cross-cutting structures as a key control on mineralisation and provide a focus for exploration moving forward. The main OBL01 structure, which hosts a number of strong intercepts, including 24m @ 1.8g/t Au, remains open to the northwest and also to the southeast, where the magnetite-rich unit exhibits zones of demagnetisation and is, therefore, a compelling target. Other interpreted parallel structures are evident in the magnetic imagery and will also be a focus of ongoing exploration. We are excited by the opportunity that Oblique presents and look forward to commencing the next phase of drilling, which will also include testing our other priority targets at Quarter Moon and New England Granite. Registered Address Board Members Yandal Resources Limited Tim Kennedy Managing Director/CEO Greg Evans Non-Exec Chairman Katina Law Non-Exec Director Chris Oorschot Technical Director Greg Fitzgerald Company Secretary T +61 8 9389 9021 E yandal@yandalresources.com.au W www.yandalresources.com.au ACN 108 753 608 A P ABN 86 108 753 608 Level 1, U5/62 Ord Street West Perth WA 6005 PO Box 1104 Nedlands WA 6909 Yandal Resources Ltd (ASX: YRL, “Yandal Resources” or the “Company”) is pleased to advise that it has received all assay results from the 14-hole (2,406m) RC drilling program (with an additional 168m of drilling extending three previous drilled RC holes), completed at the Oblique (E 53/1882) Prospect within the Ironstone Well – Barwidgee (IWB) Gold Project (see Figure 1). Results received from drilling across Oblique have: • Highlighted broader and higher-grade mineralisation where previous drilling was unable to effectively test the target due to difficult ground conditions, • Refined the geometry of broad and higher-grade mineralisation in the north, associated with quartz veining within an interpreted north-west striking north-east dipping structure (designated OBL01), which remains open along strike and down plunge, o • Critically, this structure is relatively un-tested outside of the main Oblique trend. Identified a number of potential parallel structures to the south that are open along strike and at depth. BACKGROUND Oblique is located approximately 6km northwest along strike from the 268,000oz Flushing Meadows Resource and 45km south of Northern Star’s (ASX: NST) Jundee Mine (see Figure 1). Oblique and Flushing Meadows are adjacent to the Barwidgee Shear Zone, a major regional mineralised structure. Previous drilling highlighted that Oblique has strongly anomalous gold over a 1.9km long zone and returned numerous intercepts, some of which are broad and contain higher-grade cores. A review of previous drilling indicated that mineralisation occurs in multiple sub-parallel positions with many holes ending in mineralisation or not having effectively tested the full width of the host stratigraphic sequence. The scale of the regolith and surface anomaly, combined with the limited effectiveness of previous drilling, prompted the prioritisation of Oblique for drilling in 2023. The recently completed RC program aimed to: • Further test mineralisation within the currently defined Exploration Target extents, • Test for mineralisation 400m south of previous RC drilling and • Obtain several intercepts of mineralisation within fresh rock. ASX Announcement 12th January 2024 Page 2 FIGURE 1: IRONSTONE WELL / BARWIDGEE PROJECT OVERVIEW SHOWING THE OUTLINE OF YRL TENURE, REGIONAL INTERPRETED BEDROCK GEOLOGY, AND THE LOCATION OF PROSPECTS DISCUSSED IN THIS REPORT. THE DASHED RED LINE IS A CIRCLE WITH A 5KM RADIUS HIGHLIGHTING THE PROXIMITY BETWEEN THE FLUSHING MEADOWS DEPOSIT AND THE OBLIQUE AND QUARTER MOON PROSPECTS. ASX Announcement 12th January 2024 Page 3 TECHNICAL SUMMARY RC Drilling Results The Oblique RC program comprised 14 holes for 2,406m along 1,100m of strike. In addition to these holes, three previously drilled RC holes were extended for a total of 168m. Despite difficult drilling conditions, all holes were completed to the designed depth. The program successfully achieved its purpose, namely to: • Further test mineralisation within the currently defined Exploration Target extents, • Test for mineralisation 400m south of previous RC drilling and • Obtain several intercepts of mineralisation within fresh rock. High water volumes, particularly within quartz veining, around intrusive contacts and high sulphide zones, meant that wet samples were recovered in lieu of dry samples, with some evidence of sample volume loss observed, particularly in deeper holes. Results for all submitted samples have been received. Significant intercepts are summarised below, illustrated in Figures 2 to 7, and listed in Tables 1 and 2. o o 24m @ 1.8 g/t Au from 60m (YRLRC1177), 3m @ 11.4 g/t Au from 102m (YRLRC1175),  o 9m @ 1.9 g/t Au from 63m (YRLRC1171),  o including 2m @ 16.9 g/t Au from 102m including 2m @ 6.5 g/t Au from 66m 13m @ 1.1 g/t Au from 93m (YRLRC1169) The results build on previous RC drilling completed in October 2023 (see ASX release 25th October 2023). Geology The Oblique Prospect is interpreted to be hosted within the same Archaean greenstone volcanosedimentary sequence (greenschist facies metamorphosed) as the Company’s nearby 268,000oz Flushing Meadows Mineral Resource. The prospect is characterised by a prominent magnetic northwest striking magnetic high (see Figure 2). Limited historical mapping identified chert, shale, and felsic/intermediate volcaniclastics outcropping across the prospect. Previous historic drilling confirmed cherts, shales and felsic to intermediate volcaniclastic lithologies; however, the source of the magnetic anomaly was never identified. The stratigraphic sequence is northeast dipping and striking approximately to the northwest. The regionally significant Barwidgee Shear Zone is interpreted to strike just west of the prospect (parallel to stratigraphy), while multiple second-order, north-striking shears cross-cut stratigraphy, possibly offsetting the stratigraphic sequence. The recently completed RC drilling across Oblique has refined the Company’s interpretation of the local stratigraphy and identified the primary source of the magnetic anomaly across the prospect The linear magnetic anomaly across Oblique correlates with a 12-16m wide magnetite-chlorite (altered) unit variably intruded by a number of intermediate porphyry bodies. The protolith for this unit ASX Announcement 12th January 2024 Page 4 is unknown. A massive sulphide (pyrite dominant) unit, prevalent in historical drilling in the north of the prospect, is likely the same unit but altered by reduced fluids. The regolith across the prospect is interpreted to be a partially eroded in-situ regime with a thin veneer of transported colluvium in places. Weathering is deep across the prospect, with fresh rock only evident at vertical depths between 60m and 100m. Mineralisation The recently completed RC program has provided a more comprehensive test of mineralisation. Geological logging suggests higher-grade mineralisation is associated with quartz veining and sulphide alteration in combination with shearing and/or brecciation. Within oxidised to transitional intercepts, mineralisation shows abundant quartz veining with associated vuggy/box work textured, medium to coarse iron oxides, often seen with relict sulphides in transitional zones. Fresh rock intercepts typically display quartz veining with semi-massive pyrite as disseminations, blebs and laminations. At the prospect scale, mineralisation appears to be broadly controlled by northwest striking (striking 300° to 310°) and northeast dipping structures slightly oblique to stratigraphy (striking 320° to 330°). The intersection of this structural trend with stratigraphy would produce a moderate (45°) plunge towards the north. Section B in Figure 4 demonstrates the need to effectively drill through the target sequence across the Oblique Prospect with a majority of previous drilling ending in mineralisation due to difficult drilling conditions. YRLRC1177 provides a significant intercept of: o 24m @ 1.8g/t Au from 60m o 13m @ 1.7g/t Au from 86m (CYPFRC15) – Historic This result is directly along the strike of several partial intercepts (drilling ended in mineralisation), including: o o 12m @ 1.1 g/t Au from 84m (YRLRC1157) – ASX 25th October 2023 21m @ 0.96 g/t Au from 51m (YRLRC481)  Including 4m @ 1.9 g/t Au from 68m to EOH – ASX 9th March 2021 Current interpretations suggest the broad intercept in YRLRC1177 correlates with the interaction of an oblique northwest striking, northeast dipping mineralised structure with the magnetite-chlorite unit. This structure has been designated OBL01 (Figure 2). Previous drilling combined with the most recent results suggests this structure is mineralised over 300m of strike extent and open to the north. This represents a key insight from the 2023 RC drilling program that will drive the next round of exploration drilling across the Oblique Prospect. Significantly, the OBL01 structure, when projected along strike to the northwest and southeast, is critically un-tested, presenting new structural targets for future exploration beyond the Oblique Prospect. Section A in Figure 3 shows YRLRC1175, the deepest hole completed across the Oblique prospect with an intercept of 31m @ 0.4 g/t Au from 163m, confirming the presence of mineralisation at depth within fresh rock (noting that samples collected were wet with some volume loss). The same drill hole also returned a high-grade intercept in the hanging wall of: ASX Announcement 12th January 2024 Page 5 o 3m @ 11.4 g/t Au from 102m (YRLRC1175),  including 2m @ 16.9 g/t Au from 102m This result represents a parallel structure within the hanging wall of the main mineralised trend. Drilling to the south confirms the broader potential for additional mineralised structures to the south. These intercepts include (see Sections C and D in Figures 5 & 6): o o o 9m @ 1.9g/t Au from 63m (YRLRC1171), and 9m @ 1.0 g/t Au from 75m (YRLRC1168), and 13m @ 1.1g/t Au from 93m (YRLRC1169) These results suggest that additional oblique structures comparable to OBL01 may be present to the south and provide clear targets for follow-up drilling. In addition to this, historical drilling to the north presents a number of trends comparable to OBL01, see Figure 2. ASX Announcement 12th January 2024 Page 6 FIGURE 2: PLAN OF THE OBLIQUE PROSPECT SHOWING ALL COLLARS COLOUR-CODED BY MAX AU IN HOLE (G/T AU) AND ALL NEW DRILLING (NOT COLOUR-CODED). OVERLYING A COMPOSITE AERIAL MAGNETIC IMAGE OF REDUCED TO POLE (1VD, NON-LINEAR) AND REDUCED TO POLE (2VD, NON-LINEAR). INTERPRETED SURFACE PROJECTIONS OF THE MAGNETITE-CHLORITE ALTERED UNIT AND THE OBL01 STRUCTURE ARE ALSO PLOTTED AND LABELLED. ASX Announcement 12th January 2024 Page 7 FIGURE 3: OBLIQUE CROSS-SECTION A (SEE LONGITUDINAL SECTION FOR SECTION LOCATION), SHOWING RC DRILLING COMPLETED BY THE COMPANY IN NOVEMBER 2023 AND ASSAY RESULTS, WITH A PRELIMINARY INTERPRETATION OF MINERALISATION (RED POLYGONS). ASX Announcement 12th January 2024 Page 8 FIGURE 4: OBLIQUE CROSS-SECTION A (SEE LONGITUDINAL SECTION FOR SECTION LOCATION), SHOWING RC DRILLING COMPLETED BY THE COMPANY IN NOVEMBER 2023 AND ASSAY RESULTS, WITH A PRELIMINARY INTERPRETATION OF MINERALISATION (RED POLYGONS). ASX Announcement 12th January 2024 Page 9 FIGURE 5: OBLIQUE CROSS-SECTION A (SEE LONGITUDINAL SECTION FOR SECTION LOCATION), SHOWING RC DRILLING COMPLETED BY THE COMPANY IN NOVEMBER 2023 AND ASSAY RESULTS, WITH A PRELIMINARY INTERPRETATION OF MINERALISATION (RED POLYGONS). ASX Announcement 12th January 2024 Page 10 FIGURE 6: OBLIQUE CROSS-SECTION A (SEE LONGITUDINAL SECTION FOR SECTION LOCATION), SHOWING RC DRILLING COMPLETED BY THE COMPANY IN NOVEMBER 2023 AND ASSAY RESULTS, WITH A PRELIMINARY INTERPRETATION OF MINERALISATION (RED POLYGONS). ASX Announcement 12th January 2024 Page 11 Exploration Target The Exploration Target for the Oblique Prospect remains unchanged with these new results (See ASX release 25th of October 2023). Next Steps Results from this most recent drilling program justify further exploration with future programs to focus on identifying new and extending known mineralised structures, with a particular focus on where these structures interact with magnetite-rich stratigraphy. An initial diamond drilling program is scheduled for March/April 2024 to provide detailed information regarding the host stratigraphy, structures, intrusive types and the nature of the magnetite-rich unit across the Oblique Prospect. In addition to this, the Company will assess options for capturing more detailed aerial magnetics across the prospect to aid in geological interpretations and exploration targeting. Subject to further analysis of the results and logged geology, follow-up RC drilling will be designed to test the OBL01 structure and equivalent parallel structures along strike with a focus on completing additional drilling in the northern half of the Prospect and further delineating newly identified structures in the south. The aim of this work will be the projection of any newly identified structures into the magnetite-chlorite unit to delineate high-priority targets for future drilling. In addition to this, a broader projection of the interpreted OBL01 structure to the northwest and southeast also presents new exploration targets outside of the Oblique Prospect. Subject to further verification of the OBL01 structure in the next drilling program, the projected extensions will also be evaluated as exploration targets going forward (see Figure 2). ASX Announcement 12th January 2024 Page 12 ASX Announcement 12th January 2024 Page 13 FIGURE 7: SOUTH-WEST FACING, COMPOSITE LONGITUDINAL SECTION ACROSS THE OBLIQUE PROSPECT SHOWING ALL INTERCEPTS >0.3 G/T AU (MAXIMUM TOTAL LENGTH OF WASTE 4M, WITH NO MORE THAN 2M OF CONSECUTIVE WASTE INTERVALS). COLOURED BY INTERCEPT GRADE (AU PPM) AND SIZED BY INTERCEPT LENGTH (M). AT 2X VERTICAL EXAGGERATION. INTERCEPTS PLOTTED ARE HOSTED IN SEVERAL PARALLEL POSITIONS. LOOKING AHEAD The Company has a very active H1 CY 2024 planned and is well funded after a successful $4 million capital raise in November 2023, with priority exploration activities including; 1. Follow-up diamond drilling is scheduled for March/April across the Oblique Prospect; 2. The refinement of exploration targets for follow-up RC drilling across the 4.2km eastern granite margin of the New England Granite (NEG) Prospect is underway. This will be assisted through Exploration Incentive Scheme co-funding to support the completion of two deep (400m) diamond holes across the NEG prospect. Drilling is being scheduled for April. 3. Preparation for RC drill testing Quarter Moon (IWB Project) in H1 2024. 4. Finalisation of exploration targets and drilling strategy across the expanded Gordons Gold Project. 5. Awaiting orientation soil sampling results from Oblique. These results will be used to assess the viability of a broader soil sampling program across the Project for targeting lithium-bearing pegmatites. In addition to this, a review of the lithium-bearing pegmatite prospective for the Mt McClure and Gordons Project will be completed in Q1 CY 2024. Authorised by the board of Yandal Resources For further information, please contact: Tim Kennedy Managing Director Yandal Resources Limited yandal@yandalresources.com.au Greg Fitzgerald Company Secretary +61 8 9389 9021 yandal@yandalresources.com.au About Yandal Resources Limited ASX Announcement 12th January 2024 Page 14 Yandal Resources was listed on the ASX in December 2018 and has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia. Yandal Resources’ gold project locations. Yandal Resources Ltd - Mineral Resource Summary Deposit Ironstone Well Flushing Meadows1 Mt McClure Challenger2 Success3 Parmelia4 HMS Sulphur5 Gilmore6 Sub-total - MMC Gordons Gordons Dam7 Grand-total8 Tonnes (‘000s) 2,141 2,141 Indicated Grade (g/t) Au (oz) 1.3 91,000 1.3 91,000 Inferred Grade (g/t) Au (oz) 5,245 1.1 177,000 718 1,255 252 1010 134 3,369 1.9 1.9 2.1 1.2 1.7 1.7 365 8,979 1.7 1.3 Tonnes (‘000) Total Grade (g/t) Au (Oz) 7,386 1.1 268,000 44,000 75,000 17,000 39,000 7,200 182,200 718 1,255 252 1010 134 3,369 1.9 1.9 2.1 1.2 1.7 1.7 44,000 75,000 17,000 39,000 7,200 182,200 20,000 379,200 365 11,120 1.7 1.4 20,000 470,200 Tonnes (000’s) Due to the effects of rounding, totals may not represent the sum of the individual components. 1. Reported above 0.5g/t Au lower cut-off grade; refer to Yandal Resources Ltd ASX announcement dated 4 November 2020 for full details. 2. Reported above 1.0g/t Au lower cut-off grade; refer to Yandal Resources Ltd ASX announcement dated 22 August 2022 for full details 3. Reported above 1.0g/t Au lower cut-off grade; refer to Yandal Resources Ltd ASX announcement dated 6 September 2022 for full details.4. Reported above 1.0g/t Au lower cut-off grade; refer to Yandal Resources Ltd ASX announcement dated 20 September 2022 for full details 5. Reported above 0.5g/t Au lower cut-off grade within this announcement 6. Reported above 1.0g/t Au lower cut-off grade within this announcement 7. Reported above 1.0g/t Au lower cut-off grade; refer to Yandal Resources Ltd ASX announcement dated 6 April 2023 for full details 8. All Resources are reported as global estimates, not constrained by optimised pit shells. Competent Person Statement ASX Announcement 12th January 2024 Page 15 The information in this document related to Exploration Targets and Exploration Results, geology and data compilation is based on information reviewed or compiled by Mr Christopher Oorschot, a Competent Person who is a Member of The Australasian Institute Geoscientists. Mr Oorschot is the Exploration Manager and Technical Director for the Company, is a full-time employee and holds options in the Company. Mr Oorschot has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Oorschot consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. The information in this announcement that relates to the Flushing Meadows, Mt McClure and Gordons Dam Mineral Resource Estimates is based on information compiled and generated by Andrew Bewsher, an employee of BM Geological Services Pty Ltd (“BMGS”). Both Andrew Bewsher and BMGS hold shares in the company. BMGS consents to the inclusion, form and context of the relevant information herein as derived from the original resource reports. Mr Bewsher has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. YRL confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Forward Looking Statements This document may contain certain forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Yandal Resources Limited’s (Yandal’s) current expectations, estimates and projections about the industry in which Yandal operates, and beliefs and assumptions regarding Yandal’s future performance. When used in this document, words such as “anticipate”, “could”, “plan”, “estimate”, “expects”, “seeks”, “intends”, “may”, “potential”, “should”, and similar expressions are forward-looking statements. Although Yandal believes that its expectations reflected in these forwardlooking statements are reasonable, such statements are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Yandal and no assurance can be given that actual results will be consistent with these forward-looking statements. Drilling results presented indicate geological potential for mineralisation but there can be no certainty that these results will eventually form part of a Mineral Resource Estimate. ASX Announcement 12th January 2024 Page 16 Table 1 – Oblique - Summary of significant RC drilling assay results >0.3g/t Au with no more than 2m of continuous internal waste included unless otherwise stated. Prospect Hole Id Sample type / Sub Interval From (m) To (m) Interval (m) Au (g/t) Oblique YRLRC1164 RC 1m 43 44 1 0.6 Oblique YRLRC1165 RC 1m 72 73 1 0.6 Oblique YRLRC1166 RC 1m 114 117 3 0.4 Oblique YRLRC1166 RC 1m 126 127 1 0.4 Oblique YRLRC1167 RC 1m 15 16 1 0.5 Oblique YRLRC1168 RC 1m 75 84 9 1 Oblique YRLRC1168 RC 1m 87 88 1 0.5 Oblique YRLRC1168 RC 1m 91 97 6 0.8 Oblique YRLRC1168 RC 1m 102 106 4 0.4 Oblique YRLRC1168 Or 75 106 31 0.6 Oblique YRLRC1168 RC 1m 114 115 1 0.4 Oblique YRLRC1168 RC 1m 123 125 2 0.4 Oblique YRLRC1169 RC 1m 83 84 1 0.5 Oblique YRLRC1169 RC 1m 93 106 13 1.1 Oblique YRLRC1169 RC 1m 110 111 1 1.1 Oblique YRLRC1169 RC 1m 118 123 5 0.4 Oblique YRLRC1169 Or 93 123 30 0.6 Oblique YRLRC1169 RC 1m 135 136 1 0.4 Oblique YRLRC1169 RC 1m 164 165 1 0.4 Oblique YRLRC1170 RC 1m 145 146 1 0.4 Oblique YRLRC1170 RC 1m 169 171 2 0.8 Oblique YRLRC1170 RC 1m 208 210 2 0.6 Oblique YRLRC1171 RC 1m 63 72 9 1.9 Oblique YRLRC1171 Including 66 68 2 6.5 Oblique YRLRC1171 RC 1m 77 81 4 1.3 Oblique YRLRC1171 Or 63 81 18 1.3 Oblique YRLRC1171 RC 1m 109 110 1 0.3 Oblique YRLRC1172 RC 1m 54 55 1 0.4 Oblique YRLRC1172 RC 1m 92 93 1 1.3 Oblique YRLRC1172 RC 1m 105 107 2 0.4 Oblique YRLRC1172 RC 1m 112 118 6 0.5 Oblique YRLRC1173 RC 1m 6 10 4 0.4 Oblique YRLRC1173 RC 1m 15 17 2 0.8 Oblique YRLRC1173 RC 1m 21 24 3 0.9 Oblique YRLRC1173 RC 1m 29 37 8 0.4 Oblique YRLRC1173 RC 1m 57 58 1 0.6 Oblique YRLRC1173 RC 1m 115 116 1 0.5 Oblique YRLRC1173 RC 1m 141 146 5 0.5 Oblique YRLRC1174 RC 1m 98 103 5 0.8 Oblique YRLRC1175 RC 1m 102 105 3 11.4 Oblique YRLRC1175 Including 102 104 2 16.9 Oblique YRLRC1175 RC 1m 108 109 1 0.5 Oblique YRLRC1175 RC 1m 112 113 1 0.4 Oblique YRLRC1175 RC 1m 163 194 31 0.4 ASX Announcement 12th January 2024 Comment Using a > 0.1g/t Au Cut-off Using a > 0.1g/t Au Cut-off Using a > 0.1g/t Au Cut-off Note: Wet samples from 174m Page 17 Prospect Hole Id Sample type / Sub Interval From (m) To (m) Interval (m) Au (g/t) Oblique YRLRC1175 RC 1m 230 235 5 0.6 Oblique YRLRC1175 RC 1m 247 252 5 0.4 Oblique YRLRC1176 RC 1m 96 112 16 0.4 Oblique YRLRC1176 RC 1m 148 150 2 5.8 Oblique YRLRC1176 RC 1m 194 195 1 1.5 Oblique YRLRC1177 RC 1m 60 84 24 1.8 Oblique YRLRC1177 RC 1m 92 94 2 1.2 Oblique YRLRC1177 RC 1m 107 109 2 0.6 Oblique YRLRC1160 RC 1m 153 154 1 0.3 Oblique YRLRC1160 RC 1m 158 161 3 Oblique YRLRC1162 RC 1m Oblique YRLRC1163 RC 1m 111 118 7 0.7 Oblique YRLRC1163 RC 1m 155 156 1 0.7 Oblique YRLRC1163 RC 1m 173 174 1 0.5 Comment 0.9 NSA Table 2 –Oblique RC collar location summary for this release. Prospect Hole ID Hole type East (m) North (m) Azimuth (degrees ) Dip (degrees) Total Depth (m) Oblique YRLRC1164 RC 275340 7034504 220 -60 150 Oblique YRLRC1165 RC 275389 7034561 220 -60 150 Oblique YRLRC1166 RC 275434 7034626 220 -60 150 Oblique YRLRC1167 RC 274992 7034871 220 -60 72 Oblique YRLRC1168 RC 275042 7034934 220 -60 168 Oblique YRLRC1169 RC 275093 7034994 220 -60 270 Oblique YRLRC1170 RC 274958 7035067 220 -60 216 Oblique YRLRC1171 RC 274835 7035075 220 -60 126 Oblique YRLRC1172 RC 274863 7035108 220 -60 174 Oblique YRLRC1173 RC 274818 7035210 220 -60 186 Oblique YRLRC1174 RC 274791 7035179 220 -60 108 Oblique YRLRC1175 RC 274727 7035418 220 -60 264 Oblique YRLRC1176 RC 274775 7035310 220 -60 240 Oblique YRLRC1177 RC 274749 7035278 220 -60 132 Oblique YRLRC1160 (re-entry) RC 275129 7034874 220 -60 180 (from 138m) Oblique YRLRC1162 (re-entry) RC 274905 7035004 220 -60 132 (from 72m) Oblique YRLRC1163 (re-entry) RC 274931 7035035 220 -60 174 (from 108m) ASX Announcement 12th January 2024 Page 18 Appendix 2 – Ironstone Well-Barwidgee Gold Project JORC Code (2012) Table 1, Sections 1 and 2 Mr Christopher Oorschot, Exploration Manager of Yandal Resources, compiled the information in Section 1 and Section 2 of the following JORC Table 1 and is the Competent Person for those sections. The following Table and Sections are provided to ensure compliance with the JORC Code (2012 edition) requirements for the reporting of Exploration Results. Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. • • • • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. ASX Announcement 12th January 2024 • A total of 39 Reverse Circulation (RC) holes have been drilled across the Oblique Prospect for a total of 6,489m. 27 of these RC holes were completed by Yandal Resources for a total of 4,861m, while there are 13 historic RC holes for a total of 1,628m. There are four historic diamond holes completed across the Oblique Prospect, for a total of 717.9m. Drill holes vary in depth from 72m to 270m. Yandal Resources (YRL) RC Samples were collected via a rig-mounted static cone splitter, splitting approximately 12.5% of the total sample. Two splits are collected for each metre: a primary sample and a duplicate sample. The primary 1m samples are then sent to a lab for further analysis. While the duplicate samples are retained on-site unless submitted as a routine duplicate. For historical RC drilling, sampling practices by previous operators are assumed to be industry standard at that time. Sampling procedures would be comparable to those applied by Yandal Resources as per the above but with variations in the type of splitter used, etc. Historic core sampling procedures are unknown and are assumed to be industry standard at that time. Historic core samples have not been retained by the project and are unavailable for review. For YRL RC drilling, the cone splitter is regularly cleaned and inspected. The 1m bulk samples are laid out in drill order. These bulk samples are regularly inspected for contamination, and the volume of the bulk sample is monitored. These bulk samp