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Yandal Resources

Commenting on the capital raising, Yandal Resources’ Managing Director, Mr Tim Kennedy said: “We’re very pleased with the support received from the participants of this capital raising who are keen to see the Company have a solid funding runway to expand and further accelerate exploration activities at our key target areas. We are in the advanced planning stage of our forthcoming drilling program at Ironstone Well-Barwidgee in the Northern Yandal Belt which will include RC and diamond drill testing of key targets including Oblique, Quarter Moon and New England Granite.  Weather permitting, we expect to mobilise in early March and look forward to reporting progress as results come to hand.”

$2.5m Share Placement to Accelerate Exploration

Announcement summary