Announcement PDF ASX Announcement 1 November 2024 Expiry of Options and Issue of Shortfall Shares to Underwriter Yandal Resources Limited (“Yandal” or the “Company”) advises the following information relating to the unlisted Yandal options with an exercise price of $0.24 that expired yesterday. $0.24 Options on Issue Prior to Expiry Number Exercised Lapsed Options 22,854,535 14,542,775 8,311,760 Underwriting of Options Pursuant to the Underwriting Agreement between Yandal and Blackpeak Capital Pty Ltd (see ASX release dated 30 October 2024), the number of Shortfall Shares to be issued to the Underwriter is 8,311,760 at an issue price of $0.24 each. Any Shares to be issued to the Underwriter pursuant to the Underwriting Agreement are expected to be issued in accordance with ASX Listing Rule 7.2 (exception 10); therefore, shareholder approval is not required. Indicative Timetable EVENT DATE (ALL TIMES ARE AWST) Notification of Shortfall Shares (Shortfall Notice) 11.30am Friday, 1 November 2024 Sub-underwriters notified of their shortfall commitment Friday, 1 November 2024 Sub-underwriters confirm shortfall commitment (Sub-underwriter Confirmation Date) 5.00pm, Monday, 4 November 2024 Contact Us A: Level 1 Unit 5/62 Ord Street, West Perth WA 6005 T: +61 (0)8 9389 9021 E: yandal@yandalresources.com.au yandalresources.com.au | ASX:YRL Board and Management Chris Oorschot Managing Director/CEO Greg Evans Non-Exec Chairman Katina Law Non-Exec Director Tim Kennedy Non-Exec Director Greg Fitzgerald Company Secretary Underwriter subscribes for Shortfall Shares (Subscription Date) Friday, 8 November 2024 Issue of Shortfall Shares (Issue Date) Anticipated quotation of Shortfall Shares Monday, 11 November 2024 * The above timetable is indicative only and may be subject to change. An Appendix 3B with details of the shares to be issued to those option holders who have exercised their options and to the Underwriter is to be lodged with ASX shortly. Commenting on the expiry of options, Yandal Resources’ Managing Director, Mr. Chris Oorschot, said: “We are very pleased with the support received from our option holders and the Underwriter. This provides us with the requisite capital to enable us to aggressively pursue further exploration at our Siona discovery and to follow up on both the Caladan and Irulan prospects together with our ongoing programs across our other prospects.” For further information or to ask questions in relation to this announcement, please visit our Investor Hub at https://investorhub.yandalresources.com.au/link/7eXk4y Authorised by the board of Yandal Resources For further information, please contact: Chris Oorschot Managing Director Yandal Resources Limited yandal@yandalresources.com.au yandalresources.com.au | ASX:YRL Greg Fitzgerald Company Secretary +61 8 9389 9021 yandal@yandalresources.com.au 2 About Yandal Resources Limited Yandal Resources 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. yandalresources.com.au | ASX:YRL 3