Yandal Resources Ltd is pleased to announce that it has executed a binding Tenement Sale Agreement (“TSA”) with Horizon Minerals Limited for the sale of a 100% interest in the Gordons Gold Project. Total consideration payable to Yandal by Horizon under the Agreement is A$2.81mon the following terms:

o A$0.2m refundable cash deposit on execution of the TSA (paid)

o A$1.0m cash (cash payment) on completion, and,

o A$1.610m in fully paid ordinary Horizon shares (“Consideration Shares”) on completion. The Consideration Shares are not subject to any escrow restrictions. Horizon may, however, at its sole election at completion, pay the A$1.610m in cash in lieu of the Consideration Shares.

The TSA is subject to customary closing conditions, including the parties obtaining all necessary regulatory and third party approvals, with completion of the transaction expected in the current September Quarter 2025. The sale is part of Yandal’s previously announced strategy (see ASX release 15 April 2025) to divest its non-core assets to focus on and prioritise exploration opportunities within the Ironstone Well-Barwidgee Gold Project.