International Mining and Resources Conference Presentation
Released
Released
Announcement PDF
DELIVERING GOLD
DISCOVERIES IN THE
YANDAL BELT
IMARC| 21 October 2025
ASX:YRL yandalresources.com.au
https://yandalresources.com.au/
Disclaimers
FORWARD LOOKING STATEMENT
This presentation has been prepared by Yandal Resources Ltd (“Yandal” or “YRL”). The information contained in this presentation is a
professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though YRL has
no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by YRL. This presentation is in
summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own
analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained.
This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation
in relation to the purchase or sale of YRL shares in any jurisdiction. This does not constitute investment advice and has been prepared without
taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations
in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek
professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk
of adverse or unanticipated market, financial or political developments.
To the fullest extent permitted by law, YRL, its officers, employees, related bodies corporate, agents and advisers do not make any
representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions,
estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this arising out of
negligence or otherwise is accepted.
Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and
contingencies, many of which are outside the control of, and may be unknown to YRL. In particular, they speak only as of the date of this
document, they assume the success of YRL’s strategies, and they are subject to significant regulatory, business, competitive and economic
uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-
looking statements are based. Recipients of this document are cautionead to not place undue reliance on such forward-looking statements.
COMPETENT PERSONS STATEMENT
The information in this document that relates to Exploration Results, geology and data compilation is
based on information reviewed or compiled by Mr Chris Oorshcot, a Competent Person who is a
Member of The Australasian Institute Geoscientists. Mr Oorschot is the Managing Director of the
Company, is a full-time employee and holds shares and 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 mineralization 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 announcements. 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 announcements.
IMPORTANT INFORMATION
ASX: YRL | YANDALRESOURCES. COM. AU
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WHAT IS YANDAL RESOURCES?
ASX: YRL | YANDALRESOURCES. COM. AU 3
A Gold Focused Exploration Company
Two strategically located projects in the Tier-1
Yandal Greenstone Belt of Western Australia
Historic mining centre with
demonstrated potential for
further Resource growth
182Koz Au @ 1.7g/t
Mineral Resource
Mt McClure Gold Project
All projects close to active processing facilities
Ironstone Well – Barwidgee
Gold Project
268Koz Au @ 1.1g/t Au
Mineral Resource
Two New Gold Discoveries in 11 Months
Arrakis & Siona
Yandal Belt
Greg Evans
Non-Executive Chair
BCom, DipApp Fin, GAICD
• +25yrs in investment banking in the mining and
resources sector
• Corporate and Financial Advisor to public
companies and large private business owners
across multiple sectors
Chris Oorschot
Managing Director & CEO
BSc (Hons 1st Class), MAIG, MSEG
• Exploration Geologist with +15yrs experience
predominantly in the Western Australian gold
sector
• Expertise in complex stratigraphic environments
and structurally controlled Archaean
mineralised systems
CAPITAL STRUCTURE BOARD & MANAGEMENT TEAM
CORPORATE SNAPSHOT
Share Price1
$0.365
Shares on Issue
355.9M
Options
39.2M
Market Cap1
~$130M
Cash2
~$16.1M
Enterprise Value
~$112M
4
19.5%
Regal Funds
15.9%
Gold Fields
9.9%
Ed Eshuys
8.1%
Hermit Holdings
45.5%
Other
1%
Board
80.5%
Top 20
Katina Law
Non-Executive Director
BCom, FCPA, MBA, GAICD
• +30yrs experience in the mining industry
covering corporate and site-based finance
roles across several continents
• Has held senior positions at Newmont Mining
Corporation’s head office in Denver, USA
Owen Casey
Geology Manager
BSc (Hons), MAIG
• Exploration geologist with + 14yrs experience
predominantly in the Western Australia gold
sector
• Strong background in WA gold exploration
and project development
Eduard Eshuys
Strategic & Technical Advisor
BSc, FAusIMM, FAICD
• Highly successful explorer and gold industry
executive
• Led teams in discovery of numerous gold
deposits including Plutonic, Jundee and
Bronzewing
1. Based on the closing share price of $0.36 at the close of trade on the 20th of October 2025
2. Approximately cash position as of 30th September 2025, plus funds from the October capital raise
70% Top 10
89% Top 50
• $0.11 unlisted options expiring in November –
circa A$2.6m in value
• Completion of the Gordons Gold Project
Tenement Sale Agreement for total
consideration of A$2.81m in cash and Horizon
Minerals Limited shares is expected shortly.
250 Kilometres
N
IRONSTONE WELL–BARWIDGEE
GOLD PROJECT
MOUNT McCLURE
GOLD PROJECT
WESTERN
AUSTRALIA
BUSINESS MODEL
YANDAL RESOURCES
Objective
Increase shareholder value through the discovery of
substantial gold Resources in areas with a low
threshold to development and/or clear monetisation
pathways
Strategy
Reduce geological risk by focusing on belts that have
demonstrated Tier-1 gold discovery potential
Increase the probability of success by applying a
rigorous, technical, and systematic approach in
under-explored areas
Reduce development risk by leveraging established
infrastructure (haul roads/milling capacity)
ASX: YRL | YANDALRESOURCES. COM. AU
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IRONSTONE WELL-BARWIDGEE PROJECT
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Exploration Strategy Focused on Progressing New
Large-scale Early-Stage Targets
Excellent Geological Setting
Fertile first and second-order structures
Area of 410km2 covering 53km of strike
Underexplored
Major structures poorly defined
Transported cover and complex regolith
Existing Mineral Resource
Flushing Meadows 268Koz - Located on granted mining lease
Potential Resource growth following recent discoveries
Strategic Location
Numerous producers within the region - Close to existing
processing facilities – Low jurisdictional risk in Western Australia
Caladan
Target Area
Irulan Dolerite
Complex
New England
Granite
Siona
Arrakis
Discovery
Flushing Meadows
(268Koz)
Oblique
Quarter
Moon
Salusa
GENUINE DISCOVERIES
IRONSTONE WELL & BARWIDGEE
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Strategy is Delivering Exploration Success
Siona Gold Discovery
Late October 2024
Hosted by the New England Granite
Arrakis Gold Discovery
September 2025
Hosted within the Caladan Fold
Early discovery phase
Granite host is largely
untested
Large-Scale Potential
Discovery Confirmed
Early stage with significant
scale potential
Advancing Discoveries & Exploration
Testing structural targets
across the intrusive host
Define the extent of the
mineralised system
Targeting Significant >1moz Discoveries
CALADAN TARGET AREA
ARRAKIS DISCOVERY
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Previously unrecognised large-scale structure
• Large-scale fold structure, 3km wide and >8km long
• Truncated by the Idaho Shear
• AC drilling confirmed a gravity high as a dolerite sequence
• Broad geological setting is similar to the Kalgoorlie district
• A rare, large-scale and untested structural setting within the
Eastern Goldfields
Large underexplored search space
• Structures only identified in 2024 after a ground gravity survey
• Previous aerial magnetics were not effective
• Covered by 2-20m of transported cover
• Deep weathering of the partially eroded residual profile
• Evidence of depletion in the upper and lower regolith profile
Flushing
Meadows
Deposit
(268koz)
Caladan Target Area:
large fold truncated by a
northwest striking structure.
Unlocking New Discovery Opportunities
AIR-CORE DEFINED THE TARGET
ARRAKIS DISCOVERY
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>2.2km MINERALISED TREND
Limited, ineffective previous drilling
• Only previous drilling completed in 1995, 400m by 400m
• Shallow, average depth of 22m
• Coherent, 3km long, low-level (>8ppb) upper-regolith anomaly
Effective air-core drilling defined the Arrakis trend
• 13,500m program completed in July
• Testing 6.4km extent of the Caladan target area
• Identified a mineralised trend over more than 2.2km
• Open along strike with evidence of parallel positions
• Associated with a 3.2km long regolith anomaly
• Broadly hosted within deformed and altered dolerite
Interpreted
Arrakis
Structure
11m @ 1.7g/t from to EOH
5m @ 0.7g/t Au
from 112m to EOH
22m @ 0.4 g/t Au
Incl. 7m @ 1.2 g/t Au
12m @ 1.1 g/t Au &
12m @ 0.5 g/t Au to EOH
11m @ 2.1g/t Au 25IWBRC0041
6m @ 1.1 g/t Au to EOH
25IWBRC0040
54m @ 1.2 g/t Au incl.
24m @ 2.1 g/t Au to EOH
25IWBRC0042
50m @ 1.3 g/t Au incl.
28m @ 1.9g/t Au
25IWBRC0043
16m @ 1.1 g/t Au
25IWBRC0046
To be extended
25IWBRC0044
To be extended
25IWBRC0045 - NSA
RC CONFIRMED THE DISCOVERY
ARRAKIS DISCOVERY
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Two Intercepts 400m Apart
Fresh rock test critical for early targets in the Yandal Belt
• 1,400m RC program completed,
• Testing below recent air-core intercepts across 2.2km
• Test mineralisation continuity into fresh
• Determine geometry for future programs
First RC results confirmed the discovery, among other things
• Sub-vertical geometry suggests 20-34m true widths
• Demonstrates a variable level of gold depletion within the
weathering profile
• Visual alteration associated with mineralisation
• Numerous adjacent regolith anomalies = Drill targets
• All within a more than 2.2km long trend delineated using 400m
to 800m AC line
PLENTY OF WORK AHEAD
ARRAKIS DISCOVERY
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Defining the Mineralised System
Early diamond drilling
• An initial 2,000m program, extending several RC holes and testing
below the recent RC intercepts
RC Drilling
• Complete 200m spaced lines across the currently defined 2.2km
Arrakis trend
• Understand how the mineralised structure behaves along strike
Air-core drilling
• Broader Arrakis trend is open along strike, particularly to the south
• 400m spaced AC lines to test for strike extension
• With several parallel trends of interest
Caladan
Fold
Interpreted Arrakis
Structure
25IWBRC0041
6m @ 1.1 g/t Au to EOH
25IWBRC0042
50m @ 1.3 g/t Au incl.
28m @ 1.9g/t Au
25IWBRC0043
16m @ 1.1 g/t Au
25IWBRC0040
54m @ 1.2 g/t Au incl.
24m @ 2.1 g/t Au to EOH
25IWBRC0046
To be extended
25IWBRC0044
To be extended
25IWBRC0045 - NSA
NEW ENGLAND GRANITE
GOLD DISCOVERY
Large-scale granitic host is largely untested
• 4.4 x 2km granitic intrusion under 6-30m of cover
• Extensive regolith anomaly associated with the intrusive margin
• Evidence of strong depletion within the regolith profile
Siona was a geology-driven discovery
• Sub-vertical mineralisation with 12-40m true width
• Mineralisation continuity confirmed over >450m of strike
• Proximal to the northwest offset of New England Granite
• Evidence of multiple mineralisation events
• Evidence of potential high-grade domains
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Hosts the Siona Gold Discovery BOCO
Transported
Cover
New England
Granite
Basalt
Section A NE
SW
Surface
BOT
35m @ 1.0 g/t Au
Incl. 7m @ 1.4 g/t Au
& 5m @ 2.5g/t Au
107m @ 1.0 g/t Au
Incl. 5m @ 3.2 g/t Au
& 33m @ 1.4 g/t Au
16.3m @ 0.5g/t Au
& 5.0m @ 0.6g/t Au
TARGETING SCALE
GOLD DISCOVERY
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Large-scale host interacting with multiple structures
• Processed ground gravity enhances structural
interpretations
• Siona Shear zone is one of several significant
structures interacting with the New England Granite
Drilling to focus on advancing new discoveries
• ~ 5.5km of eastern intrusive margin now tested
• The western margin will be accessible following
heritage surveys
• Salusa Prospect was defined after recent RC drilling
Shift to Air-core Drilling in 2025
New England
Granite
Siona
Salusa
NEG01
NEG02
NEG04
NEG03
Significant Discovery Potential
2025
Ground
Gravity
Flushing Meadows
Soil Anomaly
Flushing
Meadows
268koz MRE
Geidi Prime
Target
268koz Gold Resource
Mineralisation from the surface
• Unmined gold Mineral Resource on a granted mining lease,
• Predominantly oxide Resource strikes over 1.9km,
• 50km to Wiluna & 60km to Jundee,
• Limited exploration drilling to the east and south-east
• Limited drilling at depth
• Geological controls are poorly defined.
2024 Gravity and Soils Present Discovery Opportunities
• South Flushing Anomaly (See ASX 12 August 2024)
• Giedi Prime gravity target (see ASX 11 June 2024)
FLUSHING MEADOWS
Largest Mineral Resource
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77% oxide and transitional mineralisation
Only effective drilling (>20m end-of-hole depth) displayed.
NEXT STEPS
GEOLOGY DRIVEN DISCOVERY
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October November December January February March
Activity
Arrakis Diamond Drilling
Arrakis RC Drilling
Arrakis Heritage Survey
NEG AC Program
Caladan AC Drilling
NEG RC Program
Activity Results
Arrakis
• Diamond drilling underway
• RC drilling to commence in November
• Further AC drilling
New England Granite
• Air-core results anticipated soon.
Testing Large-Scale Targets
Corporate
• KPMG Corporate Finance to advise on
and manage the potential divestment of
the non-core Mt McClure Gold Project
• $0.11 unlisted options expiring in
November – circa $2.6m in value
• Completion of the Gordons Gold Project
Tenement Sale Agreement for total
consideration of A$2.81m in cash and
Horizon Minerals Limited shares is expected
shortly.
RC chip from 169-170m in 25IWBRC0042, see ASX release 24 September 2025
UNLOCKING GOLD DISCOVERIES
YANDAL RESOURCES HIGHLIGHTS
Arrakis Discovery in September 2025
Siona gold discovery within the New England Granite in
October 2024 – Just the start
Strategically located projects – Numerous processing
options within 100km
A technically driven, systematic approach to exploration
– Recent results demonstrate that YRL strategies are
effective and maturing
Strong cash position to progress exploration into 2026
ASX: YRL | YANDALRESOURCES. COM. AU 16
For further info
Contact Chris Oorschot
+61 (0)8 9389 9021
yandal@yandalresources.com.au
ASX:YRL yandalresources.com.au
Level 3, Suite 1, 1138 Hay St West Perth, WA, 6005
DELIVERING GOLD DISCOVERIES IN
THE YANDAL BELT
YANDAL RESOURCES LIMITED
ASX: YRL | YANDALRESOURCES. COM. AU
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Relevant Previous ASX Announcements
• Arrakis Gold Discovery Extended by 400m, 24 September 2025
• Arrakis Gold Discovery Confirmed With 54m @ 1.2g/t Au, 22 September 2025
• Arrakis RC Drilling Complete & All AC Results Now Received, 17 September 2025
• RC Drilling Commences Across Arrakis, 1 September 2025
• Arrakis Extended to Over 2.2km in Strike, 18 August 2025
• Caladan AC Results Further Extend Arrakis Mineralisation, 31 July 2025
• Caladan AC Results Show Early Signs of Scale, 10 July 2025
• Caladan Air-Core Drilling Program Commences, 5 June 2025
• Siona Diamond Drilling Results, 21 May 2025
• Arrakis RC Drilling Results, 30 April 2025
• New Prospect Defined at New England Granite, 15 April 2025
• Ironstone Well-Barwidgee Exploration Update, 25 February 2025
• Caladan Air-core Drilling Demonstrates Discovery Potential, 15 January 2025
• Siona Results & RC Drilling Commences for 2025, 13 January 2025
Further details relating to the information provided in this Presentation can be found in the following Yandal Resources Limited ASX announcements:
• High-Grade Gold at Siona, 11 December 2024
• Further RC Drilling Results From Siona, 25 November 2024
• RC drilling returns 78m @1.2g/t from New England Granite, 21 October 2024
• New England Granite Diamond Drilling Results, 24 September 2024
• IWB Soil Results & NEG Diamond Drilling Complete, 12 August 2024
• Gold Coast Investment Showcase Presentation, 20 June 2024
• Air-core Drilling Commences Across Caladan and Irulan, 10 October 2024
• Oblique Diamond Drilling Results, 3 September 2024
• IWB Soil Results and NEG Diamond Drilling Complete, 12 August 2024
• Large-scale Gold Anomalies Across Emerging Targets, 15 July 2024
• Gold Coast Investment Showcase Presentation, 20 June 2024
• Exploration Update – IWB Ground Gravity Survey, 11 June 2024
• Drilling at Oblique Confirms Large Scale Potential, 25 October 2023
• Heritage Clearance Received for Drill Testing of Key Prospects at Ironstone
Well-Barwidgee, 24 July 2023
YANDAL RESOURCES LIMITED
ASX: YRL | YANDALRESOURCES. COM. AU
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MINERAL RESOURCE SUMMARY
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; refer to Yandal
Resources Ltd ASX announcement dated 3 October 2022 for full details. 6- Reported above 1.0g/t Au lower cut-off grade; refer to Yandal Resources
Ltd ASX announcement dated 3 October 2022 for full details. 7- Reported above 1.0g/t Au lower cut-off grade; refer to Yandal Resources Ltd ASX
announcement dated 3 October 2022 for full details. 8- All Resources are reported as global estimates, not constrained by optimised pit shells.
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