Gordons Tenement Sale Complete
Latest announcements
Announcement summary
Gordons Tenement Sale Complete
Yandal Resources Ltd is pleased to announce the completion of the Tenement Sale Agreement with Horizon Minerals Limited for the Gordons Gold Project. The Agreement has brought in a total combined consideration of $2.81m, consisting of cash and shares. Additionally, the Company has seen a boost in its cash balance post-quarter-end, standing at approximately $18.0m, following a successful capital raising and the exercise of unlisted options.
With a strong financial position, Yandal Resources is well-equipped to drive forward its extensive exploration program into 2026. The sale of the Gordons Gold Project has contributed to an expanded Mineral Resources portfolio for the Company, now totaling 10.8Mt @ 1.3g/t Au across its projects.
Investors are encouraged to visit our Investor Hub for further information and to engage with us. Feel free to reach out with any questions or inquiries. Contact details can be found on our website. The Company remains committed to aggressively pursuing exploration opportunities within the richly endowed Yandal Greenstone Belt.
AI-Generated Summary: This content may contain inaccuracies. Neither the Company nor InvestorHub assumes responsibility for its accuracy. Please refer to the full announcement before making any investment decision.
Ask a question
Your question will be visible to everyone.
Investor Q&As
Start the conversation
Ask Yandal a question about this announcement.