RIU Explorers Conference Presentation
Released
Released
Announcement PDF
2026 RIU Explorers
Conference
Fremantle| 19th February 2026
ASX:YRL yandalresources.com.au
Visit our InvestorHub at:
https://investorhub.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 and Mt McClure 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
2
Yandal Well Positioned in Early 2026
YANDAL RESOURCES HIGHLIGHTS
Second new gold discovery within 11 months achieved at Arrakis, following Siona in 2024
Discovery outcomes generated through systematic & geologically driven exploration strategy
Clear pathway to advance discoveries, and generate resource growth
Investment in site infrastructure to support 2026 exploration – 21 person exploration camp acquired, with
installation underway
Strong cash position of $17.3m at December 31st 2025 – Funded for 2026
Acceleration of activities in 2026
Current resource inventory of 450koz Au - Flushing Meadows (268koz) & Mt McClure (182koz) on granted ML’s
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
$0.22
Shares on Issue
379.5M
Options
18.7M
Market Cap1
$87.6
Cash2 Dec. 31
$17.3M
4
19.5%
Regal Funds
15.9%
Gold Fields
9.9%
Ed Eshuys
8.1%
Hermit Holdings
40%
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 $0.22 at the close of trade on the 18th of February 2026
2. Cash position as of 31st December 2025, see ASX release 29th January 2026
~70% Top 10
~89% Top 50
Chris Newman
Non-Executive Director
BSc Hons, FAusIMM, MAIG
• +35yrs experience in exploration, mining
operations, resource development, and
corporate mergers and acquisitions.
• Credited with multiple discoveries across
Australia, Turkey and Canada & led numerous
teams to bring new projects into full-scale
production.
EV
~$70.3
5.1%
Caroline House
250 Kilometres
N
IRONSTONE WELL–BARWIDGEE
GOLD PROJECT
MOUNT McCLURE
GOLD PROJECT
WESTERN
AUSTRALIA
WHY YANDAL RESOURCES NOW?
ASX: YRL | YANDALRESOURCES. COM. AU 5
Two genuine new gold discoveries in 11 months
(Arrakis and Siona) – the strategy is working and
maturing
Targeting >1Moz discoveries with clear potential for
Mineral Resource growth in 2026
Cash position of $17.3m at December 31– Fully funded
for CY26
Tightly held Register and multiple near-term catalysts
(Aggressive 2026 drilling program to commence in
March and build on 2025 success)
WHAT IS YANDAL RESOURCES?
ASX: YRL | YANDALRESOURCES. COM. AU 6
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
Mt McClure
182Koz Au @ 1.7g/t
Mineral Resource
Mt McClure Gold Project
All projects close to active processing facilities
Ironstone Well – Barwidgee
Gold Project
Flushing Meadow
268Koz Au @ 1.1g/t Au
Mineral Resource
Two New Gold Discoveries in 11 Months
Arrakis & Siona
Yandal Belt
Caladan
Target Area
Irulan Dolerite
Complex
New England
Granite
Siona
Arrakis
Discovery
Flushing Meadows
(268Koz)
Oblique
Quarter
Moon
Salusa
Excellent Geological Setting
Ideal geology and structures
Area of 410km2 covering 53km of strike
IRONSTONE WELL-BARWIDGEE PROJECT
ASX: YRL | YANDALRESOURCES. COM. AU 7
Exploration Strategy and Early Success Focused on
Progressing New Large-scale Early-Stage Targets
Underexplored – New Regional Datasets Acquired
Broader geological setting poorly understood historically
Transported cover and complex regolith
Existing Mineral Resource
Flushing Meadows 268Koz - Located on a granted mining lease
Looking to apply technical insights from recent discoveries
Yandal’s Exploration Strategy is Unlocking Value
Maturing strategy developed from project knowledge is
generating exploration success and unlocking regional potential
Focussed 2026 Strategy
Arrakis Prospect
Define high-value mineralisation and structural
controls – define extents of mineralisation
Flushing Meadows Deposit
Assess fresh rock mineralisation potential,
refine the geological model & explore for
parallel mineralisation
New England Granite Target Area
Test granitoid margin structural targets,
assess continuity of Salusa high-grade gold,
define high-value mineralisation at Siona
+ Target Generation
Acquisition of large-scale datasets
TWO NEW DISCOVERIES IN 11 MONTHS
IRONSTONE WELL & BARWIDGEE
ASX: YRL | YANDALRESOURCES. COM. AU 8
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 FOLD TARGET AREA
ARRAKIS DISCOVERY
9
ASX: YRL | YANDALRESOURCES. COM. AU
Previously unrecognised large-scale structure
• Large-scale fold structure, 3km wide >8km long, truncated by the Idaho Shear
Large underexplored search space
• Structures only identified in 2024 after a ground gravity survey
Air-core drilling defined Arrakis
• Extensive >2.2km trend
RC drilling in fresh rock confirmed the discovery in August 2025
• 54m @ 1.2g/t Au from 108m to EOH in 25IWBRC0040, including
24m @ 2.1g/t Au from 138m to EOH. This interval further includes:
8m @ 4.7g/t Au from 154m to EOH.
• 50m @ 1.3g/t Au from 122m in 25IWBRC0042, including
28m @ 1.9g/t Au from 143m. This interval further includes:
9m @ 2.1g/t Au from 145m, and
7m @ 2.7g/t Au from 164m.
Flushing
Meadows
Deposit
(268koz)
Caladan Target Area:
large fold truncated by a
northwest striking structure.
Unlocking The Arrakis Gold Discovery
Setting Identified in Early 2024
See ASX releases 22nd September 2025 and 24th September 2025
Arrakis
ARRAKIS DISCOVERY
10
ASX: YRL | YANDALRESOURCES. COM. AU
Defining the Mineralised System
2025 Air-core drilling
• Multiple parallel air-core trends defined
2025 Maiden diamond drilling
• Confirmed potential for high-grade mineralisation at depth
• Refined the geological model
2025 RC drilling defined a 1.2km primary mineralised structure
• Both broad style lower-grade mineralisation and narrower
high-grade mineralisation
• Potentially open to the southeast
• Early evidence of mineralisation continuity both along strike
and down dip with targeted close-spaced drilling
Caladan
Fold
Arrakis
Air-core
Trend
25IWBRC0041D
37m @ 0.6 g/t Au incl.
6.5m @ 1.5g/t Au
25IWBRC0042
50m @ 1.3 g/t Au incl.
28m @ 1.9g/t Au
25IWDD0011
17.7m @ 1.4g/t Au
incl. 7.95m @ 2.5g/t Au
25IWBRC0043
16m @ 1.1 g/t Au
1000m
25IWBRC0056
18m @ 1.6g/t Au from 45m
Incl. 9m @ 2.9g/t Au Incl.
3m @ 6.9g/t Au
1.2km Surface
Projection of
Arrakis Structure
Parallel
Air-core
Trend
25IWBAC096
9m @ 1.2 g/t Au
OWRB33 (hist.)
8m @ 0.4 g/t Au
25IWBRC0040D
56.50m @ 1.3 g/t Au incl.
14.75m @ 3.3 g/t Au
OWRB34 (hist.)
28m @ 0.2 g/t Au
See ASX release 12th February 2026
Arrakis
ARRAKIS DISCOVERY
11
ASX: YRL | YANDALRESOURCES. COM. AU
Defining the Mineralised System
Objectives for 2026
• Step out drilling to the southeast – How big is the system?
• Targeted closer-spaced RC and diamond drilling to define high-
grade trends and geological controls
• Targeted deeper diamond drilling to evaluate continuity at depth
Drilling to commence in March
• Start with RC drilling step out to the southeast
• With diamond drilling to commence shortly thereafter
• RC testing of several parallel air-core anomalies is also scheduled in
the June Quarter
See ASX release 8th December 2025
TARGETING SCALE NEG
GOLD DISCOVERY
ASX: YRL | YANDALRESOURCES. COM. AU 12
Large-scale host interacting with multiple structures
• The Siona gold discovery confirmed the large intrusive complex
as a host for mineralised systems
• Siona Shear zone is one of several significant structures
interacting with the New England Granite
Drilling to focus on advancing new discoveries
• 2025 AC program delivered a new high-grade Salusa target
6m @ 6.3g/t Au from 36m incl. 2m @ 18.1g/t Au
• 2026 AC to focus on the western margin once heritage
clearance is received
• Small program to assess high-grade oxide mineralisation at Siona
17m @ 4.9g/t Au from 85m in 24IWBRC0050
14m @ 1.8g/t Au from 63m in 25IWBRC0044
New England
Granite
Siona
Salusa
NEG01
NEG02
NEG04
NEG03
Significant Discovery Potential
2km
See ASX releases 19th January 2026, 21st October 2024, and 11 December 2024
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 drilling at depth, fresh rock not systematically tested
• Geological controls are poorly defined
Significant Scale
• Extensive underexplored mineralised system
• Clear exploration opportunity within fresh rock below the
current MRE
• No effective testing to the east and southeast
FLUSHING MEADOWS
Largest Mineral Resource
13
ASX: YRL | YANDALRESOURCES. COM. AU
77% oxide and transitional mineralisation
Only effective drilling (>20m end-of-hole depth) displayed.
Refocus Exploration
Framework diamond program
• Scheduling heritage surveys for the March Quarter
• Diamond drilling program to follow that aims to:
> Assess fresh rock mineralisation potential
> Develop a geological model for the deposit
Broader AC Program
• The area between Geidi Prime and Flushing Meadows is
poorly tested
• Broad-scale air-core program is being scheduled for mid-
2026
• Builds on geological learning from the Siona and Arrakis
gold discoveries in 2024 and 2025 respectively
FLUSHING MEADOWS
Largest Mineral Resource
14
ASX: YRL | YANDALRESOURCES. COM. AU
See ASX releases 1 April 2019, 11 December 2019, and 23 June 2020
Mt McClure - GROWTH AND DISCOVERY
Mineral Resource
15
ASX: YRL | YANDALRESOURCES. COM. AU
182koz Gold Resource
>12km Long Mineralised System on Granted Mining Leases
• Located adjacent to Northern Star’s (ASX: NST) Orelia mining operation and 15km
from the Bronzewing processing plant on care and maintenance
Current Mineral Resources of 182,200oz Au @ 1.7g/t Au
• Remnant Resources below historic open pits
> Steep south plunging high-grade mineralisation is untested at depth
• HMS Sulphur provides proof of concept
> Shallow discovery potential with parallel structures
> Equivalent horizon untested across more than 10km of strike
Ample Room for Further Resource Growth
• Higher grade south plunging shoots below historic open pits
• Parallel mineralisation is shallow and easily tested
NEXT STEPS
GEOLOGY DRIVEN DISCOVERY
ASX: YRL | YANDALRESOURCES. COM. AU 16
February March April May June July
Activity
Camp Establishment
Flushing M. Heritage Survey
Arrakis RC & DD
Flushing Meadows DD
NEG - RC
NEG AC Drilling
Geidi Prime AC
EIS DD Drilling
Activity Results
Arrakis
• RC drilling to commence in March
• Diamond drilling to commence in March
New England Granite
• Follow-up RC program in the June Quarter
• Air-core on the west side of NEG once
heritage clearance is received
Testing Large-Scale Targets
Flushing Meadows
• Heritage surveys scheduled for the March
quarter
• Framework diamond drilling program to
commence once heritage clearance is
received
Operational
• New exploration camp commissioning
• Expanded field team to support 2026
exploration programs
RC chip from 169-170m in 25IWBRC0042, see ASX release 24 September 2025
INVESTMENT SUMMARY
YANDAL RESOURCES HIGHLIGHTS
Two New Discoveries in 11 Months
Strong cash position to progress exploration through CY26
Expanded team and site infrastructure, directed at large-
scale gold targets
Strategically located projects in a tier 1 jurisdiction –
Numerous processing options within 100km
Tight register & strategic shareholders (Regal, Goldfields,
Ed Eshuys)
Strong and supportive working relationship with Traditional
Owners
ASX: YRL | YANDALRESOURCES. COM. AU 17
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
19
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 within this announcement 6. Reported above 1.0g/t Au lower
cut-off grade within this announcement. 7. All Resources are reported as global estimates, not constrained by optimised pit shells.
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