Announcement PDF 2025 AGM Presentation Investor Update | 25th November 2025 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 KEY OUTCOMES YANDAL RESOURCES HIGHLIGHTS Second New Gold Discovery Within 11 Months Achieved at Arrakis, Following Siona in Oct 2024 Discovery Outcomes Generated Through Systematic & Geologically Driven Exploration Strategy Results Have Improved Understanding of the Geological Potential within the Broader Yandal Greenstone Belt Divestment of the Gordons Gold Project Process Allows Focus on Larger-Scale Exploration Opportunities Well-supported Capital Raising/Exercise of Options Provides Funding Runway and Endorsement of Strategy Current Resource Inventory of 450koz Au - Flushing Meadow (268koz) & Mt McClure (182koz) on Granted MLs Strong Foundations in Place for 2026 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 $0.24 Shares on Issue 379.5M Options 15.6M Market Cap1 ~$91 Cash2 Sept. 30 $2.3M 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 $0.31 at the close of trade on the 24 of November 2025 2. Approximate cash position as of 30th September 2025 3. Funds from the October capital raise, 11c option exercise and Gordons TSA completion, excluding any share consideration 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. Cash Raised3 ~$16.13 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 Cash increased by ~$16m, Excluding HRZ shares since September 30 – Fully funded into CY26 Tightly held Register and multiple near-term catalysts (drilling results Q4 CY25 and continuing into 2026) 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 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  Target and prioritise >1Moz discovery opportunities 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 7 IRONSTONE WELL-BARWIDGEE PROJECT ASX: YRL | YANDALRESOURCES. COM. AU 8 Exploration Strategy and Early Success Focused on Progressing New Large-scale Early-Stage Targets Excellent Geological Setting Ideal geology and structures Area of 410km2 covering 53km of strike Underexplored – New Regional Datasets Acquired Broader geological setting poorly understood historically Transported cover and complex regolith Existing Mineral Resource Flushing Meadows 268Koz - Located on granted mining lease Potential Resource growth following recent discoveries Yandal’s Exploration Strategy is Unlocking Value Maturing strategy and growing project knowledge is generating exploration success and unlocking regional potential Caladan Target Area Irulan Dolerite Complex New England Granite Siona Arrakis Discovery Flushing Meadows (268Koz) Oblique Quarter Moon Salusa TWO NEW DISCOVERIES IN 11 MONTHS IRONSTONE WELL & BARWIDGEE ASX: YRL | YANDALRESOURCES. COM. AU 9 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 10 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 • >2.2km mineralised trend RC drilling in fresh rock confirmed the discovery • 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 New Arrakis Gold Discovery Setting Identified in Early 2024 PLENTY OF OPPORTUNITY REMAINS ARRAKIS DISCOVERY 11 ASX: YRL | YANDALRESOURCES. COM. AU Defining the Mineralised System Early diamond drilling is Complete • An initial 2,000m program, extending several RC holes and testing below the recent RC intercepts • Diamond drilling combined with previous RC confirms host across more than 2.2km and open towards the southeast RC Drilling is Underway • 200m spaced lines across the currently defined 2.2km Arrakis trend are underway • Understand how the mineralised structure behaves along strike Air-core drilling is Complete • Broader Arrakis trend is open along strike, particularly to the south • Three 400m spaced AC lines to test for strike extension By Early 2026 – Understand the Scale of the Mineralised System Caladan Fold Interpreted Arrakis 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 25IWBRC0040D 56.50m @ 1.3 g/t Au incl. 14.75m @ 3.3 g/t Au 25IWBRC0046D Assays Pending 25IWBDD0013 Assays Pending 25IWRC0044D Assays Pending 25IWRC0036D Assays Pending 25IWDD0012 Assays Pending 25IWDD0011 Assays Pending 25IWBRC0043 16m @ 1.1 g/t Au 1000m Recent AC Drilling Area NEW ENGLAND GRANITE (NEG) 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 • Deformed granitic contact • 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 12 ASX: YRL | YANDALRESOURCES. COM. AU 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 NEG GOLD DISCOVERY ASX: YRL | YANDALRESOURCES. COM. AU 13 Large-scale host interacting with multiple structures • Discovery confirms 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 • ~5.5km of eastern intrusive margin now tested • ~5.5km of the western margin yet to be effectively tested • The western margin will be accessible following heritage surveys • Salusa Prospect was defined after recent RC drilling AC Program Partially Complete New England Granite Siona Salusa NEG01 NEG02 NEG04 NEG03 Significant Discovery Potential 2025 Ground Gravity 2km 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 14 ASX: YRL | YANDALRESOURCES. COM. AU 77% oxide and transitional mineralisation Only effective drilling (>20m end-of-hole depth) displayed. 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 November December January February March April >>> May-June >>> May-June Activity Arrakis Diamond Drilling Arrakis RC Drilling Arrakis Heritage Survey NEG AC Program Caladan AC Drilling NEG RC Program Flushing M. Heritage Survey Flushing Meadows RC/DD Activity Results Arrakis • Diamond drilling complete • AC drilling southeast of Arrakis is complete • RC drilling underway New England Granite • Air-core results anticipated soon Testing Large-Scale Targets Operational • Upscaled site infrastructure to support exploration in 2026 • 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 into CY26 Expanding personnel and supporting exploration infrastructure, directed at large-scale targets Strategically located projects – 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 Relevant Previous ASX Announcements • First Arrakis Diamond Results & RC Drilling Underway, 24 November 2025 • Gordons Tenement Sale Complete, 11 November 2025 • 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 Further details relating to the information provided in this Presentation can be found in the following Yandal Resources Limited ASX announcements: • Caladan Air-core Drilling Demonstrates Discovery Potential, 15 January 2025 • Siona Results & RC Drilling Commences for 2025, 13 January 2025 • 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 YANDAL RESOURCES LIMITED ASX: YRL | YANDALRESOURCES. COM. AU 20 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.