Albion’s Yandal West Deal and Drilling Plans Signal Exploration Risks Ahead

Albion Secures Strategic Gold Project Acquisition

Albion Resources Limited (ASX: ALB) has taken a significant step forward in its growth strategy with a binding agreement to acquire the Yandal West Gold Project from Great Western Exploration Limited (ASX: GTE). Spanning three contiguous tenements over 61 square kilometres in the prolific Yandal Greenstone Belt, this acquisition positions Albion to tap into a region renowned for multi-million-ounce gold deposits.

The deal, subject to shareholder approval and other conditions precedent, will see Albion obtain an 80% interest in two tenements and full ownership of a third. The Yandal Greenstone Belt is a well-established gold province hosting major operations such as Northern Star Resources’ Jundee and Bronzewing mines, underscoring the strategic value of this acquisition.

High-Grade Targets Highlighted for Immediate Exploration

Within the Yandal West Project, Albion has identified several compelling shallow, high-grade gold targets ripe for follow-up drilling. The Barwidgee Fault target stands out with historic drill results including 4 metres at 9.0 g/t gold and rock-chip assays up to 23.5 g/t. This largely untested structure extends over approximately 3 kilometres, offering potential for a significant mineralised system.

Similarly, the Ives Find area, a historic mining centre with past production averaging 11.4 g/t gold, has yielded impressive drill intercepts such as 7 metres at 7.4 g/t and 3 metres at 52.38 g/t. The geological setting here mirrors that of recent discoveries nearby, suggesting further upside potential.

The May Queen target also presents promising geology with previous drilling intersecting high-grade mineralisation, including 4 metres at 25.7 g/t gold. Albion plans to leverage comprehensive reviews of historical data and geochemistry to refine these targets ahead of drilling campaigns.

Broader Project Portfolio and Financial Position

Beyond Yandal West, Albion continues to advance exploration at its Mongers Lake Project in the Murchison Province, where detailed mapping and AI-driven prospectivity analyses are underway. The Leinster and Lennard Shelf projects remain on hold with no ground activities during the quarter, reflecting a focused approach on high-priority assets.

Financially, Albion bolstered its position by raising $2 million through a two-tranche placement, with $734,000 received in the quarter and the remainder subject to shareholder approval, which was subsequently granted. The company ended the quarter with a healthy cash balance of $3.06 million, providing a solid runway for upcoming exploration activities.

Looking Ahead

With heritage clearances completed and a clear plan to commence geochemical and geophysical surveys followed by drilling at Barwidgee Fault and other targets, Albion is poised to unlock value from the Yandal West acquisition. The company’s methodical approach to integrating historical data with modern exploration techniques could accelerate discovery potential in this underexplored corridor.