Yandal Resources Unveils Promising Siona and Caladan Gold Discoveries

Transformative Quarter at Ironstone Well-Barwidgee Project

Yandal Resources Ltd (ASX: YRL) has delivered a compelling December 2024 quarterly report, highlighting breakthrough exploration results at its Ironstone Well-Barwidgee Gold Project in Western Australia's northern Yandal Greenstone Belt. The company’s focused drilling campaign has yielded significant gold mineralisation at the Siona Prospect within the New England Granite target and promising early-stage results at the Caladan target, setting the stage for an active 2025 exploration program.

Siona Discovery: A New Gold Frontier

The Siona Prospect emerged as a standout discovery during the quarter, with reverse circulation (RC) drilling intercepting a broad zone of fresh rock mineralisation. Notably, hole 24IWBRC0039 returned 107 meters at 1.0 grams per tonne (g/t) gold from 96 meters to the end of the hole, with an estimated true width of 30 to 40 meters. Follow-up drilling confirmed mineralisation continuity over a strike length exceeding 450 meters, demonstrating both the scale and consistency of the system. These results validate the revised targeting model developed from diamond drilling data and underscore the prospect’s potential to evolve into a significant resource.

Caladan Target and the Emergence of Arrakis Prospect

Complementing the Siona success, air-core (AC) drilling at the Caladan target, located centrally within the project area, has identified a new prospect named Arrakis. Post-quarter results include an 11-meter intercept at 1.7 g/t gold to the end of hole in drill hole 24IWBAC063, with a high-grade 3-meter section at 3.5 g/t gold. These intercepts correlate with a 3-kilometer-long regolith geochemical anomaly, suggesting a primary mineralisation source beneath transported cover. The geological setting, marked by sheared and altered volcaniclastic units with disseminated sulphides, mirrors structural features seen in world-class gold camps, enhancing the prospect’s allure.

Robust Financial Position Fuels Exploration Momentum

Yandal Resources enters 2025 with a strong cash position of approximately $9.8 million, bolstered by $7.5 million raised through the exercise and underwriting of options during the quarter. This financial strength supports an aggressive exploration agenda, including a 4,000-meter RC drilling program targeting structural extensions around Siona and broader New England Granite targets, alongside scheduled diamond drilling to refine geological models. Follow-up RC drilling at Arrakis is also underway, with further air-core lines planned pending heritage clearances.

Strategic Outlook and Growth Potential

Beyond the immediate drilling programs, Yandal Resources continues to advance its portfolio across the Yandal and Norseman-Wiluna Greenstone Belts, including the Mt McClure and Gordons projects. The company’s strategy leverages both early-stage target generation and resource expansion opportunities, aiming to build on its existing 470,000-ounce gold resource base. The recent discoveries at Siona and Arrakis not only validate the company’s exploration methodology but also hint at the potential for large-scale mineralised systems within its tenure.

As drilling results from the Irulan target area are anticipated shortly, and with multiple programs underway, Yandal Resources is positioning itself for a pivotal year of exploration and resource definition.