Albion Identifies Seven Key Geophysical Targets, Holds $4M Cash for Yandal West Push

Albion Advances Yandal West Exploration

Albion Resources Limited (ASX: ALB) has reported a productive March quarter, marked by the completion of its acquisition of the Yandal West Project in Western Australia and promising early exploration results. The project, strategically located within the prolific Yandal Greenstone Belt, now forms the cornerstone of Albion’s exploration ambitions, with the company holding an 80% interest in two key tenements and 100% in a third.

The Yandal Greenstone Belt is renowned for hosting multi-million-ounce gold deposits, including Northern Star Resources’ Jundee and Bronzewing mines. Albion’s entry into this region signals a focused push to uncover significant gold mineralisation, leveraging modern geophysical techniques and a clear drill strategy.

Geophysical Surveys Highlight Seven Priority Targets

During the quarter, Albion completed a Gradient Array Induced Polarisation (GAIP) survey at the Ives Find prospect, revealing seven high-priority geophysical anomalies. These targets, characterized by coincident resistivity and chargeability anomalies, suggest zones of quartz veining and sulphide mineralisation typically associated with gold deposits in the region.

Notably, the resistivity anomalies extend over a 2.5 km northwest trend and remain open-ended, indicating potential for further mineralised extensions. The chargeability anomalies align closely with historical rock assays, including a standout rock chip sample from the Bell Miner workings that returned an exceptional 114.4 g/t gold alongside significant silver and base metals. This high-grade assay underscores the prospectivity of the targets and validates the geophysical data guiding drill planning.

Corporate Strength and Leadership Refresh

Albion’s corporate developments complement its exploration progress. The company appointed Peter Goh as CEO in March 2025, bringing extensive resources sector experience and a track record in project evaluation. Additionally, Chris Tuckwell joined the board, adding over four decades of mining and operational expertise. These leadership changes aim to accelerate Albion’s transition into a results-driven explorer.

Financially, Albion maintains a solid position with approximately $4 million in cash at quarter-end, bolstered by a recent $1.26 million share placement. This capital base provides the necessary runway to execute its planned exploration programs, including the imminent mid-year drilling campaign.

Looking Ahead: Drilling and Community Engagement

Albion is preparing for a maiden drill campaign targeting the identified anomalies at Ives Find, with initial aircore drilling to be followed by reverse circulation methods. The company is also committed to working closely with the Kultju Traditional Owners, conducting heritage surveys to ensure exploration respects cultural and environmental values.

Additional geophysical results from ongoing Dipole-Dipole IP surveys and soil sampling assays are expected shortly, which will further refine drill targets. Albion’s refreshed branding and communications strategy will also be launched to reflect its growing momentum and strategic focus.

Broader Project Portfolio Remains on Hold

While Yandal West commands the spotlight, Albion’s other projects, Mongers Lake, Leinster, and Lennard Shelf, saw no ground activities during the quarter. These assets remain prospective but will likely await further capital and strategic prioritisation following the Yandal West developments.