Yandal Raises $18M Cash, Sells Gordons Gold Project for $2.8M
Yandal Resources has completed the sale of its Gordons Gold Project, receiving $2.81 million in combined cash and shares, and significantly strengthened its cash position to approximately $18 million post-quarter. This financial boost positions the company to accelerate exploration activities in 2026.
- Gordons Gold Project sold to Horizon Minerals for $2.81 million
- Raised $1.9 million from exercising unlisted options
- Completed $13.5 million placement in October
- Cash balance increased to ~$18 million post-quarter
- Combined Mineral Resources now total 10.8Mt at 1.3g/t Au for 450koz
Strategic Asset Sale Completed
Yandal Resources has officially completed the sale of its Gordons Gold Project tenement to Horizon Minerals, a transaction first announced in August 2025. The deal brought in a total consideration of A$2.81 million, comprising A$1.2 million in cash and A$1.61 million in Horizon shares. This divestment marks a significant step in Yandal’s portfolio management, allowing the company to sharpen its focus on other promising exploration targets.
Robust Capital Raising Strengthens Balance Sheet
Alongside the Gordons sale, Yandal has successfully raised additional capital through multiple channels. Since the end of September, the company has secured approximately A$1.9 million from the exercise of unlisted options priced at $0.11, with further potential to raise an additional $0.7 million if remaining options are exercised. This follows a substantial $13.5 million placement completed in October, collectively boosting Yandal’s cash reserves to an estimated A$18 million post-quarter.
Positioned for Aggressive Exploration in 2026
With this strengthened financial footing, Yandal Resources is poised to accelerate its exploration programs across several key projects. Priority areas include the recent Arrakis Discovery, the New England Granite target, and the Flushing Meadows deposit, all located within the prolific Yandal Greenstone Belt of Western Australia. Managing Director Chris Oorschot highlighted that the enhanced funding position enables the company to aggressively pursue these under-explored opportunities.
Resource Base Remains Substantial
Despite the sale of the Gordons Gold Project, Yandal maintains a robust combined Mineral Resource base of 10.8 million tonnes at an average grade of 1.3 grams per tonne gold, equating to approximately 450,000 ounces of gold. This resource portfolio underpins the company’s growth strategy and exploration potential moving forward.
Looking Ahead
Advised by KPMG Corporate Finance on the divestment, Yandal’s strategic moves reflect a clear intent to consolidate and capitalize on its core assets. The company’s ability to convert options and complete capital raises demonstrates strong investor confidence. However, the success of upcoming exploration campaigns will be critical to sustaining momentum and delivering shareholder value.
Bottom Line?
Yandal’s strengthened cash position sets the stage for an active and potentially transformative exploration year in 2026.
Questions in the middle?
- Will Yandal fully exercise remaining $0.11 options to further boost cash?
- How will the company prioritise exploration spending across its key projects?
- What impact will the Gordons sale have on Yandal’s long-term resource growth?
