Yandal’s $2.7m Horizon Share Sale: What It Means for Exploration Risks Ahead
Yandal Resources has successfully divested its Horizon Minerals shares tied to the Gordons Gold Project, generating $2.74 million and bolstering its cash reserves to accelerate exploration activities.
- Sale of 37.57 million Horizon Minerals shares for $2.74 million
- Total Gordons Gold Project divestment proceeds reach $3.9 million
- Net cash inflows of $18.9 million in December quarter from divestment, capital raising, and option exercises
- Cash balance stood at approximately $2.3 million as of September 30
- Additional funds earmarked to accelerate exploration across key gold assets
Strategic Divestment Completed
Yandal Resources has taken a decisive step in reshaping its financial position by divesting its holding in Horizon Minerals, a stake originally received as part of the consideration for selling the Gordons Gold Project tenements. The sale of over 37.5 million Horizon shares has generated $2.74 million in cash, marking the final tranche of proceeds from the Gordons divestment.
This transaction follows the execution of the tenement sale agreement in August 2025 and its completion in November, which included a combination of cash payments and Horizon Minerals shares issued at a discounted price. The full consideration package has now been realised, with total funds from the Gordons divestment amounting to $3.9 million.
Robust Cash Inflows Strengthen Balance Sheet
Beyond the divestment, Yandal Resources has reported net cash inflows of $18.9 million during the December quarter. These inflows stem from the Gordons transaction, a successful capital raising that brought in $12.6 million, and the exercise of options contributing an additional $2.6 million. As of September 30, the company held approximately $2.3 million in cash, a figure now significantly bolstered by these recent financial activities.
These strengthened cash reserves provide Yandal with enhanced flexibility and capacity to fund its ongoing and planned exploration programs. The company is well-positioned to accelerate work across its portfolio of advanced gold exploration projects situated in the prolific Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.
Exploration Outlook and Market Position
Yandal’s portfolio includes several promising prospects such as Ironstone Well, Flushing Meadows, and Mt McClure, each with established mineral resources. The injection of fresh capital is expected to underpin more aggressive exploration efforts, potentially unlocking further value from these assets.
While the company has not provided detailed timelines for upcoming exploration milestones, the increased financial firepower signals a commitment to advancing its projects and enhancing shareholder value. Market watchers will be keen to see how these funds translate into tangible exploration results in the coming quarters.
Bottom Line?
Yandal’s cash boost from divestment and capital raising sets the stage for a more aggressive exploration push in 2026.
Questions in the middle?
- What specific exploration targets will Yandal prioritise with the new funds?
- How will the recent capital inflows affect Yandal’s longer-term development strategy?
- What market conditions could influence the timing and scale of upcoming exploration programs?
