Exploration Risks Loom as Yandal Targets Continuity of Gold Mineralisation

Exploration Breakthrough at New England Granite

Yandal Resources Limited (ASX, YRL) has unveiled encouraging results from its recent air-core drilling campaign at the New England Granite (NEG) target area, part of the Ironstone Well-Barwidgee Gold Project in Western Australia's Yandal Greenstone Belt. The 3,300-metre program, comprising 38 holes, returned notable shallow high-grade gold intercepts, including a standout 6 metres at 6.3 grams per tonne gold (g/t Au), with a 2-metre section grading an impressive 18.2 g/t Au at the Salusa Prospect.

Structural Controls and Mineralisation Insights

The drilling results reveal that gold mineralisation is closely associated with structural features and contacts between intrusive rock units within the NEG intrusive complex. The high-grade intercepts appear proximal to an interpreted northeast-striking structure and intrusive contacts, suggesting these geological features are key controls on gold deposition. Another significant intercept, 2 metres at 6.0 g/t Au, was recorded approximately 120 metres along strike, reinforcing the potential for continuity along these structures.

Strategic Implications and Next Steps

These findings underscore the largely underexplored nature of the NEG intrusive complex and its considerable discovery potential. Yandal Resources plans to advance exploration with follow-up reverse circulation (RC) drilling targeting the high-grade air-core intercepts, scheduled for April and June 2026. Additionally, a further 40 to 50 air-core holes are planned to test structural targets on the western margin of the NEG, pending heritage clearances. The company is also awaiting bottom-of-hole multi-element assay data expected by the end of the March quarter, which will aid in refining targeting strategies.

Broader Exploration Context

The New England Granite results complement recent discoveries at Yandal’s other prospects, including the Siona and Arrakis targets within the Ironstone Well-Barwidgee project. The company maintains a robust exploration pipeline and a strong cash position, with infrastructure expansion planned to support increased activity in 2026. These developments reflect Yandal’s methodical approach to exploring structurally controlled gold systems within a prolific greenstone belt.

Cautious Optimism Amidst Early-Stage Results

While the results are promising, it is important to note that true widths of mineralisation remain unknown, and the reported intercepts are down-hole lengths, which may overstate mineralised intervals due to potential smearing effects. The continuity of mineralisation into fresh rock and along strike will require confirmation through upcoming drilling programs. Heritage approvals also represent a gating factor for some planned exploration activities.