Heritage Study Delay Puts Albion’s Yandal West Drilling Plans on Hold
Albion Resources has advanced its exploration at the Yandal West Gold Project, identifying a previously unrecognised multi-kilometre gold corridor at Ives North while awaiting heritage study results that will shape upcoming drilling plans.
- Discovery of undrilled multi-kilometre gold corridor at Ives North
- Completion of Gradient Array Induced Polarisation surveys at May Queen and Ives North
- Heritage study finalised, outcomes pending to determine drilling access
- Strong cash position of A$3 million with disciplined capital structure
- No drilling conducted during the quarter, focus on groundwork and target refinement
Exploration Progress at Yandal West
Albion Resources Limited (ASX, ALB) has reported significant technical progress at its Yandal West Gold Project in Western Australia during the December 2025 quarter. The company concentrated on refining exploration targets through detailed geological interpretation, geophysical surveys, and geochemical analysis, laying the groundwork for the next phase of exploration.
Key among the advances was the completion of Gradient Array Induced Polarisation (GAIP) surveys over priority zones at May Queen and Ives North. These surveys revealed coherent anomalies linked to sulphide-bearing systems along important structural corridors, enhancing the understanding of the project's mineralisation potential.
New Gold Corridor Identified at Ives North
Perhaps the most compelling development was the identification of a previously unrecognised, undrilled multi-kilometre gold corridor along the northern margin of the Ives Granite. This corridor is supported by coincident geological, geochemical, and geophysical datasets, including rock-chip samples returning high-grade gold assays up to 42.1 grams per tonne. The discovery positions Ives North as a high-priority target for upcoming drilling campaigns.
Heritage Study and Drilling Outlook
Albion completed a heritage study covering key target areas late in 2025, including Ives North and parts of May Queen. The company is currently awaiting the outcomes, which will be critical in determining access and timing for future drilling. While no drilling occurred during the quarter, this cautious approach ensures that exploration activities are responsibly sequenced and compliant with cultural and environmental considerations.
Financial Position and Strategic Flexibility
Financially, Albion remains well-positioned with approximately A$3 million in cash at quarter-end and a tight capital structure of 142 million shares. This funding provides the flexibility to advance exploration at Yandal West and pursue strategic opportunities aligned with the company’s growth objectives. Management continues to balance capital discipline with the ambition to unlock value from its gold assets.
Looking Ahead
Looking forward to the March 2026 quarter, Albion anticipates that high-quality targets will continue to emerge, particularly at Ives North. Drilling is planned to commence early in the year, subject to heritage and access approvals. Additionally, the company has submitted applications for additional tenure adjacent to Yandal West, with outcomes pending regulatory processes. Parallel to exploration, strategic opportunities remain under active review.
Bottom Line?
Albion’s methodical groundwork and new discoveries set the stage for a pivotal drilling campaign that could redefine its Yandal West prospects.
Questions in the middle?
- What will the heritage study outcomes mean for drilling timelines and access at Yandal West?
- How might the newly identified gold corridor at Ives North impact Albion’s resource potential?
- What strategic opportunities is Albion considering alongside its exploration activities?
