Yandal Resources Ltd has reported solid operations during the March 2025 quarter, including across exploration activities at its 100%-owned projects in the Yandal Greenstone Belt, WA.
Active quarter in the field
The company says the work it has conducted to date have set it up for an active June quarter, with pending drilling results from both the Arrakis and Siona prospects and the kick off of extensive new drilling programs targeting large-scale gold discoveries.
At the Caladan target area, initial aircore drilling confirmed gold mineralisation within a three kilometre-long regolith geochemical anomaly, culminating in the definition of the new Arrakis Prospect.
The best result returned 11 metres at 1.7 g/t gold from 97 metres to end-of-hole in drillhole 24IWBAC063.
A follow-up reverse circulation (RC) drilling program was completed during the quarter, with results expected shortly.
Preparations are underway for a 12,500 metre aircore drilling program, commencing in May, following the completion of heritage surveys.
Meanwhile, at New England Granite, RC drilling at the Siona Discovery confirmed continuous gold mineralisation over more than 450 metres of strike, with true widths ranging from eight to 40 metres.
Promising intersections included 26 metres at 0.5g/t gold and 18 metres at 0.7g/t gold.
Exploration drilling also defined a new target, the Salusa Prospect, two kilometres south of Siona, with notable intercepts of 2 metres at 9.4g/t gold and 14 metres at 0.8g/t gold.
An infill ground gravity survey completed during the quarter refined structural interpretations, enhancing drill targeting across the area.
Diamond drilling at Siona has concluded, with all assay results expected by mid-May.
Further exploration activities across the New England Granite are planned, including aircore drilling targeting structural features identified from the updated gravity survey.
Strong finances
Yandal Resources maintains a solid financial position with around A$7.1 million in cash and cash equivalents at quarter-end.
To optimise its asset portfolio, the company has engaged KPMG Corporate Finance to manage the potential divestment of the Mt McClure and Gordons Gold Projects.
Mt McClure, located in the southern Yandal Belt, hosts a Mineral Resource inventory of 182,200 ounces at 1.7g/t gold, while Gordons, situated north of Kalgoorlie, offers exploration upside along the Gordon Sirdar Shear Zone.