01 Dec 2021

High-Grade Depth Extension Confirmed at Star of Gordon

Registered Address Board Members Gold Projects Yandal Resources Limited Lorry Hughes Managing Director /CEO Ironstone Well (100% owned) ACN 108 753 608 ABN 86 108 753 608 Katina Law Non - Executive Director Barwidgee (100% owned) Tim Kennedy Chairman Mt McClure (100% owned) A 159 Stirling Highway Bianca Taveira Company Secretary Gordons (100% owned) Nedlands WA 6009 Shares on Issue 10 3 , 088 , 135 P PO Box 1104 T + 61 8 9389 9021 Share Price $0. 38 Nedlands WA 6909 E yandal @yandal resources .com.au Market Cap $ 40 M W www.yandalresources.com.au ASX Code YRL ASX Announcement 1 December 20 2 1 High - Grade Depth Extension C onfirmed at Star of Gordon Prospect RC drilling at the Star of Gordon prospect has confirmed high - grade gold mineralisation at vertical depth s beneath 1 6 0m • Results have b een received from RC drilling at a number of high - priority gold prospects within the Gordons gold project near Kalgoorlie in Western Australia , highlights include Star of Gordon Prospect – RC drilling ? 1m @ 19.8 g/t Au from 15 9 m (YRLRC6 68 ) located ~200m directly down dip from an earlier RC intercept of 10 m @ 8 . 4 g/t Au from 43 m including 1m @ 52.5 g/t Au (YRLRC 630 ) 1 ? Mineralisation is open in all directions ? Infill and extensional RC drilling in the discovery area is ongoing with 22 holes completed – results pending ? Diamond drilling planned to commence in December Andrews Prospect – RC drilling ? 40 m @ 0.4 g/t Au from 64 m including 4 m @ 2. 4 g/t Au (YRLRC6 70 – 4m composite assay ) ? 16 RC holes completed with results pending Bradman Prospect – RC drilling ? 11 m @ 2.0 g/t Au from 257 m including 3 m @ 5. 8 g/t Au from 2 61 m (YRL RC646 ) 1 ? Two RC holes completed with results pending ? D iamond drilling planned to commence in December . Yandal Resources’ Managing Director; Mr Lorry Hughes commented: “ T he 20g/t Au intercept located over 200m down dip from a 52g/t Au intercept elevates the prospectivity of the Star of Gordon prospect considerably. After the initial discovery intercept we c ompleted three vertical reconnaissance holes and have confirmed that high - grade mineralisation is open at depth . Initial infill and extensional RC drilling is complete and the first diamond holes to examine the structural controls to the mineralisation are planned to commence shortly. The prospect is situated directly along strike from the Gordon Sirdar underground gold mine which is currently ope rating at depths exceeding 600m. W e believe there is excellent potential to expand th e Star of Gordon mineralisation along strike and down dip ”. 1 Refer to YRL ASX announcement dated 28 September 2021. ASX Announcement 1 December 2021 Page 2 Yandal Resources Ltd (ASX: YRL , “Yandal Resources” or the “Company”) is pleased to provide an update on exploration activit ies at the 100% - owned Gordons gold project in Western Australia (Figure 1). Figure 1 – Yandal Resources’ gold project locations . Star of Gordon Prospect The prospect is located 2km directly NNW along strike from the Gordon Sirdar underground gold mine which is owned and operated by FMR Investments Pty Ltd (“FMR”) (Figure 4 ) . FMR are currently mining ~60,000t of ore per month using conventional underground mining methods and transporting the ore via road haulage for processing at their mill in Coolgardie. I ndividual 1m fire - assay results have been received from three vertical reverse circulation (“RC”) holes completed to provide an initial test for continu it y of mineralisation down dip from earlier high - grade RC intercepts (Figures 2 & 3) . Hole YRLRC0668 returned a highly encouraging downhole intercept of ; ? 1m @ 19.8g/t Au from 159m (YRLRC6 68 ) The result is considered to be highly significant as it demonstrates the potential for high - grade mineralisation to extend for over 250m down dip from surface. Hole YRLRC0669 drilled 50m to the SE on an adjacent section also intercepted the mineralised zon e with results including; ? 6 m @ 0.1g/t Au from 169m ? 1m @ 0.2g/t Au from 179m at end - of - hole (YRLRC6 69 ) It is interpreted that hole YRLRC0669 may not have been drilled deep enough and intersected the top of the target mineralisation zone as it is likely the mineralisation is influenced by faults , porphyry intrusive units or a plunge component offsetting its location . 1 Refer to YRL ASX announcement dated 28 September 2021. ASX Announcement 1 December 2021 Page 3 Figure 2 – Schematic c ross s ection plan of the Star of Gordon gold prospect showing holes 50m either side of the section line (refer Figure 3 for location). In addition field duplicate resampling of the very high - grade mineralisation within the interval 10m @ 8.4g/t Au from YRLRC0630 1 returned consistent results confirming the very high - grades from 50 - 52m including results up to 75.0 g/t Au (Table 1). F our - metre composite assay s from sampling outside the 1m sampled intervals (164 - 180m YRLRC0667, 140 - 168m YRLRC0668 and 156 - 180m YRLRC0669) returned low - level results with only one exceeding 100ppb Au (Table 1) . A number of intervals have been s elected for i ndividual 1m sampling to assist with interpretation of the mineralisation zones going forward . Infill and extensional RC drilling is underway with 22 holes for 2, 919 m completed as part of an ongoing program . Further reconnaissance holes are planned along strike particularly to the north for 2 - 3km toward the Marsh p rospect once all statutory approvals to drill are in place (Figure 4). The gold mineralisation zone encountered dips shallowly to the east and oc curs within shear ed basaltic rocks which ha ve been intruded by dolerite and porphyry rocks. Gold is observed to be associated with quartz veins and higher grades are associated with higher vein density. Sulphide minerals present include up to 5% pyrite wit h traces of arsenopyrite and some fuchsite also noted. Diamond drilling is planned to commence in December and will aim to provide detailed geological and structural information in the known mineralisation area to improve the understanding of the controls to high - grade s and generate new targets . A’ A 8m @ 4.7g/t Au (15m) 1 incl. - 6m @ 5.9g/t Au (15m) - 2m @ 10.2g/t Au (19m) - 1m @ 13.3g/t Au (19m) 10m @ 2.5g/t Au (27m) 1 incl. - 1m @ 4.4g/t Au (31m) - 2m @ 6.9g/t Au (34m) - 1m @ 8.6g/t Au (35m) - 2m @ 2.5g/t Au (41m) 1 Refer to YRL ASX announcement dated 28 September 2021 , 2 Refer to YRL ASX announcement dated 11 November 2021 . Assays Pending 45m @ 2.0g/t Au (18m) 1 incl. - 10m @ 8.4g/t Au (43m) - 2m @ 35.3g/t Au (50m) - 1m @ 18.0g/t Au (50m) - 1m @ 52.5g/t Au (51m) 5m @ 1.3g/t Au (27m) 2 incl. - 1m @ 2.6g/t Au (30m) 9m @ 1.8g/t Au (47m) incl. - 1m @ 9.6g/t Au (51m) 1m @ 0 . 2 g/t Au ( 154 m) 1m @ 19.8g/t Au ( 159m ) Open >200m down dip extent ASX Announcement 1 December 2021 Page 4 Figure 3 – Plan view drill collar map for the Star of Gordon prospect coloured by maximum gold grade projected to the drill collar, recent/new downhole intercepts and follow - up holes with assays pending (Refer to Table 1 for all new results). 20m @ 0. 8 g/t Au (14m) 1 incl. - 5m @ 2.4g/t Au (21m) - 1m @ 4. 7 g/t Au (22m) - 1m @ 3. 1 g/t Au (23m) 9m @ 0.4g/t Au (24m) 1 incl. - 1m @ 1.4g/t Au (26m) 1 Refer to YRL ASX announcement dated 28 September 2021. OPEN ALONG STRIKE Figure 2 cross section A YRLRC0630 45m @ 2.0g/t Au (18m) incl. 1 - 10m @ 8.4g/t Au (43m) - 2m @ 35.3g/t Au (50m) - 1m @ 18.0g/t Au (50m) - 1m @ 52.5g/t Au (51m) OPEN DOWN DIP YRLRC06 68 1m @ 0.2g/t Au (154m) 1m @ 19.8g/t Au (159m) >200m down dip extent YRLRC06 69 2 m @ 0.1 g/t Au (159m) 6m @ 0.1g/t Au (169m) 1m @ 0.2g/t Au (179m – EOH) 2 4m composite assays. YRLRC06 67 2 4 m @ 0.1 g/t Au ( 32 m) LANGER PROSPECT OPEN ALONG STRIKE ASX Announcement 1 December 2021 Page 5 Figure 4 – Location map of key prospects within the Gordons Gold project in relation to nearby operating third party gold mines, project tenure and regional geology. Inset Map refer Figure 5 Inset Map refer Figure 3 ASX Announcement 1 December 2021 Page 6 Gordons Dam, Malone, Andrew s and Bradman Prospects At the Gordons Dam Prospect (Figures 4 , 5 & Table 1 ) 4m composite assay results have been re ceived from one RC hole which intersected a number of zones of significant mineralisation including ; ? 16 m @ 0 . 2 g/t Au from 72 m including 4 m @ 0.4 g/t Au ? 20 m @ 0.3 g/t Au from 1 4 8 m including 4m @ 0.8g/t Au (YR LRC 671 ) . As part of initial pit optimisation stud ies and mining approvals an additional 50 shallow RC holes for 4,449m have been completed to infill known mineralisation areas and provide sufficient data for the compilation of an initial Mineral Resource Estimate (“MRE”). The initial MRE is planned for comp letion in the March Quarter 2022. Assay results have also been received from diamond hole YRLDD0 0 12 which was drilled to improve the structural understanding of high - grade mineralisation beneath high - grade oxide intercepts . The hole was drilled towards the NE and returned several significant intercepts including; YRLDD0 012 ? 6.15 m @ 0.4 g/t Au from 10 3 . 0 0 m including 0.45m @ 4.0g/t Au ? 6.00 m @ 0. 2 g/t Au from 1 3 6. 00 m including 1.00m @ 0.8g/t Au ? 1. 30 m @ 0. 8 g/t Au from 150.80 m including 0.40m @ 1.1g/t Au ? 1. 50 m @ 0. 6 g/t Au from 200.80m including 0. 3 0m @ 1. 9 g/t Au ? 0.50 m @ 1.3 g/t Au from 209.50 m Further target generation at this prospect will be evaluated upon receival and interpretation of all pending RC results. At the Malone Prospect ( Figures 4, 5 & Table 1 ) fire - assay results have been received from diamond holes YRLDD0011 and 13 to test for mineralisation interpreted to be related to a contact between felsic and mafic rocks intruded by later stage porphyry rocks . The holes returned some encouraging results i ncluding; YRLDD00 11 ? 1.00 m @ 0.6 g/t Au from 342.00 m ? 1.00 m @ 0.6 g/t Au from 355.00 m ? 1.0 0 m @ 3.2 g/t Au from 375.00m ? 1.0 0 m @ 1.1 g/t Au from 478.00m ? 0.35 m @ 1 . 3 g/t Au from 533.65m ? 1. 40 m @ 0.5 g/t Au from 610.30 including 0.70m @ 0.9g/t Au YRLDD00 1 3 ? 0.95 m @ 1.1 g/t Au from 137.35 m including 0.40 m @ 1.7 g/t Au ? 0.90 m @ 0.8 g/t Au from 150.00m including 0.40 m @ 1.4 g/t Au Twenty five RC holes for 3,857m have been completed to test for extensions to mineralisation at depth and along strike from mineralisation related to the Malone felsic - mafic contact – assay s pending . At the Andrews Prospect ( Figures 4, 5 & Table 1 ) located immediately south of Malone, 4m composite assay results have been received from 4 RC holes ( 558 m). The holes have returned some encouraging results including; ? 40 m @ 0.4 g/t Au from 64 m including 4 m @ 2.4 g/t Au (YRLRC 6 70 ) Sixteen RC holes for 2,738 m have been completed to test for extensions to mineralisation – assays pending. ASX Announcement 1 December 2021 Page 7 Figure 5 – Plan view drilling collar map coloured by maximum gold grade (g/t Au) projected to the drill collar with interpreted geology for the Gordons Dam , Malone , Andrews and Bradman prospects (Refer to Table 1 for all new results ). GORDONS DAM MALONE YRLRC6 70 40m @ 0.4g/t Au (64m) incl. - 8m @ 1.4g/t Au (64 m ) - 4m @ 2.4g/t Au (64m) ANDREWS BRADMAN YRLRC6 46 11 m @ 2 . 0 g/t Au ( 257 m) incl. - 6 m @ 3.4 g/t Au ( 256m ) - 3 m @ 5.8 g/t Au ( 260 m) - 1m @ 9.9g/t Au (260m) 1 4m composite assays. YRLDD012 YRLRC06 6 5A & B YRL RC0666 YRLRC6 71 1 16 m @ 0. 2 g/t Au ( 72 m) 20 m @ 0 . 3 g/t Au ( 148m ) incl. - 4m @ 0 . 8 g/t Au ( 148m ) YRLDD01 1 YRLDD01 3 ASX Announcement 1 December 2021 Page 8 At the Bradman Prospect ( Figures 4, 5 & Table 1 ) fire - assay results have been received from one RC hole ( 314 m). The hole returned an excellent intercept at depth including; ? 11 m @ 2.0 g/t Au from 257 m including 6m @ 3.4g/t Au from 256m and 3m @ 5.8g/t Au from 260m (YRLRC 646 ) The potential for high - grade mineralisation was confirmed with the highest individual 1m sample returning ; ? 1 m @ 9.9g/t Au from 260m (YRLRC 646 ) Two RC holes for 542 m have been completed to test for extensions to mineralisation and diamond drilling is planned to commence in December – assays pending. Next Steps Key exploration activities planned during the December and March Quarter s include; • Receive and interpret pending AC, RC and diamond drill assays from the Ma lone, Gordons Dam, Star of Gordon, Andrews, Bradman, Challenger, Parmelia, Success and HMS Sulphur prospects; • Commence diamond drilling at the priority Bradman, Star of Gordon and Gordons Dam prospects; • C ompile an open pit MRE and commence pit optimisatio n studies for the Gordons Dam prospect; • Commence detailed planning and execution of heritage surveys over key prospect areas within the Ironstone Well and Barwidgee projects including priority areas within, adjacent to and along strike from the Newport, Flushing Meadows, Oblique, Quarter Moon, F linders Park and Sims Find prospects. ASX Announcement 1 December 2021 Page 9 Table 1 – RC /DD d rill collar locations, depth, orientation and down hole assay results - Gordons pro ject . Hole Id North (m) East (m) Depth (m) Dip (Deg.) Azi . (Deg.) From (m) To (m) Interval (m) Au 1 g/t (FA50) Au 2 g/t (FA50) Star of Gordon Prospect RC Intervals (>0.1g/t Au) YRLRC0667 6632726 363469 180 - 9 0 360 32 36 4 0.1 * YRLRC0668 6632801 363405 180 - 9 0 360 15 4 155 1 0.2 159 160 1 19.2 19.8 YRLRC0669 6632764 363437 180 - 9 0 360 159 161 2 0.1 169 175 6 0.1 179 180 1 0.2# YRLRC0630 1 1 6632658 363317 204 - 60 240 18 63 45 2.0 43 53 10 8.4 50 52 2 35.3 50 51 1 17.6 18.0 51 52 1 33.4 52.5 Field duplicates 50 51 1 52.0 2 58 . 5 2 Field duplicates 5 1 5 2 1 51.0 2 75 . 0 2 Gordons Dam Prospect RC Intervals (>0.1g/t Au) YRLRC0 671 6633749 359670 204 - 60 220 72 88 16 0.2* including 76 80 4 0.4* 0.4* 148 168 20 0.3* including 148 152 4 0.8* 0.8* Gordons Dam Prospect Diamond Intervals (>0.1g/t Au) YRLDD0 0 12 6633613 359689 261.5 0 - 60 40 0 40.60 Not assayed 63.00 65.00 2.00 0.2 85.00 85.50 0.50 0.2 89.30 89.70 0.40 0.1 103.00 109.15 6.15 0.4 including 108.70 109.15 0.45 4.0 3.5 115.50 122.00 6.50 0.2 128.00 134.00 6.00 0.2 including 129.60 130.00 0.40 0.5 0.6 136.00 142.00 6.00 0.2 including 141.00 142.00 1.00 0.8 0.8 150.80 162.00 11.20 0.3 including 150.80 152.10 1.30 0.8 including 150.80 151.20 0.40 1.1 1.3 170.00 170.65 0.65 0.5 0.4 173.00 173.60 0.60 0.1 175.00 176.00 1.00 0.1 178.40 181.00 2.60 0.3 184.00 184.70 0.70 0.1 187.35 190.00 2.65 0.1 194.80 195.10 0.30 0.2 198.00 205.60 7.60 0.2 including 200.80 202.30 1.50 0.6 including 202.00 202.30 0.30 1.8 1.9 209.50 210.00 0.50 1.2 1.3 ASX Announcement 1 December 2021 Page 10 Hole Id North (m) East (m) Depth (m) Dip (Deg.) Azi . (Deg.) From (m) To (m) Interval (m) Au 1 g/t (FA50) Au 2 g/t (FA50) 213.70 214.02 0.32 0.3 0.3 Malone Prospect Diamond Intervals (>0.1g/t Au) YRLDD0 0 11 6633095 359489 814.3 0 - 60 220 0 71.50 Not assayed 88.00 89.00 1.00 0.1 96.00 97.00 1.00 0.4 0.5 130.70 131.10 0.40 0.2 141.00 142.00 1.00 0.4 150.70 151.00 0.30 0.1 180.70 181.35 0.65 0.2 190.30 341.00 Not assayed 342.00 343.00 1.00 0.6 349.50 350.40 0.90 0.3 353.00 353.70 0.70 0.4 355.00 356.00 1.00 0.6 360.00 361.00 1.00 0.1 370.00 371.00 1.00 0.2 375.00 376.00 1.00 3.2 3.3 378.00 379.00 1.00 0.1 380.00 380.60 0.60 0.1 400.25 400.90 0.65 0.4 0.4 403.45 403.90 0.45 0.3 412.60 413.20 0.60 0.2 460.00 460.50 0.50 0.1 478.00 479.00 1.00 1.1 525.00 526.00 1.00 0.1 533.10 535.00 1.90 0.3 including 533.65 534.00 0.35 1.2 1.3 567.35 568.00 0.65 0.1 0.1 594.00 595.00 1.00 0.1 0.2 610.30 611.70 1.40 0.5 including 611.00 611.70 0.70 0.8 0.9 613.50 614.00 0.50 0.2 0.2 629.00 630.00 1.00 0.2 634.35 634.75 0.40 0.1 662.00 662.70 0.70 0.1 720.45 721.00 0.55 0.1 745.00 746.80 1.80 0.3 750.80 751.10 0.30 0.1 YRLDD0 0 13 6632926 359107 305. 50 - 60 220 79.00 82.00 3.00 0.3 88.00 89.20 1.20 0.5 0.5 96.80 97.50 0.70 0.7 0.7 116.00 116.70 0.70 0.1 137.35 138.30 0.95 1.1 including 137.90 138.30 0.40 1.7 140.30 141.00 0.70 0.2 150.00 150.90 0.90 0.8 ASX Announcement 1 December 2021 Page 11 Hole Id North (m) East (m) Depth (m) Dip (Deg.) Azi . (Deg.) From (m) To (m) Interval (m) Au 1 g/t (FA50) Au 2 g/t (FA50) including 150.00 150.40 0.40 1.3 1.4 162.50 162.80 0.30 0.1 181.00 183.00 2.00 0.1 Andrews Prospect RC Intervals (>0.1g/t Au) YRLRC0665A 6631178 360097 84.0 - 60 250 60 64 4 0.1 * YRLRC0665B 6631178 360097 168.0 - 60 250 NSA>0.1g/t Au YRLRC0666 6630789 360198 156.0 - 60 250 68 76 8 0.2 * YRLRC0670 6631834 359562 150.0 - 60 250 64 104 40 0.4 * including 64 72 8 1.4* including 64 68 4 2.4* 2.3* Bradman Prospect RC Intervals (>0.1g/t Au) YRLRC0646 6630599 360262 314 - 90 360 53 57 4 0.1 81 84 3 0.2 92 105 13 0.1 110 112 1 0.4 142 144 2 0.3 181 187 6 0.1 242 243 1 0.1 250 251 1 0.1 257 268 11 2.0 including 256 263 6 3.4 including 260 263 3 5.8 including 260 261 1 9.2 9.9 284 286 2 0.9 including 284 285 1 1.4 1.5 Notes to Table s 1 - 3 ; 1. An accurate dip and strike and the controls on mineralisation are only interpreted and the true width of mineralisation is unknown at this stage. 2. For AC and RC drilling, 4m composite samples are submitted are analysed using a 50g Aqua Regia d igest with Flame AAS gold finish (0.01ppm detection limit), for DD drilling samples are analysed using a 50g fire assay with ICP - MS finish gold analysis (0.01ppm detection limit) by Aurum Laboratories in Beckenham, Western Australia. 3. Au1 is the original assa y, Au2 is the highest grade from duplicate or repeat samples if they have been completed. 4. g/t (grams per tonne). 5. Intersections are calculated over inter vals >0.10g/t or as indicated. 6. Drill type AC = Air - core, RC = Reverse Circulation, DD = Diamond . 7. Coordinates are in GDA94, MGA Z51. 8. # denotes an end of hole assay . 9 . ABD denotes hole abandoned before target depth. 10. NSA denotes no significant assay. 11. * denotes a 4m composite assay unless otherwise indicated . 1 Refer to YRL ASX announ cement dated 28 September 2021. 2 Riffle split field duplicates taken to confirm original results. ASX Announcement 1 December 2021 Page 12 About Yandal Resources Limited Yandal Resources listed on the ASX in December 2018 and has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman - Wiluna Greenstone Belts of Western Australia. Yandal Resources’ Board has a track record of successful discovery, mine development and production. November 2020 Mineral Resource Estimate Summary Table – Flushing Meadows Gold Deposit Material Type Indicated Inferred Total Tonnes Au (g/t) Oz Tonnes Au (g/t) Oz Tonnes Au (g/t) Oz Laterite 89,853 1.26 3,631 86,671 1.23 3,422 176,524 1.24 7,054 Oxide 2,015,900 1.33 86,071 2,246,845 1.10 79,389 4,262,745 1.21 165,420 Transition 35,223 1.20 1,360 1,160,471 1.10 40,966 1,195,695 1.10 42,325 Fresh 1,751,484 0.95 53,440 1,751,484 0.95 53,440 Total 2,140,976 1. 32 91,062 5,245,471 1.05 177,217 7,386,448 1.13 268,352 * Reported above 0.5g/t Au lower cut - off grade, r efer to Yandal Resources Ltd ASX announcement dated 4 November 2020 for full details. Competent Person Statement The information in this document that relates to Exploration Results, geology and data compilation is based on informati on compiled by Mr Trevor Saul, a Competent Person who is a Member of The Austral asian Institute of Mining and Metallurgy. Mr Saul is the Exploration Manager for the Company, is a full - time employee and holds shares and options in the Company. Mr Saul has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporti ng of Exploration Results, Mineral Resources and Ore Reserves’. Mr Saul consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. The information in this announcement that relates to the Flushing Meadows Mineral Resource Estimate is based on information compiled and generated by Andrew Bewsher, an employee of BM Geological Services Pty Ltd (“BMGS”). Both Andrew Bewsher and BMGS hold shares in the company. BMGS consents to the incl usion, form and context of the relevant information herein as derived from the original resource reports. Mr Bewsher has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which is bein g undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Authorised by the board of Yandal Resources For further information please contact: Lorry Hughes Managing Director Yandal Resources Limited yandal@yandalresources.com.au Bianca Taveira Company Secretary +61 8 9389 9021 yandal@yandalresources.com.au ASX Announcement 1 December 2021 Page 13 Appendix 1 – Gordons Gold Pro ject JORC Code (2012) Table 1, Section 1 and 2 Mr Trevor Saul, Exploration Manager of Yandal Resources compiled the information in Section 1 and Section 2 of the following JORC Table 1 and is the Competent Person for those sections. The following Table and Sections are provided to ensure compliance wit h the JORC Code (2012 edition) requirements for the reporting of Mineral Resources. Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc. ). These examples should not be taken as limiting the broad meaning of sampling. • 4m composite samples taken with a sample scoop thrust into the RC sample bag which is laid out in individual metres in a plastic bag on the ground . 1m single splits taken using a cone splitter at time of drilling, if 4m composites are anomalous (>100 - 200ppb or lower depending on location), 1m single splits are submitted for analyses. Average sample weights about 3.0kg for 4m composites and 2.0 - 3 . 0 kg for 1m samples . • For AC drilling samples laid out on the ground and sampled as above. Average weights are 2.0 - 3.0kg for composites and 3.0 - 4.0kg for singles. • For diamond drilling (“DD”) HQ or NQ is cut in half and assayed. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • For RC and AC drilling regular air and manual cleaning of cyclone to remove hung up clays where present. For all d rilling methods, regular s tandards are submitted during composite analysis and standards, blanks and duplicates for 1m samples . Based on statistical analysis and cross checks of these results, there is no evidence to suggest the samples are not representat ive. Standards & replicate assays taken by the laboratory. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circu lation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commod ities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. • AC, RC and DD drilling was used to obtain 1m samples (or smaller in the case of DD) from which approximately 2.0 - 3 .0kg sample was pulverised to produce a 50g Aqua Regia digest with Flame AAS gold finish (0.01ppm detection limit) for AC samples and a 50g fire assay with ICP - MS (inductively coupled plasma - mass spectrometry) finish gold analysis (0.01ppm detection limit) for RC/DD samples by Aurum Laboratories in Beckenham, Western Australia. Samples assayed for Au , As, Cu, Pb, Zn and Ag for AC composites and Au only for RC and DD. D rilling intersected oxide, transitional and primary mineralisation to a maximum drill depth below 25 0m . Drilling techniques Drill type (e.g. core, reverse circulation, open - hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face - sampling bit or other type, whether core is oriented and if so, by what method, etc). • RC drilling with a 4 ’ ½ inch face sampling hammer bit. AC drilling used a 3’ ½ inch blade bit. DD drilling used a roller bit down to hard then HQ and NQ sized rods. Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • RC and AC recovery and meterage was assessed by comparing drill chip volumes or (sample bags for RC ) for individual meters. Estimates of sample recoveries were recorded. R outine checks for correct sample depths are undertaken every RC rod (6m). DD recoveries were estimated by the drillers and written on core blocks. • RC sample recoveries were visually checked for recovery, moisture and contamination. The cyclone was routinel y cleaned ensuring no material build up. • Due to the generally good/standard drilling conditions and powerful drilling rig the geologist believes the R C and AC samples are representative, some bias would occur in the advent of poor sample recovery which was logged where rarely encountered. At depth there were some wet samples and these are recorded on geological logs. ASX Announcement 1 December 2021 Page 14 Criteria JORC Code explanation Commentary Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photogr aphy. The total length and percentage of the relevant intersections logged. • RC , AC and DD logging is routinely completed on one metre intervals at the rig or yard by the geologist. The log was made to standard logging descriptive sheets and transferred into Micromine software on a computer once back at the office. Logging was qualitative in nature. • All intervals logged for AC and RC drilling completed during drill p rogram with a representative sample placed into chip trays . Sub - sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. If non - core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub - sampling stages to maximise representivity of samples. Measures taken to ensure that the s ampling is representative of the in situ material collected, including for instance results for field duplicate/second - half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. • DD, AC and RC samples taken. • AC and RC samples were collected from the drill rig by spearing each 1m collection bag (RC) or from the ground (AC) and compiling a 4m composite sample. Single splits were automaticall y taken by the rig cone splitter for RC . Wet or dry samples were noted i n the logs . • For Yandal Resources Ltd samples, duplicate 1m samples were taken in the field , with standards and blanks inserted with the 1 m and 4m samples for analyses. • 1m s amples were consistent and weighed approximately 3.0 - 4.0 kg for RC (2.0 - 3.0kg for AC) and it is common practice to review 1m results and then review sampling procedures to suit. • Once samples arrived in Perth , further work including duplicates and QC was un dertaken at the laboratory. Yandal Resources Ltd has determined that at the Gordons Dam prospect there is sufficient data for a MRE and an initial one is planned upon completion upon receipt of all pending results and QA/QC re - sample and re - assay programs (however the deposit is open in many directions). • Mineralisation mostly occurs within intensely oxidised saprolitic and palaeochannel clays after altered mafic, porphyry and felsic rocks (typical greenstone geology). The sample size is standard practice i n the WA Goldfields to ensure representivity. Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools , spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. s tandards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. • The composite 4m AC samples were assayed using a 50g Aqua Regia digest with Flame AAS gold finish (0.01ppm detection limit) finish Au, Ag, As, Cu, Pb and Zn analysis (0.01ppm detection limit) by Aurum Laboratories in Beckenham, Western Australia for gold only. Initial 4m samples were assayed by Aqua Regia with fire assay checks (0.01ppm detection limit) . RC and DD sampling assayed for Au only. • No geophysical assay to ols were used. • Laboratory QA/QC involves the use of internal lab standards using certified refere nce material, blanks, splits and replicates as part of the in - house procedures. QC results (blanks, duplicates, standards) were in line with commercial procedures, reproducibility and accuracy. These comparisons were deemed satisfactory . Some re - splitting with an onsite three - tier riffle splitter has been undertaken in the palaeochannel area for analyses from RC samples. A number of samples have been selected for future metallurgical testing. A number of 1m residues from RC assays are planned to be analysed at other laboratories for comparison. Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedur es, data verification, data storage (physical and electronic) protocols. • Work was supervised by senior Aurum Laboratory staff experienced in metals assaying. QC data reports confirming the sample quality have been supp lied . • Data storage as PDF/XL files on company PC in the Perth office. • No data was adjusted. • Significant intercepts are reported in Table 1 by Mr Trevor Saul of Yandal Resources and were generated by compositing to the ind icated downhole thickness. A 30ppb Au lower cut - off wa s used for AC results (0.10g/t Au for RC and DD) and i ntersections ge nerally calculated with a maximum of 2m of ASX Announcement 1 December 2021 Page 15 Criteria JORC Code explanation Commentary Discuss any adjustment to assay data. internal dilution. Location of data points Accuracy and quality of surveys used to locate drill holes (collar and down - hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. • All drill collar locations were initially pegged and surveyed using a hand held Garmin GPS, accurate to within 3 - 5m. Holes were drilled at various spacings dependent on prospect assessment. All reported coordinates are referenced to th e GDA . The topography is very flat at the location of the Gordons Dam prospect . Down hole surveys utilised a proshot camera at the end of hole plus every 30m while pulling out of the hole. • Grid MGA94 Zone 51. • Topography is very flat, small differences in elevation between dri ll holes will have little effect on mineralisation widths on initial interpretation. All new holes and some available historic holes have been surveyed by DGPS as well as a surveyed topographical surface for compilation of MRE’s. The topographic surface ha s been generated by using the hole collar surveys. It is considered to be of sufficient quality to be valid for this stage of exploration. Data spacing and distribution Data spacing for reporting of Exploration Results. Whether the data spacing and distri bution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. • Holes were variably space d in accordance with the collar details/coordinates supplied in Table 1 . • The hole spacing was determined by the Company to be sufficient when combined with confirmed historic drilling results to explore effectively. The sample spacing and the appropriatene ss of each hole to be included to make up data points for a Mineral Resource has not been determined. It will depend on results from all the drilling and geological interpretations when complete. Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • No, drilling angle or vertical holes is deemed to be appropriate to intersect the supergene mineralisation and potential residual dipping struct ures and is appropriate for the current stage of the prospects . At depth angle holes have been used to in tersect the interpreted dipping lodes. True widths are often calculated depending upon the geometry. • The relationship between the drilling orientation and the orientation of mineralised structures is not considered to have introduced a sampling bias. Given the style of mineralisation and drill spacing/method, it is the most common routine for delineating shallow gold resources in Australia. • A ngle holes are the most appropriate for exploration style and Resource style drilling for the type and location of mineralisation intersected. Sample security The measures taken to ensure sample security. • Samples were collected on site under supervision of the responsible geologist. The work site is on a pastoral station. Once collected samples were wrapped and transported to Perth for analysis. Dispatch and consignment notes were delivered and checked for discrepancies. • Sample security for hi storical samples was highly variable and dependent on the exploration company however most of the companies working in the area are considered leaders in improving the sample security, QAQC procedures and exploration procedures. Audits or reviews The resu lts of any audits or reviews of sampling techniques and data. • No Audits have been commissioned. ASX Announcement 1 December 2021 Page 16 Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. • The new drilling was conducted on the following tenements; Gordons Project – M27/502, P27/2214, P27/233 8, P27/2339 , E27/601 and E 27/ 570 . The tenement s are 100% owned by the Company. The tenements are in good standing and no known impediments exist. E27/570 is subject to a Net Smelter Royalty (“NSR”) of 2 %, being payable to PVW Resources Ltd on all product mined from the tenement . Tenements E24/198, P27/2206, E27/536, M27/237 (“Mulgarrie North Tenements”) and E27/601, P27/2325, P27/2331, P27/2340 - 41, P27/2355 - 64 are subject to Heads of Agreement announced on 11 November 2021 with Moho Resources Ltd (“Moho”). Should the deal be executed in full, Moho will own !00% of the Ni - Cu - Co - PGE mineral s produced and Yandal will retain a 100% interest in the gold and related metals and a 1% NSR on the Ni - Cu - Co - PGE mineral s produced . Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. • Previous workers in the area include among others, North Ltd, Delta Gold Ltd, Aurion Gold Ltd, Placer Dome Asia Pacific, Barminco Investments, Mt Kersey Mining NL, Gutnick Resources NL, Pacific Arc Exploration, Geopeko, Flinders Resources Ltd, Kesli Chemicals Pty Ltd and Windsor Resources NL. Geology Deposit type, geological setting and style of mineralisation. • Archaean Orogenic Gold mineralisation hosted within the Boorara domain of the Kalgoorlie Terrane within the Norseman - Wiluna Archaean greenstone belt. The granite - greenstone belt is approximately 600 km long and is characterised by very thick, possibly rift controlled accumulations of ultramafic, mafic and felsic volcanics, intrusive and sedimentary rocks. It is one of the granite / greenstone terrains of the Yilgarn Craton of WA. Drill hole Information A summary of all information material to the understan ding of the exploration results including a tabulation of the following information for all Material drill holes: • easting and northing of the drill hole collar • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar • d ip and azimuth of the hole • down hole length and interception depth • hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, th e Competent Person should clearly explain why this is the case. • See Table 1 . • All holes reported from the current program are listed in Table 1 or can be viewed in Yandal’s other ASX releases during 2019 - 2021 . • Other hole collars in the immediate area of the Gordons Dam prospect have been included for diagrammatic purposes and Mr Saul considers listing all of the drilling details is prohibitive and would not improve transparency or materiality of the report. Plan view diagrams are shown in the report of all drilling collars in close proximity to the new drilling for exploration context in Fig ures 2 - 5 . • No information is excluded. Data aggregation methods In reporting Exploration Results, weighting averaging techni ques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut - off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, t he procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • No weighting or averaging calculations were made, assays reported and compiled are as tabulated in Table 1. • All assay intervals reported in Table 1 are typically 1 m downhole intervals above 0.10 g/t Au lower cut - off for RC/DD drilling (interval width as indicated for DD drilling) . F or AC drilling the interval is composited downhole interval as indicated above a 30ppb Au lower cut - off. There is occasionally small samples such as 1m or 2m when the hole was completed to depth that was not a multiple of 4 for AC drilling. • No metal equiva lent calculations were applied. ASX Announcement 1 December 2021 Page 17 Criteria JORC Code explanation Commentary The assumptions used for any reporting of metal equivalent values should be clearly stated. Relationship between mineralisatio n widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole a ngle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’). • Oxide and Transitional mineralisation is generally flat lying (blanket like) while mineralisation at depth is generally steeper dipping. Further orientation studies are required. • Drill intercepts and true width appear to be close to each other, or within reason allowing for the minimum intercept width of 1m. Yandal Resources Ltd estimates that the true width is variable but probably around 8 0 - 100% of the intercepted widths. • Given the nature of AC and RC drilling, the minimum width and assay is 1m. • Given the highly variable geol ogy and mineralisation including supergene mineralisation and structurally hosted gold mineralisation there is no project wide relationship between the widths and intercept lengths. Diagrams Appropriate maps and sections (with scales) and tabulations of i ntercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. • See Figures 2 - 5 and Table 1 . Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. • Summary results for all holes as 4m AC assay s > 0.1g/t Au are shown in Table 1 , all holes as 1m or less RC/DD assays > 0.10g/t Au for the current drilling. • Diagrammatic results are shown in Figures 2 - 5 . Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock ch aracteristics; potential deleterious or contaminating substances. • There have been no historical Mineral Resource Estimates. • There has been no historic mining at the Gordons Dam or Malone prospects as they are new discoveries . There has been minor historic (early 1900’s) underground workings on a number of lodes in proximity to the Star of Gordon prospect. Further work The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large - scale step - out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. • Additional exploration including AC , RC and DD dril ling and or geophysical surveys to advance known prospects is warranted . Additional exploration drilling is likely if new programs can be approved by the Company .
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