PHASE 2 DRILLING WRAPS AT OBLIQUE PROSPECT

Yandal Resources Anticipates Fresh Rock Intercept Results

Yandal Resources (ASX:YRL) has concluded the November 2023 RC drilling program at the Oblique Prospect within the Ironstone Well – Barwidgee Gold Project. This latest phase of exploration included 14 holes and three re-entries, amounting to a total of 2,574m drilled. Key achievements of this phase were multiple fresh rock intercepts through the targeted magnetic stratigraphy.

The magnetic stratigraphy is now believed to be linked with a laterally continuous chlorite-magnetite altered volcaniclastic, spanning a true width of 20m to 35m. Initial results from this exploration are slated to arrive between late December 2023 and early January 2024.

Yandal Resources’ Managing Director, Mr. Tim Kennedy, commented on the progress:

Despite challenging drilling conditions, the team and our drilling partners were able to complete a majority of the planned program successfully. With the increased number of fresh rock intercepts, the Company’s geological understanding of the prospect has grown substantially with each completed RC hole. The widths and strike extent of the relatively rigid chlorite-magnetite altered unit observed in this phase of drilling is very encouraging. We look forward to receiving and interpreting results in the coming weeks.

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