Yandal Resources: Strengthening Exploration with AU$13.5 million Placement

Yandal Resources Limited (ASX: YRL) has secured AU$13.5 million through a share placement, issuing 46.4 million shares at AU$0.29 each. The raise attracted strong backing from institutional, professional, and major shareholders, highlighting confidence in Yandal’s growth strategy. After settlement, the company expects to hold AU$16.1 million in cash, with additional inflows anticipated from the AU$2.81 million sale of the Gordons Project and potential option conversions worth up to AU$2.6 million.

The capital raised will drive faster exploration across Yandal Resources’ priority projects within Western Australia’s Yandal Greenstone Belt. Priorities include advancing work at the Caladan target area, the Arrakis Prospect, and the Ironstone Well–Barwidgee Gold Project, particularly at the New England Granite and Flushing Meadows deposits. With substantial progress already achieved, Yandal aims to build shareholder value through discovery, positioning itself strongly in one of Australia’s most prospective gold regions.

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