Yandal

Announcements

Roboto

Yandal Resources

We're raising capital to fund our exploration activities and working capital, through two channels running side by side.

The larger piece is a placement of up to 120,000,000 new Yandal shares at A$0.075 each, which would raise approximately A$9.0 million before costs. Most of these shares, 94,246,278, are being issued under our existing placement capacity and are expected to land on or about 6 November 2026. The remaining 25,753,722 shares are subject to shareholder approval, which we'll seek at a meeting, with issue expected around 18 December 2026 if that approval is given.

Alongside the placement, we're offering eligible shareholders the chance to take up more stock through a securities purchase plan, also priced at A$0.075 per share, for up to 13,333,333 shares in total. Individual applications can range from A$2,000 up to A$30,000, and the offer is scheduled to close on 27 November 2026, with shares issued on 4 December 2026. This part of the offer isn't open to shareholders outside Australia and New Zealand.

Canaccord Genuity and Stralis Capital Partners are acting as joint lead managers on the placement.

New shares issued under both the placement and the purchase plan will rank equally with our existing ordinary shares.

If you'd like to understand what this means for you as a shareholder, we're glad to take your questions through the hub.

We've put together a presentation covering our exploration progress and a capital raising to fund the next phase of work, and here's what it means for your investment.

We're raising A$9 million through an institutional placement of 120 million new shares at A$0.075 each, a discount to our recent trading price. Directors have committed to participate for approximately A$0.5 million, subject to shareholder approval at an EGM expected in December. We also intend to run a Share Purchase Plan to raise up to A$1 million, giving existing shareholders a chance to participate on the same terms, opening 6 November and closing 27 November.

The funds, together with existing cash, are earmarked for drilling at our Arrakis discovery, regional soil sampling and target generation, further work at Flushing Meadows, New England Granite/Siona and Mt McClure, plus camp running costs, tenement holding costs, heritage surveys and working capital.

The case for this spend rests on what we've found so far. Arrakis, discovered in 2025, has returned strong intercepts including 20m at 8.7g/t gold, and remains open at depth, with diamond drilling now underway to test that. Siona is also showing encouraging results, with assays still pending across several holes. These sit within our 456km2 Ironstone Well-Barwidgee project, alongside existing resources at Flushing Meadows and Mt McClure.

As with any exploration company, none of this guarantees a deposit will ultimately prove economic, and further results are pending across several programmes. The timetable for the raising is indicative and dates may change.

If you have questions about any of this, we'd encourage you to use the question box on this page.

We've raised $10 million to fund our next phase of exploration, through a $9 million placement to new and existing investors and a $1 million share purchase plan open to eligible shareholders.

The placement has firm commitments for 120 million new shares at $0.075 each, an 8.5% discount to our last traded price of $0.082. Most of this (94.2 million shares, raising $7.1 million) is going ahead now under our existing placement capacity. The remaining $1.9 million, including $500,000 from director participation, needs shareholder approval at an EGM in December 2026.

We're pleased that Gold Fields has backed this raise strongly enough to hold a 19.9% stake in Yandal once the placement completes, alongside support from other major shareholders, institutions, and sophisticated investors.

Eligible shareholders in Australia and New Zealand will also get the chance to apply for between $2,000 and $30,000 of new shares at the same $0.075 price, with no brokerage costs. The SPP offer booklet is expected out on 6 November 2026, opening the same day and closing 27 November 2026, though these dates could shift.

The funds raised, together with our existing cash, will go toward drilling at Arrakis, regional target generation work, and selective drilling at Flushing Meadows, the New England Granite/Siona discovery, and Mt McClure, plus working capital.

Once everything is issued, including the SPP and the shareholder-approved tranche, our total shares on issue are expected to grow from around 382.6 million to around 516.0 million.

If you've got questions about this raise, you're welcome to ask them through our Investor Hub.

Trading in Yandal shares has been halted, at our request, while we prepare an announcement about a capital raising.

The halt started with trading on Wednesday, 28 October 2026 and will stay in place until we release that announcement, or until normal trading resumes on Friday, 30 October 2026, whichever comes first.

We're not aware of any reason the halt shouldn't be granted, and there's no other information available right now beyond what's in this notice.

This is a procedural step tied to a capital raising, and the detail will follow once the announcement is finalised and released to the market. We'll keep you updated as that information becomes available.

If you have questions about this announcement, you're welcome to ask them through our Investor Hub.

This quarter brought some of the best drill results we've seen at our Arrakis gold discovery. A new high-grade zone, Domain C, returned 20 metres at 8.7 grams per tonne gold from 84 metres, including 3 metres at 52.8 grams per tonne, the highest-grade intercept recorded across the entire Ironstone Well-Barwidgee project to date. Diamond drilling has extended this zone around 80 metres further down-plunge, and it remains open at depth.

We've since started a seven-hole, 3,300 metre diamond program to test how far this high-grade mineralisation continues. First results from that deeper drilling, received after quarter end, included 56.6 metres at 1.1 grams per tonne gold from 398.5 metres, a promising sign that mineralisation persists at depth.

Nearby, first drilling at the Anders prospect confirmed gold mineralisation in fresh rock, and framework drilling at Flushing Meadows continues to define mineralisation beneath our existing 268,000 ounce resource. Assays from a broader air-core program across Flushing Meadows and Giedi Prime are expected in November.

We also renewed our board this quarter, with Eduard Eshuys joining as Non-Executive Chair and Andrew Jackson as Non-Executive Director.

We finished the quarter with $3.29 million in cash after a period of heavy exploration spend. On current plans, this funds only part of the next quarter, so we intend to raise further equity capital in the December quarter to support our ongoing programme.

If you have questions about this announcement, you're welcome to ask us through our Investor Hub.

We've appointed Sevan Gore as an independent Non-Executive Director, effective 1 November 2026.

Sevan is a corporate lawyer and Partner at Hall & Wilcox, where he advises ASX-listed and private companies on transactions, capital raisings and governance, with particular depth in mining and resources. Chair Eduard Eshuys has welcomed him to the Board, noting his transactional and capital markets experience will complement the team as we continue advancing our exploration projects.

Board appointments like this matter for a company at our stage. As we look to grow our resource base across Ironstone Well-Barwidgee and Mt McClure, having capital markets and transactional expertise at the Board table supports how we fund and structure that growth.

This appointment doesn't change our project pipeline or financial position. It adds experience to the team overseeing it. Our focus remains on the IWB Gold Project, including the Flushing Meadows resource of 268,000oz of gold and the newer Arrakis and Siona discoveries, and on the Mt McClure Gold Project with its 182,200oz Au resource across three mining leases.

If you'd like to know more about Sevan's background or what this means for the Board going forward, please get in touch through our Investor Hub.

Our Annual General Meeting is coming up, and we'd like to walk you through what's on the agenda.

The meeting will be held on Tuesday, 24 November 2026 at 11:00am (Perth time) at the offices of HLB Mann Judd in Perth. If you'd like to have your say, you can vote online, by mail, by email, by fax, in person, or by appointing a proxy. Proxy votes need to be in by 11:00am (Perth time) on Sunday, 22 November 2026.

Alongside the usual business of receiving our annual financial report and remuneration report, shareholders are being asked to vote on six resolutions. These include the re-election of Gregory Evans as a Non-Executive Director, and the election of Eduard Eshuys as Non-Executive Chair and Andrew Jackson as a Non-Executive Director, both of whom joined the Board on 1 September 2026.

There are also two resolutions dealing with our capacity to issue shares. One asks shareholders to approve additional flexibility to issue up to 10% more equity without further shareholder approval, on top of the standard 15% limit, which is a common mechanism for companies of our size. The other asks shareholders to ratify shares we issued to DDH1 Drilling in June 2026 to settle $250,000 owed for drilling services, rather than paying that amount in cash.

Full details of each resolution, including the Board's recommendations and the specific terms, are set out in the Notice of Meeting and Explanatory Statement, which we'd encourage you to read in full before voting. If you're unsure how to vote, it's worth seeking advice from your own professional adviser.

If you have questions about this announcement, you're welcome to raise them through our Investor Hub.

This update is a notice we're required to publish under the Corporations Act, rather than news from us directly. It tells shareholders about a change in a substantial holder's stake in Yandal.

Regal Partners Funds Management and its associates have reduced their holding in Yandal from 16.57% to 15.52% of our shares on issue. The change came through a series of on-market sell trades between 2 October 2026 and 16 October 2026, totalling just over 3 million shares.

Regal Partners remains a substantial holder in Yandal, holding 59,378,520 ordinary shares. Substantial holder notices like this one are a standard disclosure requirement whenever a holder with more than 5% of the company moves across a full percentage point threshold, and they don't reflect any view from Yandal's board or management on the company's prospects.

If you have questions about this announcement, you're welcome to send them through the question box on this page.

Our diamond drilling at the Arrakis prospect continues to show gold mineralisation extending at depth, and we wanted to bring you up to speed on where things stand across the Ironstone Well-Barwidgee project.

The standout result is from hole 26IWBDD0017, which returned 56.6m at 1.1g/t gold from 398.5m, including a higher-grade section of 29.8m at 1.4g/t. This result pushes the high-grade Domain A another 100m down-dip, which tells us the mineralised system keeps growing the deeper we drill. A second hole, 26IWBDD0016, returned 16.7m at 1.0g/t gold and looks to be close to another high-grade zone.

Six of the seven planned diamond holes in this 3,300m programme have now intersected the target structure, with the final hole and a batch of priority assay results expected in early November. We've also received follow-up drilling results from our Siona and Flushing Meadows prospects, both of which are included in the full announcement.

It's worth being clear on what these results are and aren't. They're exploration results that point to geological potential, not a resource. Our own geologists note that drill spacing at Arrakis isn't yet close enough to confirm the continuity needed for a resource estimate, so more drilling is needed before we can say more about the scale of what we're looking at.

Next up: the remaining Arrakis hole should wrap up the current programme, with an infill drilling campaign planned for early 2027, and a broader soil sampling programme has just started across the southern half of the project.

If you have questions about this announcement, we'd encourage you to ask them through our Investor Hub.

Drilling is underway at Arrakis, where we're testing how far the high-grade gold mineralisation we've found extends at depth. Three of the seven planned diamond holes have been completed, with the full 3,300m program expected to wrap up by early November. Assay results from this round aren't expected until late October.

We've also received results from Anders, a parallel structure sitting about 900 metres from Arrakis. The best intercept was 6m at 2.5g/t gold from 52m depth, including a higher-grade 4m at 3.5g/t. These results confirm that primary gold mineralisation is present in fresh rock here, tied to the same type of altered porphyry rock seen at Arrakis. That gives us a genuine new target to follow up, and we plan to run an air-core drilling programme next to test its scale.

At Flushing Meadows, home to our existing 268,000oz gold resource, two more diamond holes have returned lower-grade intercepts, the best being 13m at 0.5g/t gold from 272m depth. One further hole's results are still pending. A broader air-core programme testing the wider area is expected to deliver results in November.

Alongside all this, we've started a soil sampling programme across the southern half of our Ironstone Well-Barwidgee project to help generate new drill targets.

It's worth remembering these are exploration results, not a resource estimate, and more drilling is needed before we can say how continuous or extensive any of this mineralisation is.

If you have questions about this announcement, please visit our Investor Hub and ask us directly.

FY2026 was the year our exploration effort at Ironstone Well-Barwidgee really scaled up, and the results reflect that. The Arrakis discovery within the Caladan Target Area moved from an emerging find to a substantial mineralised system, with drilling extending mineralisation over roughly 150m and, since year end, returning some of the highest-grade results seen on the project, including 3m @ 52.8g/t Au. Our Mineral Resource Inventory now sits at approximately 450,200 ounces of gold across the portfolio.

We also completed the first systematic test of fresh-rock mineralisation below the Flushing Meadows resource, with several intercepts falling outside the current resource model, and progressed drilling at Siona and Salusa within the New England Granite complex. A new camp at Stilgars has made it easier to run these programs across multiple sites at once.

On the corporate side, we raised approximately $13.5 million in late 2025 and received a further $2.6 million from option exercises, funds that have gone primarily into the drilling programs above. We also sold the non-core Gordons Gold Project to Horizon Minerals for a combination of cash and shares. The net loss for the year was $12.3 million, reflecting the scale of exploration spend, up from $8.2 million the prior year, and we closed the year with $9.7 million in cash.

There have been Board and management changes since year end: Eduard Eshuys has become Non-Executive Chair, Andrew Jackson has joined as a director, and Chris Oorschot has stepped down as Managing Director though he remains CEO until late November 2026 while we search for his successor.

Drilling results point to real geological potential, but it's worth remembering they don't automatically convert into Mineral Resource estimates, and our exploration and capital plans remain subject to the usual funding and operational uncertainties.

If you've got questions about any of this, we'd encourage you to ask us through the question box on this page.

Yandal Resources Ltd recently presented at the Gold Coast Investment Showcase, highlighting key achievements and developments for investors. The company has made multiple new gold discoveries, such as Siona in Oct. 2024 and Arrakis in Sept. 2025, through a geologically driven exploration strategy. With a strong cash position of $14.7m as of March 31, 2026, Yandal is well-equipped for an active exploration campaign in 2026. The company's current resource inventory includes the Flushing Meadows project with 268koz Au and the Mt McClure project with 182koz Au. Management, led by Non-Executive Chair Greg Evans and Managing Director Chris Oorschot, brings decades of experience in the mining and exploration industry.

Yandal's focused strategy for 2026 includes advancing discoveries like Arrakis and Flushing Meadows through targeted drilling programs. The company aims to assess potential mineralisation extensions, refine geological models, and explore for parallel mineralisation to support resource growth. New infrastructure, such as drilling rigs and camp facilities, is already operational, with an accelerated drilling program underway. Yandal Resources presents an exciting opportunity for investors seeking exposure to gold exploration in Western Australia's Yandal and Norseman-Wiluna Greenstone Belts. For further inquiries or detailed information, investors are encouraged to reach out to Managing Director Chris Oorschot through the provided contact details.

Yandal Resources Ltd, listed on the ASX under the ticker symbol YRL, has had a successful fiscal year with revenues showing a significant increase to A$57K, driven by favorable market conditions. Despite a 6% increase in net loss to A$1M, the company remains focused on exploring its gold projects in Western Australia's Yandal and Norseman-Wiluna Greenstone Belts. Key projects include Gordons Project, Ironstone Well and Barwidgee Project, and Mt McClure Project, all aimed at discovering structurally controlled gold mineralization. The company has achieved multiple new gold discoveries like Siona in Oct. 2024 and Arrakis in Sept. 2025, showcasing a strong exploration strategy.

With a cash position of $14.7m as of March 2026, Yandal Resources is well-funded for its active exploration campaign in 2026. The company's current resource inventory stands at 450koz Au, comprising Flushing Meadows (268koz) and Mt McClure (182koz) on granted ML’s. Yandal Resources boasts a competent management team led by experienced individuals like the Non-Executive Chair Greg Evans and Managing Director & CEO Chris Oorschot.

Investors can look forward to ongoing exploration activities, infrastructure developments, and strategic advancements in 2026. The company's focus on unlocking new gold discoveries and building value for stakeholders positions it well for potential growth. Investors are encouraged to engage with the company for further inquiries or updates on their projects and progress.

Yandal Resources Ltd has achieved a second new gold discovery within 11 months at Arrakis, following the Siona discovery in 2024. The company's systematic and geologically driven exploration strategy has led to clear pathways for advancing discoveries and generating resource growth. With a strong cash position of $17.3 million as of December 31st, 2025, the company is fully funded for 2026.

Investments in site infrastructure, including the acquisition of a 21-person exploration camp, are underway to support exploration activities. Yandal's current resource inventory stands at 450koz Au, with Flushing Meadows holding 268koz and Mt McClure holding 182koz on granted ML's. The company is focused on accelerating activities in 2026 and targeting over 1Moz discoveries with potential for Mineral Resource growth.

Yandal Resources, positioned well in early 2026, is a gold-focused exploration company with projects in the tier-1 Yandal Greenstone Belt of Western Australia. Investors are encouraged to reach out for more information and to ask any questions they may have about the company's latest developments and strategies. Visit the InvestorHub at https://investorhub.yandalresources.com.au for further details.

In the recent investor update released on 25th November 2025, Yandal Resources Ltd highlighted significant achievements. The company announced the second new gold discovery within 11 months at Arrakis, following the Siona discovery in October 2024. These outcomes were generated through a systematic and geologically driven exploration strategy, enhancing understanding of the geological potential within the Yandal Greenstone Belt. Yandal also divested the Gordons Gold Project to focus on larger-scale exploration opportunities.

The company reported a current resource inventory of 450koz Au, including Flushing Meadow (268koz) and Mt McClure (182koz) on granted mining leases. With a strong cash position and well-supported capital raising, Yandal is fully funded into 2026. The competent persons statements included in the announcement underscore the expertise and qualifications of the team behind the exploration efforts.

Yandal Resources operates as a gold-focused exploration company, targeting substantial gold resources in areas with clear monetization pathways. The business model aims to increase shareholder value through the discovery of major gold resources, with a specific focus on >1Moz discovery opportunities. With multiple near-term catalysts and ongoing exploration activities, Yandal Resources remains committed to unlocking value and delivering gold discoveries in the Yandal Belt. Investors are encouraged to reach out for further information or insights on the company's progress.

Date	Headline
30 Oct 2026 9:48 AM	Proposed issue of securities - YRL
30 Oct 2026 9:48 AM	Company Update and Capital Raising Presentation
30 Oct 2026 9:48 AM	$10m Placement and SPP to Expand and Accelerate Exploration
28 Oct 2026 9:09 AM	Trading Halt
27 Oct 2026 7:36 PM	Quarterly Activities/Appendix 5B Cash Flow Report
27 Oct 2026 8:18 AM	Director Appointment
22 Oct 2026 2:58 PM	Notice of Annual General Meeting/Proxy Form
20 Oct 2026 4:58 PM	Change in substantial holding
19 Oct 2026 8:07 AM	Arrakis Results Extend Gold Mineralisation at Depth
8 Oct 2026 10:59 AM	Diamond Drilling Recommences at Arrakis

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