Yandal Resources Ltd. · ASX:YRL
Yandal Resources — Investor Presentation (June 2020)
21 slides from Yandal Resources's investor presentation, Jun 2, 2020
Slide 1: Target “Tier 1” Gold Deposits in Western Australia
yandalresources.com.au Target “Tier 1” Gold Deposits in Western Australia GOLD DISCOVERY and DEVELOPMENT INVESTOR UPDATE June Quarter Update, 2020
Slide 2: Forward Looking and Competent Persons Statement
Forward Looking and Competent Persons Statement FORWARD LOOKING STATEMENT This presentation has been prepared by Yandal Resources Ltd (“YRL”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been deriv
Slide 3: Capital Structure
Capital Structure Total Shares on Issue 66.85M Options @ 25-27c 13.13M Cash (Est. end May 2020) 3.80M Share Price (High $0.34) $0.25 23% 26% Board & Founders Market Cap $16.7M 7% Vendors 29% Northern Star Resources Top 20 Holding ~77% 15% High Net Worth Retail A tight and strategic share register. 3
Slide 4: Unlocking Value for Shareholders
Unlocking Value for SHAREHOLDERS Potential new discovery at Gordons Dam near Kalgoorlie W.A. – high grade gold at depth has been intercepted with limited RC drilling in bedrock Recent AC drilling has extended the interpreted strike length of bedrock mineralisation to ~700m and it is open in all dire
Slide 5: Gold Projects
Gold Projects High quality projects in proven Western Australian Greenstone Belts; Significant unmined gold deposits and drilled mineralisation on major structures that are open & underexplored; Early success at Flushing Meadows and now Gordons Dam is emerging – just two of many advanced prospects;
Slide 6: Gordons Gold Project
Gordons Gold Project <20km by existing roads from two operating processing facilities in Kalgoorlie (Paddington and Kanowna Belle); Oxide and primary targets on geological contacts between mafic, ultramafic and porphyry rocks; Recent high grade RC drill intercepts at Gordons Dam have elevated this p
Slide 7: Gordons Dam Prospect
Gordons Dam Prospect Shallow oxide Resource RC drilling is to continue on YRLRC01931 11m @ 1.89g/t Au (97m) incl. north-east and south-west - 1m @ 17.01g/t Au (97m) Open at extensions of paleochannel to ~ 350m length; YRLRC00192 8m @ 7.33g/t Au (35m) incl. Depth - 1m @ 47.96g/t Au (36m) New Air-core
Slide 8: Gordons Dam X-section
Gordons Dam X-section Surficial cover to ~30m depth has hidden the mineralisation; Results from RC drilling to test bedrock over 150m of strike have been highly encouraging; Pervasive and zoned alteration 5m @ 2.44g/t Au (40m) incl.1 assemblages characteristic of known -2m @ 5.07g/t Au1 ore deposits
Slide 9: Ironstone Well & Barwidgee
Ironstone Well & Barwidgee 55km strike of contiguous mining tenements over the prospective Yandal Greenstone Belt (472km 2 ); Contains multiple historic gold deposits 40-70km from the Jundee, Bronzewing and Wiluna gold plants; Major gold bearing structures have received virtually no exploration for
Slide 10: Flushing Meadows Prospect
Oblique Flushing Meadows Prospect Occurs along the major regional structure the E53/1882 E53/1963 Barwidgee Shear Zone in deeply weathered terrain; Flushing Meadows Extensive gold system with excellent potential Quarter to grow current JORC Resource 1. Resource Above 0.5g/t Au lower cut-off Moon Mat
Slide 11: Flushing Meadows Continued
Flushing Meadows Continued The deposit has been modelled for 1.8km along strike and to an average of 130m depth; 5,000m infill RC drilling for MRE update, mine design and approvals completed in late May – results pending; Recent RC drilling has generated outstanding oxide intervals; 16m @ 2.26g/t Au
Slide 12: Flushing Meadows Continued
Flushing Meadows Continued Open mine development activities well advanced; Additional Mining and Miscellaneous licences applied for to cover entire MRE and part of proposed haulage route to 3rd party processing facilities; Geotechnical and hydrogeological drilling and drilling has been designed and
Slide 13: Barwidgee Shear Zone
Barwidgee Shear Zone The Barwidgee Shear Zone is a mineralised major regional structure; 12km along strike north and south from Flushing Meadows is ineffectively tested in most areas – reconnaissance Air-core drilling program to recommence in September Quarter; New success at Flushing Meadows North
Slide 14: Barty Prospect
Barty Prospect Numerous surface gold occurrences defined by auger-soil sampling and extensive recent gold detecting activities1; North east mineralised trend is >4km long and consists of multiple parallel zones – most historic drilling is shallow and considered ineffective; Southern Bullseye Anomaly
Slide 15: Mt McClure Project Overview
Mt McClure Project Overview Deposits located 10-28km from the Bronzewing mill; Extensive gold system with excellent potential for Resources at depth – mineralisation occurs >8km strike; >100,000 oz of historic production from three shallow oxide open pits to a maximum of 80m; The Success Deposit (Op
Slide 16: Mt McClure Success X-Section
Mt McClure Success X-Section Success was open pit mined between 1993 - 2010 for ~38,000oz to ~80m vertical depth; Historic high grade primary intercepts included; 5m @ 16.08g/t Au; and 5m @ 11.56g/t Au at the base of the pit; These combined with unmined intercepts at depth indicate potential to defi
Slide 17: Mt McClure Success Long Section
Mt McClure Success Long Section Consistent, thick and open orebody with limited drilling beneath 150m. 1 Refer to YRL’s Replacement Prospectus dated 19 November 2018 and lodged on the ASX 12 December 2018 17
Slide 18: Board
Board LORRY HUGHES BSc (Geol) MAusIMM KATINA LAW BCom, CPA, MBA, GAICD MANAGING DIRECTOR NON EXECUTIVE CHAIR Mr Hughes is an Economic Geologist with over 25 years’ Ms Law has over 25 years’ experience in the mining experience and was recently Executive Director of industry covering corporate and sit
Slide 19: Management Team
Management Team LORRY HUGHES BSc (Geol) MAusIMM DR MICHAEL RUANE Ph.D., MRACI ANDREW BALD MANAGING DIRECTOR TECHNICAL CONSULTANT CORPORATE ADVISORY Mr Hughes is an Economic Geologist with over 25 years’ Dr. Ruane has an extensive history as a successful Executive Mr Bald is the Executive Director of
Slide 20: Yandal Resources Investment Summary
Yandal Resources Investment Summary YRL has high quality gold projects advancing toward production and discoveries – targeting “Tier 1” gold deposits; Strategy 1- to rapidly build JORC Resources and develop mines; Strategy 2- define and drill test our best Greenfields targets to make new discoveries
Slide 21: Contact Information
Contact Information 159 Stirling Highway Nedlands, WA 6009 PO Box 1104 Nedlands, WA 6909 P: +61 8 9386 4699 F: +61 8 9386 9473 Share Registry Grosvenor Place lorry.hughes@yandalresources.com.au Level 12, 225 George Street www.yandalresources.com.au Sydney, NSW 2000 Panthea Capital Andrew Bald – Prin