Yandal Resources Ltd. · ASX:YRL
Yandal Resources — Investor Presentation (September 2022)
28 slides from Yandal Resources's investor presentation, Sep 21, 2022
Slide 1: Driving Resource Growth and Discovery in WA's Tier One Gold Belts
DRIVING RESOURCE GROWTH AND DISCOVERY IN WA’s TIER ONE GOLD BELTS Investor Update | September 2022 | ASX: YRL 1
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 ("Yandal” or “YRL”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document ha
Slide 3: Seeking Tier 1 Gold Deposits
SEEKING TIER 1 GOLD DEPOSITS GOLD EXPLORER WITH COMMANDING ACREAGE IN TWO OF WA’S MOST PROLIFIC GOLD PRODUCING BELTS Prospects with large All projects close to Strategically located Resource base; discovery potential in local infrastructure in proven gold belts currently 404,000oz areas with little
Slide 4: Capital Structure
CAPITAL STRUCTURE A STRONGLY SUPPORTIVE SHARE REGISTER % Total Shares Board & Founders 7% SHARES ON ISSUE OPTIONS @ 65c Gold Road Au Xingao 116.09 m 7.95 m 41% 20% Regal Funds Datt Capital 14% Avenira Limited Other 4% 7% 7% CASH SHARE PRICE SHARE PRICE AND VOLUME $3.73m $0.16 *As at 30 June 2022 *As
Slide 5: Experienced Board & Management
EXPERIENCED BOARD & MANAGEMENT EXPLORATION & DEVELOPMENT | PROJECT FINANCE | CORPORATE GOVERNANCE TIM KENNEDY BApp Sc (Geol), MBA, MAusIMM, MGSA MANAGING DIRECTOR & CEO Mr Kennedy is a geologist with +35-year career in the mining industry, including extensive involvement in the exploration, feasibil
Slide 6: Undeveloped Gold Projects with Significant Potential
UNDEVELOPED GOLD PROJECTS WITH SIGNIFICANT POTENTIAL Mt McClure >12km long gold system located on granted mining leases ▪ ca.100,000 oz @ 3g/t Au historically mined from three shallow oxide open pits to a maximum depth of 60-100m. Mt McClure Camp total +1.8Moz ▪ Current Resource Inventory of 136,000
Slide 7: Yandal Belt Overview
YANDAL BELT OVERVIEW Proven Tier 1 Gold Belt: ▪ Jundee/Nimary: +10Moz ▪ Bronzewing: 2.3Moz ▪ Darlot/Centenary +4Moz Much previous exploration ineffective ▪ Less than 2% outcrop and complex regolith/cover ▪ Historic shallow vertical RAB/AC often did not test bedrock Yandal has 3 strategically located
Slide 8: Mt McClure | Overview
MT MCCLURE | OVERVIEW ▪ >12km long gold system on granted mining leases located adjacent to Northern Star’s (ASX: NST) Orelia development ▪ > 100,000 oz @ ca. 3 g/t Au historically mined from shallow oxide open pits to a maximum depth of 60 - 100m (total Mt McClure mining center endowment >1.8Moz).
Slide 9: Mt McClure | Nearby Developments
MT MCCLURE | NEARBY DEVELOPMENTS Orelia ▪ Located 10km north of Success in similar structural setting (hanging wall sequence to Mt McClure fault) ▪ Acquired by Northern Star via $193m takeover of Echo Resources in 2019 ▪ Currently being trucked to Thunderbox mill ▪ 2019 BFS1 ▪ Total Mineral Resource
Slide 10: Mt McClure | Success
MT MCCLURE | SUCCESS ▪ Inferred Mineral Resource of 1,255,000t @ 1.9g/t Au for 75,000oz reported above 1.0g/t Au lower cut-off grade1. A ▪ MRE includes mineralisation beneath historic Success pit which was mined 80m to a maximum depth of 80m. ▪ Gold mineralisation envelopes defined to a maximum vert
Slide 11: Mt McClure | Challenger
MT MCCLURE | CHALLENGER ▪ Inferred Mineral Resource of 718,000t @ 1.9g/t Au for 44,000oz reported above 1.0g/t Au lower cut-off grade1. Challenger Central Challenger North Admiral Gifford Challenger South ▪ MRE includes mineralisation beneath (Challenger Far South) Max pit historic historic Challeng
Slide 12: Mt McClure | Parmelia
MT MCCLURE | PARMELIA ▪ Inferred Mineral Resource of 252,000t @ 2.1g/t Au for 17,000oz reported above 1.0g/t Au lower cut-off grade1. A ▪ MRE includes mineralisation beneath historic Parmelia pit which was mined to a maximum depth of 100m. ▪ Gold mineralisation envelopes defined to a maximum vertica
Slide 13: Mt McClure | Opportunities
MT MCCLURE | OPPORTUNITIES ▪ Most historic work in YRL tenure has been focused along the Success to Challenger line in the Ultramafic “marker” horizon Orelia (NST) stratigraphic footwall to the ultramafic “marker” with 1.07Moz little investigation outside of this ▪ The “Orelia” line and Dragon to th
Slide 14: Mt McClure | Strategy
MT MCCLURE | STRATEGY There is clear scope to establish a significant resource inventory within the Mt McClure Project Bronzewing (NST) > 4Moz Strategy Orelia (NST) 1.07Moz ▪ Define and quantify resources immediately beneath open Success pits as identified by current drilling (completed) ▪ Confirm h
Slide 15: Ironstone Well & Barwidgee
IRONSTONE WELL & BARWIDGEE ▪ Located along the western flank of the Tier 1 Yandal Greenstone Belt ▪ Strategically positioned 30km from Jundee and 38km from Wiluna with nearby haulage infrastructure Jundee ▪ Includes important regional structures and >10Moz ASX: NST numerous subordinate structures wi
Slide 16: Barwidgee | Overview
BARWIDGEE | OVERVIEW DRILLING > 50m & angled ALL DRILLING ▪ Numerous mafic and granite contact related targets ▪ Sim’s Find is most advanced prospect High-grade intercepts at Sims Find 8m @ 24.3g/t Au incl. 1m @ 129.0g/t (9m) 1 3m @ 20.9g/t Au incl. 1m @ 62.2g/t (30)m 1 5m @ 6.5g/t Au incl. 1m @ 30.
Slide 17: Barwidgee | Priority Drill Targets
BARWIDGEE | PRIORITY DRILL TARGETS Sims Find ▪ High-grade gold mineralisation tested over 400m Bill’s Find Historic Production 190kt @ 4.0g/t Au ▪ Total of 3km of prospective strike (NW & SE) ▪ Dolerite host unit (brittle, iron-rich) located along subordinate structure YRLRC1014 1m @ 10.2g/t Au from
Slide 18: Barwidgee | Priority Drill Targets
BARWIDGEE | PRIORITY DRILL TARGETS Cash ▪ Immediately along strike from Northern Star’s Corboy’s Deposit Slingshot ▪ Located on flexure in granite-greenstone contact (competency Prospect contrast and structural complexity) ▪ Similar setting and magnetic signature to Corboys Barwidgee Shear ▪ Very li
Slide 19: Ironstone Well | Overview
IRONSTONE WELL | OVERVIEW ▪ Located on the Barwidgee Shear Zone; a major DRILLING >50m & angled ALL DRILLING regional structure controlling mineralisation ▪ Strike length of 24km of prospective trend ▪ Limited effective drilling outside of the historic deposit areas ▪ Flushing Meadows ▪ Inferred Res
Slide 20: Gordons | Overview
GORDONS | OVERVIEW ▪ 56 km² area located in a premier gold producing jurisdiction; 30km from Kalgoorlie ▪ Situated on the Eastern flank of the Scotia-Kanowna Dome; similar geological setting to Kanowna Belle (+6.4M Oz) and Paddington (+1Moz) ▪ Within haulage distance to multiple gold processing plan
Slide 21: Gordons | Key Prospects
GORDONS | KEY PROSPECTS Malone ▪ Gold related to felsic – mafic contact Recent intercepts ▪ 600m trend of high-grade intercepts 3m @ 8.2g/t Au including 1m @ 22.0g/t from 130m8 ▪ Recent RC and DDH drilling has returned high- 16m @ 2.8g/t Au including 5m @ 7.7g/t from 210m 5 grades 300m east of ‘Kink
Slide 22: Gordons | Strategy
GORDONS | STRATEGY DRILLING HAS REVEALED STRONG MINERALISATION ACROSS PRIORITY PROSPECTS Strategy ▪ Complete MRE for Gordons Dam and assess opportunities for expansion ▪ Determine controls on high grade mineralisation at Malone and Star of Gordon and test for extensions ▪ Drill test emerging prosect
Slide 23: Planned Drilling
PLANNED DRILLING Completed Assays Awaited Priority & Objectives Project Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 • Test for extensions to existing resources RC Site prep & logistics FW & HW targets MRE drilling targeting strike extensions and higher grade zones MRE and new targ
Slide 24: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Substantial Resource inventory (404,000oz) in Tier 1 Yandal gold belt near to current mining operations Immediate opportunity at Mt McClure to expand Resource base at low discovery cost Emerging high-grade gold discovery at Sims Find covering a >2km strike length Planned dr
Slide 25: For further information contact Tim Kennedy
For further information contact Tim Kennedy yandal@yandalresources.com.au Website Telephone Address yandalresources.com.au +61 (0)8 9389 9021 159 Stirling Highway, Nedlands WA 6009
Slide 26: Appendix 1 | Prospect Pipeline
APPENDIX 1 | PROSPECT PIPELINE Pipeline of ~50 prospects under evaluation Feasibility/Evaluation/Mining Prospects with planned H2 CY22 drilling highlighted in red Flushing Meadows Success Resource Definition Gordons Parmelia Dam Challenger Malone Oblique Sims Find The Cleft Quarter Advanced Prospect
Slide 27: Appendix 2 Phase 1 Drilling | Mt McClure | Aug-Oct 2022
APPENDIX 2 PHASE 1 DRILLING | MT MCCLURE | AUG-OCT 2022 Mt McClure Project Prospect Drilling Type Target Summary HMS Sulphur RC Previous drilling at HMS Sulphur to the north of Success has identified significant mineralisation in a footwall horizon (YRLRC401: 8m @ 3.25 g/t Au from 73m and open at De
Slide 28: Appendix 2 Phase 1 Drilling | Barwidgee and Ironstone Well
APPENXIX 2 PHASE 1 DRILLING | BARWIDGEE AND IRONSTONE WELL Barwidgee Project Ironstone Well Prospect Drilling Target Summary Prospect Drilling Target Summary Type Type Cash RC Drilling is aimed to systematically test Newport RC Northern Strike extent of the Flushing 1.6km target horizon Meadows reso
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