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Yandal Resources Ltd. ( (AU:YRL) ) has issued an update.
Yandal Resources Ltd reported significant progress in its exploration activities during the December 2024 quarter, particularly with the discovery of gold at the Siona Prospect in the New England Granite region. The company completed several reverse circulation (RC) and air-core (AC) drillings, revealing promising mineralization that suggests potential for new gold discoveries. Financially, Yandal Resources ended the quarter with approximately $9.8 million in cash and raised an additional $5.5 million through the exercise of options, ensuring robust capital for continued exploration efforts in 2025.
More about Yandal Resources Ltd.
Yandal Resources Ltd is a company focused on exploring its gold projects located in the Yandal and Norseman-Wiluna Greenstone Belts in Western Australia. The company aims to explore highly prospective, 100% owned gold projects within these regions.
YTD Price Performance: -22.86%
Average Trading Volume: 663,483
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$41.75M
See more data about YRL stock on TipRanks’ Stock Analysis page.
