YANDAL RESOURCES LIMITED — Capital/Financing Update 2021

Sep 27, 2021

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ASX Announcement 28 September 2021

Further Significant Drilling Results Returned from the Gordons Gold Project

• Reconnaissance RC and Air-core drilling continues to demonstrate the potential to make new gold discoveries at multiple prospects near Kalgoorlie in Western Australia, highlights include

– Star of Gordon Prospect RC drilling

• ➢ 10m @ 8.4g/t Au from 43m including 1m @ 52.5g/t Au (YRLRC630) located directly down dip from recent RC intercepts;

• ➢ 8m @ 4.7g/t Au from 15m including 1m @ 13.3g/t Au (YRLRC513)[1]

• ➢ 10m @ 2.5g/t Au from 27m including 1m @ 8.6g/t Au (YRLRC514)[1]

• ➢ Extensional drilling to 180m vertical depth completed – results pending

– Malone Prospect RC drilling

• ➢ 8m @ 1.3g/t Au from 88m including 2m @ 2.0g/t Au (YRLRC619)

• ➢ 8m @ 0.8g/t Au from 144m including 1m @ 4.6g/t Au (YRLRC638A)

• ➢ 20m @ 0.6g/t Au from 92m and 4m @ 0.6g/t Au from 140m to end-of-hole (YRLRC638 – 4m composite assay)

• ➢ Additional RC and diamond holes completed – results pending

– - Malone Prospect Air core drilling

• ➢ 7m @ 0.3g/t Au from 37m including 1m @ 0.9g/t Au (YRLAC653)

• ➢ 6m @ 0.8g/t Au from 43m including 1m @ 4.1g/t Au and 4m @ 2.3g/t Au from 53m including 1m @ 8.8g/t Au (YRLAC657)

• ➢ Multiple significant four metre composite intercepts have been returned from the end of another 13 new holes generating new priority RC targets

– Bradman Prospect RC drilling

• ➢ 32m @ 0.2g/t Au from 80m, 12m @ 2.2g/t Au from 256m including 4m @ 5.2g/t Au and 4m @ 1.8g/t Au from 284m (YRLRC646 – 4m composite assay)

– The Cleft Prospect RC drilling

• ➢ 2m @ 14.4g/t Au from 88m including 1m @ 24.3g/t Au (YRLRC610)

• ➢ 1m @ 2.7g/t Au from 142m (YRLRC609B)

• RC drilling is continuing at the Gordons Dam and Star of Gordons prospects until numerous Aircore, RC and diamond drilling results are received from the Malone, Andrews and Bradman prospects in order to evaluate and prioritise new drilling targets.

1 Refer to YRL ASX announcement dated 1 July & 27 May 2021.

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Registered Address Yandal Resources Limited ACN 108 753 608 ABN 86 108 753 608

A 159 Stirling Highway Nedlands WA 6009 P PO Box 1104 Nedlands WA 6909

Board Members Gold Projects Lorry Hughes Managing Director/CEO Ironstone Well (100% owned) Katina Law Non-Executive Director Barwidgee (100% owned) Tim Kennedy Chairman Mt McClure (100% owned) Bianca Taveira Company Secretary Gordons (100% owned) Shares on Issue 100,439,953 T +61 8 9389 9021 Share Price $0.49 E yandal@yandalresources.com.au Market Cap $49M W www.yandalresources.com.au ASX Code YRL

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Yandal Resources Ltd (ASX: YRL , “Yandal Resources” or the “Company”) is pleased to provide an update on exploration activities at the 100%-owned Gordons gold project in Western Australia (Figure 1).

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Figure 1 – Yandal Resources’ gold project locations.

Star of Gordon Prospect

The prospect is located 2km directly NNW along strike from the Gordon Sirdar underground gold mine which is owned and operated by FMR Investments Pty Ltd (“FMR”) (Figure 4). FMR are currently mining ~60,000t of ore per month using conventional underground mining methods and transporting the ore via road haulage for processing at their mill in Coolgardie.

Individual 1m fire-assay results have been received from five of nine reverse circulation (“RC”) holes for 1,650m completed during the June and September Quarters to follow-up reconnaissance RC drilling results over a 1.4km strike length[1] (Figures 2 & 3). Four metre composite results have also been returned from one hole (YRLRC0632). The holes have returned some highly encouraging downhole results from shallow depths including;

• ➢ 10m @ 8.4g/t Au from 43m including 1m @ 52.5g/t Au (YRLRC630) ➢ 12m @ 1.1g/t Au from 44m including 4m @ 3.0g/t Au (YRLRC632)[2]

• ➢ 9m @ 0.9g/t Au from 54m including 1m @ 1.8g/t Au (YRLRC629)

• ➢ 2m @ 1.0g/t Au from 14m including 1m @ 1.2g/t Au (YRLRC628)

The high-grade intercept in hole YRLRC630 is particularly encouraging as it is part of a broader transitional and bedrock intercept of 45m @ 2.0g/t Au from 18m and is located directly down dip from significant intercepts in holes YRLRC513 and 514 as follows;

• ➢ 8m @ 4.7g/t Au from 15m including 1m @ 13.3g/t Au (YRLRC513)[1] ➢ 10m @ 2.5g/t Au from 27m including 1m @ 8.6g/t Au (YRLRC514)[1] .

1 Refer to YRL ASX announcement dated 1 July & 27 May 2021, 2 A composite assay result.

ASX Announcement 28 September 2021

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A A’
Proposed Infill
RC Drill hole
45m @ 2.0g/t Au (18m) incl.
-10m @ 8.4g/t Au (43m)
-2m @ 35.3g/t Au (50m)
8m @ 4.7g/t Au (15m) [1] incl. -1m @ 18.0g/t Au (50m)
-6m @ 5.9g/t Au (15m) -1m @ 52.5g/t Au (51m)
-2m @ 10.2g/t Au (19m)
-1m @ 13.3g/t Au (19m)
10m @ 2.5g/t Au (27m) [1] incl.
-1m @ 4.4g/t Au (31m) Assays
-2m @ 6.9g/t Au (34m) Pending
-1m @ 8.6g/t Au (35m)
-2m @ 2.5g/t Au (41m)
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Figure 2 – Cross Section plan of the Star of Gordon gold prospect (refer Figure 3 for location).

The depth to fresh rock is very shallow (20-40m) in the Star of Gordon prospect area and RC and diamond drilling is required to assess the depth potential. To date gold mineralisation has been intersected within strongly oxidised to transitional material and in primary rocks. The mineralisation is contained within disseminated sulphides and quartz veins within a mafic package that is interpreted to be partially intruded by porphyry and dolerite rocks.

As an immediate follow-up to the shallow high-grade intercepts a three hole RC program to provide an initial test of the depth potential was undertaken. The holes were drilled vertically to depths of 180m and the geology encountered is interpreted to have confirmed the relatively shallow dip of the mineralised zone.

Sulphides and quartz veining have been noted by rig geologists in the vicinity of the target zone which could indicate gold mineralisation extends up to 250m down dip – assays pending.

Preparation to conduct new heritage surveys to cover the entire Star of Gordon area at an advanced stage and a survey is planned to commence in the December Quarter. Approvals to conduct substantial new infill and extensional RC drill programs including initial diamond drilling is also underway. It is currently anticipated that extensional RC drilling will recommence in October.

1 Refer to YRL ASX announcement dated 1 July & 27 May 2021.

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OPEN ALONG
3m @ 0.4g/t Au (25m) [1] incl.
STRIKE
-1m @ 1.1g/t Au (25m)
45m @ 2.0g/t Au (18m) incl.
-10m @ 8.4g/t Au (43m)
-2m @ 35.3g/t Au (50m)
-1m @ 18.0g/t Au (50m)
Priority drilling -1m @ 52.5g/t Au (51m)
8m @ 0.3g/t Au (24m) area
12m @ 1.1g/t Au (44m) incl.
-4m @ 3.0g/t Au (48m) OPEN DOWN
DIP
2m @ 0.5g/t Au (0m)
YRLRC514
10m @ 2.5g/t Au (27m) [1] incl.
-1m @ 4.4g/t Au (31m)
-2m @ 6.9g/t Au (34m)
-1m @ 8.6g/t Au (35m) 9m @ 0.9g/t Au (54m) incl.
-2m @ 2.5g/t Au (41m) -1m @ 1.7g/t Au (54m)
-1m @ 1.8g/t Au (61m)
YRLRC513
8m @ 4.7g/t Au (15m) [1] incl. Figure 2 2m @ 1.0g/t Au (14m)
-6m @ 5.9g/t Au (15m)
-2m @ 10.2g/t Au (19m)
-1m @ 13.3g/t Au (19m) 11m @ 0.5g/t Au (14m) [1] incl.
-1m @ 1.2g/t Au (18m)
-1m @ 1.0g/t Au (21m)
5m @ 1.0g/t Au (35m) [1] incl.
-1m @ 2.7g/t Au (39m) Potential for sub-parallel structures
3m @ 2.1g/t Au (61m) [1] incl.
-1m @ 3.7g/t Au (62m)
4m @ 0.9g/t Au (40m) [1] incl.
-1m @ 3.0g/t Au (41m)
3m @ 1.1g/t Au (59m) incl.
-1m @ 1.8g/t Au (61m)
2m @ 1.6g/t Au (51m) [1] incl.
-1m @ 2.6g/t Au (51m)
6m @ 1.4g/t Au (94m) [1] incl.
-1m @ 6.1g/t Au (96m) 9m @ 0.4g/t Au (24m) [1] incl.
-1m @ 1.4g/t Au (26m)
20m @ 0.8g/t Au (14m) [1] incl.
-5m @ 2.4g/t Au (21m)
-1m @ 4.7g/t Au (22m)
-1m @ 3.1g/t Au (23m)
2m @ 1.9g/t Au (10m) [1] incl.
-1m @ 2.3g/t Au (11m)
-1m @ 1.6g/t Au (50m)
2m @ 1.3g/t Au (18m) [1] incl.
-1m @ 1.7g/t Au (19m)
-1m @ 1.1g/t Au (71m)
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Figure 3 – Plan view drill collar map for the Star of Gordon prospect coloured by maximum gold grade projected to the drill collar, recent/new downhole intercepts and follow-up holes with assays pending[1] .

1 Refer to YRL ASX announcement dated 1 July & 27 May 2021.

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Inset Map
refer Figure 5
Inset Map
refer Figure 3
YRLRC610
2m @ 14.4g/t Au (88m) incl.
-1m @ 24.3g/t Au (88m)
YRLRC609B
1m @ 2.7g/t Au 142m)
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YRLRC646 [1 ]
12m @ 2.2g/t Au (256m) incl.
-4m @ 5.2g/t Au (260m)
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1 A composite assay result.

Figure 4 – Location map of key prospects within the Gordons Gold project in relation to nearby operating third party gold mines, project tenure and regional geology.

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Malone, Gordons Dam, Andrews and Bradman Prospects

At the Malone Prospect (Figures 4 & 5) individual 1m fire-assay results have been received from 13 reconnaissance reverse circulation (“RC”) holes and composite aqua-regia assays have been received from one hole (Total of 2,239m). The holes were completed in the June and September Quarters and have returned some encouraging results including;

• ➢ 8m @ 1.3g/t Au from 88m including 2m @ 2.0g/t Au (YRLRC619)

• ➢ 8m @ 0.8g/t Au from 144m including 1m @ 4.6g/t Au (YRLRC638A)

• ➢ 20m @ 0.6g/t Au from 92m and 4m @ 0.6g/t Au from 140m to end-of-hole (YRLRC638)[2] .

Several additional RC holes have been completed to test for extensions to mineralisation at depth and along strike from mineralisation related to the Malone felsic-mafic contact (Figure 5). The area initially tested equates to ~3km along strike – assays pending.

A four hole diamond drilling program for 1,852.2m was completed in September to test depth extensions and improve the geological understanding of the area in a jog position of the Malone contact where highgrade oxide and primary RC intercepts had previously been discovered[1] .

Three holes (YRLDD0009-11) were drilled on the same west-east section and YRLDD0013 was located on a west-east section a further 200m north along strike (Figure 5). All holes were drilled towards the southwest and successfully intersected the felsic-mafic contact penetrating well into the mafic sequence.

The felsic unit consists of an aphanitic (very fine grained) rhyolitic extrusive and it is located in the hangingwall to a mafic package of volcanogenic sediments (siltstone/sandstone/agglomerate) and pillow basalts which have been intruded by several phases of porphyry rocks. Widespread disseminated, quartzvein and shear/fault hosted sulphides occur throughout the entire mafic package and within a number of porphyry units. The system is strongly carbonate-sericite-pyrite altered and contains intense quartz veining oriented in multiple directions.

Assay results have been returned from hole YRLDD0009 & 10 with multiple low level gold intervals defined within several units (Table 1). Highlights include;

YRLDD0009

• ➢ 0.40m @ 1.3g/t Au from 107.30m

• ➢ 1.05m @ 0.5g/t Au from 116.25m ➢ 1.15m @ 0.6g/t Au from 253.55m

YRLDD0010

• ➢ 3.70m @ 0.3g/t Au from 82.00m including 1.00m @ 0.8g/t Au ➢ 2.00m @ 0.5g/t Au from 287.10m

• ➢ 0.40m @ 1.7g/t Au from 361.65m

The core from the remaining two holes is currently undergoing geological logging, cutting and assaying with results anticipated during the December Quarter.

1 Refer to YRL ASX announcement dated 1 July & 27 May 2021. 2 A composite assay result.

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GORDONS
Diamond hole DAM
YRLDD0012
(assays pending)
20m @ 0.6g/t Au (92m) [1]
4m @ 6.6g/t Au from 140m to EOH
Shallow Resource
drilling area
Diamond hole
YRLDD0013
(assays pending)
Diamond hole
YRLDD0011
(assays pending)
MALONE Diamond holes
YRLDD0009 & 10
(Table 1)
8m @ 1.3g/t Au (88m) incl.
-2m @ 2.0g/t Au
6m @ 0.8g/t Au (43m) incl.
-1m @ 4.1g/t Au
4m @ 2.3g/t Au (53m) incl.
-1m @ 8.8g/t Au
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Figure 5 – Plan view drilling collar map coloured by maximum gold grade (g/t Au) projected to the drill collar, for the Gordons Dam and Malone prospects and interpreted geology (Refer to Tables 1-3 for all new results).

1 A composite assay result.

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In addition 4m composite and some individual 1m samples have been returned from 87 Air-core (“AC”) drill holes for 6,080m in areas adjacent to and potentially related to the Malone contact (Table 2 & 3). A number of highly encouraging results have extended the area of anomalous mineralisation including;

• ➢ 6m @ 0.8g/t Au from 43m including 1m @ 4.1g/t Au; and

• ➢ 4m @ 2.3g/t Au from 53m including 1m @ 8.8g/t Au (YRLAC657)

• ➢ 4m @ 660ppb Au from 68m (YRLAC669)*

• ➢ 12m @ 430ppb Au from 64m including 4m @ 1,080ppb Au (YRLAC671)*

• ➢ 1m @ 1,190ppb Au from 76m (YRLAC672)

• ➢ 4m @ 355ppb Au from 96m and 4m @ 281ppb Au from 112m (YRLAC694)

At the Gordons Dam Prospect (Figures 4 & 5) individual fire-assay results have been received from four holes for 379m. The holes have returned some encouraging results including;

• ➢ 2m @ 1.0g/t Au from 45m including 1m @ 1.7g/t Au (YRLRC573A) ➢ 2m @ 1.1g/t Au from 47m (YRLRC573B).

In addition a single diamond hole for 261.50m was completed with the aim to improve the structural understanding of high-grade mineralisation at depth. Assays are pending for the hole with assay results expected to be available in the December Quarter.

As part of initial feasibility study and mining approvals a 4,500m shallow RC program has commenced with the aim to infill known mineralisation areas to provide sufficient data for the compilation of an initial Mineral Resource Estimate (“MRE”). The initial MRE is planned for completion in the March Quarter 2022.

At the Andrews Prospect (Figure 4) individual fire-assay results have been received from 11 RC holes (1,949m) and 61 reconnaissance AC holes (7,926m). The holes were targeting potential extensions to mineralisation south from the Malone prospect in similar geological settings. The holes have returned some encouraging RC results including;

• ➢ 9m @ 1.4g/t Au from 95m including 2m @ 3.9g/t Au (YRLRC622) ➢ 1m @ 1.7g/t Au from 125m (YRLRC623)

• ➢ 2m @ 1.0g/t Au from 110m (YRLRC624)

Encouraging AC results include;

• ➢ 8m @ 180ppb Au from 32m (YRLAC705)*

• ➢ 8m @ 170ppb Au from 36m (YRLAC711)*

• ➢ 8m @ 393ppb Au from 56m including 4m @ 705ppb Au (YRLAC716)*

• ➢ 4m @ 570ppb Au from 28m (YRLRC740)

The results are currently being reviewed in order to prioritise follow-up RC targets for commencement in the December Quarter.

At the Bradman Prospect (Figure 4) composite assay results have been received from one RC hole (314m) and 15 reconnaissance AC holes (840m). The holes were targeting potential extensions to mineralisation south from the Malone prospect in similar geological settings. The holes have returned some encouraging RC results including;

• ➢ 32m @ 0.2g/t Au from 80m; and ➢ 4m @ 0.4g/t Au from 140m; and

• ➢ 12m @ 2.2g/t Au from 256m including 4m @ 5.2g/t Au ; and

• ➢ 4m @ 1.8g/t Au from 284m (YRLRC646)

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Encouraging AC results include;

• ➢ 17m @ 65ppb Au from 40m to end-of-hole (YRLAC762)*

• ➢ 16m @ 100ppb Au from 48m (YRLAC764)*

• ➢ 4m @ 125ppb Au from 64m to end-of-hole (YRLAC766)*.

The results are currently being reviewed in order to prioritise follow-up RC drill targets for testing in the December Quarter.

At the Waterline Prospect (Figure 4) fire-assay results have been received from nine RC holes (648m). The holes were targeting potential extensions to some anomalous historic reconnaissance drilling results. The holes have returned some encouraging results including;

• ➢ 14m @ 0.2g/t Au from 50m (YRLRC594)

• ➢ 2m @ 1.0g/t Au from 56m (YRLRC599).

At the Powerline, Sheperd and Porphyry Prospects (Figure 4) fire-assay results have been received from a total of nine RC holes (666m). The holes were targeting potential extensions to some anomalous historic reconnaissance drilling results. The holes returned low level results as listed in Table 2.

The results are currently being reviewed in order to prioritise any follow-up RC drilling.

At the Cleft Prospect (Figure 4) fire-assay results have been received from seven RC holes (852m). The holes were targeting potential extensions to some anomalous recent and historic reconnaissance drilling results. The holes have returned some encouraging results including;

• ➢ 2m @ 14.4g/t Au from 88m including 1m @ 24.3g/t Au (YRLRC610) ➢ 1m @ 2.7g/t Au from 142m (YRLRC609B).

The results are currently being reviewed in order to prioritise follow-up RC targets for possible commencement in the December Quarter.

Next Steps

Key exploration activities planned during the December Quarter include;

• Receive and interpret pending AC, RC and diamond drill assays from the Malone, Gordons Dam, Star of Gordon, Andrews, Bradman, Challenger, Parmelia, Success and HMS Sulphur prospects;

• Assess potential to compile an open pit MRE and commence feasibility studies for the Gordons Dam prospect;

• Commence detailed planning and execution of heritage surveys over key prospect areas within the Ironstone Well and Barwidgee projects including priority areas adjacent to and along strike from the Flushing Meadows, Oblique, Quarter Moon, Flinders Park and Sims Find prospects.

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Table 1 – RC/DD drill collar locations, depth, orientation and final down hole assay results - Gordons project.

Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 g/t (FA50)	Au2 g/t (FA50)
Star of Gordon Prospect RC Intervals (>0.1g/t Au)
YRLRC0627	6632571	363285	150	-60	240	4	8	4	0.3
				including		5	6	1	0.6	0.8
						19	20	1	0.3
						54	55	1	0.1
						62	63	1	0.2
						81	82	1	0.2
YRLRC0628	6632597	363316	186	-60	240	0	4	4	0.1
						12	16	4 0.6
				including		14	16	2 1.0
				including		14	15	1 1.2		1.2
						20	27	7	0.1
						37	38	1	0.2
						44	45	1	0.2
						50	52	2	0.1
						72	73	1	0.1
						140	141	1	0.1
YRLRC0629	6632620	363349	216	-60	240	17	28	11	0.2
						52	66	14 0.7
				including		54	63	9 0.9
				including		54	55	1 1.7
				including		61	62	1 1.8		1.8
						72	73	1	0.2
						79	80	1	0.3
YRLRC0630	6632658	363317	204	-60	240	12	15	3	0.2
						18	63	45 2.0
				including		43	53	10 8.4
				including		50	52	2 35.3
				including		50	51	1 17.6		18.0
				including		51	52	1 33.4		52.5
						107	108	1	0.4
						127	128	1	0.1
						141	142	1	0.2
YRLRC0631	6632673	363252	150	-60	240	0	2	2 0.5
						17	18	1 0.5		0.7
						78	79	1	0.2
YRLRC0632*	6632696	363284	204	-60	240	24	32	8 0.3
						44	56	12 1.1
				including		48	52	4 3.0		2.7
YRLRC0667	6632726	363469	180	-90	360		Assays Pending
YRLRC0668	6632801	363405	180	-90	360		Assays Pending
YRLRC0669	6632764	363437	180	-90	360		Assays Pending
Gordons Dam Prospect RC Intervals (>0.1g/t				Au)
YRLRC0573A	6633686	359651	49	-60	40	9	10	1	0.1
						16	17	1	0.1

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 g/t (FA50)	Au2 g/t (FA50)
						41	42	1	0.3
						45 47		2 1.0
				including		45 46		1 1.7 1.7
YRLRC0573B	6633686	359651	84	-60	40	16	17	1	0.3
						47 49		2 1.1
				including		47 48		1 2.0 1.9
						53	55	2	0.4
						60	63	3	0.2
						77	78	1	0.1
						80	81	1	0.1
YRLRC0612	6633106	360220	120	-60	240	56	57	1	0.1
						92 93		1 0.7 0.7
YRLRC0613	6633143	360293	126	-60	240	93 94		1 0.6 0.6
Gordons Dam Prospect Diamond Intervals (>0.1g/t Au)
YRLDD0012	6633613	359689	261.5	-60	40	Assays Pending
Malone Prospect RC Intervals (>0.1g/t Au)
YRLRC0614	6632926	359107	85	-60	220	64	66	2	0.3
						71	81	10	0.1
YRLRC0615	6632821	359260	72	-60	220	20	21	1	0.1
						23	24	1	0.1
YRLRC0615	6632821	359260	66	-60	220	23	24	1	0.1
YRLRC0616	6633063	358976	150	-60	220	66	67	1	0.3
						72 75		3 1.2
				including		72 74		2 1.7
				including		72 73		1 2.1 2.3
						105	107	2	0.1
						113	114	1	0.3
						139	140	1	0.1
YRLRC0617	6633413	358779	150	-60	220	68 70		2 0.6
						87	90	3	0.2
YRLRC0618	6633245	358884	126	-60	220	76	77	1	0.2
						79	80	1	0.2
						100 102		2 0.5
YRLRC0618A	6633245	358884	150	-60	220	78	79	1	0.2
						100	101	1	0.2
YRLRC0619	6632609	359331	150	-60	220	46	47	1	0.1
						88 101		13 0.9
				including		88 96		8 1.3
				including		88 90		2 2.0
YRLRC0634	6633545	358891	270	-60	220	226	227	1	0.1
						234	235	1	0.1
YRLRC0636	6633382	358998	114	-60	220	82	83	1	0.2
YRLRC0638*	6633202	359093	144	-60	220	92 112		20 0.6
						140 144		4 0.6# 0.7#
YRLRC0638A	6633202	359093	240	-60	220	97 116		19 0.3

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 g/t (FA50)	Au2 g/t (FA50)
				including		107 108		1 1.3 1.3
						144 152		8 0.8
				including		147 148		1 4.6 4.3
						221 222		1 0.9
YRLRC0644	6633059	359218	252	-60	220	90	92	2	0.2
						149	150	1	0.3
YRLRC0650	6632960	359376	270	-60	220	24	26	2	0.5
						65	69	4	0.1
						72	76	4	0.3
						79	80	1	0.4
						185	186	1	0.2
Malone Prospect Diamond Intervals (>0.1g/t Au)
YRLDD0009	6632821	359260	337.0	-60	220	0	41.6	Not assayed
						74.00	75.00	1.00	0.2
						89.00	92.00	3.00	0.2
						107.30 108.20		0.90 0.6
				including		107.30 107.70		0.40 1.3 1.3
						110.65	113.50	2.85	0.2
						116.25 117.30		1.05 0.5
						118.00	119.00	1.00	0.1
						121.00	123.00	2.00	0.1
						159.30	159.60	0.30	0.2
						166.93	167.30	0.37	0.1
						179.90	180.50	0.60	0.2
						188.00	189.00	1.00	0.1
						192.90	193.50	0.60	0.1
						243.00	244.00	1.00	0.1
						253.55 254.70		1.15 0.6
				including		253.90 254.70		0.80 0.7 0.7
						261.40	261.80	0.40	0.1
						263.50	264.00	0.50	0.1
						266.50	267.50	1.00	0.2
						274.70	277.25	2.55	0.2
						283.00	284.00	1.00	0.1
						288.00	289.00	1.00	0.4
						291.50	292.20	0.70	0.4
						301.30	302.1	0.80	0.1
						304.60	307.0	2.48	0.1
						329.90	332.0	2.10	0.2
YRLDD0010	6632821	359260	397.6	-75	220	0	74.60	Not assayed
						82.00 85.70		3.70 0.3
				including		84.00 85.00		1.00 0.8 0.8
						87.00	90.00	3.00	0.3
						95.00 95.75		0.75 0.6
						114.40 115.20		0.80 0.7 0.7
						122.00	123.0	1.00	0.3

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 g/t (FA50)	Au2 g/t (FA50)
						287.10 289.1		2.00 0.5
						323.00	324.0	1.00	0.1
						340.00	340.95	0.95	0.4	0.4
						361.65 363.60		1.95 0.5
				including		361.65 362.05		0.40 1.3 1.7
						390.20	391.20	1.00	0.1
						393.20	394.60	1.40	0.2
YRLDD0011	6633095	359489	814.3	-60	220	Assays Pending
YRLDD0013	6632926	359107	305.3	-60	220	Assays Pending
Andrews Prospect RC Intervals (>0.1g/t Au)
YRLRC0620	6632419	359413	90	-60	250			NSA>0.1g/t Au
YRLRC0622	6631651	359644	168	-60	250	93	94	1	0.1
						95 104		9 1.4
				including		97 100		3 3.0
				including		97 99		2 3.9
						114 115		1 1.3 1.2
						117	118	1	0.1
						120	121	1	0.1
						124	130	6	0.3
						138	139	1	0.1
						144	145	1	0.4
						150	151	1	0.3
						165	166	1	0.2
YRLRC0623	6631293	359830	168	-60	250	76	79	3	0.4
						100	101	1	0.2
						106	107	1	0.1
						118	119	1	0.2
						123 126		3 0.6
				including		125 126		1 1.5 1.7
YRLRC0624	6631032	359959	192	-60	250	86 87		1 1.0 0.9
						90	91	1	0.1
						96	97	1	0.2
						126	127	1	0.3
						130 132		2 1.0
YRLRC0637	6632481	359586	252	-60	250	110 111		1 2.1
YRLRC0639	6632092	359686	252	-60	250			NSA>0.1g/t Au
YRLRC0641	6631712	359811	216	-60	250			NSA>0.1g/t Au
YRLRC0640	6632225	359465	113	-60	250	95	96	1	0.1
YRLRC0640A	6632225	359465	150	-60	250			NSA>0.1g/t Au
YRLRC0643	6631355	359999	198	-60	250	143	144	1	0.2
						151	153	2	0.1
						157	163	6	0.2
						171 174		3 0.4
				including		171 172		1 0.9 0.9
						188	189	1	0.1
YRLRC0647	6631467	359722	150	-60	250	Assays Pending

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 g/t (FA50)	Au2 g/t (FA50)
Bradman Prospect RC Intervals (>0.1g/t Au)*
YRLRC0646	6630599	360262	314	-90	360	52	60	8	0.1
						80	112 32 0.2
						140	144 4 0.4			0.4
						164	188 24 0.1
						196	204 8 0.1
						256	288 12 2.2
				including		260	264 4 5.0			5.2
						284	288 4 1.8			1.8
YRLRC0648	6630565	360169	290	-90	360		Assays Pending
Waterline Prospect RC Intervals (>0.1g/t Au)
YRLRC0593	6634615	360890	60	-60	225	31	32	1	0.1
YRLRC0594	6634644	360918	72	-60	225	50	64	14 0.2
				including		60	61	1 0.8
YRLRC0595	6634672	360946	60	-60	225			NSA>0.1g/t		Au
YRLRC0596	6634725	360592	60	-60	225			NSA>0.1g/t		Au
YRLRC0597	6634753	360620	90	-60	225			NSA>0.1g/t		Au
YRLRC0598	6634781	360648	102	-60	225			NSA>0.1g/t		Au
YRLRC0599	6634809	360677	72	-60	225	56	58	2 1.0
				including		56	57	1 1.9		1.9
YRLRC0600	6634838	360705	60	-60	225			NSA>0.1g/t		Au
YRLRC0601	6634866	360733	72	-60	225			NSA>0.1g/t		Au
Powerline Prospect RC Intervals (>0.1g/t Au)
YRLRC0602	6629655	362600	60	-60	240			NSA>0.1g/t		Au
YRLRC0603	6629664	362615	60	-60	240			NSA>0.1g/t		Au
YRLRC0604	6629664	362615	60	-60	240			NSA>0.1g/t		Au
Sheperd Prospect RC Intervals (>0.1g/t Au)
YRLRC0633	6626095	364836	78	-60	180			NSA>0.1g/t		Au
YRLRC0635	6626115	364836	108	-60	180	72	73	1	0.2
						96	97	1	0.2
Porphyry Prospect RC Intervals (>0.1g/t Au)
YRLRC0605	6627291	363692	60	-60	180	38	39	1	0.2
						47	48	1	0.1
YRLRC0606	6627331	363692	90	-60	180	20	21	1	0.1
YRLRC0607	6627288	363732	90	-60	180	28	29	1	0.2
						58	59	1	0.3
						76	77	1	0.1
						82	83	1	0.1
YRLRC0608	6627328	363732	60	-60	180	0	1	1	0.1
						3	4	1	0.1
						26	29	3	0.1
						41	42	1	0.2
						48	49	1	0.2	0.2

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 g/t (FA50)	Au2 g/t (FA50)
The Cleft Prospect RC Intervals (>0.1g/t Au)
YRLRC0609	6627695	363790	90	-60	180	70	71	1	0.1
						78	79	1	0.1
						85	88	3	0.1
YRLRC0609A	6627695	363790	60	-60	180			NSA>0.1g/t Au
YRLRC0609B	6627695	363790	150	-60	180	46	47	1	0.3	0.3
						66	67	1	0.1
						104	105	1	0.3
						142 143		1 2.7 2.7
						148	149	1	0.1
YRLRC0610	6627683	363830	120	-60	180	52	59	7	0.1
						67	69	2	0.4
						75	76	1	0.2
						88 90		2 14.4
				including		88 89		1 24.3 22.9
YRLRC0611	6627708	363830	90	-60	180	Assays Pending
YRLRC0625	6627720	363790	180	-60	180	84 85		1 0.7 0.8
						162 163		1 0.8
						169	177	8	0.2
YRLRC0626	6627723	363750	162	-60	180	68	69	1	0.2
						142	143	1	0.1
						146	147	1	0.1
						151	156	5	0.2
						161 162		1 0.8#

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==> picture [105 x 48] intentionally omitted <==

Table 2 – AC drill collar locations, depth, orientation and final down hole assay results - Gordons gold project.

Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 g/t (FA50)	Au2 g/t (FA50)
Malone Prospect AC Intervals(>0.10g/t Au)
YRLAC0652	6632719	359074	88	-90	360	82	83	1	0.1
YRLAC0653	6632687	359112	44	-90	360	37 44		7 0.3#
				including		42 43		1 0.9# 0.9#
YRLAC0656	6632591	359227	70	-90	360	58	60	2	0.1
YRLAC0657	6632558	359265	74	-90	360	43 49		6 0.8
				including		43 44		1 4.1 3.9
						53 57		4 2.3
				including		53 54		1 8.8 8.6
						67	68	1	0.3
						72 74		2 0.2#
YRLAC0666	6632791	358677	90	-90	360	84 90		6 0.3#
				including		89 90		1 0.8# 0.8#

Table 3 – AC drill collar locations, depth, orientation and composite down hole assay results for Gordons gold project.

Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 ppb (AR50)	Au2 ppb (AR50)
Malone Prospect AC Intervals(>30ppb Au)*
YRLAC0651	6632751	359035	92	-90	360	80	92	12 27#
YRLAC0652	6632719	359074	88	-90	360	0	4	4	37
						12	20	8	35
						56	84	28	66
YRLAC0653	6632687	359112	44	-90	360	16	20	4	68
						36	44	8 420#
				including		40	44	4 686#
YRLAC0654	6632655	359150	64	-90	360			NSA>30ppb Au
YRLAC0655	6632623	359189	75	-90	360	60	64	4	41
						72	75	3 35#
YRLAC0656	6632591	359227	70	-90	360	56	60	4 170
YRLAC0657	6632558	359265	74	-90	360	40	74	34 479#
				including		52	56	4 3,426 3,260
YRLAC0658	6632526	359304	72	-90	360			NSA>30ppb Au
YRLAC0659	6632494	359342	55	-90	360			NSA>30ppb Au
YRLAC0660	6632984	358447	56	-90	360			NSA>30ppb Au
YRLAC0661	6632952	358486	68	-90	360			NSA>30ppb Au
YRLAC0662	6632919	358524	73	-90	360			NSA>30ppb Au
YRLAC0663	6632887	358562	69	-90	360	60	68	8	35
YRLAC0664	6632855	358600	96	-90	360			NSA>30ppb Au
YRLAC0665	6632823	358639	82	-90	360			NSA>30ppb Au
YRLAC0666	6632791	358677	90	-90	360	84	90	6 584#
				including		88	90	2 1,009# 975#
YRLAC0667	6632759	358715	67	-90	360			NSA>30ppb Au

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 ppb (AR50)	Au2 ppb (AR50)
YRLAC0668	6632727	358754	72	-90	360	60	68	8 420
				including		64	68	4 750
YRLAC0669	6632695	358792	72	-90	360	68	72	4 610# 660#
YRLAC0670	6632662	358830	57	-90	360	52	56	4	30	50
YRLAC0671	6632630	358869	76	-90	360	64	76	12 430#
				including		64	68	4 1,080 1,020
YRLAC0672	6632598	358907	77	-90	360	76	77	1 1,190# 1,180#
YRLAC0673	6632566	358945	79	-90	360	72	79	7 75#
YRLAC0674	6632534	358984	84	-90	360			NSA>30ppb Au
YRLAC0675	6632502	359022	65	-90	360	48	52	4	40
YRLAC0676	6632470	359060	69	-90	360	60	68	8	65
YRLAC0677	6632437	359098	78	-90	360	60	68	8 270 290
						76	78	2 40#
YRLAC0678	6632895	358242	35	-90	360			NSA>30ppb Au
YRLAC0679	6632863	358280	52	-90	360	48	52	4 40#
YRLAC0680	6632831	358319	43	-90	360			NSA>30ppb Au
YRLAC0681	6632798	358357	64	-90	360	60	64	4 90#
YRLAC0682	6632766	358395	90	-90	360	16	20	4	40
						84	88	4	30
YRLAC0683	6632734	358434	90	-90	360	80	84	4	70
YRLAC0684	6632702	358472	30	-90	360			NSA>30ppb Au
YRLAC0685	6632670	358510	57	-90	360			NSA>30ppb Au
YRLAC0686	6632638	358549	84	-90	360	44	48	4	88
						80	84	4 84# 91#
YRLAC0687	6632606	358587	60	-90	360			NSA>30ppb Au
YRLAC0688	6632573	358625	80	-90	360			NSA>30ppb Au
YRLAC0689	6632541	358663	81	-90	360	60	76	16 95
YRLAC0690	6632509	358702	106	-90	360	72	84	12 304
YRLAC0691	6632477	358740	88	-90	360			NSA>30ppb Au
YRLAC0692	6632445	358778	110	-90	360	96	100	4	35	41
YRLAC0693	6632413	358817	105	-90	360			NSA>30ppb Au
YRLAC0694	6632381	358855	101	-90	360	32	36	4	31	40
						96	100	4 355 332
YRLAC0695	6632348	358893	126	-90	360	112	116	4 281 245
YRLAC0772	6633559	358508	25	-90	360			NSA>30ppb Au
YRLAC0773	6633576	358555	30	-90	360			NSA>30ppb Au
YRLAC0774	6633593	358602	36	-90	360			NSA>30ppb Au
YRLAC0775	6633610	358649	68	-90	360			NSA>30ppb Au
YRLAC0776	6633627	358696	73	-90	360			NSA>30ppb Au
YRLAC0777	6633644	358743	80	-90	360			NSA>30ppb Au
YRLAC0778	6633661	358790	65	-90	360			NSA>30ppb Au
YRLAC0779	6633679	358837	72	-90	360			NSA>30ppb Au
YRLAC0780	6633653	358474	30	-90	360			NSA>30ppb Au
YRLAC0781	6633670	358521	48	-90	360			NSA>30ppb Au
YRLAC0782	6633687	358568	68	-90	360			NSA>30ppb Au
YRLAC0783	6633704	358615	56	-90	360			NSA>30ppb Au
YRLAC0784	6633721	358661	63	-90	360			NSA>30ppb Au

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 ppb (AR50)	Au2 ppb (AR50)
YRLAC0785	6633738	358708	57	-90	360			NSA>30ppb Au
YRLAC0786	6633755	358755	75	-90	360			NSA>30ppb Au
YRLAC0787	6633773	358802	63	-90	360			NSA>30ppb Au
YRLAC0788	6633841	358405	84	-90	360			NSA>30ppb Au
YRLAC0789	6633858	358452	66	-90	360	60	64	4	37	29
YRLAC0790	6633875	358499	42	-90	360			NSA>30ppb Au
YRLAC0791	6633892	358546	52	-90	360			NSA>30ppb Au
YRLAC0792	6633909	358593	51	-90	360			NSA>30ppb Au
YRLAC0793	6633926	358640	84	-90	360			NSA>30ppb Au
YRLAC0794	6633943	358687	89	-90	360	84	89	5 33#
YRLAC0795	6633960	358734	61	-90	360			NSA>30ppb Au
YRLAC0796	6633978	358781	106	-90	360			NSA>30ppb Au
YRLAC0797	6634063	358431	73	-90	360			NSA>30ppb Au
YRLAC0798	6634080	358478	59	-90	360			NSA>30ppb Au
YRLAC0799	6634097	358525	54	-90	360			NSA>30ppb Au
YRLAC0800	6634114	358572	85	-90	360	64	68	4 101 110
YRLAC0801	6634131	358619	96	-90	360	88	96	8 63#
YRLAC0802	6634148	358666	66	-90	360			NSA>30ppb Au
YRLAC0803	6634166	358713	38	-90	360			NSA>30ppb Au
YRLAC0804	6634251	358362	72	-90	360			NSA>30ppb Au
YRLAC0805	6634268	358409	88	-90	360			NSA>30ppb Au
YRLAC0806	6634285	358456	68	-90	360			NSA>30ppb Au
YRLAC0807	6634302	358503	58	-90	360	56	57	1 46# 55#
YRLAC0808	6634319	358550	69	-90	360			NSA>30ppb Au
YRLAC0809	6634336	358597	55	-90	360			NSA>30ppb Au
YRLAC0810	6634353	358644	56	-90	360			NSA>30ppb Au
YRLAC0811	6633553	358859	73	-90	360			NSA>30ppb Au
YRLAC0812	6633520	358897	46	-90	360			NSA>30ppb Au
YRLAC0813	6633488	358935	60	-90	360			NSA>30ppb Au
YRLAC0814	6633456	358974	54	-90	360			NSA>30ppb Au
Andrews Prospect AC Intervals (>30ppb Au)*
YRLAC0696	6632196	360088	28	-60	240	24	28	4 58# 52#
YRLAC0697	6632221	360132	58	-60	240	52	56	4	25	31
YRLAC0698	6632246	360175	43	-60	240	36	40	4	78	75
YRLAC0699	6632271	360218	43	-60	240	40	43	3 33# 28#
YRLAC0700	6632296	360261	48	-60	240	36	44	8	128
YRLAC0701	6632321	360305	44	-60	240			NSA>30ppb Au
YRLAC0702	6632346	360348	32	-60	240			NSA>30ppb Au
YRLAC0703	6632015	360135	62	-60	240			NSA>30ppb Au
YRLAC0704	6632040	360178	26	-60	240			NSA>30ppb Au
YRLAC0705	6632065	360222	40	-60	240	32	40	8 180#
YRLAC0706	6632090	360265	75	-60	240			NSA>30ppb Au
YRLAC0707	6632115	360308	48	-60	240			NSA>30ppb Au
YRLAC0708	6632140	360351	32	-60	240			NSA>30ppb Au
YRLAC0709	6632165	360395	30	-60	240			NSA>30ppb Au
YRLAC0710	6632190	360438	56	-60	240			NSA>30ppb Au

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 ppb (AR50)	Au2 ppb (AR50)
YRLAC0711	6632215	360481	44	-60	240	36	44	8 170#
YRLAC0712	6632240	360525	26	-60	240			NSA>30ppb Au
YRLAC0713	6631834	360182	51	-60	240			NSA>30ppb Au
YRLAC0714	6631859	360225	50	-60	240			NSA>30ppb Au
YRLAC0715	6631884	360268	45	-60	240	40	44	4	54
YRLAC0716	6631909	360312	105	-60	240	56	64	8 393
				including		56	60	4 655 705
YRLAC0717	6631934	360355	46	-60	240	44	46	2 92#
YRLAC0718	6631959	360398	66	-60	240	60	66	6 45#
YRLAC0719	6631984	360441	43	-60	240			NSA>30ppb Au
YRLAC0720	6632009	360485	48	-60	240			NSA>30ppb Au
YRLAC0721	6632034	360528	67	-60	240	60	64	4	74	65
YRLAC0722	6632059	360571	75	-60	240			NSA>30ppb Au
YRLAC0723	6632084	360615	36	-60	240	32	36	4 49# 45#
YRLAC0724	6632109	360658	28	-60	240			NSA>30ppb Au
YRLAC0725	6631628	360185	19	-60	240			NSA>30ppb Au
YRLAC0726	6631653	360228	39	-60	240			NSA>30ppb Au
YRLAC0727	6631678	360272	36	-60	240			NSA>30ppb Au
YRLAC0728	6631703	360315	41	-60	240			NSA>30ppb Au
YRLAC0729	6631728	360358	88	-60	240	64	88	24 71#
				including		84	88	4 202# 191#
YRLAC0730	6631753	360402	85	-60	240			NSA>30ppb Au
YRLAC0731	6631778	360445	32	-60	240			NSA>30ppb Au
YRLAC0732	6631803	360488	88	-60	240			NSA>30ppb Au
YRLAC0733	6631828	360531	58	-60	240	52	56	4 35# 40#
YRLAC0734	6631853	360575	70	-60	240			NSA>30ppb Au
YRLAC0735	6631878	360618	36	-60	240			NSA>30ppb Au
YRLAC0736	6631903	360661	55	-60	240			NSA>30ppb Au
YRLAC0737	6631928	360705	57	-60	240			NSA>30ppb Au
YRLAC0738	6631953	360748	58	-60	240			NSA>30ppb Au
YRLAC0739	6631397	360145	50	-60	240	12	16	4	44	39
						44	48	4	74	67
YRLAC0740	6631422	360188	48	-60	240	28	32	4 552 570
YRLAC0741	6631447	360232	27	-60	240	24	27	3 119# 131#
YRLAC0742	6631472	360275	66	-60	240			NSA>30ppb Au
YRLAC0743	6631497	360318	60	-60	240			NSA>30ppb Au
YRLAC0744	6631522	360362	60	-60	240			NSA>30ppb Au
YRLAC0745	6631547	360405	78	-60	240			NSA>30ppb Au
YRLAC0746	6631572	360448	74	-60	240			NSA>30ppb Au
YRLAC0747	6631597	360492	52	-60	240			NSA>30ppb Au
YRLAC0748	6631622	360535	43	-60	240			NSA>30ppb Au
YRLAC0749	6631647	360578	45	-60	240	12	16	4	35	29
						44	45	1 55# 49#
YRLAC0750	6631672	360621	43	-60	240	16	20	4	44	49
						40	43	3 48# 39#
YRLAC0751	6631697	360665	69	-60	240	64	69	5 148# 157#
YRLAC0752	6631722	360708	67	-60	240			NSA>30ppb Au

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Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azi. (Deg.)	From (m)	To (m)	Interval (m)	Au1 ppb (AR50)	Au2 ppb (AR50)
YRLAC0753	6631747	360751	60	-60	240			NSA>30ppb Au
YRLAC0754	6631772	360795	63	-60	240			NSA>30ppb Au
YRLAC0755	6631797	360838	61	-60	240			NSA>30ppb Au
YRLAC0756	6631822	360881	48	-60	240			NSA>30ppb Au
Bradman Prospect AC Intervals (>30ppb Au)*
YRLAC0757	6631191	360149	58	-60	240	0	4	4	40
YRLAC0758	6631216	360192	42	-60	240	0	4	4	32
YRLAC0759	6631241	360235	43	-60	240	32	36	4	41
YRLAC0760	6631266	360278	31	-60	240			NSA>30ppb Au
YRLAC0761	6631291	360322	41	-60	240			NSA>30ppb Au
YRLAC0762	6631316	360365	57	-60	240	40	57	17 65#
				including		40	44	4 167 170
YRLAC0763	6631341	360408	69	-60	240			NSA>30ppb Au
YRLAC0764	6631366	360452	77	-60	240	48	64	16 100
YRLAC0765	6631391	360495	72	-60	240	0	4	4	31
						60	64	4	39
YRLAC0766	6631416	360538	68	-60	240	0	4	4	35
						64	68	4 123# 125#
YRLAC0767	6631441	360582	65	-60	240	0	4	4	42
						60	64	4 143
YRLAC0768	6631466	360625	63	-60	240	0	4	4	35
YRLAC0769	6631491	360668	65	-60	240	56	65	9 68#
YRLAC0770	6631516	360711	49	-60	240			NSA>30ppb Au
YRLAC0771	6631541	360755	40	-60	240			NSA>30ppb Au

Notes to Tables 1-3 ; 1. An accurate dip and strike and the controls on mineralisation are only interpreted and the true width of mineralisation is unknown at this stage. 2. For AC and RC drilling, 4m composite samples are submitted are analysed using a 50g Aqua Regia digest with Flame AAS gold finish (0.01ppm detection limit), for DD drilling samples are analysed using a 50g fire assay with ICP-MS finish gold analysis (0.01ppm detection limit) by Aurum Laboratories in Beckenham, Western Australia. 3. Au1 is the original assay, Au2 is the highest grade from duplicate or repeat samples if they have been completed. 4. g/t (grams per tonne). 5. Intersections are calculated over intervals >0.10g/t or as indicated. 6. Drill type AC = Air-core, RC = Reverse Circulation, DD = Diamond. 7. Coordinates are in GDA94, MGA Z51. 8. # denotes an end of hole assay . 9. ABD denotes hole abandoned before target depth. 10. NSA denotes no significant assay. 11. * denotes a 4m composite assay unless otherwise indicated.

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About Yandal Resources Limited

Yandal Resources listed on the ASX in December 2018 and has a portfolio of advanced gold exploration projects in the highly prospective Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.

Yandal Resources’ Board has a track record of successful discovery, mine development and production.

November 2020 Mineral Resource Estimate Summary Table – Flushing Meadows Gold Deposit

Material Type	Indicated	Indicated			Inferred			Total
	Tonnes	Au(g/t)	Oz	Tonnes	Au(g/t)	Oz	Tonnes	Au(g/t)	Oz
Laterite	89,853	1.26	3,631	86,671	1.23	3,422	176,524	1.24	7,054
Oxide	2,015,900	1.33	86,071	2,246,845	1.10	79,389	4,262,745	1.21	165,420
Transition	35,223	1.20	1,360	1,160,471	1.10	40,966	1,195,695	1.10	42,325
Fresh				1,751,484	0.95	53,440	1,751,484	0.95	53,440
Total	2,140,976	1.32	91,062	5,245,471	1.05	177,217	7,386,448	1.13	268,352

* Reported above 0.5g/t Au lower cut-off grade, refer to Yandal Resources Ltd ASX announcement dated 4 November 2020 for full details.

Competent Person Statement

The information in this document that relates to Exploration Results, geology and data compilation is based on information compiled by Mr Trevor Saul, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Saul is the Exploration Manager for the Company, is a full-time employee and holds shares and options in the Company.

Mr Saul has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Saul consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

The information in this announcement that relates to the Flushing Meadows Mineral Resource Estimate is based on information compiled and generated by Andrew Bewsher, an employee of BM Geological Services Pty Ltd (“BMGS”). Both Andrew Bewsher and BMGS hold shares in the company. BMGS consents to the inclusion, form and context of the relevant information herein as derived from the original resource reports. Mr Bewsher has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

Authorised by the board of Yandal Resources

For further information please contact:

Lorry Hughes Bianca Taveira Managing Director Company Secretary Yandal Resources Limited +61 8 9389 9021 yandal@yandalresources.com.au yandal@yandalresources.com.au

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Appendix 1 – Gordons Gold Project JORC Code (2012) Table 1, Section 1 and 2

Mr Trevor Saul, Exploration Manager of Yandal Resources compiled the information in Section 1 and Section 2 of the following JORC Table 1 and is the Competent Person for those sections. The following Table and Sections are provided to ensure compliance with the JORC Code (2012 edition) requirements for the reporting of Mineral Resources.

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	Nature and quality of sampling (e.g. cut channels, random chips,	•	4m composite samples taken with a sample scoop thrust into the RC sample bag which is laid out in
techniques	or specific specialised industry standard measurement tools		individual metres in a plastic bag on the ground. 1m single splits taken using a cone splitter at time of
	appropriate to the minerals under investigation, such as down		drilling, if 4m composites are anomalous (>100-200ppb or lower depending on location), 1m single splits
	hole gamma sondes, or handheld XRF instruments, etc.). These		are submitted for analyses. Average sample weights about 3.0kg for 4m composites and 2.0-3.0kg for
	examples should not be taken as limiting the broad meaning of		1m samples.
	sampling.	•	For AC drilling samples laid out on the ground and sampled as above. Average weights are 2.0-3.0kg
			for composites and 3.0-4.0kg for singles.
		•	For diamond drilling (“DD”)HQor NQis cut in half and assayed.
	Include reference to measures taken to ensure sample	•	For RC and AC drilling regular air and manual cleaning of cyclone to remove hung up clays where
	representivity and the appropriate calibration of any		present. For all drilling methods, regular standards are submitted during composite analysis and
	measurement tools or systems used.		standards, blanks and duplicates for 1m samples. Based on statistical analysis and cross checks of
			these results, there is no evidence to suggest the samples are not representative. Standards & replicate
			assays takenby thelaboratory.
	Aspects of the determination of mineralisation that are Material	•	AC, RC and DD drilling was used to obtain 1m samples (or smaller in the case of DD) from which
	to the Public Report. In cases where ‘industry standard’ work		approximately 2.0-3.0kg sample was pulverised to produce a 50g Aqua Regia digest with Flame AAS
	has been done this would be relatively simple (e.g. ‘reverse		gold finish (0.01ppm detection limit) for AC samples and a 50g fire assay with ICP-MS (inductively
	circulation drilling was used to obtain 1 m samples from which 3		coupled plasma - mass spectrometry) finish gold analysis (0.01ppm detection limit) for RC/DD samples
	kg was pulverised to produce a 30 g charge for fire assay’). In		by Aurum Laboratories in Beckenham, Western Australia. Samples assayed for Au, As, Cu, Pb, Zn and
	other cases more explanation may be required, such as where		Ag for AC composites and Au only for RC and DD. Drilling intersected oxide, transitional and primary
	there is coarse gold that has inherent sampling problems.		mineralisation to a maximum drill depth below 250m.
	Unusual commodities or mineralisation types (e.g. submarine
	nodules) may warrant disclosure of detailed information.
Drilling	Drill type (e.g. core, reverse circulation, open-hole hammer,	•	RC drilling with a 4’ ½ inch face sampling hammer bit. AC drilling used a 3’ ½ inch blade bit. DD drilling
techniques	rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core		used a roller bit down to hard then HQ and NQ sized rods.
	diameter, triple or standard tube, depth of diamond tails, face-
	sampling bit or other type, whether core is oriented and if so, by
	what method, etc).
Drill sample	Method of recording and assessing core and chip sample	•	RC and AC recovery and meterage was assessed by comparing drill chip volumes or (sample bags for
recovery	recoveries and results assessed.		RC) for individual meters. Estimates of sample recoveries were recorded. Routine checks for correct
	Measures taken to maximise sample recovery and ensure representative nature of the samples.	•	sample depths are undertaken every RC rod (6m). DD recoveries were estimated by the drillers and written on core blocks. RC sample recoveries were visually checked for recovery, moisture and contamination. The cyclone
	Whether a relationship exists between sample recovery and		was routinely cleaned ensuring no material build up.
	grade and whether sample bias may have occurred due to	•	Due to the generally good/standard drilling conditions and powerful drilling rig the geologist believes the
	preferential loss/gain of fine/coarse material.		RC and AC samples are representative, some bias would occur in the advent of poor sample recovery
			which was logged where rarely encountered. At depth there were some wet samples and these are
			recorded ongeological logs.

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Criteria	JORC Code explanation	Commentary	Commentary
Logging	Whether core and chip samples have been geologically and	•	RC, AC and DD logging is routinely completed on one metre intervals at the rig or yard by the geologist.
	geotechnically logged to a level of detail to support appropriate		The log was made to standard logging descriptive sheets and transferred into Micromine software on a
	Mineral Resource estimation, mining studies and metallurgical		computer once back at the office. Logging was qualitative in nature.
	studies.	•	All intervals logged for AC and RC drilling completed during drill program with a representative sample
	Whether logging is qualitative or quantitative in nature. Core (or		placed into chip trays.
	costean, channel, etc) photography.
	The total length and percentage of the relevant intersections
	logged.
Sub-sampling	If core, whether cut or sawn and whether quarter, half or all core	•	DD, AC and RC samples taken.
techniques	taken.	•	AC and RC samples were collected from the drill rig by spearing each 1m collection bag (RC) or from
and sample preparation	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	•	the ground (AC) and compiling a 4m composite sample. Single splits were automatically taken by the rig cone splitter for RC. Wet or dry samples were noted in the logs. For Yandal Resources Ltd samples, duplicate 1m samples were taken in the field, with standards and
	For all sample types, the nature, quality and appropriateness of		blanks inserted with the 1m and 4m samples for analyses.
	the sample preparation technique.	•	1m samples were consistent and weighed approximately 3.0-4.0kg for RC (2.0-3.0kg for AC) and it is
	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.	•	common practice to review 1m results and then review sampling procedures to suit. Once samples arrived in Perth, further work including duplicates and QC was undertaken at the laboratory. Yandal Resources Ltd has determined that at the Gordons Dam prospect there is sufficient
	Measures taken to ensure that the sampling is representative of		data for a MRE and an initial one is planned upon completion upon receipt of all pending results and
	the in situ material collected, including for instance results for		QA/QC re-sample and re-assay programs (however the deposit is open in many directions).
	field duplicate/second-half sampling.	•	Mineralisation mostly occurs within intensely oxidised saprolitic and palaeochannel clays after altered
	Whether sample sizes are appropriate to the grain size of the material being sampled.		mafic, porphyry and felsic rocks (typical greenstone geology). The sample size is standard practice in the WA Goldfields to ensure representivity.
Quality of	The nature, quality and appropriateness of the assaying and	•	The composite 4m AC samples were assayed using a 50g Aqua Regia digest with Flame AAS gold
assay data	laboratory procedures used and whether the technique is		finish (0.01ppm detection limit) finish Au, Ag, As, Cu, Pb and Zn analysis (0.01ppm detection limit) by
and	considered partial or total.		Aurum Laboratories in Beckenham, Western Australia for gold only. Initial 4m samples were assayed
laboratory tests	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	• •	by Aqua Regia with fire assay checks (0.01ppm detection limit). RC and DD sampling assayed for Au only. No geophysical assay tools were used. Laboratory QA/QC involves the use of internal lab standards using certified reference material, blanks, splits and replicates as part of the in-house procedures. QC results (blanks, duplicates, standards) were
	Nature of quality control procedures adopted (e.g. standards,		in line with commercial procedures, reproducibility and accuracy. These comparisons were deemed
	blanks, duplicates, external laboratory checks) and whether		satisfactory. Some re-splitting with an onsite three-tier riffle splitter has been undertaken in the
	acceptable levels of accuracy (i.e. lack of bias) and precision		palaeochannel area for analyses from RC samples. A number of samples have been selected for future
	have been established.		metallurgical testing. A number of 1m residues from RC assays are planned to be analysed at other
			laboratories for comparison.
Verification of	The verification of significant intersections by either independent	•	Work was supervised by senior Aurum Laboratory staff experienced in metals assaying. QC data reports
sampling and	or alternative company personnel.		confirming the sample quality have been supplied.
assaying	The use of twinned holes.	• •	Data storage as PDF/XL files on company PC in the Perth office. No data was adjusted.
	Documentation of primary data, data entry procedures, data	•	Significant intercepts are reported in Tables 1-3 by Mr Trevor Saul of Yandal Resources and were
	verification, data storage (physical and electronic) protocols.		generated by compositing to the indicated downhole thickness. A 30ppb Au lower cut-off was used for
			ACresults (0.10g/tAufor RC andDD) andintersections generally calculatedwithamaximumof 2mof

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Criteria	JORC Code explanation	Commentary	Commentary
	Discuss any adjustment to assay data.		internal dilution.
Location of	Accuracy and quality of surveys used to locate drill holes (collar	•	All drill collar locations were initially pegged and surveyed using a hand held Garmin GPS, accurate to
data points	and down-hole surveys), trenches, mine workings and other		within 3-5m. Holes were drilled at various spacings dependent on prospect assessment. All reported
	locations used in Mineral Resource estimation.		coordinates are referenced to the GDA. The topography is very flat at the location of the Gordons Dam
	Specification of the grid system used.		prospect. Down hole surveys utilised a proshot camera at the end of hole plus every 30m while pulling out of the hole.
	Quality and adequacy of topographic control.	•	Grid MGA94 Zone 51.
		•	Topography is very flat, small differences in elevation between drill holes will have little effect on
			mineralisation widths on initial interpretation. All new holes and some available historic holes have been
			surveyed by DGPS as well as a surveyed topographical surface for compilation of MRE’s. The
			topographic surface has been generated by using the hole collar surveys. It is considered to be of
			sufficient quality to bevalidforthis stage ofexploration.
Data spacing	Data spacing for reporting of Exploration Results.	•	Holes were variably spaced in accordance with the collar details/coordinates supplied in Tables 1 & 2.
and distribution	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	•	The hole spacing was determined by the Company to be sufficient when combined with confirmed historic drilling results to explore effectively. The sample spacing and the appropriateness of each hole to be included to make up data points for a Mineral Resource has not been determined. It will depend on results from all the drilling and geological interpretations when complete.
	Whether sample compositing has been applied.
Orientation of	Whether the orientation of sampling achieves unbiased	•	No, drilling angle or vertical holes is deemed to be appropriate to intersect the supergene mineralisation
data in	sampling of possible structures and the extent to which this is		and potential residual dipping structures and is appropriate for the current stage of the prospects. At
relation to	known, considering the deposit type.		depth angle holes have been used to intersect the interpreted dipping lodes. True widths are often
geological structure	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	• •	calculated depending upon the geometry. The relationship between the drilling orientation and the orientation of mineralised structures is not considered to have introduced a sampling bias. Given the style of mineralisation and drill spacing/method, it is the most common routine for delineating shallow gold resources in Australia. Angle holes are the most appropriate for exploration style and Resource style drilling for the type and
			locationof mineralisation intersected.
Sample	The measures taken to ensure sample security.	•	Samples were collected on site under supervision of the responsible geologist. The work site is on a
security			pastoral station. Once collected samples were wrapped and transported to Perth for analysis. Dispatch
			and consignment notes were delivered and checked for discrepancies.
		•	Sample security for historical samples was highly variable and dependent on the exploration company
			however most of the companies working in the area are considered leaders in improving the sample
			security, QAQC procedures and explorationprocedures.
Audits or	The results of any audits or reviews of sampling techniques and	•	No Audits have been commissioned.
reviews	data.

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Section 2 Reporting of Exploration Results

Criteria		JORC Code explanation	Commentary	Commentary
Mineral		Type, reference name/number, location and ownership	•	The new drilling was conducted on the following tenements;
tenement and		including agreements or material issues with third parties such		Gordons Project – M27/502, P27/2214, P27/2338, P27/2339, E27/601 and E27/570.
land	tenure	as joint ventures, partnerships, overriding royalties, native title		The tenements are 100% owned by the Company. The tenements are in good standing and no known
status		interests, historical sites, wilderness or national park and		impediments exist.
		environmental settings.		E27/570 is subject to a Net Smelter Royalty of 2%, being payable to PVW Resources Ltd on all product
		The security of the tenure held at the time of reporting along with		mined from the tenement.
		any known impediments to obtaining a licence to operate in the
		area.
Exploration		Acknowledgment and appraisal of exploration by other parties.	•	Previous workers in the area include among others, North Ltd, Delta Gold Ltd, Aurion Gold Ltd, Placer
done by other				Dome Asia Pacific, Barminco Investments, Mt Kersey Mining NL, Gutnick Resources NL, Pacific Arc
parties				Exploration, Geopeko, Flinders Resources Ltd, Kesli Chemicals Pty Ltd and Windsor Resources NL.
Geology		Deposit type, geological setting and style of mineralisation.	•	Archaean Orogenic Gold mineralisation hosted within the Boorara domain of the Kalgoorlie Terrane
				within the Norseman-Wiluna Archaean greenstone belt. The granite-greenstone belt is approximately
				600 km long and is characterised by very thick, possibly rift controlled accumulations of ultramafic, mafic
				and felsic volcanics, intrusive and sedimentary rocks. It is one of the granite / greenstone terrains of the
				YilgarnCratonof WA.
Drill hole		A summary of all information material to the understanding of	•	See Tables 1-3.
Information		the exploration results including a tabulation of the following	•	All holes reported from the current program are listed in Tables 1-3 or can be viewed in Yandal’s other
		information for all Material drill holes:		ASX releases during 2019-2021.
		• easting and northing of the drill hole collar • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar • dip and azimuth of the hole • down hole length and interception depth	• •	Other hole collars in the immediate area of the Gordons Dam prospect have been included for diagrammatic purposes and Mr Saul considers listing all of the drilling details is prohibitive and would not improve transparency or materiality of the report. Plan view diagrams are shown in the report of all drilling collars in close proximity to the new drilling for exploration context in Figures 2-5. No information is excluded.
		• hole length.
		If the exclusion of this information is justified on the basis that
		the information is not Material and this exclusion does not
		detract from the understanding of the report, the Competent
		Person should clearly explain why this is the case.
Data		In reporting Exploration Results, weighting averaging	•	No weighting or averaging calculations were made, assays reported and compiled are as tabulated in
aggregation		techniques, maximum and/or minimum grade truncations (e.g.		Tables 1-3.
methods		cutting of high grades) and cut-off grades are usually Material	•	All assay intervals reported in Tables 1-3 are typically 1m downhole intervals above 0.10g/t Au lower
		and should be stated.		cut-off for RC/DD drilling (interval width as indicated for DD drilling). For AC drilling the interval is
		Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown	•	composited downhole interval as indicated above a 30ppb Au lower cut-off. There is occasionally small samples such as 1m or 2m when the hole was completed to depth that was not a multiple of 4 for AC drilling. No metal equivalent calculations were applied.
		in detail.
		The assumptions used for any reporting of metal equivalent
		values should be clearly stated.

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Criteria	JORC Code explanation	Commentary	Commentary
Relationship	These relationships are particularly important in the reporting of	•	Oxide and Transitional mineralisation is generally flat lying (blanket like) while mineralisation at depth
between	Exploration Results.		is generally steeper dipping. Further orientation studies are required.
mineralisatio n widths and intercept	If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.	•	Drill intercepts and true width appear to be close to each other, or within reason allowing for the minimum intercept width of 1m. Yandal Resources Ltd estimates that the true width is variable but probably around 80-100% of the intercepted widths.
lengths	If it is not known and only the down hole lengths are reported,	•	Given the nature of AC and RC drilling, the minimum width and assay is 1m.
	there should be a clear statement to this effect (e.g. ‘down hole	•	Given the highly variable geology and mineralisation including supergene mineralisation and
	length, true width not known’).		structurally hosted gold mineralisation there is no project wide relationship between the widths and
			interceptlengths.
Diagrams	Appropriate maps and sections (with scales) and tabulations of	•	See Figures 2-5 and Tables 1-3.
	intercepts should be included for any significant discovery being
	reported These should include, but not be limited to a plan view
	of drill hole collar locations and appropriate sectional views.
Balanced	Where comprehensive reporting of all Exploration Results is not	•	Summary results for all holes as 4m AC assays > 30ppb Au are shown in Table 3, all holes as 1m or
reporting	practicable, representative reporting of both low and high grades		less RC/DD assays > 0.10g/t Au for the current drilling.
	and/or widths should be practiced to avoid misleading reporting	•	Diagrammatic results are shown in Figures 2-5.
	of Exploration Results.
Other	Other exploration data, if meaningful and material, should be	•	There have been no historical Mineral Resource Estimates.
substantive	reported including (but not limited to): geological observations;	•	There has been no historic mining at the Gordons Dam or Malone prospects as they are new
exploration	geophysical survey results; geochemical survey results; bulk		discoveries. There has been minor historic (early 1900’s) underground workings on a number of lodes
data	samples – size and method of treatment; metallurgical test		in proximity to the Star of Gordon prospect.
	results; bulk density, groundwater, geotechnical and rock
	characteristics; potential deleterious or contaminating
	substances.
Further work	The nature and scale of planned further work (e.g. tests for	•	Additional exploration including AC, RC and DD drilling and or geophysical surveys to advance known
	lateral extensions or depth extensions or large-scale step-out		prospects is warranted. Additional exploration drilling is likely if new programs can be approved by the
	drilling).		Company.
	Diagrams clearly highlighting the areas of possible extensions,
	including the main geological interpretations and future drilling
	areas, provided this information is not commercially sensitive.

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