YANDAL RESOURCES LIMITED — Capital/Financing Update 2021

Aug 10, 2021

ASX Announcement 11 August 2021

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High-Grade RC Intercepts Confirm Discovery Potential at the Malone Gold Prospect

• Highly encouraging assay results have been returned from first pass reconnaissance RC drilling at the Malone prospect including;

• ➢ 3m @ 8.16g/t Au from 130m including 1m @ 22.05g/t Au (YRLRC0579)

• ➢ 5m @ 3.59g/t Au from 47m including 1m @ 12.30g/t Au (YRLRC0584)

• ➢ 18m @ 0.90g/t Au from 94m including 2m @ 4.67g/t Au (YRLRC0583)

• Reconnaissance Air-core drilling continues to expand the area of anomalous gold at Malone and provides additional priority RC targets with intercepts including;

• ➢ 34m @ 384ppb Au from 40m to end-of-hole including 4m @ 3,426ppb Au (YRLAC0657)

• ➢ 6m @ 243ppb Au from 84m to end-of-hole including 2m @ 1,009ppb Au (YRLAC0666) ➢ 8m @ 420ppb Au from 36m including 4m @ 686ppb Au (YRLAC0653)

• Exploration has ramped-up with the commencement of diamond drilling increasing the rigs in operation at the Malone and Gordons Dam prospects to four.

Yandal Resources’ Managing Director; Mr Lorry Hughes commented:

“These are the highest RC grades to date from the Malone prospect, the results, particularly from within the primary zone give us strong encouragement that further drilling at depth and along strike could significantly extend the mineralisation.

The gold discovered at Malone is interpreted to relate to a well-defined west dipping geological contact between felsic and mafic volcanic rock units which can be traced for 4.5km in strike length within Yandal’s ground.

It is interpreted that the high-grades encountered thus far could also be influenced by a cross-cutting eastwest oriented structure that can be traced extending in the direction of the Gordons Dam prospect located 500m to the east.

In addition the Air-core program continues to intersect significant gold at or near the fresh rock boundary which could represent mineralisation zones sub-parallel to the Malone contact therefore providing further high-priority RC and diamond drilling targets.

Assay results are pending from 54 RC and 142 Air-core holes which have been completed along the majority of the 4.5km Malone contact zone and adjacent prospect areas.

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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 Lorry Hughes Managing Director/CEO Katina Law Non-Executive Director Tim Kennedy Chairman Bianca Taveira Company Secretary T +61 8 9389 9021 E yandal@yandalresources.com.au W www.yandalresources.com.au	Gold Projects Ironstone Well(100% owned) Barwidgee(100% owned) Mt McClure(100% owned) Gordons(100% owned) Shares on Issue 100,439,953 Share Price $0.55 Market Cap $55M 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 activity at the 100%-owned Gordons gold project in Western Australia (Figure 1).

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Figure 1 – Yandal Resources’ gold project locations.

Malone and Gordons Dam Prospects

At the Malone Prospect (Figures 2 & 3) individual 1m fire-assay results have been received from 13 reconnaissance reverse circulation (“RC”) holes for 1,545m completed during the June Quarter as a followup to anomalous Air-core (“AC”) drilling results[1] . The holes have returned some highly encouraging results including;

• ➢ 3m @ 8.16g/t Au from 130m including 1m @ 22.05g/t Au (YRLRC579)

• ➢ 5m @ 3.59g/t Au from 47m including 1m @ 12.30g/t Au (YRLRC584)

• ➢ 18m @ 0.90g/t Au from 94m including 1m @ 7.22g/t Au (YRLRC583)

• ➢ 7m @ 0.67g/t Au from 46m including 1m @ 3.35g/t Au (YRLRC581)

• ➢ 5m @ 0.50g/t Au from 68m including 1m @ 2.03g/t Au (YRLRC585).

The holes were drilled in a southerly direction to target an interpreted east-west trending structure parallel or sub-parallel to the Gordons Dam palaeochannel located 500m to the north-east. Subsequent to the completion of the south directed holes the mineralised north-south oriented felsic-mafic contact (“Malone Contact”) was recognised.

Recent and future RC/diamond drilling at the Malone Contact is oriented in a westerly direction designed to intersect the interpreted Malone contact mineralisation zones at a perpendicular angle. The mineralisation intersected to date at the prospect is located in multiple zones either within the immediate contact zone and within sub-parallel zones within the mafic footwall rocks. Variable amounts of fine and coarse sulphides with vein quartz have been noted in geological logging.

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

ASX Announcement 11 August 2021

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Inset Map
refer Figure 3
Inset Map
refer Figure 4
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Figure 2 – 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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YRL Previous and Current Drill Collars
Coloured by Max Gold
NSA
NSA
5m @ 0.50g/t Au (68m) incl.
-1m @ 2.03g/t Au (68m)
5m @ 3.59g/t Au (47m) incl. NSA
-3m @ 5.73g/t Au (47m)
-2m @ 7.83g/t Au (48m)
-1m @ 12.30g/t Au (48m)
1m @ 1.64g/t Au (75m)
18m @ 0.90g/t Au (94m) incl.
-5m @ 2.55g/t Au (94m)
-2m @ 4.67g/t Au (95m)
-1m @ 7.22g/t Au (95m)
2m @ 0.78g/t Au (52m) incl.
-1m @ 0.95g/t Au (52m)
3m @ 8.16g/t Au (130m) incl.
-2m @ 12.14g/t Au (130m)
-1m @ 22.05g/t Au (130m)
-1m @ 2.22g/t Au (131m)
7m @ 0.67g/t Au (46m) incl. 5m @ 0.22g/t Au (85m - EOH)
-1m @ 3.35g/t Au (46m)
6m @ 243ppb Au (84m - EOH) incl. 34m @ 384ppb Au (40m - EOH) incl.
-2m @ 1,009ppb Au (88m) -4m @ 3,426ppb Au (40m)
-2m @ 348ppb Au (72m – EOH)
8m @ 420ppb Au (36m) incl.
-4m @ 686ppb Au (40m)
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Figure 3 – Plan view drilling collar map coloured by maximum gold grade (g/t Au) for the Gordons Dam and Malone prospects and interpreted geology (Refer to Tables 1 & 2 for all new results).

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Four metre composite aqua regia assay results have been received from 16 reconnaissance AC drill holes completed to blade refusal. A number of highly encouraging results have extended the area of anomalous mineralisation including;

• ➢ 34m @ 384ppb Au from 40m to end-of-hole including 4m @ 3,426ppb Au (YRLAC657) ➢ 6m @ 243ppb Au from 84m to end-of-hole including 2m @ 1,009ppb Au (YRLAC666) ➢ 8m @ 420ppb Au from 36m including 4m @ 686ppb Au (YRLAC653).

To improve the understanding of the Malone mineralisation at depth an initial two hole diamond drilling program has commenced to test beneath the best intercepts to date. In addition results are pending from 52 RC and 142 AC holes completed along the Malone and adjacent contacts. The results when combined with the pending diamond drill hole data should provide the Company with a sound basis to evaluate the size potential of the discovery.

At the Gordons Dam Prospect (Figures 2 & 4) individual fire-assay results have been received from eight reconnaissance RC holes and one diamond hole as a follow-up to earlier anomalous AC and RC intercepts[1] . The holes have returned some encouraging results including;

• ➢ 6m @ 1.04g/t Au from 45m including 1m @ 1.93g/t Au (YRLRC550)

• ➢ 15m @ 0.22g/t Au from 141m including 1m @ 1.42g/t Au and 1m @ 8.21g/t Au from 177m (YRLRC591)

• ➢ 1.30m @ 1.52g/t Au from 85.70m including 0.40m @ 4.40g/t Au and

• ➢ 1.00m @ 0.82g/t Au from 115.00m including 0.40m @ 1.44g/t Au and

• ➢ 0.45m @ 2.12g/t Au from 216.95m (YRLDD008).

Geological and structural interpretation of the results received to date suggest that the highest grade mineralisation is contained within narrow sulphidic quartz veins both within an intrusive granite porphyry and within a deformed pillow basalt sequence. The quartz veins occur at various orientations and are also interpreted to occur parallel to the porphyry contact.

Complicating factors to the interpretation of the mineralisation is the presence of a second unmineralised intrusive porphyry unit and reverse faulting which appear to have offset mineralisation zones.

An additional 240m diamond hole with follow-up RC holes are planned to confirm the current structural interpretation and to evaluate the potential for extensions of high-grade mineralisation at depth.

Further to the south of the Gordons Dam prospect AC holes are planned to initially test the prospectivity of ~8km of strike along the newly defined Alderman Contact (Figure 2).

Next Steps

Key exploration activities planned during the September and December Quarters include;

• Receive and interpret RC and AC assays from drilling completed at the Malone, Cleft, Sheperd, Waterline, Star of Gordon, Sims Find, Cash and Flushing Meadows North prospects;

• Continue focus on drilling with four rigs at the Gordons Dam and Malone prospects and determine target size potential as soon as possible;

• Drill high-impact RC program with potential follow-up diamond drilling at the Mt McClure project.

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

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YRL Previous and Current Drill
Collars Coloured by Max Gold
1.30m @ 1.52g/t Au (85.70m) incl.
-0.40m @ 4.40g/t Au (86.20m)
1.00m @ 0.82g/t Au (115.00m) incl.
-0.44m @ 1.44g/t Au (115.00m)
0.45m @ 2.12g/t Au (216.95m)
6m @ 1.04g/t Au (45m) incl.
-3m @ 1.78g/t Au (46m)
1m @ 0.92g/t Au (88m) -1m @ 2.22g/t Au (47m)
15m @ 0.22g/t Au (141m) incl. 1m @ 0.45g/t Au (89m – EOH)
-1m @ 1.42g/t Au (155m)
1m @ 8.21g/t Au (177m) NSA
NSA
1m @ 0.10g/t Au (89m - EOH)
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Figure 4 – Plan view drilling collar map coloured by maximum gold grade (g/t Au) for the Gordons Dam prospect and interpreted geology (Refer to Tables 1 & 2 for all new results).

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Table 1 – RC 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)
Gordons Dam Prospect RC Intervals (>0.10g/t Au)
YRLRC0550	6633219	360291	96	-60	240	45 51		6 1.04
				including		46 49		3 1.78
				including		47 48		1 2.22 1.93
						89 90		1 0.42 0.45#
YRLRC0551	6633238	360325	102	-60	240	91	92	1	0.35	0.39
YRLRC0552	6633093	360332	90	-60	240			NSA>0.10g/t Au
YRLRC0553	6632928	360311	60	-60	240			NSA>0.10g/t Au
YRLRC0554	6632947	360344	90	-60	240	16	17	1	0.42	0.43
						45	46	1	0.12
YRLRC0555	6632753	360269	90	-60	240	84	85	1	0.13	0.12
YRLRC0571	6632224	360725	90	-60	240	66	67	1	0.09
						89 90		1 0.10#
YRLRC0591	6633674	359792	252	-90	0	27	28	1	0.31
						88	89	1	0.88	0.92
						128	129	1	0.10
						131	133	2	0.15
						137	138	1	0.18
						141 156		15 0.22
				including		155 156		1 1.35 1.42
						177 178		1 8.21 7.88
						183	184	1	0.20
						187	191	4	0.12
Gordons Dam Prospect Diamond Intervals (>0.10g/t Au)
YRLDD0008	6633753	359860	342.10	-75	220	46.00	47.50	1.50	0.43
						85.70 87.00		1.30 1.52
				including		86.20 86.60		0.40 4.40 4.29
						115.00 116.00		1.00 0.82
				including		115.00 115.44		0.44 1.44 1.43
						165.10	165.50	0.40	0.18
						179.50	180.30	0.80	0.59
				including		179.50	180.00	0.50	0.79	0.82
						182.62	184.00	1.38	0.32
				including		182.62	183.15	0.53	0.34
						216.95 217.40		0.45 1.96 2.12
Malone Prospect RC Intervals(>0.10g/t Au)
YRLRC0578	6632756	359185	90	-60	130	85 90		5 0.22#
YRLRC0579	6632796	359138	150	-60	130	21	22	1	0.10
						52 54		2 0.78
				including		52 53		1 0.95 0.60
						106	107	1	0.10
						115	116	1	0.31	0.04
						130 133		3 8.16
				including		130 132		2 12.14

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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		130	131	1 9.95 22.05
				including		131	132	1 2.11 2.22
YRLRC0580	6632687	359112	123	-60	130	1	2	1	0.13	0.02
						52	53	1	0.14
						56	57	1	0.29
						58	64	6	0.14
						68	74	6	0.15
YRLRC0581	6632719	359074	108	-60	130	46	53	7 0.67
				including		46	47	1 3.09 3.35
						84	85	1	0.16
YRLRC0582	6632860	359061	150	-60	130	68	69	1	0.77	0.88
						75	79	4	0.24
						88	92	4	0.13
						100	101	1	0.17
						104	105	1	0.16
						129	133	4	0.11
YRLRC0583	6632924	358985	144	-60	130	75	76	1 1.47 1.64
						80	81	1	0.25
						87	90	3	0.29
						94	112	18 0.90
				including		94	99	5 2.55
				including		95	97	2 4.67
				including		95	96	1 4.25 7.22
YRLRC0584	6632956	358947	120	-60	130	47	52	5 3.59
				including		47	50	3 5.73
				including		48	50	2 7.83
				including		48	49	1 11.45 12.30
						54	55	1	0.10
						69	74	5	0.30
						113	114	1	0.15
YRLRC0585	6633129	358896	150	-60	130	6	7	1	0.12
						68	73	5 0.50
				including		68	69	1 1.97 2.03
						76	78	2	0.19
						84	85	1	0.12
YRLRC0586	6633194	358819	102	-60	130	59	60	1	0.15
						66	68	2	0.54
YRLRC0587	6633290	358704	150	-60	130	94	96	2	0.23
						114	115	1	0.45
						124	128	4	0.50
YRLRC0588	6633170	358998	96	-60	130			NSA>0.10g/t Au
YRLRC0589	6633303	358845	78	-60	130			NSA>0.10g/t Au
YRLRC0590	6633335	358807	84	-60	130			NSA>0.10g/t Au

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Table 2 – 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	0	4	4	29	26
						80 92		12 27#
YRLAC0652	6632719	359074	88	-90	360	0	4	4	37	33
						12	20	8	35
						56 84		28 64
YRLAC0653	6632687	359112	45	-90	360	12	20	8	51
						36 44		8 420
				including		40 44		4 686 664
YRLAC0654	6632655	359150	64	-90	360			NSA>30ppb Au
YRLAC0655	6632623	359189	75	-90	360	60	68	8	23
						72 75		3 35#
YRLAC0656	6632591	359227	70	-90	360	56 60		4 170 163
YRLAC0657	6632558	359265	74	-90	360	40 74		34 384#
				including		40 44		4 3,426 3,260
				including		72 74		2 348# 326#
YRLAC0658	6632526	359304	72	-90	360			NSA>30ppb Au
YRLAC0659	6632494	359342	55	-90	360			NSA>30ppb Au
YRLAC0660	6632984	358447	55	-90	360			NSA>30ppb Au
YRLAC0661	6632952	358486	67	-90	360			NSA>30ppb Au
YRLAC0662	6632919	358524	62	-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		6 243#
				including		88 90		2 1,009# 975#

Notes to Table 1 and 2 ; 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.

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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 Australian 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 of 218m.
	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 & 2 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 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 and 2.
Information		the exploration results including a tabulation of the following	•	All holes reported from the current program are listed in Tables 1 and 2 or can be viewed in Yandal’s
		information for all Material drill holes:		other 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 1 - 4. 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 & 2.
methods		cutting of high grades) and cut-off grades are usually Material	•	All assay intervals reported in Tables 1 & 2 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 1-4 and Tables 1 and 2.
	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 2, 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 1-4.
	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.
data	samples – size and method of treatment; metallurgical test
	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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