YANDAL RESOURCES LIMITED — Capital/Financing Update 2021

Jun 30, 2021

ASX Announcement 1 July 2021

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Drilling to Accelerate at the Gordons Gold Project

Gordons Project

• Exploration at the Gordons Dam and Malone prospects to be fast-tracked with up to four drilling rigs operational in July

• New assay results from near surface intervals from RC drilling completed in the March Quarter highlights include[1] ;

• ➢ 11m @ 2.66g/t Au from 30m including 1m @ 7.59g/t Au and 1m @ 9.16g/t Au (YRLRC0532)

• ➢ 7m @ 1.09g/t Au from 43m including 2m @ 2.58g/t Au (YRLRC0528)

• Assay results are pending from one diamond, 42 AC and 56 RC holes with a further 20,000m of drilling planned throughout the second half of 2021

Yandal Belt Projects

• New RC drilling at the Sims Find prospect has confirmed that mineralisation dips to the west and is open beneath ~150m vertical depth, highlights include[2] ;

• ➢ 5m @ 1.32g/t Au from 193m including 2m @ 2.63g/t Au (YRLRC1003)

• ➢ 1m @ 4.14g/t Au from 58m, 6m @ 1.94g/t Au from 124m including 1m @ 4.42g/t Au and 1m @ 4.69g/t Au and 3m @ 1.74g/t Au from 176m including 1m @ 4.95g/t Au (YRLRC1007)

• Results from a further seven RC holes completed along strike from Sims Find and one from the new Cash prospect located 1.5km directly north along strike from the Corboys gold deposit owned by Northern Star Resources Ltd are pending

• Results from 44 AC holes completed at the Flushing Meadows North prospect are pending

• 4,000m of high-impact RC drilling to commence at the Mt McClure project[3] in the September Quarter.

Yandal Resources Ltd (ASX: YRL , “Yandal Resources” or the “Company”) is pleased to provide an update on exploration activity across its portfolio of highly prospective 100%-owned gold projects in Western Australia (Figure 1).

1 Refer to YRL ASX announcement dated 5 and 27 May 2021, 2 Refer to YRL ASX announcement dated 5 and 27 May 2021, 3 Refer to YRL ASX announcement dated 23 March 2021.

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Registered Address Board Members Gold Projects Yandal Resources Limited Lorry Hughes Managing Director/CEO Ironstone Well (100% owned) ACN 108 753 608 ABN 86 108 753 608 Katina Law Chair Barwidgee (100% owned) Tim Kennedy Non-Executive Director Mt McClure (100% owned) A 159 Stirling Highway Bianca Taveira Company Secretary Gordons (100% owned) Nedlands WA 6009 Shares on Issue 98,015,276 P PO Box 1104 T +61 8 9389 9021 Share Price $0.56 Nedlands WA 6909 E yandal@yandalresources.com.au Market Cap $55M W www.yandalresources.com.au ASX Code YRL

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Figure 1 – Yandal Resources’ gold project locations.

– Gordons Gold Project Gordons Dam and Malone Prospects

During the June Quarter, based on a series of encouraging results throughout 2020/2021, the Company transitioned its priority one focus towards exploration activities at the Gordons Dam and adjacent Malone prospects.

Plans are being executed to have up to four drilling rigs operating in the September Quarter. Currently one Air-core (“AC”) and one reverse circulation (“RC”) rig are operating with a second RC rig due on site in July. Subject to the availability of experienced field personnel a diamond drilling rig is planned to be onsite as soon as possible in the September Quarter.

RC drilling has been semi-continuous throughout the year and the Company has recently received results from the upper parts of several RC holes that were completed in March/April[1] , and from some new RC holes completed in April/May (Figure 2, 3 and Table 1).

Significant new intercepts from the near surface depleted parts of the Gordons Dam Main Zone include[1] ;

• ➢ 11m @ 2.66g/t Au to end-of-hole from 30m including 7m @ 4.09g/t Au including 1m @ 7.59g/t Au and 1m @ 9.16g/t Au (YRLRC532)

• ➢ 7m @ 1.09g/t Au from 43m including 2m @ 2.58g/t Au from 44m and 2m @ 1.17g/t Au including 1m @ 1.81g/t Au (YRLRC528)

• ➢ 1m @ 1.11g/t Au from 43m, 1m @ 1.11g/t Au from 75m and 10m @ 0.38g/t Au to end-ofhole from 162m including 1m @ 2.05g/t Au from 17m (YRLRC573).

Significant intercepts from Gordons Dam South West and South East include[1] ;

• ➢ 2m @ 0.71g/t Au from 88m to end-of hole including 1m @ 1.17g/t Au (YRLRC549) ➢ 8m @ 0.39g/t Au from 44m including 4m @ 0.50g/t Au *4m composite sample (YRLRC550).

1 Refer to YRL ASX announcement dated 5 and 27 May 2021.

ASX Announcement 1 July 2021

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Assay results are pending from a further 56 RC holes for 6,151m, 42 AC holes for 3,022m and one diamond hole for 342m that have been completed since April. It is expected that over the course of the September and December Quarters a further 20,000m of drilling will be undertaken at the prospects.

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Inset Map
refer Figure 3
Inset Map
refer Figure 5
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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.

ASX Announcement 1 July 2021

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YRLRC0528 YRLRC525 YRLRC526 YRLRC531
0-32m – NSA 0-52m - NSA 0-28m - NSA 0-28m - NSA
2m @ 1.12g/t Au (35m) 6m @ 0.45g/t Au (54m) incl. 2m @ 0.77g/t Au (61m) [1 ] 6m @ 0.55g/t Au (29m) [1]
7m @ 1.09g/t Au (43m) 2m @ 1.17g/t Au (73m) -1m @ 1.72g/t Au (54m) YRLDD008 – Assays Pending
YRLRC0528A YRLRC532
0-20m – NSA 0-30m - NSA
4m @ 0.10g/t Au (20m) 11m @ 2.66g/t Au (30m)# incl.
5m @ 5.85g/t Au (38m) [1] incl. -7m @ 4.09g/t Au (33m)
-1m @ 26.28g/t Au (38m) [1 ] YRLRC0534 -1m @ 7.59g/t Au (35m) -1m @ 9.16g/t Au (37m)
0-28m - NSA
YRLRC0527 14m @ 0.92g/t Au (112m) [1] incl.
YRLRC0530 0-28m - NSA 0-24m – NSA 4m @ 0.10g/t Au (24m) 20m @ 0.55g/t Au (28m) [1 ] -1m @ 4.98g/t Au (112m) -1m @ 2.36g/t Au (120m)1 [1 ][1 ]
19m @ 2.86g/t Au (36m) [1] incl.
-7m @ 7.09g/t Au (37m) [1 ] YRLRC0529
-1m @ 38.07g/t Au (37m) [1 ] 0-28m – NSA
16m @ 0.38g/t Au (54m) [1 ]
NEW MALONE
CONTACT TARGET ZONE
4km LONG
YRLRC0537
0-28m - NSA
51m @ 0.33g/t Au (50m) [1] incl.
-3m @ 2.24g/t Au (80m) [1 ]
-1m @ 4.15g/t Au 80m) [1]
YRLRC0539
0-28m - NSA
7m @ 3.36g/t Au (69m) [1] incl.
GORDONS DAM
-1m @ 20.41g/t Au (73m) [1 ]
PORPHYRY TARGET ZONE
Cross section location YRLRC0550 (4m Composite) 4km LONG
(Figure 4) 8m @ 0.39g/t Au (44m) incl.
YRLRC0549# -4m @ 0.50g/t Au (44m)
-4m @ 0.16g/t Au (88m)
2m @ 0.71g/t Au (88m) incl.
-1m @ 1.17g/t Au (80m)
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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 Table 1). 1 Refer to YRL ASX announcement dated 5 and 27 May 2021.

ASX Announcement 1 July 2021

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New RC
Drilling
Commenced
Gordons Dam
Significant AC and
Porphyry Target
RC Intercepts [1 ]
Assays Pending [1 ]
New Malone
Contact Target
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Figure 4 – Schematic cross section through the Gordons Dam and Malone prospects showing drilling, mineralisation targets zones and interpreted geology.

1 Refer to YRL ASX announcement dated 5 and 27 May 2021.

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– Gordons Gold Project Other Prospects

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One metre fire-assays have been returned from reconnaissance RC drilling at the Star of Gordon, Andrews, Bradman and Sheperd prospects (Figures 2).

The Star of Gordon Prospect is located 3.5m east from the Gordons Dam prospect and is 2km directly north along strike from the Gordon Sirdar underground gold mine which is operated by FMR Investments Pty Ltd.

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3m @ 0.44g/t Au (25m) [1] incl.
-1m @ 1.11g/t Au (25m)
YRLRC514
10m @ 2.53g/t Au (27m) [1] incl.
-1m @ 4.35g/t Au (31m)
-2m @ 6.88g/t Au (34m)
-1m @ 5.19g/t Au (34m)
-1m @ 8.56g/t Au (35m)
-2m @ 2.46g/t Au (41m)
YRLRC513
8m @ 4.69g/t Au (15m) [1] incl.
-6m @ 5.88g/t Au (15m)
-2m @ 10.20g/t Au (19m) OPEN
-1m @ 13.29g/t Au (19m)
11m @ 0.48g/t Au (14m) [1] incl.
-1m @ 1.23g/t Au (18m)
-1m @ 1.03g/t Au (21m) 3m @ 2.11g/t Au (61m) [1] incl.
-1m @ 3.67g/t Au (62m)
5m @ 0.95g/t Au (35m) [1] incl.
-1m @ 2.73g/t Au (39m) 4m @ 0.11g/t Au (128m) [1] EOH
4m @ 0.86g/t Au (40m) [1] incl.
-1m @ 2.99g/t Au (41m)
3m @ 1.11g/t Au (59m) incl.
-1m @ 1.82g/t Au (61m)
2m @ 1.57g/t Au (51m) [1] incl. 1m @ 0.14g/t Au (22m)
1m @ 0.20g/t Au (62m)
-1m @ 2.63g/t Au (51m)
9m @ 0.41g/t Au (24m) [1] incl.
-1m @ 1.44g/t Au (26m)
6m @ 1.37g/t Au (94m) [1] incl.
-1m @ 6.12g/t Au (26m) 3m @ 0.13g/t Au (13m)
2m @ 0.17g/t Au (19m)
5m @ 0.16g/t Au (62m)
3m @ 0.15g/t Au (17m)
2m @ 1.28g/t Au (18m) [1] incl. 20m @ 0.76g/t Au (14m) [1] incl.
-1m @ 1.69g/t Au (19m) -5m @ 2.44g/t Au (21m)
-1m @ 1.12g/t Au (71m) -1m @ 4.68g/t Au (22m)
-1m @ 3.09g/t Au (23m)
1
2m @ 1.91g/t Au (10m) [1] incl.
-1m @ 2.32g/t Au (11m)
-1m @ 1.62g/t Au (50m)
2m @ 0.66g/t Au (50m) incl. 1m @ 0.80g/t Au (3m)
-1m @ 1.16g/t Au (50m) 1m @ 0.16g/t Au (109m)
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Figure 5 – Plan view drilling collar map for the Star of Gordons prospect coloured by maximum gold grade (g/t Au), recent downhole intercepts with a proposed six RC follow-up program near high-grade intercepts[1] (Refer to Table 1).

1 Refer to YRL ASX announcement dated 27 May 2021.

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A first pass 43 hole (4,197m) RC program was completed in the March Quarter to test ~1.5km strike length of shallow historic workings and surficial prospecting areas (Figures 2, 5 and Table 1). Most holes were reported in the Yandal Resources ASX release dated 27 May 2021 and the final seven holes for 774m are reported in this release.

The drilling was generally shallow and intersected mostly low grades in the area reported. A six hole followup RC program is planned to be completed in the September Quarter to test for extensions to the high-grade mineralisation intersected in holes YRLRC 513 and 514 (Figure 5).

The Andrews Prospect is located 2km south-east along strike from the Gordons Dam prospect and five RC holes were completed for 450m. Anomalous gold values were returned from two holes (Table 1).

The Bradman Prospect is located 3.5km south along strike from current drilling at the Malone prospect and two RC holes were completed for 204m to follow up anomalous historic intercepts. Low level gold values were returned from one hole (Table 1).

The Sheperd Prospect is located ~10km south-east along strike from current drilling at the Gordons Dam prospect and four holes were completed for 300m. The holes were originally designed to test a mineralised quartz vein interpreted to trend east-west, however, the drilling direction was mistakenly oriented toward the east. No anomalous results were returned and follow-up drilling is planned to test the vein at the original orientation (Table 1).

– Barwidgee Gold Project Sims Find and Cash Prospects

At the Sims Find Prospect new RC drilling has intersected significant gold mineralisation beneath earlier shallow RC intercepts[1] and historic workings within the 100%-owned Barwidgee gold project in Western Australia (Figures 6-9).

A total of 14 angled RC holes for 2,992m at downhole depths between 136-300m were completed at Sims Find during the June Quarter and 1m assays results have been received from seven holes (Table 2).

The holes were designed to extend recent high-grade gold intersected in shallow RC drilling completed in the December Quarter 2020 and reported in the March Quarter 2021. The earlier drilling returned some spectacular shallow intercepts within multiple quartz veins, sulphides and shears hosted within and at the contacts of a coarse grained dolerite unit including;

• ➢ 8m @ 24.30g/t Au[1] from 9m including 1m @ 129.00g/t Au[1] from 12m (YRLRC457) ➢ 3m @ 20.85g/t Au[1] from 30m including 1m @ 62.25g/t Au[1] from 30m (YRLRC447)

• ➢ 5m @ 6.53g/t Au[1] from 17m including 1m @ 30.40g/t Au[1] from 17m (YRLRC445).

New 1m fire assay from the drilling beneath the Sims Find Main Zone have returned a number of significant intercepts that confirm the continuation of the mineralisation system for over 400m of strike and to at least 150m vertical depth. The Company is very encouraged by the results returned from the small number of holes drilled into the Main Zone. Highlights include;

• ➢ 9m @ 0.85g/t Au from 189m including 2m @ 2.63g/t Au from 195m (YRLRC1003)

• ➢ 1m @ 4.14g/t Au from 58m, 6m @ 1.94g/t Au from 124m including 1m @ 4.42g/t Au from 124m and 1m @ 4.69g/t from 129m and 3m @ 1.74g/t Au from 176m including 1m @ 4.95g/t Au from 176m (YRLRC1007).

1 Refer to YRL ASX announcement dated 22 December 2020 and 2 March 2021.

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Wiluna Gold Mine
(ASX: WMX)
Jundee Gold Mine
(ASX: NST)
Inset Map refer
Figure 10
Inset Map
refer Figure 9
Bronzewing
Gold Mine
(ASX: NST)
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Figure 6 – Location map of key prospects within the Ironstone Well and Barwidgee gold projects in relation to nearby operating third party gold mines, project tenure and regional geology.

A downhole televiewer three-dimensional logging program was conducted shortly after drilling to assist with the compilation of a robust geological interpretation of the structural aspects controlling the high-grade mineralisation. The logging confirmed a consistent perpendicular to hole axis westerly dip of the narrow mineralisation zones and will be used for follow-up target generation at depth and along strike.

The current geological interpretation indicates gold mineralisation occurs in multiple moderately dipping zones containing variable amounts of quartz, pyrite and chalcopyrite both within and related to the contacts of a coarse-grained dolerite unit. The holes were drilled to a maximum downhole depth of 300m to provide an initial test of the depth potential and for strike extensions to the Sims Find Main Zone.

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In addition six holes were completed to test some promising Induced Polarisation (“IP”) targets. The results from testing IP targets were generally disappointing, however, all holes completed beneath the Sims Find Main Zone successfully intersected significant mineralisation.

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A A’
3m @ 0.97g/t Au from 10m incl.
-1m @ 2.65g/t Au from 10m
Top of Fresh Rock
Boundary
2m @ 12.27g/t Au [1] from 37m incl.
-1m @ 24.03g/t Au [1] from 37m
3m @ 2.54g/t Au [1] from 60m incl.
2m @ 1.16g/t Au from 50m incl. -1m @ 7.42g/t Au [1] from 62m
-1m @ 2.21g/t Au from 50m
1m @ 4.14g/t Au from 58m
7m @ 3.50g/t Au [1] from 23m incl.
-1m @ 12.05g/t Au [1] from 26m
6m @ 1.94g/t Au from 124m incl.
-1m @ 4.42g/t Au from 124m
-1m @ 4.69g/t Au from 129m
3m @ 1.74g/t Au from 176m incl.
-1m @ 4.95gt Au from 176m
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Figure 7 – Sims Find prospect schematic cross section plan (A – A’, refer Figure 8 for location) over interpreted geology, weathering domains and interpreted mineralisation envelops. The grey text boxes are new results and the white text boxes are results from the December and March Quarter program.

1 Refer to YRL ASX announcement dated 22 December 2020 and 2 March 2021.

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1015
1014
Assays
Pending
YRLRC0432 [1 ]
2m @ 12.27g/t Au from 23m incl.
1010 -1m @ 24.31g/t Au from 37m
YRLRC0431 [1 ]
7m @ 3.50g/t Au from 23m incl.
-1m @ 10.33g/t Au from 23m
-1m @ 12.05g/t Au from 26m
YRLRC1007 -1m @ 7.42g/t Au from 62m
1m @ 2.65g/t Au from 10m
1m @ 2.21g/t Au from 50m 1m @ 4.14g/t Au from 58m 1013 1009
6m @ 1.94g/t Au from 124m incl.
-1m @ 4.42g/t Au from 124m 1012 A’ Section line refer Figure 7
-1m @ 4.69g/t Au from 129m
1m @ 4.95g/t Au from 176m 1005
YRLRC0445 [1 ]
YRLRC04471 5m @ 6.53g/t Au from 17m incl. -1m @ 30.40g/t Au from 17m
3m @ 20.85g/t Au from 30m incl. 2m @ 2.77g/t Au from 52m incl.
-1m @ 60.25g/t Au from 30m -1m @ 4.39g/t Au from 52m
YRLRC1008 A 1004
12m @ 0.30g/t Au from 76m incl.
-1m @ 0.58g/t Au from 79m
-1m @ 1.85g/t Au from 87m 1011
8m @ 0.32g/t Au from 113m incl.
-3m @ 0.70g/t Au from 113m
-1m @ 1.38g/t Au from 113m
1006
Assays
Pending
YRLRC1003
9m @ 0.85g/t Au from 189m incl.
-1m @ 0.54g/t Au from 190m
-5m @ 1.32g/t Au from 193m incl. 1002
-2m @ 2.63g/t Au from 195m incl.
-1m @ 2.47g/t Au from 195m
-1m @ 2.78g/t Au from 196m
9m @ 0.22g/t Au from 203m YRLRC0457 [1 ]
13m @ 15.01g/t Au from 6m incl.
-8m @ 24.30g/t Au from 9m incl.
-5m @ 37.96g/t Au from 12m incl.
-1m @ 129.00g/t Au from 12m
-1m @ 33.34g/t Au from 13m
@
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Figure 8 – Sims Find prospect plan showing interpreted geology, selected RC intercepts from the last two programs, the location of schematic cross section (Figure 7) and RC holes with assays pending (refer Table 1 for all results and Figures 6-9). The grey text boxes are new results and the white text boxes are results from the December and March Quarter program.

Results from a further seven RC holes completed along strike from Sims Find and one from the new Cash prospect 12km south of Sims Find and 1km directly along strike from the Corboys gold deposit owned by Northern Star Resources Ltd are pending.

1 Refer to YRL ASX announcement dated 22 December 2020 and 2 March 2021.

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At the Cash Prospect (Figure 9) one 304m RC hole was completed beneath historic workings which is located 1.5km north along strike of Northern Star’s Corboys gold deposit. Assay results for this work are pending. Recent RC drilling by Northern Star has returned downhole intercepts including 34m @ 4.0g/t Au[1] , 5m @ 21.1g/t Au[1] and 26m @ 3.4g/t Au[1] . All available results are tabulated in Table 1.

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Sims Find
Refer Figure 8
Prospect
Strike Extension
Targets
Granite Contact
Targets
Cash Prospect
Strike Extension
Targets
Recent RC drill intercepts
released by Northern Star
Resources Ltd include;
-34m @ 4.0g/t Au [1 ]
-5m @ 21.1g/t Au [1 ]
-26m @ 3.4g/t Au [1 ]
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Figure 9 – Sims Find and Cash prospect plan showing regional geology, RC drill collars reported in this release and new RC drill collars with assays pending. Note the location of the Cash prospect in relation to the Corboys gold deposit and the historic Stanley and Warratah workings which are owned by Northern Star Resources Ltd.

1 Refer to Northern Star Resources Ltd’s ASX announcement dated 3 March 2021.

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– Ironstone Well Gold Project Flushing Meadows North and Regional Prospects

A total of 44 angled AC holes for 3,552m at downhole depths between 36-108m were completed at the Flushing Meadows North Prospect (Figures 6 & 10). The holes were drilled to blade refusal and part of a significantly larger 400m – 800m spaced reconnaissance program to thoroughly test the areas within an eight kilometre radius of the Company’s Flushing Meadows gold deposit.

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Oblique
Prospect
Flushing Meadows
Prospect
Quarter Moon
Prospect
Flinders Park
Prospect
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Figure 10 – Flushing Meadows, Oblique, Quarter Moon and Flinders Park prospect plan showing regional geology and new and proposed AC drill collars. Note the lack of effective drilling outside the main deposit areas.

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The holes were completed during May and early June prior to mobilising the drilling rig to the Gordons gold project where it will complete a high-priority program before resuming this program in the December Quarter. All assays from this program are pending.

– Mt McClure Gold Project HMS Sulphur, Success and Parmelia Prospects

A high-impact RC program is planned to follow-up a number of significant results returned from a 2,813m program completed in the March Quarter[1] . A total of 26 angled RC holes were completed at the HMS Sulphur, Success, Parmelia and Challenger prospects.

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Figure 11 – Mt McClure project plan showing Yandal tenements, regional prospects, geological interpretation and nearby mining infrastructure owned by Northern Star Resources Ltd (ASX: NST).

1 Refer to YRL ASX announcement dated 23 March 2021.

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Currently 11 RC holes to a maximum depth of 350m are planned to test the size potential of the highest priority targets. Site access has been prepared for this work and it is planned to commence in early to midJuly when drilling personnel become available. Some high-priority targets are shown in Figures 12-14.

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HMS Sulphur Prospect
>3km long strike length of
anomalous reconnaissance drill
intercepts not tested at depth
YRLRC0401 [1 ]
11m @ 2.56g/t Au from 73m incl.
-8m @ 3.25g/t Au from 76m
-2m @ 9.31g/t Au from 82m
YRLRC0400 [1 ] -1m @ 12.24g/t Au from 83m
6m @ 1.61g/t Au from 36m incl.
-1m @ 5.35g/t Au from 39m
YRLRC0403 [1 ]
YRLRC0402 [1 ]
8m @ 0.48g/t Au from 53m incl.
8m @ 0.74g/t Au from 36m incl.
-1m @ 1.71g/t Au from 57m
-1m @ 3.77g/t Au from 37m
Cross Section
location (Figure 13)
YRLRC0425 [1 ]
6m @ 0.47g/t Au from 238m incl.
-1m @ 1.12g/t Au from 239m
Success
Open Pit
YRLRC0405 [1 ]
17m @ 0.44g/t Au from 61m incl.
-3m @ 1.57g/t Au from 65m
YRLRC0406 [1 ]
1m @ 1.74g/t Au from 43m
YRLRC0404 [1 ]
1m @ 1.61g/t Au from 25m
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Figure 12 – HMS Sulphur and Success prospect plan with new and historic drill collars, maximum gold values projected to the collar, infrastructure, geological interpretation, cross-section A - A’ location (Figure 13) and proposed follow-up high-impact RC drilling traces.

1 Refer to YRL ASX announcement dated 23 March 2021.

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A A’
Proposed RC Hole
8m @ 0.74g/t Au from 36m [1] incl.
-1m @ 3.77g/t Au from 37m
Base of Complete Oxidation
OPEN Top of Fresh Rock Boundary
11m @ 2.56g/t Au from 73m [1] incl.
-8m @ 3.25g/t Au from 76m
-2m @ 9.31g/t Au from 82m
-1m @ 12.24g/t Au from 83m
HMS Sulphur
Lode Primary
Target
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Figure 13 – HMS Sulphur prospect schematic cross section plan (A – A’, refer Figure 12 for location) with recent and historic drill traces, grades and interpreted weathering domains.

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B Proposed B’
RC Hole
Historic drilling
too shallow
OPEN 2m @ 4.81g/t Au from 178m [1 ]
6m @ 2.09g/t Au from 203m [1] incl.
-2m @ 5.22g/t Au from 206m
-1m @ 7.13g/t Au from 206m
Parmelia Lode
Primary Target
(~200m below
base of pit)
----- End of picture text -----

Figure 14 – Parmelia prospect schematic cross section plan (B – B’, refer Figure 15 for location) with recent and historic drill traces, grades and interpreted weathering domains.

1 Refer to YRL ASX announcement dated 23 March 2021.

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----- Start of picture text -----

YRLRC0406 [1 ]
1m @ 1.74g/t Au from 43m
YRLRC0419 [1 ]
2m @ 4.81g/t Au from 178m
6m @ 2.09g/t Au from 203m incl.
-2m @ 5.22g/t Au from 206m
-1m @ 7.13g/t Au from 206m
Parmelia Open Pit
No drilling to
test for down
YRLRC0420 [1 ] dip extensions
for >600m
YRLRC0421 [1 ]
5m @ 1.79g/t Au from 93m incl.
-2m @ 3.94g/t Au from 93m
-1m @ 5.29g/t Au from 93m
8m @ 0.68g/t Au from 120m incl.
-1m @ 3.23g/t Au from 120m
----- End of picture text -----

Figure 15 – Parmelia prospect plan with new and historic drill collars, maximum gold values projected to the collar, infrastructure, geological interpretation, cross-section B - B’ location (Figure 14) and proposed follow-up high-impact RC drilling traces.

1 Refer to YRL ASX announcement dated 23 March 2021.

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Next Steps

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

• Receive and interpret assays from drilling completed at the Gordons Dam, Malone, Cleft, Sims Find, Cash and Flushing Meadows North prospects;

• Continue focus on drilling with up to 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.

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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Table 1 – RC drill collar locations, depth, orientation and 1m down hole assay results - Gordons gold project (Note red text indicates hole collar data and intervals with new assays the subject of this release, black text indicates the assay intervals were previously released from the project on 5 May 2021).

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)
YRLRC0525	6633656	359626	60	-60	220	0	52	NSA>0.10g/t Au
						54	60	6 0.45
				including		54	55	1 1.63 1.72
				including		59	60	1 0.52 0.54
YRLRC0525A	6633656	359626	90	-60	220	0	28	NSA>0.10g/t Au
						51	54	3	0.15
						58	60	2	0.11
YRLRC0526	6633669	359623	90	-60	180	0	28	NSA>0.10g/t Au
						61	63	2	0.77
YRLRC0527	6633601	359668	84	-60	180	0	24	NSA>0.10g/t Au
						24	28	4	0.10*
						28	48	20 0.55
				including		34	35	1 1.31 1.52
				including		37	40	3 1.88
				including		37	38	1 2.91 3.08
				including		38	39	1 1.89
				including		43	44	1 1.03 0.95
						60	64	4	0.09
						81	82	1	0.15
YRLRC0528	6633641	359668	96	-60	180	0	32	NSA>0.10g/t Au
						35	39	4 0.61
				including		35	37	2 1.12
				including		36	37	1 1.33 1.49
						43	50	7 1.09
				including		44	46	2 2.58
				including		45	46	1 2.68 2.81
						52	53	1	0.13
						56	57	1	0.10
						62	63	1	0.47	0.48
						73	75	2 1.17
				including		74	75	1 1.81 1.72
YRLRC0528A*	6633641	359668	120	-60	180	0	20	NSA>0.10g/t Au
						20	24	4	0.10*
						38	43	5	5.85
				including		38	40	2	14.17
				including		38	39	1	22.32	26.28
						51	59	8	0.45
						61	62	1	0.14
						64	65	2	0.15
						73	74	1	0.22
						87	92	5	0.10
						99	100	1	0.10

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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)
						115	119	4	0.23
YRLRC0529	6633686	359651	120	-60	220	0	28	NSA>0.10g/t Au
						54 70		16 0.38
				including		60 61		1 0.99 1.29
						74 75		1 1.55 1.73
						86	87	1	0.17
YRLRC0530	6633637	359693	126	-60	180	0	28	NSA>0.10g/t Au
						30	31	1	0.31
						34	35	1	0.31
						36 55		19 2.86
				including		37 44		7 7.09
				including		37 39		2 20.89
				including		37 38		1 18.03 38.07
				including		41 44		3 2.38
						58 75		17 0.28
				including		68 75		7 0.48
				including		68 69		1 1.00
				including		74	75	1	0.71
						80	82	2	0.25
						94	95	1	0.25
YRLRC0531	6633677	359693	138	-60	180	0	28	NSA>0.10g/t Au
						29 35		6 0.55
						40 41		1 0.94
						57	58	1	0.18
						73	74	1	0.12
						78	80	2	0.42
						97	100	3	0.43
						104	105	1	0.44
YRLRC0532	6633663	359718	41	-60	180	0	30	NSA>0.10g/t Au
						30 41		11 2.66#
				including		33 40		7 4.09
				including		35 36		1 7.59 7.31
				including		37 38		1 8.66 9.16
YRLRC0532A	6633663	359718	48	-60	180	4	11	7	0.21
						16	28	NSA>0.10g/t Au
						30	32	2	0.42
						35	36	1	0.43
YRLRC0533	6633703	359718	162	-60	180	0	28	NSA>0.10g/t Au
						42	43	1	0.17
						51	60	9	0.18
						93	94	1	0.32
						97 132		35 0.80
				including		116 122		6 3.39
				including		119 120		1 5.21 9.25
				including		121 122		1 3.50 3.71
				including		128 129		1 1.50 1.61

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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)
						140	142	2	0.11
						150	152	2 0.86
				including		151	152	1 1.32 1.29
						159	160	1	0.52
YRLRC0534	6633674	359792	156	-60	220	0	28	NSA>0.10g/t Au
						32	34	2 1.24
				including		33	34	1 2.10 2.22
						39	41	2	0.17
						64	72	8	0.30
						88	89	1	0.17
						96	102	6 0.40
				including		100	101	1 1.66 1.39
						112	126	14 0.92
				including		112	113	1 4.98 3.99
				including		120	121	1 2.30 2.36
						130	147	17 0.48
				including		139	141	2 1.53
				including		139	140	1 2.02 1.81
						153	154	1	0.54
YRLRC0535	6633562	359803	120	-70	40	0	16	NSA>0.10g/t Au
						19	20	1	0.25
						30	39	9 0.75
				including		38	40	2 0.49
				including		31	32	1 3.46 3.51
				including		36	37	1 1.52 1.60
						42	61	19	0.17
						74	75	1	0.22
						76	78	2	0.33
YRLRC0536*	6633600	359784	126	-75	40	0	24	NSA>0.10g/t Au
						24	28	4	0.26*
						28	31	3 1.93
				including		29	30	1 4.70 5.04
						33	38	5	0.18
						45	46	1	0.27
						55	59	4	0.15
						61	62	1	0.17
						90	95	5	0.30
YRLRC0537	6633552	359743	120	-75	40	0	28	NSA>0.10g/t Au
						34	35	1	0.18
						38	39	1	0.85	0.94
						45	47	2	0.30
						50	101	51	0.33
				including		72	75	3	0.70
				including		80	83	3	2.24
				including		80	81	1	3.86	4.15
				including		82	83	1	1.62
						106	108	2	0.23

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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)
						117	118	1	0.70
YRLRC0538	6633653	359744	120	-60	0	0	28	NSA>0.10g/t Au
						30	46	16 1.38
				including		32	37	5 3.95
				including		32	33	1 12.34 13.46
				including		35	36	1 4.02
						51	54	3	0.31
						113	114	1	0.12
YRLRC0539	6633633	359728	120	-80	40	0	28	NSA>0.10g/t Au
						30	31	1	0.10
						33	38	5 0.34
				including		34	35	1 0.89 0.99
						48	50	2	0.13
						58	61	3	0.12
						69	76	7 3.36
				including		73	75	2 11.10
				including		73	74	1 20.41 18.54
						81	86	5	0.15
						89	119	30 0.28
				including		96	97	1 1.82 2.11
YRLRC0540	6633613	359689	168	-80	40	0	28	NSA>0.10g/t Au
						28	29	1	0.68
						31	40	9 3.78
				including		31	33	2 15.80
				including		31	32	1 7.43 8.59
				including		32	33	1 21.63 23.01
				including		37	38	1 1.22 1.30
						45	50	5 0.43
				including		48	49	1 1.41 1.48
						56	58	2 0.54
						66	69	3	0.13
						72	75	3	0.52
						80	84	4 0.66
				including		82	83	1 1.39 1.52
						93	100	7 0.69
				including		99	100	1 3.85 4.12
						104	107	3 0.60
				including		104	105	1 1.28 1.33
						143	144	1	0.13
						148	152	4 0.70
				including		149	150	1 2.43 2.20
						158	159	1	0.30
						161	162	1	0.52
YRLRC0541	6633485	359690	180	-60	40	0	28	NSA>0.10g/t Au
						38	39	1	0.18
						41	42	1	0.18
						44	45	1	0.20

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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)
						54	56	2	0.13
						71	72	1	0.22
						76	77	1	0.20
						88	89	1	0.26
						100	101	1	0.10
YRLRC0542	6633677	359693	126	-80	40	0	28	NSA>0.10g/t Au
						42	43	1	0.02	0.11
						45	46	1	0.34
						49	52	3	0.12
						58	59	1	0.13
						61	63	2	0.12
						66	72	6	0.20
						77	78	1	0.15
						82	83	1	0.11
						94	95	1	0.20
						100	101	1	0.26
						110	125	15 0.32
				including		113	114	1 1.41 1.51
YRLRC0543	6633678	359693	120	-60	0	0	28	NSA>0.10g/t Au
						49	50	1	0.13
						57	58	1	0.13
						85	86	1	0.10
						89	90	1	0.10
						101	102	1 0.78 0.82
						118	120	2 10.83#
				including		118	119	1 20.68 19.59
YRLRC0544	6633219	359434	108	-60	180	0	108	NSA>0.10g/t Au
YRLRC0545	6633155	359511	72	-60	180	0	72	NSA>0.10g/t Au
YRLRC0546	6633123	359549	66	-60	180	0	66	NSA>0.10g/t Au
YRLRC0546	6633123	359549	90	-60	180	0	90	NSA>0.10g/t Au
YRLRC0547	6633021	359372	90	-60	180	71	73	2	0.29
						78	79	1	0.10
						81	82	1	0.27
YRLRC0548	6633083	359293	90	-60	180	82	83	1	0.10
YRLRC0549	6632920	359198	90	-60	180	88	90	2 0.71#
				including		88	89	1 1.11 1.17
YRLRC0550*	6633219	360291	96	-60	240	44	52	8 0.39*
				including		44	48	4 0.50 0.49**
						88	92	4 0.16 0.18**
YRLRC0551*	6633238	360325	102	-60	240	88	92	4 0.15 0.16**
YRLRC0552*	6633093	360332	90	-60	240	0	90	NSA>0.10g/t Au
YRLRC0553*	6632928	360311	60	-60	240	0	60	NSA>0.10g/t Au
YRLRC0554*	6632947	360344	90	-60	240	16	20	4 0.10 0.11**
						44	48	4 0.12 0.13**
YRLRC0555*	6632753	360269	90	-60	240	0	90	NSA>0.10g/t Au
YRLRC0556	6632893	360512	72	-60	240	0	56	NSA>0.10g/t Au

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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)
YRLRC0557	6632764	359386	84	-60	180	80	83	3	0.32
YRLRC0573	6633686	359651	172	-60	40	0	28	Assays Pending
						43	46	3 0.42
				including		43	44	1 1.03 1.11
						51	52	1	0.16
						70	71	1	0.25
						74	79	5 0.55
				including		75	76	1 1.11 0.99
						81	82	1	0.10
						114	115	1	0.12
						119	120	1	0.19
						124	126	2	0.26
						142	144	2	0.13
						147	155	8	0.18
						158	159	1	0.13
						162	172	10 0.38#
				including		163	164	1 0.48 0.51
				including		168	172	4 0.69
				including		170	171	1 2.05 1.93
Bradman Prospect RC Intervals(>0.10g/t Au)
YRLRC0566	6630478	360616	114	-60	240	0	114	NSA>0.10g/t Au
YRLRC0567	6630763	360416	90	-60	240	50	54	4	0.28
						57	59	2	0.66
Andrews Prospect RC Intervals (>0.10g/t Au)
YRLRC0568	6632415	360461	108	-60	240	89	90	1	0.69	0.65
						92	94	2	0.31
YRLRC0569	6632511	360627	72	-60	240	0	72	NSA>0.10g/t Au
YRLRC0570	6632575	360738	90	-60	240	0	90	NSA>0.10g/t Au
YRLRC0571*	6632223	360728	90	-60	240	64	68	4 0.19 0.22**
YRLRC0572	6632150	360798	90	-60	240	0	90	NSA>0.10g/t Au
Star of Gordon RC Intervals (>0.10g/t Au)
YRLRC0558	6632213	363403	90	-60	230	22	23	1	0.14
						62	63	1	0.20
YRLRC0559	6631940	363387	120	-60	230	17	20	3	0.15
YRLRC0560	6631986	363443	120	-60	230	13	16	3	0.13
						19	21	2	0.17
						62	67	5	0.16
YRLRC0561	6631851	363437	132	-60	230			NSA>0.10g/t Au
YRLRC0563	6631788	363518	60	-60	230	50	52	2	0.66
				including		50	51	1	1.16	1.10
						55	56	1	0.10
YRLRC0564	6631800	363533	132	-60	230	3	4	1	0.18
						5	6	1	0.20
YRLRC0565	6631710	363609	120	-60	230	3	4	1	0.80
						109	110	1	0.16

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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)
						115	116	1	0.08#
Sheperd RC	Intervals (>0.10g/t Au)
YRLRC0574	6626090	364757	60	-60	240	0	60	NSA>0.10g/t Au
YRLRC0575	6626104	364756	60	-60	240	0	60	NSA>0.10g/t Au
YRLRC0576	6626091	364795	90	-60	240	0	90	NSA>0.10g/t Au
YRLRC0577	6626112	364798	90	-60	240	0	90	NSA>0.10g/t Au

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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Table 2 – RC drill collar locations, depth, orientation and down hole assay results for the Barwidgee 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)
Sims Find Prospect RC Intervals(>0.05g/t Au)
YRLRC1003	7016551	295308	252	-60	50	18	19	1	0.09
						21	22	1	0.25
						60	61	1	0.31
						129	133	4	0.09
						140	141	1	0.15
						152	157	5	0.11
						189	198	9	0.85
				including		190	191	1	0.53	0.54
				including		193	198	5	1.32
				including		195	197	2	2.63
				including		195	196	1	2.47	2.31
				including		196	197	1	1.08	2.78
						203	212	9	0.22
				including		204	205	1	0.51	0.56
				including		210	211	1	0.20	0.45
						218	221	3	0.20
				including		218	219	1	0.41	0.44
						226	229	3	0.09
YRLRC1007	7016713	295112	250	-60	50	10	13	3	0.97
				including		10	11	1	2.59	2.65
						20	23	3	0.22
						50	52	2	1.16
				including		50	51	1	2.02	2.21
						58	59	1	3.77	4.14
						62	64	2	0.14
						98	100	2	0.61
				including		99	100	1	0.99	0.89
						107	108	1	0.06
						120	122	2	0.19
						124	130	6	1.94
				including		124	125	1	4.11	4.42
				including		129	130	1	4.69	3.98
						137	138	1	0.07
						176	179	3	1.74
				including		176	177	1	4.95	3.82
						188	189	1	0.15
						191	193	2	0.13
						206	207	1	0.05
						221	223	2	0.42
				including		221	222	1	0.70	0.78
						226	228	2	0.08
						233	234	1	0.83	0.79
YRLRC1008	7016621	295236	250	-60	50	23	24	1	0.27
						50	51	1	0.06

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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)
						63	65	2	0.09
						76 88		12 0.30
				including		79 80		1 0.52 0.58
				including		87 88		1 1.85 1.66
						113 121		8 0.32
				including		113 116		3 0.70
				including		113 114		1 1.36 1.27
						126	127	1	0.06
						142 144		2 0.30
						152	153	1	0.05
						160	165	5	0.07
						208	209	1	0.06
						232 234		2 0.30
YRLRC1011	7016576	295341	300	-60	50	Assays Pending
YRLRC1012	7016974	294885	250	-60	50	Assays Pending
YRLRC1013	7017051	294977	250	-60	50	Assays Pending
YRLRC1014	7017655	294319	136	-60	50	Assays Pending
YRLRC1015	7017732	294410	76	-60	50	Abandoned, Assays Pending
Sims Find Induced Polarisation Targets RC Intervals (>0.05g/t Au)
YRLRC1002	7016124	295416	90	-60	50	10	11	1	0.05
						17	18	1	0.09	0.11
						24	25	1	0.06	0.07
YRLRC1004	7016629	296018	270	-60	50	52	53	1	0.09	0.10
						64	65	1	0.06
						142	143	1	0.11
						187	190	3	0.06
YRLRC1005	7016871	295223	210	-60	50	14	19	5	0.05
						94	95	1	0.05
						170	171	1	0.05
						203	204	1	0.10
YRLRC1006	7016418	295149	198	-60	50	15	16	1	0.10	0.08
						31	33	2	0.16
						50	51	1	0.19
						52 53		1 0.25 0.28
						62	63	1	0.05
						77	78	1	0.10
						85	86	1	0.05
						89	90	1	0.09
						107 108		1 0.48 0.52
						115 116		1 0.20
						134 135		1 0.20
						151	152	1	0.11
YRLRC1009	7017045	295430	180	-60	50	Assays Pending
YRLRC1010	7017298	294630	280	-60	50	Assays Pending
Cash Prospect RC Intervals (>0.05g/t Au)
YRLRC1016	7005575	297420	304	-60	220	Assays Pending

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

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’.

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Appendix 1 – Gordons, Ironstone Well, Barwidgee and Mt McClure Gold Projects 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,	•	For Yandal drilling, 4m composite samples taken with a scoop being thrust to the bottom of the sample
techniques	or specific specialised industry standard measurement tools		bag which is laid out in individual metres in a plastic bag on the ground. For RC drilling 1m single splits
	appropriate to the minerals under investigation, such as down		taken using riffle splitter at time of drilling, if 4m composites are anomalous (>100-200ppb), 1m single
	hole gamma sondes, or handheld XRF instruments, etc.). These		splits are submitted for analyses. Average sample weights about 3.0-4.0kg for 4m composites and 3.0-
	examples should not be taken as limiting the broad meaning of		4.0kg for 1m samples.
	sampling.	•	Historical drilling at all prospects and the surrounding areas is highly variable with initial composite
			sample intervals usually being between 3 and 4m collected from samples laid on the ground or collected
			in sample bags with the composites taken either via spear sampling or splitting. Single metre samples
			were collected either from the original residue in the field or by collecting a one metre sample from a
			cyclone / splitter.Singlemetersampleweightswere usuallyless than3kg.
	Include reference to measures taken to ensure sample	•	For Yandal RC drilling regular air and manual cleaning of cyclone to remove hung up clays where
	representivity and the appropriate calibration of any		present. Routinely regular standards are submitted during composite analysis and standards, blanks
	measurement tools or systems used.		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.
		•	Historical sampling at all prospects has had highly variable QAQC procedures depending on the
			operator. However, these would usually include submitting regular duplicates, blanks and standards.
			Sampling equipment (cyclones, splitters, sampling spears) were reported as being regularly cleaned
			however again this is highly variable depending on the operator. Standards & replicate assays taken by
			thelaboratory.
	Aspects of the determination of mineralisation that are Material	•	RC drilling was used to obtain 1m samples from which approximately 1.0-3.0kg sample was pulverised
	to the Public Report. In cases where ‘industry standard’ work		to produce a 50g fire assay with ICP-MS (inductively coupled plasma - mass spectrometry) finish gold
	has been done this would be relatively simple (e.g. ‘reverse		analysis (0.01ppm detection limit) by Aurum Laboratories in Beckenham, Western Australia. Samples
	circulation drilling was used to obtain 1 m samples from which 3		assayed for Au only for this program. Drilling intersected oxide, transitional and primary mineralisation
	kg was pulverised to produce a 30 g charge for fire assay’). In		to a maximum drill depth of 304m downhole which was at the Cash prospect – Barwidgee project.
	other cases more explanation may be required, such as where	•	A number of historic drill hole intervals have been included in the figures for diagrammatical purposes
	there is coarse gold that has inherent sampling problems.		where data is considered by the Competent Person to be reliable. As the data is derived from multiple
	Unusual commodities or mineralisation types (e.g. submarine		operators there is inconsistency in sample size, assay methodology and QA/QC procedures along with
	nodules) may warrant disclosure of detailed information.		field procedures and targeting strategy. For a number of drill holes with grades on section for comparison
			purposes, they are historical and derived from multiple operators hence there is inconsistency in sample
			size, assaymethodology and QAQC procedures alongwith field procedures and targeting strategy.
Drilling	Drill type (e.g. core, reverse circulation, open-hole hammer,	•	RC drilling with a 6’ ½ inch face sampling hammer bit.
techniques	rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core	•	Historical drilling was highly variable depending on the operators with industry standard drilling methods
	diameter, triple or standard tube, depth of diamond tails, face-		used (RAB, AC or RC drilling) with sampling usually consisting of a 4m composite sample initially
	sampling bit or other type, whether core is oriented and if so, by		assayed for the entire hole and single meter samples collected and stored on site until the assay results
	what method, etc).		from the composite samples are received. Details of all historic RAB and AC drilling is unknown.
			Historical RC drillingused a 5’¼inch face samplinghammer.

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Criteria	JORC Code explanation	Commentary	Commentary
Drill sample	Method of recording and assessing core and chip sample	•	RC recovery and meterage was assessed by comparing drill chip volumes for individual meters.
recovery	recoveries and results assessed.		Estimates of sample recoveries were recorded. Routine checks for correct sample depths are
	Measures taken to maximise sample recovery and ensure representative nature of the samples.	•	undertaken every RC rod (6m). RC sample recoveries were visually checked for recovery, moisture and contamination. The cyclone was routinely cleaned ensuring no material build up.
	Whether a relationship exists between sample recovery and	•	Due to the generally good/standard drilling conditions and appropriately powered drilling rigs the
	grade and whether sample bias may have occurred due to		geologist believes the RC samples are representative. At depth there was not many wet samples as the
	preferential loss/gain of fine/coarse material.		drilling was not that deep and water was kept out, these are recorded on geological logs.
		•	Historical recording the sample recovery has been very highly variable, especially for RAB, AC and RC
			drilling. Theroutinenature and accuracy of recordingwet samples andrecovery estimateis unknown.
Logging	Whether core and chip samples have been geologically and	•	RC drill chip logging is routinely completed on one metre intervals at the rig by the geologist. The log
	geotechnically logged to a level of detail to support appropriate		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 Perth office. Logging was qualitative in nature. For DD drilling detailed
	studies.		geological logs have been recorded for geology, geotechnical and structural aspects.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	• •	All intervals logged for RC drilling completed during drill programs with a representative sample placed into chip trays. Historic geological logging has been undertaken in multiple ways depending on the drilling method, the
	The total length and percentage of the relevant intersections		geologist logging the holes and the exploration company. Most exploration was undertaken using a
	logged.		company defied lithology and logging code however this was variable for each explorer. Some of the
			explorers undertook geological logging directly into a logging computer / digital system while others
			logged onto geological logging sheets and thenundertookdata entry ofthisinformation.
Sub-sampling	If core, whether cut or sawn and whether quarter, half or all core	•	RC samples taken.
techniques	taken.	•	RC samples were collected from the drill rig by spearing each 1m collection bag and compiling a 4m
and sample preparation	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	•	composite sample. Single splits were automatically taken by the rig cone splitter for RC. Duplicate 1m samples were taken in the field, with standards and blanks inserted with the RC and DD samples for analyses.
	For all sample types, the nature, quality and appropriateness of	•	1m samples were consistent and weighed approximately 3.0–4.0kg for RC, it is common practice to
	the sample preparation technique.		review sample results and then review sampling procedures to suit.
	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.	•	Once samples arrived in Perth, further work including duplicates and QC was undertaken at the laboratory. Yandal Resources Ltd has determined that the data is of sufficient quality for a MRE is one is compiled in the future as the deposit is open in many directions.
	Measures taken to ensure that the sampling is representative of	•	Mineralisation mostly occurs within moderately oxidised saprock and fresh coarse grained dolerite as
	the in situ material collected, including for instance results for		the weathering profile is very shallow. The sample sizes is standard practice in the WA Goldfields to
	field duplicate/second-half sampling.		ensure representivity.
	Whether sample sizes are appropriate to the grain size of the material being sampled.	•	For the historical samples there has been multiple different sampling and sub sampling techniques including core, RC samples (both composites and single meter samples, Aircore and RAB sampling (both composites and single meter samples.
Quality of	The nature, quality and appropriateness of the assaying and	•	The RC samples were assayed using a 50g fire assay with ICP-MS (inductively coupled plasma - mass
assay data	laboratory procedures used and whether the technique is		spectrometry) finish gold analysis (0.01ppm detection limit) by Aurum Laboratories in Beckenham,
and	considered partial or total.		Western Australia for gold only. Initial 4m samples were assayed by Aqua Regia with fire assay checks
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.	• •	(0.01ppm detection limit). 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 in line with commercialprocedures,reproducibilityand accuracy. These comparisons were deemed

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Criteria	JORC Code explanation	Commentary	Commentary
	Nature of quality control procedures adopted (e.g. standards,		satisfactory. A number of samples have been selected for future analyses using different techniques for
	blanks, duplicates, external laboratory checks) and whether		comparison purposes.
	acceptable levels of accuracy (i.e. lack of bias) and precision	•	Historical assay data used various laboratory techniques and laboratories. QAQC procedures are
	have been established.		variable and additional validation work on the QAQC samples is required.
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 reported in Table 1 by Mr Trevor Saul of Yandal Resources and were generated
	verification, data storage (physical and electronic) protocols.		by compositing to the indicated downhole thickness. A 0.10g/t Au lower cut-off was used for results and
	Discuss any adjustment to assay data.	•	intersections generally calculated with a maximum of 2m of internal dilution. For historic drilling the data has been used in the same way as above. The Yandal Resources’ geological
			database has been well verified in places based on recent drilling results.
		•	There has been no adjustment to historic assay data.
		•	It is unknown whether there is bias between historical and recent RC drill sampling and it is not relevant
			at this stage.
		•	More drillingwillberequired to explore thefullextents ofthemineralisation.
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 prospect. Down
	Specification of the grid system used.	•	hole surveys utilised a proshot camera at the end of hole plus every 30m while pulling out of the hole. Grid MGA94 Zone 51.
	Quality and adequacy of topographic control.	•	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 be valid for this stage of exploration.
		•	Historical drilling was located using various survey methods and multiple grids including local grids,
			AMG,Latitude andLongitude.
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 define mineralisation in preparation for a JORC Compliant Resource Estimate update if completed. Some historic holes have been redrilled and sampled for comparative purposes. 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
	Whether sample compositing has been applied.		interpretations when complete.
		•	Given the highly variable drilling within the project the historical hole spacing and depths are highly
			variable.
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	•	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 delineatingshallowgold resources in Australia.

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Criteria	JORC Code explanation	Commentary	Commentary
	introduced a sampling bias, this should be assessed and	•	Angle holes are the most appropriate for exploration style and Resource style drilling for the type and
	reported if material.		location of 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 by project;
tenement and		including agreements or material issues with third parties such		Gordons Project – M27/502, P27/2214, P27/2339, E27/601 and P27/2331.
land	tenure	as joint ventures, partnerships, overriding royalties, native title		Barwidgee Project – E53/1843
status		interests, historical sites, wilderness or national park and		Ironstone Well Project – E53/1963 and E53/1882.
		environmental settings.		The tenements are 100% owned by the Company. The tenements are in good standing and no known
		The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.		impediments exist. For E53/1963 are subject to a Net Smelter Royalty of 1%, being payable to Franco-Nevada Australia Pty Ltd. A secondary royalty over these tenements is payable to Maximus Resources Ltd comprising $40 per ounce for the first 50,000 ounces produced, prepaid for the first 5,000 ounces ($200,000) on a
				decision to mine. The royalty reduces to $20 per ounce for production between 50,000 and 150,000
				ounces andis capped at150,000 ounces.
Exploration		Acknowledgment and appraisal of exploration by other parties.	•	Previous workers in the Barwidgee and Ironstone Well area include Eagle Mining, Cyprus Gold
done by other				Australia, Wiluna Mines, Homestake Gold, Great Central Mines, Normandy Mining, Oresearch,
parties				Newmont, Australian Resources Limited, View Resources, Navigator Mining, Metaliko Resources and
				Maximus Resources.
			•	Previous workers in the Gordons area include among others, North Ltd, Delta Gold Ltd, Aurion Gold
				Ltd, Placer Dome Asia Pacific, Barminco Investments, Mt Kersey Mining NL, Gutnick Resources NL,
				Pacific Arc 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 Yandal Greenstone Belt, a part of the granite
				/ greenstone terrain of the Yilgarn Craton. Oxide supergene gold and primary mineralisation with quartz
				veins and minor sulphides in a dolerite host rock in the cash of Sims Find and Cash. Gordons
				mineralisation is oxide and primary intercepts in quartz and disseminated sulphides within mafic and
				porphyryrocks. Known Malonemineralisationoccurs at the contact between mafic andfelsicrockunits.
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 • hole length.	• •	Other hole collars in the immediate area of the prospects at the Gordons project and the Barwidgee project 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 and sections view diagrams are shown in the report of all drilling collars in close proximity to the new drilling for exploration context in Figures 1-15. No information is excluded.
		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 and 2.
methods		cutting of high grades) and cut-off grades are usually Material	•	All assay intervals reported in Table 1 are typically 1m downhole intervals above 0.10g/t Au lower cut-
		and should be stated.		off or as shown.
			•	No metal equivalent calculations were applied.

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Criteria	JORC Code explanation	Commentary	Commentary
	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
	in detail.
	The assumptions used for any reporting of metal equivalent
	values should be clearly stated.
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 lengths	If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are 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. Given the nature of RC drilling, the minimum width of assay interval is 1m (max. 1m). Given the highly variable geology and mineralisation including supergene mineralisation and
	there should be a clear statement to this effect (e.g. ‘down hole		structurally hosted gold mineralisation there is no project wide relationship between the widths and
	length, true width not known’).		intercept lengths.
Diagrams	Appropriate maps and sections (with scales) and tabulations of	•	See Figures 1-15 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 RC assays > 0.10g/t are shown in Tables 1 and 2 for the current drilling.
reporting	practicable, representative reporting of both low and high grades	•	Diagrammatic results are shown in Figures 1-15.
	and/or widths should be practiced to avoid misleading reporting
	of Exploration Results.
Other	Other exploration data, if meaningful and material, should be	•	There have been historical Mineral Resource Estimates for Sims Find – Barwidgee project.
substantive	reported including (but not limited to): geological observations;	•	There has been historic mining at Sims Find in the 1930’s via shallow underground methods and at the
exploration	geophysical survey results; geochemical survey results; bulk		Star of Gordons prospect – Gordons project at an unknown time via shallow underground methods.
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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