YANDAL RESOURCES LIMITED — Capital/Financing Update 2021

Jan 13, 2021

ASX Announcement 14 January 2021

Further high-grades - Gordons Dam gold prospect

• RC drilling returned shallow high-grades including; ➢ 1m @ 52.81g/t Au from 35m (YRLRC0484)

• Diamond core drilling results received from two of three holes completed to interpret structural controls to known mineralisation returned high-grades including; ➢ 1.68m @ 11.94g/t Au within 4m @ 6.65g/t Au from 60.32m (YRLDD006)

• All three diamond core holes intersected a number of sub-parallel to core axis structures and quartz veins which indicate the potential for high-grade mineralisation to crosscut the geological sequence – assays from YRLDD007 are pending ahead of RC drilling to specifically target these structures.

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Figure 1 – Gordons Dam diamond drill core hole YRLDD007 from 68.30m – 71.70m downhole showing a fractured and brecciated quartz vein interspersed with coarse pyrite and minor chalcopyrite – assay results pending. Note the low angle to core axis contact with a granite porphyry unit at approximately 71.50m.

Yandal Resources’ Managing Director; Mr Lorry Hughes commented:

“We continue to be encouraged by the exploration results to date from Gordons Dam and once the final diamond hole is processed, we will formulate a new interpretation for the high grade structures to be immediately targeted with RC drilling.

It is clear from the diamond drill core that the holes were oriented in the correct direction to intersect the geological sequence at a perpendicular angle, however, upon receipt of all available data this is likely to be changed to specifically target high grade mineralisation.

RC and AC drilling is set to resume at Gordons Dam and other priority prospects in the Kalgoorlie region on the 20[th] January”.

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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) Kelly Ross Non-Executive Director Mt McClure (100% owned) A 159 Stirling Highway Bianca Taveira Company Secretary Gordons (100% owned) Nedlands WA 6009 Shares on Issue 92,890,541 P PO Box 1104 T +61 8 9389 9021 Share Price $0.43 Nedlands WA 6909 E yandal@yandalresources.com.au Market Cap $40M W www.yandalresources.com.au ASX Code YRL

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Yandal Resources Ltd (ASX: YRL , “Yandal Resources” or the “Company”) is pleased to report new downhole fire assay results from reverse circulation (“RC”) and diamond core (“DD”) drilling at multiple prospects within the Gordons gold project located in the highly prospective Kalgoorlie-Boulder Region of Western Australia (Figure 2).

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20kms to Paddington Gold Mine
(Norton Gold Fields Pty Ltd)
Gordon-Sirdar
UG Gold Mine
(FMR Investments)
14kms to Kanowna Belle Mine
(ASX: NST)
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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 14 January 2021

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A total of 11 holes for 1,729.80m (eight RC holes for 786m and three DD holes for 943.80m) were completed at the Gordons Dam, Malone and Star of Gordon prospects as part of ongoing programs to test both advanced and early stage gold targets.

Gordons Dam Prospect

A total of three angled RC holes for 306m were completed in areas adjacent to known mineralisation within shallow palaeochannel sediments, porphyry and mafic rock types to a maximum downhole depth of 132m (Figures 2 – 5 & Tables 1 & 2). A number of significant intercepts were returned and results continue to demonstrate potential to develop a shallow open pit mine. Highlights include;

• ➢ 1m @ 3.17g/t within 4m @ 0.89g/t Au from 33m and 3m @ 0.12g/t Au at end-of-hole (YRLRC0483)

• ➢ 1m @ 52.81g/t within 51m @ 1.41g/t Au from 35m (YRLRC0484)

• ➢ 1m @ 0.57g/t Au within 8m @ 0.31g/t Au from 51m; and

• ➢ 2m @ 0.61g/t Au within 31m @ 0.20g/t Au (YRLRC0485)

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YRLDD006
1.00m @ 1.04g/t Au (35.00m)
11.00m @ 2.74g/t Au (53.00m) incl. -4.00m @ 6.65g/t Au (59.00m) A’
-1.68m @ 11.94g/t Au (60.32m)
YRLDD005
2.00m @ 0.97g/t Au (35.00m) incl.
-1m @ 1.15g/t Au (35m) Section line
25.53m @ 0.23g/t Au (88.47m) refer Figure 4
1.00m @ 1.96g/t Au (163.00m)
YRLRC0483 (EOH)
4m @ 0.89g/t Au (33m) incl.
-1m @ 3.17g/t Au (34m)
3m @ 0.12g/t Au (51m – EOH)
YRLDD007
A
YRLRC0484
51m @ 1.41g/t Au (35m) incl.
-1m @ 52.81g/t Au (35m)
-6m @ 1.17g/t Au (57m)
YRLRC0485
8m @ 0.31g/t Au (51m) incl.
-1m @ 0.49g/t Au (52m)
-1m @ 0.57g/t Au (56m)
-31m @ 0.20g/t Au (70m)
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Figure 3 – Gordons Dam prospect collar plan over interpreted geology showing the location of new RC holes with assays received, new diamond holes completed with assays received (Red stars) and pending (Purple stars), new planned RC holes (Yellow circles) and all other holes as per the legend.

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A three hole HQ/NQ2 triple tube diamond core drill program was completed in November with a total of 943.80m drilled to a maximum downhole depth of 325.40m. The holes have been geologically and structurally logged and sampling is partially complete. Results from this program will be used to improve the geological interpretation of the high grade zones or structures which are planned to be confirmed with RC drill testing in February.

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A A’
2.00m @ 0.97g/t Au
(35.00m)
Palaeochannel Zone
1.00m @ 1.04g/t Au
(35.00m)
Top of Fresh Rock Boundary
8m @ 7.33g/t Au (35.00m) incl. [1 ]
-1m @ 47.96g/t Au (36m)
11.00m @ 2.74g/t Au (53.00m) incl.
15m @ 0.95g/t Au (80m) incl. [1 ] -4.00m @ 6.65g/t Au (59.00m)
-7m @ 1.20g/t Au (87m) -1.68m @ 11.94g/t Au (60.32m)
8m @ 1.20g/t Au (100m) incl. [1 ]
-5m @ 1.50g/t Au (100m)
1.00m @ 1.96g/t Au
(163.00m)
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1 Refer to YRL ASX announcement dated 7 March 2019.
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Figure 4 – Gordons Dam prospect cross section plan (A – A’, refer Figure 3). over interpreted geology showing the location of new diamond drill holes with assays received and some earlier Yandal drilling located on section.

The results thus far indicate the potential for high grade structures with quartz veining oriented sub-parallel to the predominant direction of RC and diamond drilling. Diamond hole YRLDD006 intersected 4.00m @ 6.65g/t Au from 59.00m including 1.68m @ 11.94g/t Au from 60.32m within sheared basalt and up to 20% quartz oriented at 10-30 degrees to core axis.

Diamond hole YRLDD007 located approximately 90m to the southeast of YRLDD006 intersected a fractured and brecciated quartz vein interspersed with coarse pyrite and minor chalcopyrite within a granite porphyry rock unit from 68.30 – 71.70m downhole – assays pending (Figure 1, 3 & 5). If the vein is mineralised it could suggest structures are present that cross cut both the basaltic rock sequence and the intrusive granite porphyry rocks.

Understanding the geology and the orientation of important structures in the vicinity of known high-grade mineralisation will improve exploration targeting for the entire 1.5km of bedrock mineralisation that has currently been defined at the prospect (Figure 5).

ASX Announcement 14 January 2021

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Refer Figure 3
Open
Gordons Dam
YRLAC0395 [1 ]
10m @ 0.18g/t Au (59m) incl. Prospect
-1m @ 0.24g/t Au (59m)
-1m @ 0.46g/t Au (65m)
YRLRC0488
7m @ 0.25g/t Au (68m) incl.
-2m @ 0.50g/t Au (69m)
YRLRC0486 (ABD)
5m @ 0.97g/t Au (68m) incl.
-1m @ 1.01g/t Au (64m)
-1m @ 2.51g/t Au (67m)
YRLRC0487
1m @ 0.10g/t Au (18m)
YRLAC0396 [1 ] -4m @ 0.29g/t Au (68m)
9m @ 1.39g/t Au (58m) incl.
-5m @ 2.38g/t Au (59m)
-3m @ 3.63g/t Au (60m)
-2m @ 4.73g/t Au (61m) Malone
-1m @ 5.44g/t Au (62m)
Prospect
Open
Andrews
Prospect
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1 Refer to YRL ASX announcement dated 15 December 2020.
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Figure 5 – Gordons Dam, Malone and Andrews prospect collar plan over interpreted geology showing the location of new RC holes with assays received (Red circles), new planned RC and AC holes (Yellow circles) and all other holes as per the legend.

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Substantial ongoing follow-up RC and AC drilling programs to expand the known mineralisation are set to commence on 20 January with over 20,000m planned for completion in the March Quarter 2021 at Gordons Dam and a number of priority prospects (Figure 2).

It is currently planned to compile geological interpretations and wireframing for inclusion in a maiden Mineral Resource Estimate for the Gordons Dam prospect in order to progress feasibility studies and mining approval activities during the March Quarter 2021.

Malone Prospect

A total of three angled RC holes for 270m were completed to test for new shallow oxide and primary gold mineralisation as an immediate follow-up to significant mineralisation intersected in a 2020 AC program[1] including;

• ➢ 1m @ 0.46g/t within 10m @ 0.18g/t Au from 59m (YRLAC0395); and

• ➢ 1m @ 5.44g/t or 2m @ 4.73g/t Au within 9m @ 1.39g/t Au from 58m (YRLAC0396).

The small program successfully confirmed mineralisation within oxidised material in all three holes, highlights include;

• ➢ 1m @ 1.01g/t Au and 1m @ 2.51g/t Au within 5m @ 0.97g/t Au from 64m (YRLRC0486); and

• ➢ 2m @ 0.50g/t Au within 7m @ 0.25g/t Au from 68m (YRLRC0488).

The new mineralisation is open in all directions and in an area that has had limited historical drilling. Followup RC drilling is at the advanced planning stage to be included in the March Quarter 20,000m program (Figures 2 & 5).

Star of Gordon Prospect

A total of two angled RC holes for 210m were completed to test for new shallow oxide and primary gold mineralisation in the vicinity of historic workings (Figure 2 & Table 1). A number of significant intercepts were returned including;

• ➢ 2m @ 0.54g/t Au from 48m within 5m @ 0.42g/t Au from 46m (YRLRC0490)

Follow-up RC drilling is planned as part of the March Quarter 20,000m program.

Next Steps

Key exploration activities planned during the March Quarter at the Gordons project include;

• Sample and receive assay from the remainder of diamond hole YRLDD006 and YRLDD007 and implement a follow-up RC program;

• Complete 20,000m combined of AC and RC drilling across the Gordons project and compile a maiden MRE for Gordons Dam;

• Commence pit optimisation and technical activities for mining approvals at Gordons Dam.

1 Refer to YRL ASX announcement dated 15 December 2020.

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Table 1 – RC drill collar locations, depth, orientation and 1m down hole assay results for the Gordons gold project.

Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azimuth (Deg.)	From (m)	To (m)	Interval (m)	Au g/t (FA50)
Gordons Dam Prospect RC Intervals (>0.10g/t Au)
YRLRC0483	6633672	359703	54	-60	220	33	37	4	0.89ABD
					including	34	35	1	3.17ABD
						51	54	3	**0.12 ABD# **
YRLRC0484	6633624	359723	120	-60	220	23	24	1	0.11
						35	86	51	1.41
					including	35	36	1	52.81
					including	57	63	6	1.17
					including	60	63	3	1.67
					including	61	62	1	2.21
						107	108	1	0.11
YRLRC0485	6633643	359737	132	-60	220	36	37	1	0.12
						41	47	6	0.17
						51	59	8	0.31
					including	52	53	1	0.49
					including	56	57	1	0.57
						70	101	31	0.20
					including	76	78	2	0.61
						115	121	6	0.59
						124	125	1	0.22
Malone Prospect RC Intervals(>0.10g/t Au)
YRLRC0486	6632950	359140	78	-60	240	64	69	5	0.97ABD
					including	64	65	1	1.01ABD
					including	67	68	1	2.51ABD
YRLRC0487	6632953	359144	90	-60	240	18	19	1	0.10
						68	72	4	0.29
YRLRC0488	359122	6632989	102	-60	240	68	75	7	0.25
					including	69	71	2	0.50
						88	90	2	0.18
Star of Gordon RC Intervals (>0.10g/t			Au)
YRLRC0489	6631812	363721	120	-75	230	53	55	2	0.15
						73	74	1	0.10
						87	88	1	0.12
						94	96	2	0.11
						107	108	1	0.11
						115	116	1	0.14
YRLRC0490	6632876	363261	90	-60	230	25	27	2	0.16
						41	42	1	0.10
						46	51	5	0.42
					including	48	50	2	0.54
						64	66	2	0.26
						74	75	1	0.18

Notes to Table 1 & 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), 1m 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. g/t (grams per tonne). 4. Intersections are calculated over intervals >0.15g/t or as indicated. 5. Drill type AC = Air-core, RC = Reverse Circulation, DD = Diamond. 6. Coordinates are in GDA94, MGA Z51. 7. # denotes an end of hole assay . 8. ABD denotes hole abandoned before target depth.

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Table 2 – DD drill collar locations, depth, orientation and down hole assay results for the Gordons gold project.

Hole Id	North (m)	East (m)	Depth (m)	Dip (Deg.)	Azimuth (Deg.)	From (m)	To (m)	Interval (m)	Au g/t (FA50)
Gordons Dam Prospect		DD Intervals (>0.10g/t Au)
YRLDD005	6633673	359737	307.70	-60	220	35.00	37.00	2.00 0.97
					including	35.00	36.00	1.00 1.15
						40.00	42.00	2.00	0.33
						51.00	54.00	3.00	0.09
						58.00	59.00	1.00	0.10
						67.00	72.00	5.00 0.41
					including	69.00	72.00	3.00 0.59
						88.47	114.00	25.53 0.23
					including	89.72	92.00	2.28 0.69
						112.00	123.00	1.00	0.10
						124.60	125.00	0.40 1.22
						127.27	127.70	0.43	0.12
						130.93	131.11	0.18	0.10
						137.00	141.00	4.00	0.14
						149.13	149.37	0.24	0.20
						159.00	160.00	1.00	0.11
						163.00	164.00	1.00 1.96
						167.00	168.00	1.00	0.15
						172.00	174.00	2.00	0.18
						205.00	205.82	0.82	0.10
						219.00	220.00	1.00	0.14
						234.00	234.00	0.40	0.11
						280.53	280.86	0.33	0.16
						297.00	298.00	1.00	0.29
YRLDD006	6633679	359745	325.40	-75	220	29.00	32.00	3.00	0.27
						35.00	36.00	1.00 1.04
						39.00	43.00	4.00	0.19
						53.00	64.00	11.00 2.74
					including	59.00	63.00	4.00 6.65
					including	60.32	62.00	1.68 11.94
						66.00	66.30	0.30	0.39
						69.00	75.00	6.00	0.11
						84.00	85.00	1.00	0.23
						103.00	109.00	6.00	0.10
						112.00	114.00	2.00	0.30
						122.00	123.00	1.00	0.13
						126.00	127.00	1.00	0.16
						147.65	147.95	0.30	0.17
						154.00	155.00	1.00 0.70
						188.00	190.00	2.00	0.45
						222.00	230.00	8.00 0.24
					including	228.00	230.00	2.00 0.51
						272.00	273.00	1.00	0.10
						286.00	325.40	Assayspending
YRLDD007	6633600	359781	310.70	-60	220	0.00	310.70	Assayspending

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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 3.0-4.0kg for
	examples should not be taken as limiting the broad meaning of		1m samples.
	sampling.	•	For DD drilling samples HQ-3 and NQ2 core store is specially made plastic core trays and sampled at
			a maximum of 1m intervals (smaller intervals based on geology observations). Average weights are
			variable.
	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. 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. Standards & replicate assays taken by the
			laboratory.
	Aspects of the determination of mineralisation that are Material	•	RC and DD drilling was used to obtain 1m or smaller samples from which approximately 1.0-3.0kg
	to the Public Report. In cases where ‘industry standard’ work		sample was pulverised to produce a 50g fire assay with ICP-MS (inductively coupled plasma - mass
	has been done this would be relatively simple (e.g. ‘reverse		spectrometry) finish gold analysis (0.01ppm detection limit) by Aurum Laboratories in Beckenham,
	circulation drilling was used to obtain 1 m samples from which 3		Western Australia. Samples assayed for Au only for this program. Drilling intersected oxide, transitional
	kg was pulverised to produce a 30 g charge for fire assay’). In		and primary mineralisation to a maximum drill depth of 132m for RC and 325.40m for DD.
	other cases more explanation may be required, such as where
	there is coarse gold that has inherent sampling problems.
	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 6’ ½ inch face sampling hammer bit. DD drilling used a HQ-3 and NQ2 drill bit.
techniques	rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core
	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 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) For DD sample recovery/core loss or gain was written on core blocks after each run. 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 DD samples are representative. At depth there were some wet RC 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 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 program with a representative sample placed into chip trays.
	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	•	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 at the Gordons Dam prospect there is sufficient data for a MRE and an initial one is planned upon completion upon receipt of all pending results and
	Measures taken to ensure that the sampling is representative of		QA/QC re-sample and re-assay programs (however the deposit is open in many directions).
	the in situ material collected, including for instance results for	•	Mineralisation mostly occurs within intensely oxidised saprolitic and palaeochannel clays after altered
	field duplicate/second-half sampling.		mafic, porphyry and felsic rocks (typical greenstone geology). The sample sizes is standard practice in
	Whether sample sizes are appropriate to the grain size of the		the WA Goldfields to ensure representivity.
	material being sampled.
Quality of	The nature, quality and appropriateness of the assaying and	•	The RC and DD samples were assayed using a 50g fire assay with ICP-MS (inductively coupled plasma
assay data	laboratory procedures used and whether the technique is		- mass spectrometry) finish gold analysis (0.01ppm detection limit) by Aurum Laboratories in
and	considered partial or total.		Beckenham, Western Australia for gold only. Initial 4m samples were assayed by Aqua Regia with fire
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.	• •	assay checks (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 commercial procedures, reproducibility and accuracy. These comparisons were deemed
	Nature of quality control procedures adopted (e.g. standards,		satisfactory. Some re-splitting with an onsite three-tier riffle splitter has been undertaken in the
	blanks, duplicates, external laboratory checks) and whether		palaeochannel area for analyses. A number of samples have been selected for future metallurgical
	acceptable levels of accuracy (i.e. lack of bias) and precision		testing. A number of 1m residues from RC assays are planned to be analysed at other laboratories for
	have been established.		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 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 0.10g/t Au lower cut-off was used for
			results and intersectionsgenerallycalculated with a maximum of 2m of internal dilution.

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Criteria	JORC Code explanation	Commentary	Commentary
	Discuss any adjustment to assay data.
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 define mineralisation in preparation for a JORC Compliant Resource Estimate update if completed at the Gordons Dam prospect only. 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
	Whether sample compositing has been applied.		results from all the drilling and geological interpretations when complete.
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.

Section 2 Reporting of Exploration Results

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Criteria		JORC Code explanation	Commentary	Commentary
Mineral		Type, reference name/number, location and ownership	•	The drilling was conducted on E24/198, E27/583, E27/536, P27/2206, M27/237, P27/2214, P27/1911,
tenement and		including agreements or material issues with third parties such		M27/502, P27/2339, P27/2334, P27/2361 and E27/601. The tenements are 100% owned by the
land	tenure	as joint ventures, partnerships, overriding royalties, native title		Company and there are no 3rdparty royalties. The tenements are in good standing and no known
status		interests, historical sites, wilderness or national park and		impediments exist.
		environmental settings.
		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.
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 & 2.
Information		the exploration results including a tabulation of the following	•	All holes reported from the current program are listed in Tables 1 & 2 or can be viewed in Yandal’s other
		information for all Material drill holes:		ASX releases during 2019-2020 and Yandal’s Replacement Prospectus dated 22 November 2018
		• 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.	• •	lodged on the ASX 12 December 2018. Other hole collars in the immediate area of the Gordons Dam prospect have been included for diagrammatic purposes and Mr Saul considers listing all of the drilling details is prohibitive and would not improve transparency or materiality of the report. Plan view diagrams are shown in the report of all drilling collars in close proximity to the new drilling for exploration context in Figures 2 - 5. No information is excluded.
		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.
		Where aggregate intercepts incorporate short lengths of high	•	No metal equivalent calculations were applied.
		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.

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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 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), for DD the interval is variable up to a max. of 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 1-5 and Tables 1 & 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 and DD assays > 0.10g/t are shown in Tables 1 & 2 for the current drilling.
reporting	practicable, representative reporting of both low and high grades	•	Diagrammatic results are shown in Figures 1-5.
	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 no historical Mineral Resource Estimates.
substantive	reported including (but not limited to): geological observations;	•	There has been no historic mining at the Gordons Dam prospect as it is a new discovery.
exploration	geophysical survey results; geochemical survey results; bulk
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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