Yandal Resources Ltd. announced that it has received final assay results from the RC drilling exploration program completed at Ironstone Well and Barwidgee in August and September. Both of these contiguous 100% owned projects are strategically located in the highly mineralised Yandal Greenstone Belt, some 30km SSE from the +10Moz Jundee Gold Mine. In August and September 2022, the Company completed an RC program comprising 34 holes for 5,555m testing 8 prospects along key structures and emerging gold trends.

Several target areas were not able to be tested to the full extent initially planned due to incomplete heritage assessment, though it is anticipated that full heritage access will be forthcoming in 2023. Several highly encouraging intercepts were returned from the program highlighting a potential extension to the Sims Find structure and confirming mineralisation at the emerging Cash and New England Well prospects. Key results are summarised below.

Previous drilling by Yandal intersected high-grade gold associated with stacked quartz lodes occurring in a mafic dolerite host rock over a strike length of approximately 400m. Interestingly, mineralisation was found to be dipping to the west in contrast to most mineralisation in the project which is mostly concordant with the general regional westerly dipping stratigraphy. Broad spaced (400m) step-out drilling to the north-west along the interpreted Sims structure in 2021 intersected gold mineralisation some 1.2km from Sims Find.

The recently completed program comprised 7 holes that both infilled and stepped out from the previous broad spaced drilling. . Most holes intersected gold mineralisation with the most significant result coming from the furthest step-out hole YRLRC1045 located approximately 2km NW along strike of Sims Find which intersected: 3m @ 3.6g/t Au from 138m including 1m @ 7.2g/t Au, Due to the relatively low drilling density along the majority of the Sims Find structure the continuity of mineralisation cannot be established, however the recently flown detailed aeromagnetic survey does suggest a correlation of high-grade mineralisation with magnetic lows potentially representing magnetite destruction of the host rock due to mineralising fluids.

Further geological interpretation which will include 3D magnetic inversion modelling to establish any correlation between high-grade mineralisation, will be undertaken prior to further drill targeting along the structure. Cash: The Cash Prospect is located immediately NW along strike from the Corboys deposit currently under evaluation by Northern Star . Like Corboys, Cash is situated on a flexure in the sheared granite-greenstone contact.

Prior to the termination of drilling in the region in mid-2021 due to heritage issues, Yandal was only able to complete one RC hole to test the prospect which returned up to 4.6g/t Au over 1 meter (YRLRC1016). Notably the drill hole intersected a felsic porphyry, a similar lithology to that described at the Corboys deposit. The recently completed program tested the prospect with seven holes on two 400m spaced traverses across the granite contact.

YRLRC1036 confirmed mineralisation along the contact intersecting 3m @ 3.6g/t Au from 96m including 1m @ 6.9g/t Au. This result together with an intercept of 3m @ 2.3g/t Au from 26m in YRLRC1016 indicate a mineralised structure that is at least 400m long and remains open to the NW along strike for at least 2km's on Yandals' tenure. Follow-up drilling is being planned to test the structure further along strike.

Limited first pass RC testing was completed over the New England Granite, New England Well, Gohls and Slingshot prospects. The New England Granite prospect is a discrete granitic intrusion covering approximately 9km2 located immediately south of Sims Find. The granite is cross-cut by large scale tensional faults related to the regional Ockerbury Fault.

Historic shallow reconnaissance drilling has identified elevated gold (up to 6.7g/t Au) in several locations on the deformed granite margins. Three priority area have been identified, with only the lowest priority northern target accessible during the recent program to due heritage constraints. Two RC holes were completed at the northern target returning low level gold anomalism.

Whilst this drilling has downgraded the northern target, the remaining two targets remain a priority for drill testing which will be completed once heritage approval has been received. New England Well comprises a discrete NNW trending magnetic feature approximately 1km long with historic gold workings that appear to be controlled by a NW cross-cutting structure. Limited historic drilling in the area returned several +1g/t Au intercepts.

Two first pass holes were drilled during the recent program. One hole appears to have missed the structure, whilst the second returned a shallow intercept of 12m @ 0.4g/t Au from 38m including 4m @ 1.1g/t Au. A further field assessment and geological review will be required before determining whether the target has size potential and warrants further drilling by Yandal.