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Yandal Resources Ltd. ( (AU:YRL) ) has provided an update.
Yandal Resources Ltd has received the final results from its recent reverse circulation (RC) drilling program at the Arrakis Prospect, revealing that two of the holes did not reach the targeted mineralisation structure. The company plans to extend these holes with diamond drilling to access the Arrakis structure and has mobilized a diamond core rig to commence drilling shortly. This initiative is part of a broader strategy to explore large-scale discoveries, supported by a recent capital raising of A$13.5 million, which will enable expanded exploration activities at the Ironstone-Well Barwidgee Gold Project.
The most recent analyst rating on (AU:YRL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Yandal Resources Ltd. stock, see the AU:YRL Stock Forecast page.
More about Yandal Resources Ltd.
Yandal Resources Ltd is an exploration company focused on discovering and developing gold deposits in Western Australia. The company is engaged in exploring the Ironstone-Well Barwidgee Gold Project, which includes the Arrakis discovery, New England Granite target area, and Flushing Meadows deposit.
Average Trading Volume: 558,954
Technical Sentiment Signal: Buy
Current Market Cap: A$137M
For a thorough assessment of YRL stock, go to TipRanks’ Stock Analysis page.