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The latest update is out from Yandal Resources Ltd. ( (AU:YRL) ).
Yandal Resources Ltd has confirmed a significant discovery at the Arrakis target area through RC drilling, revealing promising gold intercepts. The company has completed air-core drilling at the New England Granite and secured $13.5 million in funding to accelerate exploration efforts. Additionally, Yandal executed a tenement sale agreement with Horizon Minerals Limited for the Gordons Gold Project, and holds $2.26 million in cash reserves. The company is strategically positioned to enhance its exploration activities and strengthen its market presence.
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 a company focused on exploring its portfolio of 100% owned gold projects located within the Yandal Greenstone Belt in Western Australia. The company operates within the mining industry, specifically targeting gold exploration and development.
Average Trading Volume: 675,842
Technical Sentiment Signal: Buy
Current Market Cap: A$115.7M
For detailed information about YRL stock, go to TipRanks’ Stock Analysis page.