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An update from Yandal Resources Ltd. ( (AU:YRL) ) is now available.
Yandal Resources has begun its 2026 exploration campaign at the Ironstone Well-Barwidgee Gold Project, with an on-site 21-person camp, core yard and 65-kilolitre diesel facility now fully operational to support extensive drilling. The program in the first half of the year comprises roughly 10,000 metres of reverse circulation drilling, 5,000 metres of diamond drilling and 15,000 metres of air-core drilling across Flushing Meadows, New England Granite and the Arrakis discovery.
Reverse circulation drilling is underway at the Salusa prospect to follow up high-grade air-core intercepts from 2025, before the rig moves to Arrakis to test southeast extensions of a 1.2-kilometre mineralised structure. Diamond drilling has commenced at the early-stage Nayla target under Western Australia’s Exploration Incentive Scheme and will shift to Flushing Meadows to test fresh-rock mineralisation beneath the existing 268,000-ounce resource, aiming to grow the deposit.
Broad air-core drilling is also scheduled over the western side of the New England Granite and the combined Flushing Meadows–Giedi-Prime corridor to evaluate large structural targets considered prospective for large-scale gold systems. Management expects to have two reverse circulation rigs and one diamond rig operating from early April, and views the accelerated multi-rig campaign as critical to confirming additional discoveries within the belt and potentially reshaping the company’s resource base and growth pipeline.
The most recent analyst rating on (AU:YRL) stock is a Sell with a A$0.20 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 Australian gold exploration company listed on the ASX, focused on advancing its Ironstone Well-Barwidgee Gold Project in the Yandal Greenstone Belt of Western Australia. The company targets both near-resource expansion at existing deposits such as Flushing Meadows and new large-scale gold discoveries across regional targets including Arrakis, New England Granite and Nayla.
Average Trading Volume: 187,311
Technical Sentiment Signal: Hold
Current Market Cap: A$76.3M
For a thorough assessment of YRL stock, go to TipRanks’ Stock Analysis page.