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Yandal Resources Strengthens Financial Position with Horizon Share Divestment

Story Highlights
  • Yandal Resources Ltd focuses on gold exploration in Western Australia’s greenstone belts.
  • The company divested Horizon shares, enhancing its cash reserves for exploration acceleration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yandal Resources Strengthens Financial Position with Horizon Share Divestment

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An update from Yandal Resources Ltd. ( (AU:YRL) ) is now available.

Yandal Resources Ltd has successfully divested its shares in Horizon Minerals Limited, which were received as part of the sale of its Gordons Gold Project. This divestment, along with other cash inflows, has bolstered Yandal’s financial position, enabling the company to accelerate its exploration programs across key assets.

The most recent analyst rating on (AU:YRL) stock is a Hold with a A$0.26 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 engaged in advanced gold exploration projects located in the Yandal and Norseman-Wiluna Greenstone Belts of Western Australia.

Average Trading Volume: 543,168

Technical Sentiment Signal: Buy

Current Market Cap: A$102.5M

For an in-depth examination of YRL stock, go to TipRanks’ Overview page.

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