# YRL: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142401 Publisher: asx Original announcement: 2026-09-22T09:16:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T10:13:10.512Z Atlas analysis updated: 2026-09-22T10:13:10.512Z - Company: Yandal Resources Limited - Ticker: YRL - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Resource update, Capital raise - Extracted: 2026-09-22 10:13:11 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Yandal Resources Limited reported significant exploration progress in its 2026 Annual Report, highlighted by high-grade gold drill results at the Arrakis discovery and an updated mineral resource inventory of 450,200 ounces of gold. The company successfully raised $13.5 million to fund its extensive exploration programs and established new field infrastructure. However, the auditor noted a material uncertainty regarding the company's ability to continue as a going concern due to ongoing losses. Reasoning: Yandal Resources Limited reported significant high-grade gold drill results, particularly at the Arrakis discovery, and provided an updated mineral resource inventory. The company successfully raised $13.5 million to fund its extensive exploration programs and established new field infrastructure. However, the auditor noted a material uncertainty regarding the company's ability to continue as a going concern due to ongoing losses, creating a mixed outlook. - Positive factor: High-grade gold intercepts at Arrakis, including bonanza grades, indicate significant discovery potential. - Positive factor: Expansion of known mineralization at Arrakis through step-out drilling demonstrates continuity and growth. - Positive factor: Successful capital raise of $13.5 million strengthens the company's financial position for ongoing exploration. - Positive factor: Establishment of the Stilgars Camp improves operational efficiency and supports extensive field programs. - Positive factor: Resource estimates are JORC compliant and signed off by Competent Persons, indicating adherence to reporting standards. - Negative factor: The auditor's report highlights a material uncertainty related to the company's ability to continue as a going concern due to ongoing losses. - Negative factor: The overall Mineral Resource Inventory is a compilation of estimates from 2020 and 2022, suggesting staleness for some components. - Negative factor: Most drill intercepts are reported as apparent widths only, without true width information, which may overstate actual thickness. - Negative factor: Significant net loss for the financial year indicates ongoing cash burn from exploration activities. - Negative factor: Board and management changes, while acknowledged, can introduce uncertainty during a critical exploration phase. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 37 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercepts of 3m @ 52.8g/t Au and 6m @ 28.3g/t Au are exceptionally high-grade for gold, well above the deposit-type norm. Evidence · text > 6m @ 28.3g/t Au **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercepts of 3m @ 52.8g/t Au and 6m @ 28.3g/t Au are exceptionally high-grade for gold, well above the deposit-type norm. Evidence · text > 3m @ 52.8g/t Au. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: RC drilling expanded mineralisation approximately 150m to the southeast at Arrakis, extending beyond the previously known limit. Evidence · text > Drilling completed during the year expanded mineralisation approximately 150m to the southeast **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes a Competent Person Statement, indicating adherence to reporting standards and professional sign-off. Evidence · text > Competent Person Statement **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Most reported drill intercepts are given as downhole lengths without explicit true width or drill orientation information, meaning the apparent width may overstate true thickness. Evidence · text > 27m @ 1.2g/t Au from 87m **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The company explicitly states that targeted infill drilling was conducted at Arrakis, which is confirmatory drilling to raise resource confidence. Evidence · text > Most notably, targeted infill drilling returned **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The Competent Person Statement confirms the resource estimates are reported under the 2012 Edition of the JORC Code, a high reporting standard. Evidence · text > 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr Christopher Oorschot and Mr Andrew Bewsher are named as Competent Persons responsible for the exploration results and mineral resource estimates, respectively, indicating professional sign-off. Evidence · text > Mr Christopher Oorschot, a Competent Person **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Mineral Resource Inventory refers to estimates from 2020 and 2022 announcements for its components, indicating the overall inventory is not a fresh estimate and data currency is a concern. Evidence · text > 1 Reported above 0.5g/t Au lower cut-off grade; refer to Yandal Resources Ltd ASX announcement dated 4 November 2020 for full details. **Capital Raise Completed** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company successfully raised $13.5 million from existing and new shareholders, completing a financing round. Evidence · text > In late 2025, Yandal raised approximately $13.5 million from existing and new shareholders. **Going Concern Warning** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The auditor's report explicitly highlights a material uncertainty related to the company's ability to continue as a going concern due to incurred losses, which is a significant financial risk. Evidence · text > Material Uncertainty Related to Going Concern: We draw attention to Note 2 in the financial report, which indicates that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides an updated Mineral Resource Inventory for the company's projects, establishing a revised estimate. Evidence · text > As at the date of this report, Yandal's Mineral Resource Inventory comprises approximately 450,200 ounces of gold ## Extracted facts Stored fact records: 37. Some facts used in scoring do not have a stored record. ## Drill Results (37) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-0) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 27 m - From: 87 m - To: 114 m - Intercept Depth: 87 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:87-114 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from RC drilling at Arrakis, contributing to the expansion of known mineralization. - Positive factor: Moderate gold grade over a good intercept length. - Negative factor: True width not disclosed. Evidence · text > 27m @ 1.2g/t Au from 87m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-1) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.7 - Grade Unit: g/t - Intercept: 5 m - From: 109 m - To: 114 m - Intercept Depth: 109 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:109-114 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A higher-grade sub-interval within the broader Arrakis intercept, indicating localized stronger mineralization. - Positive factor: Strong gold grade within a sub-interval. - Negative factor: True width not disclosed. Evidence · text > including 5m @ 2.7g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-2) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.3 - Grade Unit: g/t - Intercept: 12 m - From: 152 m - To: 164 m - Intercept Depth: 152 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:152-164 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong gold intercept from RC drilling at Arrakis, contributing to the expansion of known mineralization. - Positive factor: Strong gold grade over a good intercept length. - Negative factor: True width not disclosed. Evidence · text > 12m @ 2.3g/t Au from 152m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-3) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 3.7 - Grade Unit: g/t - Intercept: 6 m - From: 158 m - To: 164 m - Intercept Depth: 158 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:158-164 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A higher-grade sub-interval within the broader Arrakis intercept, indicating localized stronger mineralization. - Positive factor: Strong gold grade within a sub-interval. - Negative factor: True width not disclosed. Evidence · text > including 6m @ 3.7g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-4) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.6 - Grade Unit: g/t - Intercept: 13 m - From: 206 m - To: 219 m - Intercept Depth: 206 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:206-219 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from RC drilling at Arrakis, contributing to the expansion of known mineralization. - Positive factor: Moderate gold grade over a good intercept length. - Negative factor: True width not disclosed. Evidence · text > 13m @ 1.6g/t Au from 206m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-5) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.2 - Grade Unit: g/t - Intercept: 8 m - From: 211 m - To: 219 m - Intercept Depth: 211 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:211-219 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A higher-grade sub-interval within the broader Arrakis intercept, indicating localized stronger mineralization. - Positive factor: Strong gold grade within a sub-interval. - Negative factor: True width not disclosed. Evidence · text > including 8m @ 2.2g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-6) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 11 m - From: 84 m - To: 95 m - Intercept Depth: 84 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:84-95 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from RC drilling at Arrakis, contributing to the expansion of known mineralization. - Positive factor: Moderate gold grade over a good intercept length. - Negative factor: True width not disclosed. Evidence · text > 11m @ 1.7g/t Au from 84m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-7) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.8 - Grade Unit: g/t - Intercept: 6 m - From: 89 m - To: 95 m - Intercept Depth: 89 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:89-95 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A higher-grade sub-interval within the broader Arrakis intercept, indicating localized stronger mineralization. - Positive factor: Strong gold grade within a sub-interval. - Negative factor: True width not disclosed. Evidence · text > including 6m @ 2.8g/t Au. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-8) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.8 - Grade Unit: g/t - Intercept: 18 m - From: 290 m - To: 308 m - Intercept Depth: 290 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:290-308 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from diamond drilling at Arrakis, confirming mineralization at depth. - Positive factor: Moderate gold grade over a good intercept length at significant depth. - Negative factor: True width not disclosed. Evidence · text > 18.0m @ 1.8g/t Au from 290.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-9) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 5.7 - Grade Unit: g/t - Intercept: 4.1 m - From: 293.9 m - To: 298 m - Intercept Depth: 293.9 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:293.9-298 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A high-grade sub-interval within the deeper Arrakis intercept, indicating strong localized mineralization at depth. - Positive factor: Exceptional gold grade within a sub-interval at significant depth. - Negative factor: True width not disclosed. Evidence · text > including 4.1m @ 5.7g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-10) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.6 - Grade Unit: g/t - Intercept: 11.5 m - From: 347.6 m - To: 359.1 m - Intercept Depth: 347.6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:347.6-359.1 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from diamond drilling at Arrakis, confirming mineralization at depth. - Positive factor: Moderate gold grade over a good intercept length at significant depth. - Negative factor: True width not disclosed. Evidence · text > 11.5m @ 1.6g/t Au from 347.6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-11) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 3.1 - Grade Unit: g/t - Intercept: 5 m - From: 352.6 m - To: 357.6 m - Intercept Depth: 352.6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:352.6-357.6 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A high-grade sub-interval within the deeper Arrakis intercept, indicating strong localized mineralization at depth. - Positive factor: Strong gold grade within a sub-interval at significant depth. - Negative factor: True width not disclosed. Evidence · text > including 5.0m @ 3.1g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-12) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 0.8 - Grade Unit: g/t - Intercept: 21.7 m - From: 366 m - To: 387.7 m - Intercept Depth: 366 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:366-387.7 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from diamond drilling at Arrakis, confirming mineralization at depth. - Positive factor: Moderate gold grade over a good intercept length at significant depth. - Negative factor: True width not disclosed. Evidence · text > 21.7m @ 0.8g/t Au from 366m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-13) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.1 - Grade Unit: g/t - Intercept: 4 m - From: 370 m - To: 374 m - Intercept Depth: 370 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:370-374 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A higher-grade sub-interval within the deeper Arrakis intercept, indicating localized stronger mineralization. - Positive factor: Strong gold grade within a sub-interval at significant depth. - Negative factor: True width not disclosed. Evidence · text > including 4m @ 2.1g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-14) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.3 - Grade Unit: g/t - Intercept: 10.2 m - From: 240.8 m - To: 251 m - Intercept Depth: 240.8 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:240.8-251 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from diamond drilling at Arrakis, confirming mineralization at depth. - Positive factor: Moderate gold grade over a good intercept length at significant depth. - Negative factor: True width not disclosed. Evidence · text > 10.2m @ 1.3g/t Au from 240.8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-15) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.9 - Grade Unit: g/t - Intercept: 3.8 m - From: 247.2 m - To: 251 m - Intercept Depth: 247.2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ironstone\_Well-Barwidgee:247.2-251 #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A higher-grade sub-interval within the deeper Arrakis intercept, indicating localized stronger mineralization. - Positive factor: Strong gold grade within a sub-interval at significant depth. - Negative factor: True width not disclosed. Evidence · text > including 3.8m @ 2.9g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 17 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-16) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 28.3 - Grade Unit: g/t - Intercept: 6 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: An exceptionally high-grade gold intercept from infill drilling at Arrakis, significantly enhancing the discovery's potential. - Positive factor: Exceptional bonanza gold grade over a good intercept length. - Positive factor: Represents the highest-grade result from the IWB Project to date. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 6m @ 28.3g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 18 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-17) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 52.8 - Grade Unit: g/t - Intercept: 3 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: An exceptionally high-grade gold intercept from infill drilling at Arrakis, significantly enhancing the discovery's potential. - Positive factor: Exceptional bonanza gold grade over a good intercept length. - Positive factor: Represents the highest-grade result from the IWB Project to date. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 3m @ 52.8g/t Au. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 19 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-18) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.3 - Grade Unit: g/t - Intercept: 17.5 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong gold intercept from diamond drilling at Arrakis, supporting the continuity of a newly identified high-grade zone. - Positive factor: Strong gold grade over a good intercept length, improving confidence in continuity. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 17.5m @ 2.3g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 20 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-19) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 4 - Grade Unit: g/t - Intercept: 4.8 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A higher-grade sub-interval within the Arrakis diamond drilling, supporting the continuity of a newly identified high-grade zone. - Positive factor: Strong gold grade within a sub-interval, improving confidence in continuity. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > including 4.8m @ 4.0g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 21 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-20) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.1 - Grade Unit: g/t - Intercept: 17 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Arrakis - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from diamond drilling at Arrakis, further supporting the continuity of mineralization. - Positive factor: Moderate gold grade over a good intercept length, supporting continuity. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 17.0m @ 1.1g/t Au. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 22 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-21) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 20 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Flushing Meadows - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from framework diamond drilling at Flushing Meadows, suggesting mineralization outside current resource boundaries. - Positive factor: Moderate gold grade over a good intercept length, indicating potential resource growth. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 20m @ 1.7g/t Au; #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 23 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-22) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.7 - Grade Unit: g/t - Intercept: 9 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Flushing Meadows - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong gold intercept from framework diamond drilling at Flushing Meadows, suggesting mineralization outside current resource boundaries. - Positive factor: Strong gold grade over a good intercept length, indicating potential resource growth. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 9m @ 2.7g/t Au; #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 24 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-23) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.1 - Grade Unit: g/t - Intercept: 11.3 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Flushing Meadows - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept from framework diamond drilling at Flushing Meadows, suggesting mineralization outside current resource boundaries. - Positive factor: Moderate gold grade over a good intercept length, indicating potential resource growth. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 11.3m @ 1.1g/t Au; #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 25 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-24) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 2.3 - Grade Unit: g/t - Intercept: 4.8 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Flushing Meadows - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong gold intercept from framework diamond drilling at Flushing Meadows, suggesting mineralization outside current resource boundaries. - Positive factor: Strong gold grade over a good intercept length, indicating potential resource growth. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 4.8m @ 2.3g/t Au. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 26 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-25) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.3 - Grade Unit: g/t - Intercept: 17 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Siona - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept at Siona, demonstrating additional mineralization outside the original discovery trend. - Positive factor: Moderate gold grade over a good intercept length, indicating a new shallow mineralized zone. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 17m @ 1.3g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 27 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-26) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 5 - Grade Unit: g/t - Intercept: 3 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Siona - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A high-grade sub-interval at Siona, demonstrating additional mineralization outside the original discovery trend. - Positive factor: Exceptional gold grade within a sub-interval, indicating a new shallow mineralized zone. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > including 3m @ 5.0g/t Au; #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 28 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-27) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 1.5 - Grade Unit: g/t - Intercept: 13 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Siona - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate gold intercept at Siona, demonstrating additional mineralization outside the original discovery trend. - Positive factor: Moderate gold grade over a good intercept length, indicating a new shallow mineralized zone. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 13m @ 1.5g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 29 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-28) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 8.1 - Grade Unit: g/t - Intercept: 2 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Siona - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A high-grade sub-interval at Siona, demonstrating additional mineralization outside the original discovery trend. - Positive factor: Exceptional gold grade within a sub-interval, indicating a new shallow mineralized zone. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > including 2m @ 8.1g/t Au. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 30 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-29) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 6.3 - Grade Unit: g/t - Intercept: 6 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Salusa - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: An exceptionally high-grade gold intercept from air-core drilling at Salusa, providing further evidence of gold mineralization. - Positive factor: Exceptional gold grade over a good intercept length, indicating high prospectivity. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 6m @ 6.3g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 31 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-30) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 18.2 - Grade Unit: g/t - Intercept: 2 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Salusa - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A bonanza-grade sub-interval from air-core drilling at Salusa, providing further evidence of gold mineralization. - Positive factor: Exceptional bonanza gold grade within a sub-interval, indicating high prospectivity. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > including 2m @ 18.2g/t Au; #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 32 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-31) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 6 - Grade Unit: g/t - Intercept: 2 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Salusa - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: An exceptionally high-grade gold intercept from air-core drilling at Salusa, providing further evidence of gold mineralization. - Positive factor: Exceptional gold grade over a good intercept length, indicating high prospectivity. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > 2m @ 6.0g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 33 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-32) Ironstone Well-Barwidgee · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ironstone Well-Barwidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: YRL #### Geometry - Grade: 11.3 - Grade Unit: g/t - Intercept: 1 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Salusa - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A bonanza-grade sub-interval from air-core drilling at Salusa, providing further evidence of gold mineralization. - Positive factor: Exceptional bonanza gold grade within a sub-interval, indicating high prospectivity. - Negative factor: True width not disclosed. - Negative factor: No depth information provided. Evidence · text > including 1m @ 11.3g/t Au. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 34 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-33) Ironstone Well-Barwidgee Gold Project and Mt McClure Gold Project · gold #### Identity - Project: Ironstone Well-Barwidgee Gold Project and Mt McClure Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: YRL #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The company reports a substantial total gold resource inventory, but it is a compilation of older estimates without a category breakdown, and not constrained by pit shells, leading to moderate confidence. - Positive factor: Significant total contained gold ounces for an exploration company. - Positive factor: Resource estimates are JORC compliant and signed off by Competent Persons. - Negative factor: The total resource is a compilation of older estimates, indicating staleness for some components. - Negative factor: No breakdown by resource category \(Measured, Indicated, Inferred\) is provided for the total. - Negative factor: Resources are reported as global estimates, not constrained by optimized pit shells, which may overstate economic viability. Evidence · text > Yandal's Mineral Resource Inventory comprises approximately 450,200 ounces of gold, including the Flushing Meadows Mineral Resource and the Mt McClure Mineral Resource portfolio. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 35 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-34) #### Identity - Ticker: YRL #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A substantial capital raise was successfully completed, providing crucial funding for the company's exploration activities and demonstrating investor support. - Positive factor: Successful capital raise provides significant funding for exploration programs. - Positive factor: Funds were raised from both existing and new shareholders, indicating market confidence. Evidence · text > In late 2025, Yandal raised approximately $13.5 million from existing and new shareholders. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 36 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-35) #### Identity - Ticker: YRL #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The exercise of options generated additional cash for the company, contributing to its funding for operations. - Positive factor: Additional cash received from options exercise strengthens the company's financial position. Evidence · text > The exercise of 23.9m $0.11 Options resulted in the receipt of an additional $2.6m of cash. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 37 [Link to this fact](https://atlas-staging.minestarters.com/news/yrl-annual-report-to-shareholders--3ab5d826-1285-4ad7-8c0e-27800571ee28#fact-drill-facts-36) #### Identity - Ticker: YRL #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The company successfully divested a non-core asset, receiving cash and shares, which enhances its financial position and strategic focus. - Positive factor: Sale of non-core asset generates cash and shares, improving financial flexibility. - Positive factor: Strategic review led to divestment, allowing focus on priority projects. Evidence · text > In August 2025, a Tenement Sale Agreement was executed with Horizon Minerals Ltd \(ASX: HRZ\) for the sale of the Gordons Gold Project. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.