Yandal Resources (ASX: YRL) – high profile Wiluna explorer

COMPANY SCOREBOARD

Pro Plus	Pro	Con Plus	Con
	High caliber management and top shareholders	Large market cap without substance	No project pipeline

ABOUT COMPANY

Yandal Resources (YRL) (https://www.yandalresources.com.au/) explores gold in WA. It owns the Ironstone Well, Barwidgee, and Mt McClure gold projects in Yandal region, and the Gordons gold project in Kalgoorlie.

CAPITAL STRUCTURE


ASX Code	Share Price	Shares	Option (In)	Market Cap	Cash/Asset ($m)
YRL	0.13	309234982		40200547.6600	8.9/0


Holders No	Top 20 (Cur)	Top 20 (Pre)	Director Hold	Performance Right	Note
621	81.96%	77.25%	1.13%		last raise $7.5m@24c&11cOpt; pre raise $2.5m@8c

DGO holds 20m shares (19.9%), a Chinese (founder) is the second-largest holder, NST was the second-largest holder, but sold out.

In March 2023, the company recruited several prominent executives including former DGO MD Eduard Eshuys.

FLAGSHIP ASSETS

Mt McClure, Ironstone Well & Barwidgee Gold Project (472km2)

Yandal - Leinster - Gold & Nickel - NST, BHP, WSA, BGL, RED, STK

Project Data

The company drilled 88,000m in 2021 without defining any resource.

OTHER ASSETS

Gordons Gold Project Kalgoorlie WA

SUMMARY

There are several high-profiles in the top 20 list, but the company will need to refresh its projects.