Latest news with #Yandal
The Australian
07-08-2025
- Business
- The Australian
StockTake: Albion Resources
Stockhead's Tylah Tully examines Albion Resources (ASX:ALB) and the quick beginning of a second phase drill campaign into its Yandal West project after a first with still-outstanding assays returned high-grade quarry from an underexplored end of a top-tier jurisdiction. Watch the video to learn more. This video was developed in collaboration with Albion Resources, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Yahoo
30-06-2025
- Business
- Yahoo
Gateway Mining to buy Yandal gold project in Western Australia for $29m
Gateway Mining has agreed with Strickland Metals to acquire latter's interest in the Yandal gold project in Western Australia. The strategic acquisition, which hinges on approval from shareholders of both companies, includes an inferred resource of 8.17 million tonnes (mt) at 1.52g/t gold, totalling 400,400 ounces (oz) of gold. Gateway is to issue A$45m ($29.3m) worth of 1.5 billion convertible preference shares to Strickland, with conditions including the transfer of joint venture obligations and obtaining necessary approvals. The completion of the transaction will occur in the latter half of August 2025. The Yandal gold project spans 1,780km² along the eastern flank of the Yandal Greenstone Belt. Gateway will initially focus on the application for a mining licence for the Horse Well Gold Camp at the Yandal gold project on which Strickland has already began work, prioritising environmental and Native Title surveys to unlock the camp's value. Strickland Metals commissioned consulting group Trepanier to estimate the mineral resource at the Dusk 'til Dawn prospect within the Yandal project, revealing an inferred resource of 108,900oz of gold. The prospect is part of a larger orogenic gold system, with significant exploration potential west of the current resource. Gateway's exploration strategy includes detailed mapping and sampling, as well as angled aircore drilling to expand the existing mineral inventory. Strickland's work at the Dusk 'til Dawn Gold Camp has highlighted the potential for large intrusion-related gold deposits. This is supported by geochemical zonation and gravity inversion modelling, indicating untested intrusive units at the core of the hydrothermal system. Gateway plans to begin drilling at Yandal in late 2025 or early 2026. As of the end of the March 2025 quarter, Gateway is in a robust financial position with A$13.6m in cash and liquid securities listed on the ASX - well-funded to carry out its exploration activities planned for 2025 and 2026. The acquisitionalso includes the Iroquois project, north of the Yandal project, where Strickland holds an 80% interest and manages the joint venture. The region is considered highly prospective for zinc-lead discoveries. "Gateway Mining to buy Yandal gold project in Western Australia for $29m" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
18-05-2025
- Business
- News.com.au
Albion could host WA's next big gold play CEO Peter Goh says
Albion's new CEO Peter Goh is hunting for the next discovery in WA's Yandal gold province Yandal West project has the right geology in the right region with three mills nearby Company is confidence of project's potential considering current gold prices Albion Resources has a new CEO at the helm as it looks to unearth a major greenfields discovery in WA's Yandal gold province. The company holds the Yandal West project, which sits around 55km north of Northern Star Resources' (ASX:NST) Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce district producing around 300,000ozpa. The region is, however, remote and remains underexplored as underlined by the success of neighbour Yandal Resources (ASX:YRL), which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. For new CEO Peter Goh, these are just some of the many X-factors that drew him to the role with Albion Resources (ASX:ALB). 'It's in the world class Yandal greenstone belt, and within 60km of us there's three processing plants, which was a huge strategic advantage and tick for me when I was doing my due diligence,' Goh said. 'Not only is this a big tick of approval for resource endowment in the area, with big players nearby, geologically we know there's gold mineralisation on the tenements, there's been historical drilling there, there's been historical mining there back in the 1900s and it's significantly underexplored. 'We think we can apply new exploration techniques and that will offer a really good opportunity in this rising gold market.' Gold bull market Coming from a background as a chartered accountant and an analyst building financial models with IPM Global before a stint in business development with Iluka Resources (ASX:ILU), Goh brings a wealth of knowledge and passion about junior resources and small caps to the company. With this background in financial analysis, when Goh says the company's finances are strong, he knows what he's on about. 'They've got $4m in the bank, a tight capital structure with only 132m shares on issue, and it has strong support from the top 20 shareholders, who have about 57% of the register,' Goh said. 'So with the geology and the finances, we have all the right ingredients to have some success here. 'When that opportunity came across my desk it was an easy decision to make the move over from the very structured role with Iluka into this small cap space, and I'm really excited about it.' That's a strong launching pad for a junior in the current gold market, with prices riding high at close to A$5000/oz. Don't need 1Moz to create value Goh notes that the landscape for gold exploration has shifted in the last few years, where historically juniors needed to demonstrate a pathway to 1Moz before really being taken seriously by the market and majors. Now some outperformers boast far smaller resources, which are cash printing machines with US dollar prices of around US$3150/oz. 'To the north of us is Strickland Metals (ASX:STK) who pulled up a 350,000oz deposit and they sold that to Northern Star (ASX:NST) for $61m in 2023,' Goh said. 'That's not a 1Moz deposit that's 350,000oz close to the Jundee mine. 'So that highlights that if processing plants are hungry, being close strategically offers some value for small scale deposits. 'We haven't started drilling and I don't want to get ahead of myself here, but you don't need that 1Moz mark to add value.' Goh also flagged new director Chris Tuckwell, who came along with the Yandal West acquisition, is another feather in the company's cap. 'That's a huge win for us,' he said. 'He has 11 years' experience with MACA, the mining contractor, so if we do have some success here, and obviously we've got to walk before we can run, but he will be invaluable to me and to the company as we try to unlock value for shareholders.' Earlier this month, the company announced two promising drill targets identified via a dipole induced polarisation survey which have never been touched by the drill bit and are expected to be encountered at shallow depths. Albion is just waiting on soil samples to come through, with heritage surveys underway and plans drill these promising new targets as part of its maiden campaign in June.
The Australian
07-05-2025
- Business
- The Australian
Albion's standout WA gold targets
Albion Resources spots two walk up drill targets on the hunt for large-scale gold prospects at Yandal West. The drill targets (Collavilla West and East) are near historical gold hits, at surface, of up to 23.3g/t Au with potential to host an intrusive-hosted discovery. The project is in a multi-million-ounce gold region near Northern Star's legendary Jundee mine, with drilling planned for June. Special Report: Albion Resources has been given a major boost ahead of drilling in June in its hopes to unearth a major greenfields discovery in WA's rich Yandal gold province. A dipole dipole induced polarisation survey, which uses electrical signals to map potential disseminated sulphides and geological structures to penetrate targets beneath cover, has identified two high-priority targets at the Yandal West project never touched by the drill bit at shallow depths. Chargeability anomalies at Collavilla East and West begin near surface and extend to at least 300m depth, suggesting Albion Resources (ASX:ALB) has the potential to find something of significant scale close to surface in the historically significant WA gold district. Collavilla East anomaly sits below a 70m gold-bearing quartz reef mapped by Northpac Exploration in 1983, with 6 g/t Au as well as other high-grade rocks up to 23.3 g/t nearby. Even more exciting is the deep resistivity feature that suggests an intrusive source beneath both prospects is possible. Other granite or porphyry intrusive hosted deposits known to occur in Western Australia includes, the ~11Moz Hemi and ~6Moz Gruyere. There is more to come before drilling takes place. Soil assays are on their way, with onsite ground truthing and rock chip sampling fieldwork to be completed by mid-May and heritage surveys and approvals anticipated for Yandal West in late-May. Drill targets will then be prioritised ahead of the maiden campaign expected in June. 'We're very excited by the latest DDIP results, which have delivered high-priority, walk-up drill targets at Collavilla East and West,' Albion CEO Peter Goh said. 'The combination of strong geophysical anomalies, historical high-grade rock chips, and the presence of a mapped gold-bearing reef gives us real confidence in the potential of the system. The team is energised, as we move toward our maiden drill campaign at Yandal West.' Albion is zeroing in on its first drill targets at Yandal West. Pic: ALB ASX Announcement 6th May 2025. Multi-million ounce gold field Albion Resources secured the ground in a deal with Great Western Exploration (ASX:GTE) that closed in January, nabbing 80% of two exploration licences E53/1612 and E53/1816 and 100% of E53/1369. All tenements are located on the Barwidgee pastoral lease near Wiluna in central WA. Located in the Yandal Greenstone Belt, ALB holds 61km2 of ground 55km north of Northern Star's Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce province producing around ~274,000 oz in 2024. But the region is remote and remains incredibly underexplored. That was underlined by the success of Albion's neighbour Yandal Resources (ASX:YRL) , which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. On top of Collavilla East and West, Albion has already identified at least six other priority targets at Ives Find prospect from the gradient array IP survey which occur associated with a 4km by 750m granite where previous drilling has intersected up to 3m at 15 g/t Au (See ALB ASX Announcement 10th April 2025). In addition, the Barwdigee Fault prospect, is already a walk-up drill target to follow up historical drilling that returned 4m at 9g/t. The impending drill program could not be better timed, with gold prices sitting at better than US$3300/oz and more than $5000/oz in Aussie dollar terms. This article was developed in collaboration with Albion Resources, a Stockhead advertiser at the time of publishing, all figures and references are documented in the ALB ASX Announcement 6th May 2025. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
