Yandal Gold Project
Overview
The Yandal Project lies in the Yandal Greenstone Belt in Western Australia’s north-eastern Goldfields. The Project is located only 50km from Northern Star Resources’ 220,000 ounce per annum Jundee Gold Operations, with excellent regional and local infrastructure. The Yandal Project hosts a Mineral Resource of ~400koz of contained gold with strong upside potential
Location and Access
The Yandal Project is located near the Warburton Mineral Field, Western Australia.
Horse Well Project
The Horse Well Gold Camp is located in the Warburton Mineral Field of Western Australia and is approximately 85 kilometres north-east of the town of Wiluna.
The Horse Well Gold Camp is situated in the northernmost part of the Yandal/Millrose Greenstone belt that hosts a number of multi-million ounce gold projects, such as the Jundee, Bronzewing and Darlot-Centenary gold mines.
The Horse Well Gold Camp is situated at a significant jog in the Celia Shear Zone and is intersected by multiple cross-cutting structures. Historically, exploration only focused on the outcropping regions of Horse Well, leading to the discovery of the Palomino, Warmblood and Filly prospects.
Recent exploration by Strickland has proven that the prospects are in fact part of a multi-structure, highly-endowed, interconnected gold system spanning over 10km of strike.
Yandal Mineral Resource
The extensional drilling conducted throughout 2024 at the Horse Well Gold Camp has delivered significant growth in endowment at the Yandal Project, increasing the Horse Well Gold Camp resource from the 2019 Mineral Resource Estimate of 148,100 oz Au to 291,500 oz Au (up 97%). The Project-wide resource total now stands at 400,400 oz Au, representing a 56% increase from the 2019 Project-wide resource estimate of 257,000 oz Au.
| AREA | TONNES | GRADE (G/T) | OUNCES GOLD |
| Palomino | 2,118,000 | 1.90 | 129,500 |
| Filly | 581,000 | 1.15 | 21,500 |
| Warmblood | 1,656,000 | 2.37 | 126,000 |
| Bronco | 324,000 | 1.38 | 14,500 |
| Dusk ’til Dawn | 3,495,600 | 1.0 | 108,900 |
| Total | 8,174,600 | 1.52 | 400,400 |
Notes:
*For full detail of the Dusk ‘til Dawn Mineral Resource Estimate, refer to the Company’s ASX announcement dated 26 August 2019.
· Mineral Resources are based on JORC Code Definitions as defined by the Australasian Code for Reporting Results, Mineral Resources and Ore Reserves.
· All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding.
· The Mineral Resource Estimate has been estimated using appropriate high-grade cuts, minimum mining widths and dilutions.
· Tonnes rounded to the nearest 1,000t, ounces rounded to the nearest 500oz.
Future Activities
Exploration at the Yandal Project is focused on expanding the existing Mineral Resource base within the Horse Well Gold Camp, with 20,000m of Resource definition and discovery drilling planned for 2025, with an initial focus on the Dusk til Dawn Gold Camp.
Competent Persons Statement
The information in this presentation that relates to Exploration Results and Mineral Resources has been extracted from various STK ASX announcements and are available to view on the STK website at www.stricklandmetals.com.au or through the ASX website at www.asx.com.au (using ticker code “STK”).
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.