Albion Resources Accelerates Gold Exploration at Yandal West

Albion Resources Accelerates Yandal West Gold Exploration with Seven New High-Priority Targets

Albion Resources (ASX: ALB) has made swift progress advancing its newly acquired Yandal West Project, revealing promising initial exploration results during the March 2025 quarter. With $4 million cash in reserves and newly expanded leadership, the company is positioning for a mid-year drilling campaign that could create significant value for shareholders. The Albion Resources Yandal West exploration program has quickly identified multiple targets of interest in a region known for substantial gold discoveries.

Promising IP Survey Identifies Multiple Drill-Ready Targets

The headline achievement this quarter was the identification of seven high-priority geophysical targets at the Ives Find prospect within the Yandal West Project. These targets were discovered through Gradient Array Induced Polarisation (GAIP) surveys covering a 2.4km by 1.2km grid, with results showing coincident resistivity and chargeability anomalies that indicate potential gold mineralisation.

What makes these findings particularly noteworthy is that:

• The strongest, central portions of each of the seven anomalies have never been drill tested
• Historical rock assays with elevated gold values partially coincide with at least four of these anomalies
• A recent rock chip sample taken by Albion from Bell Miner workings returned 114.4 g/t gold, along with 45.8 g/t silver and significant base metal values
• Several anomalies show similarities to Yandal Resources' Siona discovery

The resistivity survey identified a 2.5km-long northwest trend of anomalies that crosscut the Ives Find granite, while the chargeability survey detected coincident anomalies suggesting the presence of disseminated sulphides—a common association with gold mineralisation in the Yandal Greenstone Belt.

Strategic Project Location in Prolific Gold Region

Albion's Yandal West Gold Project comprises three contiguous tenements covering 61km² in the northeastern Goldfields Province of the Yilgarn Craton. The project's location in the northern section of the Yandal Greenstone Belt is particularly significant as this region hosts several multi-million-ounce gold deposits, including Northern Star Resources' Jundee and Bronzewing operations.

This strategic positioning provides Albion with potential future processing options should exploration success lead to resource definition. Furthermore, the region has witnessed significant battery metals boom alongside precious metals exploration, creating multiple potential avenues for value creation.

Understanding IP Surveys: The Key to Smart Gold Exploration

Induced Polarisation (IP) surveys represent a sophisticated geophysical technique that helps exploration companies identify potential mineralisation before allocating capital to drilling. These surveys measure two key properties:

Resistivity: Detects quartz veins and silicification commonly associated with gold deposits. Quartz is highly resistant to electrical current flow, creating distinctive anomalies in areas where it's concentrated.

Chargeability: Identifies disseminated sulphides, which often accompany gold mineralisation. When electrical current is applied to sulphide-bearing rocks, they temporarily store and then release this energy, creating measurable chargeability signatures.

The advantage of IP surveys comes from finding locations where both resistivity and chargeability anomalies coincide—suggesting the presence of both quartz veins and sulphides, a promising combination for gold discovery. For investors, this represents a targeted, cost-effective approach to exploration that increases the probability of drilling success. Many successful junior mining investments have been built on the back of this methodical approach to target identification.

Upcoming Catalysts and Exploration Timeline

Albion Resources Yandal West exploration includes a clear roadmap of near-term catalysts that should provide regular news flow and potential value inflection points:

• May 2025: Evaluation of Dipole-Dipole IP results at Yandal West
• May 2025: Interpretation of soil sampling assays and target prioritisation
• Mid-2025: Commencement of maiden drilling campaign, starting with AC drilling followed by RC drilling
• Early May 2025: Heritage surveys with Kultju Traditional Owners

The company has already secured necessary approvals of Program of Work (PoW) from DMIRS for both Ives Find and Barwidgee prospects, clearing regulatory hurdles for the planned drilling. In Australia, companies like Iluka are leading the way in global rare earth supply, highlighting the country's increasing importance in critical minerals.

Strengthened Leadership Team Positions Company for Growth

Albion has significantly bolstered its leadership team during the quarter:

• Peter Goh joined as Chief Executive Officer on March 5, 2025. With over 17 years of experience as a resources analyst and Chartered Accountant, Goh brings substantial expertise in evaluating projects across multiple commodities.
• Chris Tuckwell was appointed to the Board on January 29, 2025. Tuckwell brings over 40 years of mining industry experience, including 11 years as Managing Director of MACA Limited.

These appointments complement the company's technical capabilities and provide the governance structure needed to guide Albion through its next growth phase. The company is also monitoring developments in resource-rich regions like Africa, where strategic partnerships are unlocking critical minerals potential.

Solid Financial Position Supports Aggressive Exploration

Albion ended the March quarter with $4.08 million cash, providing ample funding for the planned exploration programs. This strong financial position follows the completion of the Yandal West acquisition in January 2025, which included:

• $1.26 million capital raise at $0.045 per share
• Issuance of $1 million in consideration shares to the project vendor
• Performance rights structured to align vendor interests with successful exploration outcomes

The company's quarterly cash burn rate suggests approximately 27 quarters of funding at current expenditure levels, though this will decrease as drilling activities accelerate in coming quarters. In contrast to some regions facing political turmoil, Australia offers mining companies a stable operating environment with strong governance structures.

Why Investors Should Follow Albion Resources

Albion Resources Yandal West exploration presents a compelling opportunity for gold-focused investors for several key reasons:

1. Strategic Location: The Yandal West Project sits in one of Australia's most productive gold regions, surrounded by multi-million-ounce deposits and processing infrastructure

2. Technical Validation: Initial exploration has already identified multiple high-priority targets with both geophysical and geochemical support, including rock chips with grades as high as 114.4 g/t gold

3. Experienced Leadership: The newly strengthened management team brings proven exploration and corporate capabilities

4. Strong Treasury: With $4 million in the bank, Albion is fully funded for its planned exploration programs

5. Clear Catalysts: A defined exploration timeline provides multiple near-term news flow opportunities throughout 2025

For gold exploration investors seeking exposure to a well-funded junior with quality assets in a tier-one jurisdiction, Albion Resources Yandal West exploration represents an opportunity to gain exposure to a focused exploration story at an early stage—before potential discovery-driven revaluation.

The company's progress at Yandal West, coming just months after acquisition, demonstrates an ability to execute efficiently and generate meaningful exploration results. With a maiden drilling campaign set to commence mid-year, Albion is positioned to potentially deliver the kind of exploration success that transforms junior resource companies.

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