Yandal Resources Ltd. announced an initial Mineral Resource Estimate for its Success deposit within the 100% owned Mt McClure gold project in Yandal Greenstone Belt of Western Australia. The project covers 36km2 of tenure approximately 20km south-west from the historic Bronzewing mine and is close to existing haul roads and Northern Star's Orelia Development. The project is situated within the "Southern Trend" of the historic Mt McClure mining camp which has an overall gold endowment of >1.8moz from a number of open pits covering a strike length of some 45km.

The Mt McClure Project includes three historic mining areas; Challenger, Success and Parmelia which all have substantial mineralisation beneath the base of mining as defined by historic and more recent drilling by Yandal Resources. The initial Success MRE contains a total of 1,255,000t @ 1.9g/t Au for 75,000oz (> 1g/t Au lower cut-off grade). The MRE was compiled in accordance with the guidelines defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC, 2012) by Andrew Bewsher of BM Geological Services.

The Success MRE includes mineralisation beneath the historic shallow open pit which was mined to a depth of approximately 80m. The modelled wireframes extend to a maximum vertical depth of approximately 210m and are constrained by a lack of drilling at depth. Previous broad spaced deep drilling by Yandal Resources has confirmed that the mineralisation envelope at Success extends for at least a further 150m down dip beyond the currently defined wireframes providing scope for additional resource updates upon completion of infill drilling.

Success is the second of three MRE's currently being defined at Mt Mt McClure. The initial Challenger MRE of 44,000oz and the Parmelia MRE is currently in progress. Strategy: The Company's strategy at Mt McClure is threefold: Define and quantify the remnant resources immediately below the historic open pits; Target higher grade zones beneath the defined remnant resources, potential strike extensions and new footwall zones; and Test structural and other conceptual targets identified from aeromagnetic interpretation Key exploration activities planned during the September quarter include; Aircore and RC programs to test priority targets at Ironstone Well and Barwidgee including Cash, Sims Find, New England Granite, Newport, Quarter Moon, Oblique and Barwidgee Shear.

RC drilling programs at Mt McClure testing target areas adjacent to historic open cut mines and commence aircore drill testing of structural targets identified from aeromagnetic data. Review historic and recent drilling data at the Mt McClure Project to establish controls on potential higher grade plunging shoots and the potential for increasing the initial Mineral Resource Estimates at Challenger, Success and Parmelia. Finalise follow-up drilling at the Gordons Project including tests of the newly identified high- grade mineralisation at the Meuleman Prospect and Zoehrer Prospects.