Yandal Resources Ltd. announced an initial Mineral Resource Estimate (MRE) for its Parmelia 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 deposits covering a strike length of some 45km.

The company's 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 Parmelia MRE contains a total of 252,000t at 2.1g/t Au for 17,000oz (> 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 initial Parmelia MRE contains a total of 252,000t at 2.1g/t Au for 17,000oz (> 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 Parmelia MRE includes mineralisation beneath and along strike of the historic open pit which was mined to depths between 30m in the south-east to 100m in the north-west.

The modelled wireframes extend to a maximum vertical depth of approximately 130m and are constrained by a lack of drilling at depth. Previous broad spaced reconnaissance-style deep drilling by Yandal Resources has confirmed that the mineralisation envelope at Parmelia extends for at least a further 230m down dip beyond the currently defined wireframes providing scope for additional resource updates upon completion of infill drilling targeting higher grade zones.