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YANDAL RESOURCES LIMITED

A NEW GOLD COMPANY FOCUSSED ON THE HIGHLY PROSPECTIVE YANDAL GREENSTONE BELT IN WESTERN AUSTRALIA

Lorry Hughes – Managing Director & CEO Proactive Investors CEO Sessions - 22nd October 2018 Download the Prospectus

www.yandalresources.com.au

✓ Raising $5m via IPO; ✓ Highly sought after projects; ✓ Multiple gold deposits defined by historic drilling; ✓ Close to major operating gold mines; ✓ Potential for “Tier 1” multi- million ounce deposits; ✓ Strategic shareholders on- board; ✓ Management has strong track record of delivering value for shareholders.

ASX Code: YRL

Email

lorry.hughes@yandalresources.com.au

“The Yandal Greenstone Belt continues to host new large scale gold discoveries”

Competent Persons Statement The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Trevor Saul, a Competent Person who are Members of the Australasian Institute of Mining and Metallurgy. Mr Saul is a full time employee of Yandal Resources Ltd. Mr Saul has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Saul consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

1

Disclaimer and Competent Persons Statement

Download the Prospectus www.yandalresources.com.au Yandal Resources Limited (ACN 108 753 608) is making an offer of securities by a Prospectus dated 19 October 2018.. Offers of securities must be made in or accompanied by a copy of the Prospectus. A person should consider the Prospectus in deciding whether to acquire securities. Anyone who wants to acquire securities will need to complete the Application Form that will be in or will accompany the Prospectus.

Walk up opportunity to expand historic gold mineralisation and make new discoveries ✓ Four high quality gold projects in proven WA greenstone belts; ✓ Projects host significant gold deposits on major structures which warrant further drilling; ✓ Substantial gold mineralisation has been defined with historic drilling at all four projects; ✓ Well located within economic haulage distance to a number of 3rd party processing plants.

2

The Projects

Gold industry production costs have reduced significantly since 2012 Overview Number $ Vendor Shares/ Management 17.15M Seed Shares @ 7.5c 11.16M $0.84M IPO Shares @ 20c 25.00M $5.00M Options @ 25c 6.50M Listing Costs (Max) $0.49M Cash on Listing $5.20M Shares on Listing 53.31M

Last major exploration programs on all YRL projects!

3

Proposed Capital Structure

Market Cap on listing ~$10.7M – tight and strategic share register

% Total Shares Board & Founders Vendors Strategic Miner High Net Worth Retail Estimated composition of YRL’s share register upon ASX listing

Do you buy Gold or Cryptos backed by Gold?

KATINA LAW BCom, CPA, MBA, GAICD NON EXECUTIVE CHAIR LORRY HUGHES BSc (Geol) MAusIMM MANAGING DIRECTOR KELLY ROSS BBus, CPA, AGIA NON EXECUTIVE DIRECTOR

Mr Hughes is an Economic Geologist with

• ver

24 years’ experience and was recently Executive Director of Intermin Resources Ltd and Managing Director and CEO of South Boulder Mines Ltd (now ASX: DNK and ASX: DKM) from 2008 – 2013. He has held executive and senior management positions on mining and development projects for companies including Energy Metals Ltd, CSA Global, Rio Tinto and

• Barrick. Mr Hughes has

comprehensive mining, exploration and development experience from numerous gold mining projects in Western Australia. Ms Ross is a Chartered Secretary with

• ver 30 years’ experience in the mining

industry. Ms Ross was a senior accountant at Resolute Mining Ltd (ASX: RSG) from 1987 - 2000 during which time RSG became a gold producer in Ghana, Tanzania and at several mines in Western Australia. Ms Ross was the Company Secretary

• f

Independence Group NL (ASX: IGO) for 10 years from 2001 to 2011 and a Director for 12 years from 2002 - 2014. Mrs Ross is currently a NED of Musgrave Minerals Ltd (ASX: MGV).

Board and Management

4

Ms Law has over 25 years’ experience in the mining industry covering corporate and site-based roles across several

• continents. Over the past ten years she

has worked with a number of listed resources companies in strategic financial advisory and general management roles. Ms Law was Executive Director & CEO of East Africa Resources Ltd from 2012 - 2015 and has held senior positions at Newmont Mining Corporation’s head

• ffice

in Denver,

• USA. She is currently Chair of Ardea

Resources Ltd (ASX: ARL).

Immediately adjacent competitor companies are mining, making new discoveries and growing Resources (ASX: NST, BLK, BGL, EAR, GTE, RNX and RED most active) Over 20 Moz of Resources discovered in the Yandal Greenstone Belt to date; YRL will target: ✓ Discovery of “Tier 1” gold deposits in proven jurisdictions; ✓ Major structures along strike or adjacent to known gold deposits; ✓ Interpretation of historic geological data to make new discoveries and expand known deposits using modern exploration techniques; ✓ Rapid commercialisation of gold deposits within economic haulage distance to a number of 3rd party processing plants.

5

Regional Vision

Ironstone Well and Barwidgee Gold Projects 100% – Western Australia (472km2)

✓ 55km strike of contiguous mining tenements over prospective Yandal Greenstone Belt rocks; ✓ 35-85km south of the giant Jundee gold mine (>10Moz) owned by Northern Star Resources Ltd (ASX: NST); ✓ Substantial oxide gold mineralisation within large structures have been intersected which have had very little or no drilling beneath into primary rock; ✓ All deposits are shallow, open, under-explored and were first identified in the 1980’s and 1990’s at much lower gold prices; ✓ The largest deposit Flushing Meadows deposit is located 60-70km from three processing facilities and is within a granted Mining Lease.

6

Project Summary – Four Key Projects

Flushing Meadows Outcrop Flinders Park South Outcrop New RC Drilling Flushing Meadows

Mt McClure Gold Project 100% – Western Australia (54km2)

✓ Situated only 10-28km from the Bronzewing mill owned by Echo Resources Ltd (ASX: EAR); ✓ Contains substantial gold mineralisation within large structures which have had limited drilling at depth; ✓ Contains the historic Success, Parmelia and Challenger oxide open pit gold mines (~110koz mined); ✓ Contains 20km strike of shear and contact related mineralised trends only 1km south of Echo’s 1-2Moz Orelia Gold Deposit; ✓ Mineralisation open at depth and along strike; ✓ Numerous areas have walk up drilling targets expected to confirm and expand mineralisation.

Gordons Gold Project 100% – Western Australia (100km2)

✓ 16km north of Northern Star’s giant Kanowna Belle gold mine (>10Moz) near Kalgoorlie; ✓ Project directly surrounds the operating Gordon-Sirdar underground gold mine and is along strike from the historic Mulgarrie Gold Mine (~250koz mined); ✓ Drilling is required to test for primary mineralisation beneath historic and recent shallow high grade RC drill results including; ✓ 10m @ 6.02g/t Au from 31m, 4m @ 13.15g/t Au from 33m and 9m @ 4.37g/t Au from 32m.

6

Project Summary – 4 Key Projects (cont.)

7

Confirm and expand historic resources and commence mining studies

✓ New discoveries are being made along strike and in adjacent ground positions; ✓ Numerous deposits and prospects within and adjacent to project boundaries; ✓ Opportunity to grow Resources along strike and at depth from known mineralisation; ✓ Targeting large deposits related to major shears and cross structures in ineffectively tested areas; ✓ A number of companies have enquired about acquiring our assets.

8

Ironstone Well & Barwidgee Projects – Overview

9

Ironstone Well & Barwidgee Projects – New Discovery Targets

Potential for significant new discoveries ✓ Numerous areas along strike from known prospects are sparsely tested; ✓ Significant drill intercepts and highly anomalous geochemistry along strike; Flinders Park ✓ +700m long anomalous gold in RAB/AC intercepts, deeply weathered, open and sparsely drilled; ✓ 4m @ 7.60g/t Au from 68m; and ✓ 4m @ 5.60g/t Au from 40m ✓ Aircore holes finished in saprock at >100m depth; Rosewall ✓ +500m long anomalous As/Au in RAB intercepts followed up with only three RC holes; ✓ 6m @ 6.64g/t Au from 13m (RC hole BDYC43, mineralisation related to shallow quartz vein); Atlanta ✓ 5km strike length containing highly anomalous RAB intercepts with limited RC drilling.

RC drilling planned straight after listing at Flinders Park and Rosewall

✓ Extensive areas are interpreted to have been drill tested using ineffective reconnaissance techniques; ✓ Complex regolith profile not recognised; ✓ Numerous holes too shallow; ✓ Assayed Au at ppm level instead of ppb.

10

High grade gold intercepts

Ironstone Well & Barwidgee Projects – Historic Drilling

Numerous historic drilling campaigns were too shallow for an effective test

✓ The Flushing Meadows, Oblique and Quarter Moon prospects all contain historically drilled oxide gold mineralisation, have had limited drilling at depth and sparse attention over the past 25 years; ✓ These are large and highly mineralised systems with numerous priority brownfield targets ready for new drilling. Flushing Meadows – Flagship Prospect ✓ A significant oxide gold deposit with very limited drilling at depth; ✓ Historic oxide pit optimisation studies were completed in 2009 suggesting an economic pit could be constructed; ✓ Recent drilling to expand Resources has generated new high grade targets along strike and in strike parallel positions; ✓ RC drilling and new QA/QC sampling programs as part of JORC Resource compilation activity recently commenced with results outstanding.

11

Ironstone Well Project - Flushing Meadows Prospect

JORC Resource to be defined and development potential revisited

Immediate shallow Resource growth potential

A A’ B B’ Cross Section A

12

Flushing Meadows Prospect – Intercepts and Cross Sections

✓ Shallow oxide gold in shears/quartz and sulphide lodes within felsic dominated volcanogenic sediments, intercalated with basalts and banded iron formations; ✓ Historic Resource was wireframe-modelled as multiple parallel ore shoots over 1km along strike; and ✓ Mineralisation has been identified in sparse reconnaissance style drilling for a further 1.3km along strike.

A A’ B B’

Immediate shallow Resource growth potential

Cross Section B

Recent intercepts completed by Yandal Resources; ✓ 5m @ 9.38g/t Au from 16m; ✓ 1m @ 39.15g/t Au from 17m; ✓ 1m @ 29.40g/t Au from 50m; ✓ 9m @ 1.49g/t Au from 0m; ✓ 3m @ 30.7 g/t Au from 25m; and ✓ 3m @ 9.70g/t Au from 56m.

13

Flushing Meadows Prospect – Intercepts and Cross Sections

Potential for shallow mining developments and major discoveries

✓ Historic Resource drilled at 12.5–25m along strike and 10-20m down dip with limited drilling at depth; ✓ Opportunity to extend high grade HW lode which is modelled for only 100m along strike, numerous recon style intercepts along strike; Key focus in 2018/2019 is to; ✓ RC drill define mineralisation north and south along strike where there is predominantly shallow aircore and RAB drilling only; ✓ Compile robust JORC Resource; ✓ Commence mining studies and approvals; ✓ Oxide targets to be tested first then primary mineralisation in multiple lodes at depth.

14

Flushing Meadows Prospect – path forward in 2018/2019

Open in all directions and under drilled! Continuous mineralisation for over 2kms!

The Success – Parmelia - Challenger trend; ✓ Extensive gold system with excellent potential for new Resources at depth; ✓ Gold within schistose tuffaceous metasediments; ✓ >100,000 oz of historic production from three shallow

• xide open pits;

The Success deposit (Open at Depth); ✓ Consistent thick mineralisation has been defined for the entire 600m strike length; ✓ Priority targets include extensions to high grade shoots including 5m @ 16.08g/t Au from 104m; The Challenger deposit; ✓ Immediate Resource growth potential down plunge and along strike; ✓ High grade hanging wall mineralisation is a priority target and includes; ✓ 1m @ 103.00g/t Au from 83m; ✓ High grades down plunge from shallow pits include; ✓ 1m @ 54.14g/t Au from 79m

15

Mt McClure – Project Overview

Deposits open at depth and located 10-28km from the Bronzewing mill

>600m strike length and 10m true width; a substantial deposit open at depth

16

Mt McClure – Success Prospect

Cross Section location see next slide

✓ Success was open pit mined between 1993 - 2010 for ~38,000 oz to ~80m vertical depth; ✓ Historic high grade primary intercepts including; ✓ 5m @ 16.08g/t; and ✓ 5m @ 11.56g/t at the base of the pit; ✓ These combined with unmined intercepts at depth indicate potential to define high grade plunging shoots; ✓ Historic intercepts beneath pit include; ✓ 6.6m @ 4.12g/t (154.8m); ✓ 4.6m @ 3.61g/t (185.9m); ✓ 7.1m @ 3.09g/t (180.9m); ✓ 8.0m @ 3.23g/t (140.0m); ✓ 5.0m @ 4.04g/t (204.0m); ✓ RC and diamond drilling is planned to test between 150m – 250m depth.

17

Mt McClure – Success Prospect: mineralisation cross section

>600m strike length and 10m true width; a substantial deposit open at depth

18

Mt McClure – Success Prospect: long section

Consistent, thick and open orebody with limited drilling beneath 150m

✓ Located 16km north of Northern Star’s Kanowna Belle Gold Mine; ✓ Numerous targets focussed on geological contacts between mafic, ultramafic and felsic rocks; ✓ Drilling planned to test for primary mineralisation beneath historic and recent shallow high grade drill results including; ✓ 10m @ 6.02g/t Au from 31m; ✓ 4m @ 13.15g/t Au from 33m; and ✓ 9m @ 4.37g/t Au from 32m; ✓ Mulgarrie North contains significant historic high grade workings ~1km directly along strike from the Mulgarrie Gold Mining Centre (>250koz) and contains similar prospective geological contacts; ✓ $60k EIS Co-funded drilling application granted for 2018 – November start date.

8

Inset Map Slide 21 Inset Map Slide 20

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Gordons Gold Project

Walk up discovery and resource drilling targets

✓ Shallow high grade paleochannel hosted gold mineralisation defined to date; ✓ Intersections over an area 200m long by 60m wide; ✓ Anomalous transitional and primary bedrock RC interval discovered including; ✓ 24m at 0.30g/t Au from 32m; ✓ Mining Lease application lodged; ✓ Targeting primary mineralisation related to shear zones and quartz veins focussed along mafic, ultramafic and felsic contact zones.

20

Gordons Dam Prospect – historical drilling

Opportunity to quickly define a maiden JORC Resource

21

Mulgarrie North Prospect

Significant potential along 5km of untested basalt –ultramafic contact

Contacts untested for

• ver 5km

along strike! Diamond hole

✓ Located 10km east of the Paddington mill; ✓ Includes the historic Lady Clara and Dickens Custer mines which produced from quartz veins grading 20-50g/t Au; ✓ Recent sampling at the Lady Clara mine returned; ✓ 12.80g/t Au in backs; ✓ 8.13g/t Au in south east face; ✓ 17.90g/t Au in footwall; ✓ 2.00g/t Au in hanging wall; ✓ Only one hole has tested bedrock beneath a 3.17g/t Au

• xide RAB intercept, diamond

hole returned 1m @ 2.20g/t Au from 117m downhole within a quartz vein, more work required.

Opening Date 29th October 2018 Closing Date 3rd December 2018 Issue of Shares under Prospectus 10th December 2018 Despatch of holding statements 12th December 2018 Shares commence trading on ASX 19th December 2018

22

Key Dates of the Offer

Download the Prospectus at www.yandalresources.com.au First in best dressed!

Download the Prospectus www.yandalresources.com.au Yandal Resources Limited (ACN 108 753 608) is making an offer of securities by a Prospectus dated 19 October 2018. Offers of securities must be made in or accompanied by a copy of the Prospectus. A person should consider the Prospectus in deciding whether to acquire securities. Anyone who wants to acquire securities will need to complete the Application Form that will be in or will accompany the Prospectus. These dates are indicative only. We reserve the right to vary any of these dates, withdraw the Offer at any time before allotment of the Shares and to close the Offer early or extend the Closing Date, without notice to you. You are encouraged to apply as soon as possible after the Offer opens as the Offer may close at any time without notice.

✓ Gold has been at attractive levels for the last 8 years; ✓ YRL has high quality gold projects with a focus on the Yandal Greenstone Belt proven to host “Tier 1” gold deposits; ✓ YRL projects contain significant gold deposits, they are open in all directions and underexplored; ✓ YRL has a two-pronged exploration strategy; ✓ Build JORC Resources and rapidly develop mines; ✓ Develop and drill test our best Greenfields targets to make new discoveries; ✓ YRL has a strategic share register and will have a low market cap on listing; ✓ YRL has experienced management with a track record of success; ✓ YRL is a premier gold development opportunity set for rapid growth.

23

Investment Summary

Thankyou – Questions!

Street

159 Stirling Highway Nedlands WA 6009

Postal

PO Box 1104 Nedlands WA 6909

Phone / Fax

P: +61 8 9386 4699 F: +61 8 9386 9473

Email / Website

lorry.hughes@yandalresources.com.au www.yandalresources.com.au

24

Contact

LORRY HUGHES BSc (Geol) MAusIMM MANAGING DIRECTOR

Mr Hughes is an Economic Geologist with

• ver

24 years’ experience and was recently Executive Director of Intermin Resources Ltd and Managing Director and CEO of South Boulder Mines Ltd (now ASX: DNK and ASX: DKM) from 2008 – 2013. He has held executive and senior management positions on mining and development projects for companies including Energy Metals Ltd, CSA Global, Rio Tinto and

• Barrick. Mr Hughes has

comprehensive mining, exploration and development experience from numerous gold mining projects in Western Australia. Mrs Taveira is a highly experienced Company Secretary and has been providing administration and executive secretarial services to many listed and unlisted public companies for 17 years.

TREV SAUL BSc (Hons Geol) MAusIMM EXPLORATION MANAGER BIANCA TAVEIRA COMPANY SECRETARY

Mr Saul has 22 years’ experience working on resource projects in Australia and spent his first 10 years in open pit and underground mines with companies including Newcrest, Newmont and

• Barrick. Since then his focus has been
• n exploration and development projects

for Au, U, Mn and Cu. Trevor has substantial Yilgarn gold experience and brings a strong focus on field work and geological modelling using the latest exploration techniques.

Appendix - Management Team

25

Andrew Bald CORPORATE ADVISOR

Mr Bald is the Executive Director of Panthea Capital, a Sydney based boutique corporate advisory firm. Mr Bald has over 25 years experience in banking and corporate finance,

• riginating

transactions and assisting companies to raise capital and manage their debt and equity requirements. He has arranged the IPO for a number of resource companies, managed placements and undertaken restructures including mergers and acquisitions and divestments.

DR MICHAEL RUANE Ph.D., MRACI TECHNICAL CONSULTANT

• Dr. Ruane has an extensive history as a

successful Executive Director of ASX listed and private companies in the natural resources, metallurgical, bio- technology and travel industries. His experience spans

• ver

40 years

• n

Australian and International projects. He has extensive experience in management

• f

exploration and mine development activities. He also served as the Chairman of Jetset Travelworld Ltd and is currently a Director at Kesli Chemicals Pty Ltd, Tyson Resources Pty Ltd and Reward Minerals Ltd.