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Yandal Resources outlines capital raising to accelerate exploration

Yandal Resources Limited (ASX:YRL) managing director Lorry Hughes speaks to Proactive Investors about the new rights issue to shareholders to raise around $2.9 million. 
 
Hughes says this puts the company in a great position when the gold market is flying high. 
“We’ve got fantastic projects and have received fantastic encouragement,” he says. 
 
“We’ve got new results to come and we’ve nearly finished our infill drill program – all that leads to generating our main resource probably around August.” 

Quick facts: Yandal Resources Ltd

Price: 0.25 AUD

ASX:YRL
Market: ASX
Market Cap: $20.05 m
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Full interview: Yandal Resources reflects on a productive 12 months since...

Yandal Resources Ltd (ASX:YRL) managing director Lorry Hughes updates Proactive on the year that was, 12 months after listing on the ASX. Hughes said it had been an immensely satisfying first year with the company in a great position for continued growth after defining a maiden...

on 4/12/19

2 min read