During its EIS-supported program, Gateway retains the flexibility to move the diamond rig to undertake self-funded follow-up drilling at other targets such as at Haflinger or to pursue promising aircore results at its high-priority Pony intrusion or its proposed stratigraphic holes at Great Western.
The Yandal project, acquired from Strickland Metals in August 2025 for $45m in equity, hosts a JORC 2012 estimated inferred resource of 400,400 ounces of gold.
Led by the experienced former Strickland Metals Yandal crew, known for its stunning regional successes in the area, Gateway is building on the Strickland database and knowledge, complemented by results of its own recent work, including a 44,000m aircore drilling program and IP surveys.
The work has already identified strong targets, including Haflinger, sitting amid structural complexities at the junction of the major Celia and Mustang shears, a location which indicates significant gold potential.
With $12.1m in cash and liquid securities as of June 2025, bolstered by a recent $22.5m capital raising, Gateway is well-funded to pursue its 2025-2026 exploration agenda.
The company says it might add a second diamond rig later this year, depending on ground conditions and drilling progress, to ensure all of its key targets are tested efficiently.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
