Yandal West Drilling Ramps Up: What Risks Could Impact Albion’s Exploration Success?

Albion Resources Kicks Off Phase 2 Drilling at Yandal West

Albion Resources Limited (ASX, ALB) has officially commenced the second phase of its Reverse Circulation (RC) drilling program at the Yandal West Project, situated within the prolific Yandal Greenstone Belt of Western Australia. This phase involves approximately 1,700 metres of drilling aimed at testing several high-priority gold targets that have shown promising historical results and geophysical anomalies.

Targeting Multiple High-Value Zones

The drilling campaign focuses on key areas including the Collavilla Historical Workings, where shallow mineralised quartz veins with previous high-grade hits offer a compelling exploration opportunity. Drilling will extend southwest and southeast from these veins, particularly along the greenstone contact, a geological setting often associated with gold mineralisation.

Additional targets include Collavilla East, where a significant chargeability anomaly extends to about 300 metres depth near mineralised veins, supported by encouraging rock chip assays. The broader Ives Find area has also yielded new conceptual structural targets, while Barwidgee Central drilling aims to follow up on historic intercepts such as 4 metres at 9.0 grams per tonne gold from 39 metres depth, with mineralisation still open at depth.

The May Queen Prospect, another historically promising site, will see initial drilling during this campaign, with further exploration plans underway. These multiple targets underscore the project's potential to reveal new gold resources within a tier-one mining jurisdiction.

Fully Funded and Strategically Positioned

Importantly, the Phase 2 drilling program is fully funded, allowing Albion to extend its exploration without immediate capital constraints. Pending assay results from approximately 780 metres of previously completed drilling across regional targets will provide additional data to refine future drilling plans.

Albion’s tight capital structure and focused exploration strategy position the company to leverage any discovery success effectively. CEO Peter Goh emphasised the significance of this campaign as a value unlock for investors, highlighting the high-quality nature of the Yandal West project and the multiple compelling targets being pursued.

Looking Ahead

As the drilling progresses, market participants will be keenly awaiting assay results and further updates on the evolving exploration model. The combination of historical data, geophysical anomalies, and new structural interpretations provides a robust framework for potential resource growth.