Yandal

Overview

Gateway Mining Limited (ASX: GML) is an emerging Western Australian gold explorer focused on unlocking the full potential of its flagship Yandal Gold Project, situated within the world-class Yandal Greenstone Belt, one of Australia’s most prolific gold-producing regions. The Yandal Gold Project hosts a JORC 2012-compliant MRE of 8.17 Mt @ 1.52 g/t Au for 400,400 ounces, encompassing two key mineralised centres, the Horse Well Gold Camp (HWGC) and Dusk ’til Dawn.

The Yandal Project spans approximately 1,780 km² on the eastern flank of the Yandal Greenstone Belt, 50km northeast of Northern Star Resources Jundee Mill, within the northeastern Yilgarn Craton.

While the Greenstone Belt extends over ~75 km in strike across the region, less than 6 km of that strike has been subject to modern, state-of-the-art exploration methods, indicating a large portion remains underexplored.

Yandal Gold Project Map
Mineral Resources

The Yandal Gold Project contains a JORC 2012 Inferred Resource of 8.17Mt @ 1.52g/t Au for 400,400 oz Au (MRE).

Currently the Mineral Resources within the project are as follows:

Prospect

Tonnes (t)

Au (g/t)

Au (oz)

Cut-off

Palomino Pit

1,963,000

1.84

116,000

0.5

Palomino UG

155,000

2.69

13,500

2.0

Palomino SubTotal

2,118,000

1.90

129,500

-

Warmblood

1,656,000

2.37

126,000

0.5

Filly

581,000

1.15

21,500

0.5

Bronco

324,000

1.38

14,500

0.5

HWGC Subtotal

4,679,000

1.94

291,500

-

Dusk 'til Dawn

3,495,600

1.00

108,900

0.5

Yandal Project Total

8,174,600

1.52

400,400

 

Table Notes:

  • Mineral Resources are based on JORC Code Definitions as defined by the Australasian Code for Reporting Results, Mineral Resources and Ore Reserves.
  • All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding.
  • The Mineral Resource Estimate has been estimated using appropriate high-grade cuts, minimum mining widths and dilutions. 
  • Tonnes rounded to the nearest 1,000t, ounces rounded to the nearest 500oz.
  • Refer to ASX announcement dated 2 July 2025 titled “Acquisition of Yandal Gold Project from Strickland Metals Ltd” for further details regarding the MRE.

The HWGC represents a large-scale, orogenic gold system, interpreted to comprise a network of interconnected mineralised structures extending over a strike length of approximately 4 km. Drilling and geophysical interpretation have confirmed multiple mineralised trends, underscoring the potential for additional discoveries and resource growth within this underexplored portion of the Yandal Belt.

Figure 2: Generalised Bedrock geology of the Yandal East Project.

Drilling by Strickland in 2024 at the Horse Well Gold Camp delineated extensions to mineralisation both along strike and at depth, with significant results returned from the Warmblood, Palomino, Bronco and Marwari Gold Deposits.

Future drilling will focus on depth extensions at the Warmblood and Palomino deposits, where Mineral Resources and subsequent pit optimisations are limited by drilling depth and extent, with high-grade mineralisation present at the bottom of the pit shell and remaining completely open at depth and down plunge. Additional drilling will also be conducted along the 1.6km-long Marwari Trend, with a view of adding to the high-grade ounces at the Marwari and Filly North prospects.  The 3 km Bronco-Konik Trend and the 1.6 km-long Marwari trend.

Currently the Mineral Resources within the project are as follows:

Prospect

Tonnes (t)

Au (g/t)

Au (oz)

Cut-off

Palomino Pit

1,963,000

1.84

116,000

0.5

Palomino UG

155,000

2.69

13,500

2.0

Palomino SubTotal

2,118,000

1.90

129,500

-

Warmblood

1,656,000

2.37

126,000

0.5

Filly

581,000

1.15

21,500

0.5

Bronco

324,000

1.38

14,500

0.5

HWGC Subtotal

4,679,000

1.94

291,500

-

Dusk 'til Dawn

3,495,600

1.00

108,900

0.5

Yandal Project Total

8,174,600

1.52

400,400

 

Table Notes:

  • Mineral Resources are based on JORC Code Definitions as defined by the Australasian Code for Reporting Results, Mineral Resources and Ore Reserves.
  • All figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding.
  • The Mineral Resource Estimate has been estimated using appropriate high-grade cuts, minimum mining widths and dilutions. 
  • Tonnes rounded to the nearest 1,000t, ounces rounded to the nearest 500oz.
  • Refer to ASX announcement dated 2 July 2025 titled “Acquisition of Yandal Gold Project from Strickland Metals Ltd” for further details regarding the MRE.

The HWGC represents a large-scale, orogenic gold system, interpreted to comprise a network of interconnected mineralised structures extending over a strike length of approximately 4 km. Drilling and geophysical interpretation have confirmed multiple mineralised trends, underscoring the potential for additional discoveries and resource growth within this underexplored portion of the Yandal Belt.

Figure 2: Generalised Bedrock geology of the Yandal East Project.

Drilling by Strickland in 2024 at the Horse Well Gold Camp delineated extensions to mineralisation both along strike and at depth, with significant results returned from the Warmblood, Palomino, Bronco and Marwari Gold Deposits.

Future drilling will focus on depth extensions at the Warmblood and Palomino deposits, where Mineral Resources and subsequent pit optimisations are limited by drilling depth and extent, with high-grade mineralisation present at the bottom of the pit shell and remaining completely open at depth and down plunge. Additional drilling will also be conducted along the 1.6km-long Marwari Trend, with a view of adding to the high-grade ounces at the Marwari and Filly North prospects.  The 3 km Bronco-Konik Trend and the 1.6 km-long Marwari trend.

Exploration Prospects

Great Western

Interpretation of the recently acquired high-resolution gravity and magnetic datasets has identified a major regional structure, termed the Great Western Splay, extending for approximately 25 kilometres in a northwest orientation from the Horse Well Gold Camp. 

The shear flexures around the western margin of a major intrusion, defining another significant structural corridor with the potential to host large-scale, shear-hosted gold systems analogous to those already delineated within the Yandal Project area.

First-pass surface geochemical program conducted by GML returned outstanding results, with lag samples assaying up to 24.4 g/t Au, 3.1 g/t Au, 1.9 g/t Au, and 1.5 g/t Au, and soil sampling delineating an 11.5-kilometre primary shear structure that extends both north and south beyond the current grid limits.

Initial geological ground mapping across these anomalous areas indicates that the terrain is highly altered and structurally complex, with multiple shear splays and cross-cutting fault zones characteristics consistent with a large-scale, gold-bearing system. Several additional +100 ppb Au lag anomalies (coincident with +5 ppb Au in soils) were identified in the south-eastern corner of the sampling grid, marking further extensions of the mineralised trend.

This anomalism occurs in a prime structural position on the keel of the Great Western Intrusion, where it is crosscut by major northeast-trending faults, providing ideal conditions for the development of high-grade, structurally hosted gold mineralisation. 

Collectively, these results highlight the Great Western Shear Zone as one of the most compelling underexplored corridors within GML’s Yandal Project, with clear potential to host a large-scale gold system analogous to HWGC.

Mustang-Pony Trend

Geophysical data interpretation shows that the Mustang Shear converges with the Celia Shear Zone at the Pony Target to form a larger, combined shear corridor that exhibits a high structural complexity. This complexity is further enhanced by the flexure and kinking of the combined shear corridor around three discrete intrusions - termed Pony, Haflinger, and Colt - and crosscut by a series of northeast-trending structures.

The Mustang Shear Zone extends over a minimum strike length of approximately 22 kilometres, before converging with the Celia Shear Zone in the vicinity of the Pony Prospect. Historical drilling across this area was conducted by Eagle Mining during the mid-1990s, comprising predominantly shallow, vertical, wide-spaced (200m x 200m) RAB and aircore drilling. This early exploration work largely failed to penetrate the transported cover and therefore did not effectively test the underlying primary mineralised structures now interpreted along the Mustang corridor. The combination of extensive strike potential and limited historical testing highlights the significant opportunity for first-pass modern exploration to uncover concealed mineralisation along this underexplored structural trend.

The gold anomalism observed along the Mustang–Celia corridor represents a significant opportunity for GML to delineate shallow, high-value ounces that could meaningfully enhance the Horse Well resource inventory at a relatively low discovery cost.

Dusk ‘til Dawn IRG Targets

The Dusk ’til Dawn Gold Camp was long been recognised as an area of strategic interest, owing to the 108,900 oz Au JORC (2012) Mineral Resource at the Dusk ’til Dawn deposit and the extensive historic aircore drilling that has delineated multiple zones of significant gold anomalism.

Exploration to date has identified two prominent bottom-of-hole (>0.1 g/t Au) gold trends, extending over a combined strike length of approximately 7.5 kilometres. These trends have only been tested by wide-spaced, shallow aircore drilling, leaving substantial scope for resource growth and discovery at depth. The underexplored nature of these mineralised corridors highlights the broader scale potential of the Dusk ’til Dawn Camp within GML’s expanded Yandal portfolio.

The GML exploration team undertook a detailed re-logging program of bottom-of-hole aircore chips across both gold trends at Dusk ’til Dawn, identifying laterally extensive propylitic alteration. This alteration style is characteristic of the peripheral assemblage surrounding large intrusion-related gold (IRG) systems, suggesting that the mineralisation at Dusk ’til Dawn is linked to a broader, intrusion-driven hydrothermal system.

The alteration zones are spatially associated with distinct geochemical zonation patterns, featuring an inner core of Au–Mo–Cu–Bi–Te anomalism, which grades outward into Ag–Sb–Pb–Zn–As enrichment. This zonation pattern is consistent with the halo effect commonly observed in IRG systems and provides strong vectoring evidence toward a concealed mineralised centre.

Complementing this geochemical and alteration analysis, gravity inversion modelling was completed to delineate potential intrusive bodies at depth. The modelling results were highly encouraging, revealing that both the Au–Mo–Cu–Bi–Te assemblage and the propylitic alteration corridors are underlain by deep-seated low-gravity features, interpreted to represent deep sanukitoid intrusives forming the core of the hydrothermal system. These interpreted intrusives are believed to have driven both the alteration and the coincident gold anomalism identified at surface.

Importantly, these targets remain untested by drilling, and the peak geochemical and alteration responses from historic shallow aircore drilling coincide with the surface projection of the modelled gravity lows, making them high-priority drill targets for the next phase of exploration.

Targeted Ongoing Exploration Programs

IP Survey Results

GML recently released the results of Induced Polarisation (IP) surveys conducted across the Pony–Mustang and Dusk ’til Dawn prospects. The objective of these surveys was to delineate zones of alteration, disseminated sulphide mineralisation, and key structural corridors situated adjacent to the major intrusive bodies within the Yandal Project area. These features are regarded as critical components of large-scale Archaean orogenic gold systems, analogous to those observed elsewhere within the Eastern Goldfields Terrain. From the results, 4 key anomalous areas were identified:

  • Dusk ‘til Dawn North (Comanche Prospect)
  • Dusk til Dawn West
  • Dusk til Dawn East
  • Haflinger Target

AC Drilling

GML recently commenced a 44,000m aircore drilling program designed to test an 8-kilometre strike length along the Mustang Shear Zone and Pony Target. The program is aimed at identifying key mineralised structures within the shear corridor and accurately delineating the mafic–intermediate contact, which represents a primary control on gold mineralisation across the broader Yandal Project. Early results from this program are expected to provide valuable vectoring data for follow-up RC and diamond drilling.

Diamond Drilling

GML has commenced a 4,600 metre diamond drilling program, testing several key geophysical and geochemical targets across the north Yandal Project. The diamond rig is planned to move between GML’s three key target areas (Dusk ‘til Dawn, Mustang-Pony and Great Western) over the remainder of the 2025 calendar year. The first hole to be drilled is at the Comanche prospect, which sits right at the most northern portion of the Dusk ‘til Dawn target area. The rig will potentially drill another two targets at Dusk ‘til Dawn before temporarily moving the test the Haflinger target, depending on logistical scheduling with the aircore rig.