Gateway Mining Limited announced on 19 August 2025 the completion of its acquisition of the Yandal Gold Project from Strickland Metals Ltd. The deal secured a high‑quality, JORC‑compliant gold resource estimated at 8.17 million tonnes grading 1.52 g/t, amounting to approximately 400,400 ounces of gold. The acquisition, valued at $45 million in Gateway Mining Limited shares, will see Strickland Metals distribute 80% of those shares to its shareholders while retaining around 15.7% post‑transaction. The Yandal Gold Project, covering 1,780 square kilometres on the eastern flank of Western Australia’s Yandal Greenstone Belt, is set to play a pivotal role in Gateway Mining Limited’s expanding asset portfolio. The project not only brings a significant resource into the company’s holdings but also offers compelling exploration potential. The initial work will focus on advancing the mining licence for the Horse Well resource, which represents 291,500 ounces of the total gold inventory. In addition, the company has identified promising gold targets at the Dusk ‘til Dawn area—an exploration target with an inferred resource of 108,900 ounces—with a four‑hole diamond drilling program scheduled for late 2025 or early 2026. Gateway Mining Limited’s strategy includes detailed mapping, sampling, and re‑analysis of historical drilling results across the Yandal Project. The goal is to build a comprehensive geological model that will underpin further exploration and potential resource expansion, while utilizing regional toll processing options to support early mining operations. The integration of the Yandal asset with Gateway Mining Limited’s existing Sandstone projects positions the company to capitalize on new exploration opportunities within the largely underexplored eastern segment of the Yandal Greenstone Belt. Bullish sentiment arises from the acquisition of a substantial, underexplored gold resource and the strategic integration with a broader portfolio of WA gold assets. The technical indicators, including a significant inferred gold resource and clear exploration targets at Horse Well and Dusk ‘til Dawn, add to the potential upside, particularly as the company plans near‑term drilling programs to unlock further value. Bearish sentiment may be found in the inherent exploration risks associated with early‑stage projects and the reliance on forward‑looking statements that carry uncertainty. The dependence on ongoing exploration success, regulatory approvals for mining licences, and the eventual conversion process of the convertible preference shares could introduce dilution risks and timing delays, which may temper investor enthusiasm until further drilling results are confirmed. Overall, Gateway Mining Limited’s acquisition of the Yandal Gold Project stands as a pivotal move, blending significant resource potential with strategic exploration targets, and setting the stage for future growth in the competitive WA gold sector.