Western Yilgarn NL (ASX: $WYX) Placement Completion Announcement

Western Yilgarn NL (ASX: $WYX) has successfully completed a $1.15 million placement at $0.08 per share, with one free attaching option for every two shares subscribed for. The placement proceeds will be utilized to advance exploration at the Company's flagship assets at the Ida Holmes Junction and the Julimar West Projects in Western Australia.

Executive Commentary on Placement Completion

Western Yilgarn's Chairman, Peter Lewis, expressed his delight at the strong support received for the Company and its exploration strategy at the Ida Holmes Junction and Julimar West Projects. He thanked all investors who participated in the Placement and welcomed the new shareholders who have joined the registry. The raised funds will be instrumental in advancing exploration at the Ida Holmes Junction Project and commencing work at the Julimar West Project, unlocking their potential.

Summary of Western Yilgarn's Placement Completion

The completion of the $1.15 million placement at $0.08 per share with free attaching options for sophisticated and professional investors demonstrates strong support for Western Yilgarn's exploration strategy. The funds raised will be used to advance exploration at the Ida Holmes Junction and Julimar West Projects in Western Australia. The Ida Holmes Junction Project will undergo auger geochemistry, airborne EM survey, and reverse circulation drilling, while the Julimar West Project will conduct an airborne EM survey to test for extensions and repetition of the Gonneville style of mineralisation discovered by Chalice Mining. The Company's forward-looking statements emphasize the planned exploration programs and acknowledge the associated risks and uncertainties. The successful completion of the placement reflects investor confidence in Western Yilgarn's projects and its commitment to unlocking their potential.