Yari Minerals Ltd. is rebranding as Yari Resources Ltd. to reflect its exclusive focus on developing Queensland coal assets.
To spearhead this new direction, the company has appointed experienced mining executive and geologist Courtney Taylor as Managing Director, effective June 9.
Taylor brings over 17 years of experience in coal geology and resource development across the Bowen Basin, having previously held senior roles at BHP Technology, Anglo American, and Vale.
Taylor is currently executing a comprehensive review of all technical data across the company’s primary assets in the Rolleston region of the Bowen Basin.
As part of a disciplined capital management strategy, she is also reviewing non-core assets, including the company’s Pilbara lithium portfolio, to ensure cash reserves are channelled into its primary coal objectives.
“The name change to Yari Resources reflects where we’re headed as a company, which is to unlock a district-scale resource in the world’s leading coal province,” Taylor said.
“My immediate focus is on getting deep into the technical data across our Rolleston region assets so we can build a strong, well-informed plan to advance the project.
“We have a quality resource in a quality location — and I want to make sure every decision we make from here is grounded in solid technical work as we build a resource base to support a long-life, multi-deposit mining operation.”
The recently renamed Yari Resources has clear and focused direction as a Queensland coal resource development company, with its primary assets located in the Bowen Basin’s Rolleston region.
The board believes the new name better represents the company’s commitment to advancing its coal assets and delivering value for shareholders.
The announcement coincides with the successful completion of a drilling program at the Rolleston South Coal Project.
Yari confirmed that rehabilitation has been finalised across all six drill sites. The campaign completed four drill holes, intercepting shallow coal from a depth of 48.93 metres.
Following these positive near-surface results, the board elected to halt the remaining two planned holes, concluding that the data gathered provides sufficient confidence to de-risk the project while preserving capital for the broader technical review.
Located near established rail and export infrastructure, Rolleston South has the potential to produce export-quality thermal coal, with further upside for semi-soft metallurgical applications.
