20 October 2026
Arcadia acquisition completed as Yari builds Qld coal portfolio
Yari’s coal resources exceed 500Mt in world-class Bowen Basin
- Arcadia Coal Project acquisition completed for A$50,000 upfront cash plus 147,594,744 completion shares for total consideration of $714,000 or 0.25 cents per reported Arcadia resource tonne, materially growing assets while minimising use of shareholder funds;
- Completion establishes a combined 504.9Mt Queensland coal resource portfolio, comprising 197.7Mt Indicated and 307.2Mt Inferred Resources in world-class Bowen Basin;
- Resource growth materially outpaces equity dilution: total resources increase 126.5% and Indicated Resources increase 486.6%, lifting total resource tonnes per share by 28.8% and Indicated resource tonnes per share by 233.7% in value-accretive acquisition.
Yari’s Managing Director, Ms Courtney Taylor commented:
“Completion of Arcadia establishes Yari as the owner of a greater than 500Mt Queensland coal resource portfolio in the world-class Bowen Basin. Importantly, the growth in our resource base has materially outpaced the increase in shares on issue, lifting total resource tonnes per share by 28.8% and Indicated tonnes per share by 233.7%.
“We have achieved this transformation with relatively limited upfront capital, giving shareholders substantially greater exposure to Queensland coal resources as we advance Arcadia and Rolleston South, supporting our district-scale consolidation strategy.
“Yari’s focus now shifts to unlocking even more value for shareholders through resource growth, development studies and potential strategic opportunities, driven by solid long-term demand for both thermal and metallurgical coal and constrained supply.”
Expanded resource base and growth assessment
Completion of the Arcadia acquisition lifts Yari’s reported JORC Coal Resources to 504.9Mt, more than six times the 78.9Mt initially reported for the Company’s Rolleston South Project in May 2025. Indicated Resources have increased from 33.7Mt to 197.7Mt, with Arcadia contributing 164.0Mt Indicated.
The full ASX announcement is available online – Read the full ASX announcement here