The transaction will result in a newly formed Talon board made up of ten directors.
This approval allows the company to construct and run the high-grade WUG.
The company was acquired from Barrick Mining in November 2025.
The drilling programme included 50 mud rotary holes totalling around 53,460ft (roughly 16,300m).
The Yidby gold project sits on the southern end of the Yalgoo-Singleton greenstone belt within the Murchison Domain.