Youlden clouted the wall at Reid Park during Practice 2, causing extensive damage to the front and rear of the #9 Holden ZB Commodore chassis.
The co-driver who won the Great Race with Reynolds in 2017 emerged from the crash unscathed and was checked over at the circuit medical centre following the 20G-plus impact.
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Despite the damage, the team is confident it can repair the car on site and has all the components at its disposal to complete the job.
It is a task that is likely not to be completed until tomorrow afternoon with the squad to replace sections of the chassis and straighten rails in both the front and rear of the car.
“It's extensive damage but it's nothing we can't fix,” said Penrite Racing CEO Barry Ryan.
“(We're) cutting tubes, replacing tubes, straightening rails, replacing lots of parts.
“The target now is just to get out for qualifying.
“We know the car is fast, it doesn't matter who's driving it.
“As long as Dave gets out and qualifies it on the front row and Luke has two half-hour sessions Saturday, we'll go racing, it's as simple as that.
“The car is fast, qualifying is where we need to be, the rest doesn't matter.
“Two one-hour sessions tomorrow don't mean nothing because the car is fast.
“The rear is the same. Roll-bars, roll-tubes at the rear as well, but it'll be alright.
“I think the worst parts are actually OK, the things that can put you out for the weekend are OK.
“But we're still assessing it. At the moment it looks like it'll be right. 24 hours I reckon.”
The Bathurst 1000 continues today with Practice 3, scheduled for 1600 local time/AEDT.