The 19-year-old joined the Magpies on loan from city neighbours Nottingham Forest over the summer and has impressed in black and white.
On Saturday, Yates bagged County's second goal in their 2-1 win over Barnet, leaving their opponents with too much work to do despite bagging a late goal.
"You have to put everything on the line to get the win and we're doing that at the minute, which is great," Yates told the official Notts site.
"I'm not looking at the league table because it doesn't mean anything at this stage.
"The gaffer wants us to just focus on ourselves. The initial aim was to get to safety and then build from there.
"I'm enjoying my time here. Learning every day from the likes of Shola Ameobi and Alan Smith is unbelievable.
"The boys have been fantastic with me. They know I'm young and raw so they give me tips on how to improve.
"Playing week in, week out is fantastic and I want to keep that going."
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