Stockhead Investor: WA gold developer Astral in rare class as resource tops 2Moz

Astral Resources has joined a rare class of WA gold developers, topping 2Moz of contained gold as a project update delivers a 22% increase and opens an underground mining option at the key Theia deposit.

Astral Resources (ASX:AAR) group MRE uplift to 62Mt at 1.1g/t for 2.07Moz firmly cements it as a significant emerging gold producer thanks to its growing Mandilla gold project, located 70km south of Kalgoorlie in WA.

“This update to the Mandilla mineral resource estimate is an important precursor to the detailed mine design work that is now underway to support the Mandilla DFS,” AAR managing director Marc Ducler said.

“Pleasingly, the MRE has also delivered a significant 22% increase (at Mandilla) in contained gold from 1.43Moz to 1.74Moz.”

Tabled at a gold price of just A$4500/oz, the Mandilla resource is also priced right to ride out volatility, with a definitive feasibility study in the works.

And the exploration success is real.

If reported on a like-for-like basis with the April 2025 MRE, which used a A$3500 gold price and 0.39g/t lower cut-off, Astral said the updated MRE at the flagship Theia deposit still increased by 15%.

Gold is holding around US$4820/oz or A$6700/oz and some analysts see it reaching US$6000/oz amid stock market gyrations and geopolitical tension.

Full article: https://stockhead.com.au/resources/wa-gold-developer-astral-in-rare-class-as-resource-tops-2moz/