Proactive Investor: Astral's Theia deposit shows major growth potential at depth

Astral Resources managing director Marc Ducler talked with Proactive about the company’s latest drilling success at the Theia gold deposit, part of its 100%-owned Mandilla Gold Project near Kalgoorlie in Western Australia, where new results continue to extend mineralisation at depth and strengthen the underground development case.

Ducler explained that Astral had long believed the Theia deposit remained open at depth, but earlier drilling was approached cautiously while the company assessed the economic viability of deeper mineralisation. Following a conceptual underground mining study completed earlier this year, the company gained confidence that mining could be economically viable using a one gram per tonne cut-off grade.

The latest drilling campaign is now testing the scale of the opportunity. Importantly, drilling continues to show the system remains open at depth. One hole has now reached 795 metres with visible gold still present near the bottom of the hole. Ducler said, “This thing has massive capacity to continue to grow.”