Proactive Investor: Astral Resources secures development partner for early production at Think Big gold project
Astral Resources NL (ASX:AAR) has locked in a specialist mining services partner to fast-track early production from its Think Big gold deposit, part of the 100%-owned Feysville Gold Project near Kalgoorlie in Western Australia.
The company has signed a Letter of Intent (LOI) with Mineral Mining Services Pty Ltd (MMS) to form a fully funded development joint venture over the deposit — a move that provides Astral with a clear, low-risk pathway to near-term gold production and early cash flow.
Under the proposed structure, MMS will fund 100% of development costs at Think Big, recovering its investment from initial project revenues. Once costs are repaid, profits will be shared between the two companies, with MMS to receive 30–50% of project profits, depending on final terms.
The agreement includes a binding 90-day exclusivity period to allow both parties to negotiate and execute definitive joint venture documents.
0
likes
•
0
questions
•
0
company answers
Ask a question
Your question will be sent privately to Astral Resources NL. The company may choose to make this question public.
Investor Q&As
Start the conversation
Ask Astral Resources NL a question about this update.