Proactive Investor: Astral Resources advances Mandilla drilling and DFS in December quarter as cash swells to $76m
Astral Resources NL (ASX:AAR) has wrapped up a busy December quarter marked by intensive drilling at its flagship Mandilla Gold Project in Western Australia, steady progress towards a definitive feasibility study and a sharply strengthened balance sheet following a $65 million capital raising.
The gold-focused explorer completed more than 13,000 metres of drilling across Mandilla during the quarter, while also advancing permitting and development milestones at its nearby Feysville project and continuing exploration at Spargoville. By quarter-end, Astral reported cash of approximately $76 million, up from $15.9 million at the end of September.
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