Proactive Investor: From discovery to development: Astral Resources shapes WA’s next long-life gold operation

Gold’s surge through record highs this year has energised Western Australia’s development pipeline, pushing projects with scale and near-term timelines into the spotlight. Capital is flowing again into the sector, but investors are choosier: they want mines with long life, clear pathways to funding decisions and compelling economics that work without relying on $5,000/oz gold.

Astral Resources NL (ASX:AAR) is positioning itself as one of the few emerging developers that tick all three boxes.

At its flagship Mandilla Gold Project — just south of Kalgoorlie in WA’s Kambalda region — Astral has completed a pre-feasibility study (PFS) outlining a multi-decade operation producing about 95,000 ounces per year for the first 12 years, dropping to stockpile processing thereafter for a total mine life of 18.5 years. The numbers come with payback period of about 12 months at conservative price assumptions and all-in sustaining costs of A$2,085/oz.

Mandilla forms the centre of a broader district-scale plan, supported by two satellite deposits — Spargoville to the west and Feysville to the north — that can feed a single processing hub. Together, the three assets give Astral the opportunity to sequence ore sources, extend mine life and add optionality in a way that single-deposit projects cannot.

Full article: https://www.proactiveinvestors.com.au/companies/news/1082203/from-discovery-to-development-astral-resources-shapes-wa-s-next-long-life-gold-operation-1082203.html