Wide Bedrock Gold Intersected Beneath 8500N Palaeochannel
Released
Released
Announcement PDF
ASX Announcement
ASX: AAR 8 SEPTEMBER 2025
WIDE BEDROCK GOLD INTERSECTED BENEATH THE 8500N
PALAEOCHANNEL DEPOSIT AT SPARGOVILLE
Broad gold intercepts including 26m at 2.0g/t, 20m at 1.37g/t, 10m at 1.43g/t and 10m at
1.14g/t, demonstrate a consistent core of gold mineralisation over a 300m strike length
HIGHLIGHTS
Spargoville Project
•
76-hole (11,744-metre) reverse circulation (RC) drill program completed at Spargoville Gold
Project, the first drill program undertaken by Astral since its acquisition of Maximus Resources
in May 2025.
•
Spargoville, which abuts Astral’s flagship Mandilla Project, south of Kalgoorlie, supports Astral’s
multi-project gold strategy.
•
A central zone of thick, high-grade bedrock mineralisation over 300m strike in felsic
volcaniclastic rocks below 8500N Palaeochannel mineralisation suggests potential to expand
the current Mineral Resource beyond the 0.5Mt at 1.3g/t Au for 19koz of contained gold 1
•
Drilling has also been undertaken along the Trapdoor-Lindsay’s Reward gold trend and Eagles
Nest Deposit, with assay results pending.
•
Assay results received for the first 23 holes (3,420 metres) with best results including:
8500N Deposit
•
18 metres at 0.80g/t Au from 73m, 11 metres at 1.19g/t Au from 95m and 26 metres at
2.00g/t Au from 111m in hole SGRC006;
•
20 metres at 1.37g/t Au from 43m and 13 metres at 1.24g/t Au from 111m in hole
SGRC004;
•
10 metres at 1.43g/t Au from 54m and 7 metres at 0.86g/t Au from 178m in hole
SGRC007;
•
10 metres at 1.42g/t Au from 77m in hole SGRC012;
•
9 metres at 0.98g/t Au from 77m and 12 metres at 0.67g/t Au from 112m in hole
SGRC005;
•
11 metres at 0.83g/t Au from 138m in hole SGRC002; and
•
3 metres at 2.32g/t Au from 105m in hole SGRC011;
Karramindie Prospect
1
•
1 metre at 8.66g/t Au from 50m in hole AMRC020;
•
9 metres at 0.91g/t Au from 60m in hole AMRC014;
- Spargoville JORC 2012 Mineral Resource Estimate: 0.1Mt at 1.1g/t Au for 4koz Indicated Mineral Resources and 0.3Mt at 1.4g/t Au for
15koz Inferred Mineral Resources at 8500N as part of the Wattle Dam Project MRE: 1.4Mt at 1.2g/t Au for 54koz Indicated Mineral
Resources and 0.8Mt at 1.5g/t Au for 37koz Inferred Mineral Resources (refer to Astral ASX announcement dated 7 May 2025)
Astral Resources
Suite 2, Lyall St, South Perth WA 6151
ACN 009 159 077
T +61 8 9382 8822
E info@astralresources.com.au
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•
8 metres at 0.87g/t Au from 35m in hole AMRC018;
•
7 metres at 0.86g/t Au from 91m in hole AMRC017; and
•
6 metres at 0.86g/t Au from 59m in hole AMRC021.
Mandilla Project
•
In-fill drilling is continuing at the cornerstone Theia Deposit, with the 99-hole/10,000-metre
program now 25% complete.
•
In addition to the Theia in-fill program, exploratory RC drilling is planned to bridge the current
known extents of mineralisation south of Theia and north of Iris.
•
Diamond drilling targeting high-grade shear-hosted gold mineralisation within and immediately
adjacent to the Theia Deposit remains on track to commence early in the December Quarter.
KOMIR Joint Venture
•
A 21-hole (2,500-metre) RC program has commenced on behalf of the joint venture with KOMIR
(KOMIR JV) to investigate lithium-pegmatite targets identified from a previously completed
geochemical survey across the tenure.
Astral Resources’ Managing Director Marc Ducler said:
“Since acquiring Maximus Resources in May, we are pleased to have completed Astral’s inaugural
drilling program at Spargoville comprising 76 holes for 11,744 metres.
“As a first pass program on a substantial portfolio of deposits and targets, these new assay results
provide real encouragement.
“It should be remembered that the Wattle Dam Gold Mine, which produced 266,000 ounces of gold at
10.6g/t, was approximately 10 metres wide by only 50 metres in strike length, indicating that very
valuable deposits can be found in this area with very small mineralisation signatures.
“This initial program was designed as an initial test of several targets identified from previous work.
“The results from the fresh rock drill tests at 8500N are very encouraging and highlight the potential to
add significantly to the existing shallow Mineral Resources currently estimated.
“Assay results are still pending for 53 holes for 8,324 metres at the Trapdoor – Lindsay’s Reward gold
trend and the Eagles Nest deposit, and following the positive news received so far, we are eagerly
awaiting these.
“With the gold-focused exploration program at Spargoville completed on 1 September, the RC rig
commenced a 21-hole/2,500-metre drill program focused on lithium-pegmatite targets identified from a
previously completed geochemical survey across the tenure encompassing the KOMIR JV.
“Meanwhile, at Mandilla, in-fill drilling at Theia is continuing with 25 holes for 2,732 metres completed,
approximately 25% of the 10,000-metre program, with assays pending.”
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Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results for a 23hole (3,420-metre) RC drill program, part of a broader 76-hole (11,744-metre) program, at the 100%owned Spargoville Gold Project (Spargoville), located approximately 70km south of Kalgoorlie in
Western Australia (Figure 1).
Drilling at Spargoville by Astral commenced in June 2025, targeting multiple high-priority areas including
the Karramindie and Trapdoor–Lindsays Reward prospects, as well as follow-up drilling at the Eagles
Nest and 8500N deposits.
Figure 1 – Map illustrating the location of the Mandilla, Spargoville and Feysville Gold Projects.
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SPARGOVILLE GOLD PROJECT
The Spargoville Gold Project is located in the Coolgardie Domain within the Kalgoorlie Terrane,
adjacent to Mandilla and approximately 25 km south-west of Kambalda and approximately 20km west
of Gold Fields Limited +20-million-ounce St Ives gold camp.
The greenstone stratigraphy of the Kalgoorlie Terrane can be divided into three main units:
1. Predominantly mafic to ultramafic units of the Kambalda Sequence, with these units including
the Lunnon Basalt, Kambalda Komatiite, Devon Consols Basalt, and Paringa Basalt;
2. Intermediate to felsic volcaniclastic sequences of the Kalgoorlie Sequence, represented by the
Black Flag Group; and
3. Siliciclastic packages of the late basin sequence known as the Merougil Beds.
The Paringa Basalt, or Upper Basalt, is less developed within the Coolgardie Domain, but similar mafic
volcanic rocks with comparable chemistry are found in the Wattle Dam area. Slices of the Kambalda
Sequence referred to as the Burbanks and Hampton Formations, are believed to represent thrust slices
within the Kalgoorlie Sequence.
Multiple deformational events have affected the Kalgoorlie Terrane, with at least five major regional
deformational events identified. Granitoid intrusions associated with syntectonic domains are found in
the Wattle Dam area, including the Depot Granite and the Widgiemooltha Dome.
Domed structures associated with granitoid emplacement are observed in the St Ives camp, with
deposition of the Merougil Beds and emplacement of porphyry intrusions occurring during extensional
deformation. Gold occurrences associated with the Zuleika and Spargoville shears are representative
of deposits that formed during sinistral transpression on north-west to north-north-west trending
structures.
The Spargoville Gold Project comprises several advanced gold prospects and deposits, including
Wattle Dam, Eagles Nest, Larkinville, Hilditch and 5B.
As of May 2025, the combined Mineral Resource Estimate (MRE) for Spargoville is 3Mt at 1.4g/t Au
for 139koz of contained gold 2.
The Wattle Dam Gold Project, which accounts for 2.1Mt at 1.3g/t Au for 91koz of the total MRE,
includes the Redback, Golden Orb, Trapdoor, Huntsman, Wattle Dam Stockwork, S5, and 8500N
deposits.
In June 2025, Astral announced the results of a Preliminary Feasibility Study for Mandilla (Mandilla
PFS) which – based on a standalone project comprising seven open pit mines (four from Mandilla and
three from Feysville) feeding a 2.75Mtpa processing facility, producing 95koz per year for the first 12
years, and incorporating a gold price of A$4,250/oz – has a Net Present Value (8% discount rate) of
$1.4 billion 3.
Having only been acquired just prior to completion of the Mandilla PFS, the Spargoville Gold Project
was not included as part of the Study.
2
- Spargoville JORC 2012 Mineral Resource Estimate: 1.9Mt at 1.3g/t Au for 81koz Indicated Mineral Resources and 1.1Mt at 1.6g/t Au for
58koz Inferred Mineral Resources. See ASX announcement 7 May 2025.
3 - Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)
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A map of Spargoville illustrating both the local area geology and gold deposits is set out in Figure 2.
Figure 2 – Map of Spargoville Gold Project identifying gold deposits on local area geology.
8500N RC DRILL RESULTS
The 8500N Deposit, which is located approximately 600 metres north of the historic Wattle Dam Gold
Mine, hosts an MRE of 0.5Mt at 1.3g/t Au for 19koz of contained gold1.
The deposit is hosted within north-south striking felsic volcaniclastics, flanked to the east and west by
ultramafic-mafic volcanic sequences. Gold mineralisation occurs within both the felsic and ultramafic
units, with an additional modelled paleochannel resource situated approximately 10 metres below
surface.
The recent drilling campaign, which consisted of 12 holes for 2,186 metres, targeted the primary
bedrock mineralisation beneath the shallow paleochannel and supergene profile. Drilling tested an 800-
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metre strike length across the 8500N deposit, aiming to improve geological confidence and assess the
continuity of primary mineralisation along strike to the north.
A map showing the drill-hole collar locations on local area geology is presented in Figure 3.
Figure 3 – Map of the 8500N Deposit illustrating drill collar locations of recent and historical drilling on local area
geology.
Best assay results include:
•
18 metres at 0.80g/t Au from 73m, 11 metres at 1.19g/t Au from 95m and 26 metres at 2.00g/t
Au from 111m in hole SGRC006;
•
20 metres at 1.37g/t Au from 43m and 13 metres at 1.24g/t Au from 111m in hole SGRC004;
•
10 metres at 1.43g/t Au from 54m and 7 metres at 0.86g/t Au from 178m in hole SGRC007;
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•
10 metres at 1.42g/t Au from 77m in hole SGRC012;
•
9 metres at 0.98g/t Au from 77m and 12 metres at 0.67g/t Au from 112m in hole SGRC005;
•
11 metres at 0.83g/t Au from 138m in hole SGRC002; and
•
3 metres at 2.32g/t Au from 105m in hole SGRC011;
Primary mineralisation at 8500N occurs along the eastern ultramafic-felsic volcaniclastic contact, with
a separate lode hosted entirely within the felsic volcaniclastic sequence. Where mineralisation is
present, gold is associated with minor quartz veining.
A cross-section illustrating drill-hole SGRC006 is set out in Figure 4 (see Figure 3 for section location).
Figure 4 – Cross-section through 8500N illustrating drill trace, assay results and geological interpretation (see Figure
3 for section location).
As illustrated, drilling has confirmed a thick, high-grade core of mineralisation within the felsic
volcaniclastics, centred around SGRC006. Additionally, mineralisation has been shown to continue
northwards along strike of the ultramafic–felsic volcaniclastic contact, as demonstrated by hole
SGRC012.
The drill program has the potential to significantly increase the Mineral Resources at the 8500N deposit.
Further infill and extensional drilling is currently being planned at the 8500N deposit.
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KARRAMINDIE RC DRILL RESULTS
The Karramindie Prospect is located adjacent to a north-south striking ultramafic-sediment contact on
the border of mining tenements M15/96 (Mandilla Gold Project) and M15/395 (Spargoville Gold Project).
Historical RC drilling beneath shallow costeans returned high-grade intercepts, including 4 metres at
7.10g/t Au from 52m. Despite the encouraging results, no follow-up drilling had been undertaken,
potentially doe to the Prospect’s location.
With the adjacent tenements now under Astral’s ownership, this presented the opportunity to undertake
a follow-up drill program to assess the continuity of mineralisation across the tenement boundary.
A total of 11 RC holes for 1,234 metres were drilled along a strike length of approximately 350 metres.
Seven holes were drilled with the primary aim being to test beneath historical drill-holes to better
understand the geometry and style of mineralisation.
Four holes were drilled along strike to the north to evaluate the potential for mineralised extensions.
A map showing the drill-hole collar locations on local area geology is presented in Figure 5.
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Figure 5 – Map of the Karramindie Prospect illustrating drill collar locations of recent and historical drilling on local
area geology.
Best assay results include:
•
1 metre at 8.66g/t Au from 50m in hole AMRC020;
•
9 metres at 0.91g/t Au from 60m in hole AMRC014;
•
8 metres at 0.87g/t Au from 35m in hole AMRC018;
•
7 metres at 0.86g/t Au from 91m in hole AMRC017; and
•
6 metres at 0.86g/t Au from 59m in hole AMRC021.
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Gold mineralisation is hosted within quartz veins that are sub-parallel with sediment stratigraphy,
dipping 60° towards 270°. Mineralisation is reasonably consistent along strike, interpreted as
structurally controlled within the same mineralising corridor as Astral’s Hestia Deposit.
Further assessment of Karramindie will be made once all assays are received from the broader
Spargoville programme.
EXPLORATION UPDATE
RC drilling has commenced as part of a 21-hole (2,500-metre) lithium exploration program on behalf of
the KOMIR JV.
At Theia, a second RC rig is continuing a program of in-fill drilling, with a 99-hole (10,000-metre) drill
currently underway.
The program is designed to achieve a 12-metre by 12-metre drill spacing over an 80-metre by 120metre area, drilling to a maximum hole depth of 150 metres within a portion of the Stage 1 pit as
proposed in the recently completed PFS.
This close-spaced pattern was chosen to mimic a potential grade control pattern and provide similar
data density to allow grade modelling simulation exercises that can assist future mine planning work.
To date, 25 of the 99 holes have been completed. Assay results are pending.
Following completion of the RC programmes at Mandilla and Spargoville, the RC rig will return to
Feysville to complete a 17-hole (3,000-metre) program at Kamperman and a 30-hole (4,000-metre)
regional program.
A diamond drill rig is also planned to commence a 3,000-metre program targeting high-grade structures
within the Theia deposit.
This program is expected to commence early in the December Quarter, 2025.
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CONSOLIDATED MINERAL RESOURCE & ORE RESERVE ESTIMATES
Group Ore Reserve Estimates
The Group’s consolidated JORC 2012 Ore Reserve Estimate as at the date of this report is detailed in
Table 1 below.
Table 1 – Group Ore Reserves
Probable
Project
Total Ore Reserve
Tonnes
Grade
Metal
Tonnes
Grade
Metal
(Mt)
(Au g/t)
(oz Au)
(Mt)
(Au g/t)
(oz Au)
Mandilla 4
34.3
0.9
1,000,000
34.3
0.9
1,000,000
Feysville4
2.3
1.2
88,000
2.3
1.2
88,000
Total
36.6
0.9
1,082,000
36.6
0.9
1,082,000
Ore Reserves are a subset of Mineral Resources.
Ore Reserves are estimated using a gold price of AUD $3,000 per ounce.
The preceding statement of Ore Reserves conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves (JORC Code) 2012 Edition. All tonnages reported are dry metric tonnes. Minor discrepancies may occur due to rounding to
appropriate significant figures.
The Ore Reserves for Mandilla are reported at a cut-off grade of 0.30 g/t Au lower cut-off and Feysville are reported at a cut-off grade of
0.40 g/t Au lower cut-off.
Group Mineral Resource Estimates
The Group’s consolidated JORC 2012 Mineral Resource Estimate as at the date of this report is detailed
in Table 2 below.
Table 2 – Group Mineral Resources
Indicated
Project
Mandilla
Metal
Tonnes
Grade
Metal
Tonnes
Grade
Metal
(Mt)
(Au g/t)
(oz Au)
(Mt)
(Au g/t)
(oz Au)
(Mt)
(Au g/t)
(oz Au)
31
1.1
1,034,000
11
1.1
392,000
42
1.1
1,426,000
4
1.3
144,000
1
1.1
53,000
5
1.2
196,000
2
1.3
81,000
1
1.6
58,000
3
1.4
139,000
36
1.1
1,259,000
14
1.2
502,000
50
1.1
1,761,000
6
Spargoville
Total Mineral Resource
Grade
5
Feysville
Inferred
Tonnes
7
Total
The preceding statement of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves (JORC Code) 2012 Edition. All tonnages reported are dry metric tonnes. Minor discrepancies may occur due to rounding
to appropriate significant figures
The Mineral Resources for Mandilla, Feysville and Spargoville are reported at a cut-off grade of 0.39 g/t Au lower cut-off and is constrained
within pit shells derived using a gold price of AUD $3,500 per ounce for Mandilla and Spargoville and AUD$2,500 per ounce for Feysville.
4
5
- Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)
- Mandilla JORC 2012 Mineral Resource Estimate: 31Mt at 1.1g/t Au for 1,034koz Indicated Mineral Resources and 11Mt at 1.1g/t Au for
392koz Inferred mineral Resources (refer to Astral ASX announcement dated 3 April 2025)
6
- Feysville JORC 2012 Mineral Resource Estimate: 4Mt at 1.3g/t Au for 144koz Indicated Mineral Resources and 1Mt at 1.1g/t Au for
7
- Spargoville JORC 2012 Mineral Resource Estimate: 2Mt at 1.3g/t Au for 81koz Indicated Mineral Resources and 1Mt at 1.6g/t Au for
53koz Inferred Mineral Resources (refer to Astral ASX announcement dated 1 November 2024).
58koz Inferred Mineral Resources (refer to Astral ASX announcement dated 7 May 2025).
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APPROVED FOR RELEASE
This announcement has been authorised for release by the Managing Director.
For further information:
Investors
Marc Ducler
Managing Director
Astral Resources
+61 8 9382 8822
astralresources.com.au
Media
Nicholas Read
Read Corporate
+61 419 929 046
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Competent Person’s Statements
Mandilla
The information in this announcement that relates to exploration targets and exploration results for the Mandilla
Gold Project is based on, and fairly represents, information and supporting documentation compiled by Ms Julie
Reid, who is a full‐time employee of Astral Resources NL. Ms Reid is a Competent Person and a Member of The
Australasian Institute of Mining and Metallurgy. Ms Reid has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a
Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Ms Reid consents to the inclusion in this report of the material based on
this information, in the form and context in which it appears.
The information in this announcement that relates to the Ore Reserves for the Mandilla Gold Project were
announced in the Company’s ASX announcement dated 25 June 2025 titled “Mandilla Project Pre-Feasibility
Study – Maiden Ore Reserve". The Company confirms that it is not aware of any new information or data that
materially affects the information included in the ASX announcement dated 25 June 2025 and all material
assumptions and technical parameters underpinning the estimates in the relevant market announcement continue
to apply and have not materially changed. The Company confirms the form and context in which Competent
Persons’ findings are presented have not materially changed from previous market announcements. The reports
are available to view on the ASX website and on the Company’s website at www.astralresources.com.au.
The information in this announcement that relates to the Mineral Resources for the Mandilla Gold Project reported
in this announcement were announced in the Company’s ASX announcement dated 3 April 2025 titled "Group
Mineral Resource Increases to 1.62 million ounces with Indicated Resources at the Mandilla Gold Project
Exceeding One Million Ounces". The Company confirms that it is not aware of any new information or data that
materially affects the information included in the ASX announcement dated 3 April 2025 and all material
assumptions and technical parameters underpinning the estimates in the relevant market announcement continue
to apply and have not materially changed. The Company confirms the form and context in which Competent
Persons’ findings are presented have not materially changed from previous market announcements. The reports
are available to view on the ASX website and on the Company’s website at www.astralresources.com.au.
The information in this announcement that relates to metallurgical test work for the Mandilla Gold Project reported
in this announcement were announced in the Company’s ASX announcements dated 28 January 2021, 6 June
2022, 17 September 2024 and 5 March 2025. The Company confirms that it is not aware of any new information
or data that materially affects the information included in the ASX announcements dated 28 January 2021, 6 June
2022, 17 September 2024 and 5 March 2025 and all material assumptions and technical parameters in the
relevant market announcement continue to apply and have not materially changed. The Company confirms the
form and context in which Competent Persons’ findings are presented have not materially changed from previous
market announcements. The reports are available to view on the ASX website and on the Company’s website at
www.astralresources.com.au.
Feysville
The information in this announcement that relates to exploration targets and exploration results for the Feysville
Gold Project is based on, and fairly represents, information and supporting documentation compiled by Ms Julie
Reid, who is a full‐time employee of Astral Resources NL. Ms Reid is a Competent Person and a Member of The
Australasian Institute of Mining and Metallurgy. Ms Reid has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a
Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Ms Reid consents to the inclusion in this report of the material based on
this information, in the form and context in which it appears.
The information in this announcement that relates to the Ore Reserves for the Feysville Gold Project were
announced in the Company’s ASX announcement dated 25 June 2025 titled “Mandilla Project Pre-Feasibility
Study – Maiden Ore Reserve". The Company confirms that it is not aware of any new information or data that
materially affects the information included in the ASX announcement dated 25 June 2025 and all material
assumptions and technical parameters underpinning the estimates in the relevant market announcement continue
to apply and have not materially changed. The Company confirms the form and context in which Competent
Persons’ findings are presented have not materially changed from previous market announcements. The reports
are available to view on the ASX website and on the Company’s website at www.astralresources.com.au.
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The information in this announcement that relates to the Mineral Resources for the Feysville Gold Project reported
in this announcement were announced in the Company’s ASX announcement dated 1 November 2024 titled
"Astral's Group Gold Mineral Resource Increases to 1.46Moz with Updated Feysville MRE". The Company
confirms that it is not aware of any new information or data that materially affects the information included in the
ASX announcement dated 1 November 2024 and all material assumptions and technical parameters underpinning
the estimates in the relevant market announcement continue to apply and have not materially changed. The
Company confirms the form and context in which Competent Persons’ findings are presented have not materially
changed from previous market announcements. The reports are available to view on the ASX website and on the
Company’s website at www.astralresources.com.au.
The information in this announcement that relates to metallurgical test work for the Feysville Gold Project reported
in this announcement were announced in the Company’s ASX announcement dated 22 May 2025. The Company
confirms that it is not aware of any new information or data that materially affects the information included in the
ASX announcement dated 22 May 2025 and all material assumptions and technical parameters in the relevant
market announcement continue to apply and have not materially changed. The Company confirms the form and
context in which Competent Persons’ findings are presented have not materially changed from previous market
announcements. The reports are available to view on the ASX website and on the Company’s website at
www.astralresources.com.au.
Spargoville
The information in this announcement that relates to exploration targets and exploration results for the Spargoville
Gold Project is based on, and fairly represents, information and supporting documentation compiled by Ms Julie
Reid, who is a full‐time employee of Astral Resources NL. Ms Reid is a Competent Person and a Member of The
Australasian Institute of Mining and Metallurgy. Ms Reid has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a
Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Ms Reid consents to the inclusion in this report of the material based on
this information, in the form and context in which it appears.
The information in this announcement that relates to the Mineral Resources for the Spargoville Gold Project were
announced in the Company’s ASX announcement dated 7 May 2025 titled "Astral's Group Gold Mineral Resource
Increases to 1.76Moz with the inclusion of Spargoville Gold Project". The Company confirms that it is not aware
of any new information or data that materially affects the information included in the ASX announcement dated 7
May 2025 and all material assumptions and technical parameters underpinning the estimates in the relevant
market announcement continue to apply and have not materially changed. The Company confirms the form and
context in which Competent Persons’ findings are presented have not materially changed from previous market
announcements. The reports are available to view on the ASX website and on the Company’s website at
www.astralresources.com.au.
Previously Reported Results
Exploration Results
The information in this announcement that relates to Exploration Results is extracted from the ASX
Announcements (Original Announcements), which have been previously announced on the Company’s ASX
Announcements Platform and the Company’s website at www.astralresources.com.au. The Company confirms
that it is not aware of any new information or data that materially affects the information included in the Original
Announcements and that all material assumptions and technical parameters underpinning the estimates in the
Original Announcements continue to apply and have not materially changed. The Company confirms that the form
and context in which the Competent Persons’ findings are presented have not been materially modified from the
original announcement.
Pre-Feasibility Study
The information in this announcement that relates to the production target for the Mandilla Gold Project was
reported by Astral in accordance with ASX Listing Rules and the JORC Code (2012 edition) in the announcement
“Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve" released to the ASX on 25 June 2025. A copy of
that announcement is available at www.asx.com.au. Astral confirms it is not aware of any new information or data
that materially affects the information included in that market announcement and that all material assumptions
and technical parameters underpinning the production target, and the related forecast financial information
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derived from the production target in that market announcement continue to apply and have not materially
changed. Astral confirms that the form and context in which the Competent Person's findings are presented have
not been materially modified from that market announcement.
Forward Looking Statements
This announcement may contain certain “forward looking statements” which may not have been based solely on
historical facts but rather may be based on the Company’s current expectations about future events and results.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation
or belief is expressed in good faith and believed to have a reasonable basis.
However, forward looking statements are subject to risks, uncertainties, assumptions, and other factors which
could cause actual results to differ materially from future results expressed, projected or implied by such forward
looking statements. Such risks include, but are not limited to exploration risk, resource risk, metal price volatility,
currency fluctuations, increased production costs and variances in ore grade or recovery rates from
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