Theia Infill Drilling - Broad Zones of High-Grade Gold
Released
Released
Announcement PDF
ASX Announcement
ASX: AAR 15 OCTOBER 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 astralresources.com.au | ASX: AAR
THEIA IN FILL DRILLING IDENTIFIES BROAD ZONES OF
HIGH-GRADE GOLD MINERALISATION
In-fill results continue to demonstrate strong alignment with the MRE model.
HIGHLIGHTS
• Assay results received for a further 29 holes (3,233 metres) of an ongoing 99-hole (10,000-
metre) in-fill reverse circulation (RC) drill program being undertaken on a 12 metre by 12 metre
drill density at the flagship Theia Deposit, part of Astral’s 100%-owned Mandilla Gold Project
near Kalgoorlie. Best results include:
• 14 metres at 6.89g/t Au from 57m including 2 metres at 36.4g/t Au from 63m in hole
AMRC052;
• 14 metres at 4.10g/t Au from 44m including 1 metre at 28.0g/t Au from 55m in hole
AMRC040;
• 24 metres at 2.24g/t Au from 52m including 1 metre at 11.4g/t Au from 59m in hole
AMRC063;
• 21 metres at 2.26g/t Au from 104m including 1 metre at 34.3g/t Au from 104m in hole
AMRC045;
• 1 metre at 53.0g/t Au from 38m, 24 metres at 0.98g/t Au from 49m and 9 metres at 2.45g/t
Au from 84 metres in hole AMRC049;
• 14 metres at 3.06g/t Au from 85m and 10 metres at 1.17g/t Au from 106m in hole
AMRC048;
• 23 metres at 1.6g/t Au from 42m and 6 metres at 2.50g/t Au from 70m including 1 metre
at 10.1g/t Au from 72m in hole AMRC051;
• 14 metres at 2.47g/t Au from 105m including 1 metre at 17.1g/t Au from 113m in hole
AMRC059;
• 13 metres at 2.29g/t Au from 41m including 1 metre at 12.8g/t Au from 49m in hole
AMRC053;
• 17 metres at 1.52g/t Au from 60m in hole AMRC062;
• 7 metres at 2.56g/t Au from 75m and 12 metres at 1.85g/t Au from 101m in hole
AMRC066;
• 7 metres at 2.82g/t Au from 80m including 1 metre at 10.3g/t Au from 82m in hole
AMRC044;
• 15 metres at 1.04g/t Au from 44m, 12 metres at 1.17g/t Au from 63m and 6 metres at
1.19g/t Au from 80m in hole AMRC050; and
• 7 metres at 1.51g/t Au from 62m in hole AMRC061.
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• The Theia in-fill drilling results, which to date total 46 holes for 5,263 metres, have continued to
demonstrate a strong correlation to the current Theia Mineral Resource Estimate (MRE) that
was announced on 3 April 2025 of 33.3Mt at 1.1g/t Au for 1.15Moz of contained gold1
.
• Results have been received for approximately 50% of the program, with broad zones of high-
grade gold mineralisation a regular feature.
• The 10,000-metre program, which will be completed in three phases, aims to in-fill an 80-metre
by 120-metre area of the Stage 1 open pit as contemplated in the Mandilla Pre-Feasibility Study
(Mandilla PFS) that was announced on 25 June 2025, which would provide a drill density
potentially suitable for Measured Resource classification. To date, 75 holes for 8,433 metres
have been drilled with assay results pending for 29 holes for 3,285 metres.
• A 3,000-metre diamond drill (DD) program has now commenced at Mandilla designed to test
high-grade structures within the Theia deposit and an extensional target at depth on the eastern
flank.
Astral Resources’ Managing Director Marc Ducler said:
“As the results for the Theia in-fill program are received, our confidence in the robustness of the Mineral
Resource Estimate continues to increase.
“Whilst not to oversimplify this process, this latest batch of results consists of 29 holes, 18 of which
returned a reported interval in excess of 10-gram x metres2
! Of the four holes that did not intersect
significant mineralisation, three were drill tests beyond the known extents of the deposit.
“Broad zones of high-grade gold mineralisation have been a stunning feature of this in-fill program so
far and, with these results to hand, we are getting more confident and more excited about progressing
the Theia deposit into production as soon as possible. We have an ideal starter pit location with high-
grade mineralisation being defined to an almost grade control standard already.
“With our next round of diamond drilling now underway, three rigs are currently operating at Mandilla.
“Once the Theia in-fill RC program is completed, the rig will be relocated to Feysville to commence a
7,000m program, designed to extend the Kamperman deposit and follow up areas of gold anomalism
identified by historical air-core and RC drilling within the broader tenement package.”
1 Theia JORC 2012 Mineral Resource Estimate: 24.5Mt at 1.1g/t Au for 832koz Indicated Mineral Resources and 8.8Mt at 1.2g/t Au for
323koz Inferred Mineral Resources (refer to Astral ASX announcement dated 3 April 2025)
2 Gram x metres is the product of the assayed grade of the reported interval multiplied by the length of the reported interval
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Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results for a
further 29 holes (3,233 metres) of an ongoing 99-hole (10,000-metre) 12-metre by 12-metre in-fill drilling
program at the flagship Theia Deposit, part of the 100%-owned Mandilla Gold Project (Mandilla),
located approximately 70km south of Kalgoorlie in Western Australia (Figure 1).
With this announcement, assay results have now been received for 46 holes for 5,263 metres of the
program, just under 50% in terms of the number of holes.
Figure 1 – Map illustrating the location of the Mandilla, Spargoville and Feysville Gold Projects.
MANDILLA GOLD PROJECT
The Mandilla Gold Project is situated in the northern Widgiemooltha greenstone belt, approximately 70
kilometres south of the significant mining centre of Kalgoorlie, Western Australia.
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The area hosts world-class deposits such as the Golden Mile Super Pit in Kalgoorlie, owned by Northern
Star Resources Limited (ASX: NST), and the St Ives Gold Mine approximately 20 kilometres to the
south-east of Kambalda, owned by Gold Fields Limited, as well as the Beta Hunt Gold Mine immediately
to the south of Kambalda, owned by Westgold Resources Limited (ASX: WGX).
Mandilla is covered by existing Mining Leases which are not subject to any third‐party royalties other
than the standard WA Government gold royalty.
The Mandilla Gold Project includes the Theia, Iris, Eos and Hestia deposits.
Gold mineralisation at Theia and Iris is comprised of structurally controlled quartz vein arrays and
hydrothermal alteration close to the western margin of the Emu Rocks Granite and locally in contact
with sediments of the Spargoville Group.
Significant NW to WNW-trending structures along the western flank of the project are interpreted from
aeromagnetic data to cut through the granitic intrusion. These structures are considered important in
localising gold mineralisation at Theia, which has a mineralised footprint extending over a strike length
of more than 1.6km.
A second sub-parallel structure hosts gold mineralisation at the Iris deposit. The mineralised footprint
at Iris extends over a strike length of approximately 600 metres, combining with Theia to form a
mineralised zone extending over a strike length of more than 2.2 kilometres.
At Eos, located further to the south-east, a relatively shallow high-grade mineralised palaeochannel
deposit has been identified which extends over a length of approximately 600 metres. A primary gold
source is also present, with further drilling required to determine both the nature and structural controls
on mineralisation and its extent.
Mineralisation delineated over approximately 800 metres of strike at the Hestia deposit, located
approximately 500 metres west of Theia, is associated with a shear zone adjacent to a mafic/sediment
contact, interpreted to be part of the major north-south trending group of thrust faults known as the
Spargoville Shear Corridor.
Locally, the Spargoville Shear Corridor hosts the historically mined Wattle Dam gold mine (266koz at
10.6g/t Au) and, further to the north, the Ghost Crab/Mt Marion mine (>1Moz).
The mineralisation at Hestia, which is present in a different geological setting to the bedrock
mineralisation at Theia and Iris, remains open both down-dip and along strike.
In April 2025, Astral announced a Mineral Resource Estimate (MRE) of 42Mt at 1.1 g/t Au for 1.43Moz
of contained gold3
for the Mandilla Gold Project.
Metallurgical testing undertaken on each of the main deposits at Mandilla – Theia, Iris, Eos and Hestia
– has demonstrated high gravity recoverable gold, fast leach kinetics and exceptional overall gold
recoveries with low reagent consumptions and coarse grinding4,5
.
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 feeding a 2.75Mtpa
3
- 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)
4
- ASX Announcement 6 June 2022 “Outstanding metallurgical test-work results continue to de-risk Mandilla.”
5 - ASX Announcement 17 September 2024 “Outstanding metallurgical results further de-risk Mandilla.”
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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) (NPV8) of $1.4 billion6
. At a A$6,250 gold
price, the NPV8 increases to $2.9 billion7
.
Four open-pit mines at Mandilla were included in the Mandilla PFS (Theia, Hestia, Eos and Iris), and
three open-pits mines at Feysville (Kamperman, Think Big and Rogan Josh).
A map of Mandilla illustrating both the local area geology and mineral deposits is set out in Figure 2.
Figure 2 – Map of Mandilla Gold Project on local area geology.
6
- Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025).
7 - Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025) – refer to gold
price sensitivity Table 3 of ASX Announcement.
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THEIA RC DRILL RESULTS
The Theia Deposit hosts an MRE of 33.3Mt at 1.1g/t Au for 1.15Moz of contained gold1
.
More importantly, the production case as outlined in the Mandilla PFS, demonstrates that mining of the
Theia deposit represents 1.11Moz of the 1.48Moz total.
Given the importance of Theia to the successful development of the Mandilla Gold Project, a 99-hole
(10,000-metre) program of in-fill drilling was planned with the aim of increasing the drill density of a
panel of the Stage 1 Theia Pit, comprising an area 80 metres by 120 metres in size, to a depth of 150
metres at a 12-metre by 12-metre drill density, potentially suitable for Measured Resource classification.
This program, which commenced in August 2025, is now approximately 75% complete with 75 holes
drilled for 8,433 metres.
Assay results for the first 17 holes (2,030 metres) were reported on 10 September 2025.
This announcement reports the results for a further 29 holes for 3,233 metres.
A map showing the drill-hole collar locations on local area geology is presented in Figure 3.
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Figure 3 – Map of Theia illustrating drill collar locations of recent and historical drilling on local area geology.
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Best results include:
• 14 metres at 6.89g/t Au from 57m including 2 metres at 36.4g/t Au from 63m in hole
AMRC052;
• 14 metres at 4.10g/t Au from 44m including 1 metre at 28.0g/t Au from 55m in hole
AMRC040;
• 24 metres at 2.24g/t Au from 52m including 1 metre at 11.4g/t Au from 59m in hole
AMRC063;
• 21 metres at 2.26g/t Au from 104m including 1 metre at 34.3g/t Au from 104m in hole
AMRC045;
• 1 metre at 53.0g/t Au from 38m, 24 metres at 0.98g/t Au from 49m and 9 metres at 2.45g/t
Au from 84 metres in hole AMRC049;
• 14 metres at 3.06g/t Au from 85m and 10 metres at 1.17g/t Au from 106m in hole
AMRC048;
• 23 metres at 1.6g/t Au from 42m and 6 metres at 2.50g/t Au from 70m including 1 metre
at 10.1g/t Au from 72m in hole AMRC051;
• 14 metres at 2.47g/t Au from 105m including 1 metre at 17.1g/t Au from 113m in hole
AMRC059;
• 13 metres at 2.29g/t Au from 41m including 1 metre at 12.8g/t Au from 49m in hole
AMRC053;
• 17 metres at 1.52g/t Au from 60m in hole AMRC062;
• 7 metres at 2.56g/t Au from 75m and 12 metres at 1.85g/t Au from 101m in hole
AMRC066;
• 7 metres at 2.82g/t Au from 80m including 1 metre at 10.3g/t Au from 82m in hole
AMRC044;
• 15 metres at 1.04g/t Au from 44m, 12 metres at 1.17g/t Au from 63m and 6 metres at
1.19g/t Au from 80m in hole AMRC050;
• 16 metres at 1.08g/t Au from 48m in hole AMRC064;
• 14 metres at 1.02g/t Au from 84m in hole AMRC046;
• 9 metres at 1.19g/t Au from 89m in hole AMRC068;
• 9 metres at 1.18g/t Au from 62m in hole AMRC060;
• 7 metres at 1.51g/t Au from 62m in hole AMRC061;
• 14 metres at 0.82g/t Au from 40m in hole AMRC041;
• 2 metres at 4.40g/t Au from 71m in hole AMRC57;
• 6 metres at 1.00g/t Au from 94m in hole AMRC058; and
• 8 metres at 0.72g/t Au from 91m, 9 metres at 0.81g/t Au from 103m and 9 metres at
0.99g/t Au from 116m in hole AMRC047.
A cross-section (Section 1) that encompasses drill-holes AMRC044 through to AMRC056 is set out in
Figure 4 (see Figure 3 for section location). This cross-section highlights the latest drilling, which was
designed to in-fill a specific part of the Resource to a 12-metre x 12-metre spacing to the 200mRL.
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The 2025 MRE, along with gram-metre intercepts for each hole, are shown. The final pit design (Stage
5) is located well outside the field of view of this cross-section.
Figure 4 – Cross-section through Theia illustrating drill trace, assay results and geological interpretation (see
Figure 3 for section location).
With assays representing approximately 50% of the program now received, the results continue to
demonstrate a strong correlation with the MRE model within the Stage 1 Mandilla PFS pit design.
Theia is situated within an intrusive granitoid, classified through petrology studies to be of monzonitic
composition. The deposit comprises a series of very shallow south-dipping (~8 degrees average) vein
zones hosted within the monzonitic intrusive unit.
Whilst individual quartz veins are typically less than 5cm in thickness, the vein zones are typically 20-
50m thick with, typically, up to 3-4 veins per metre. The most strongly mineralised areas are more often
present in areas of higher vein density.
Visible free gold is common within the Theia Deposit. For the most part, this gold is hosted within quartz
veins, with gold grains typically 1mm in size but varying from pinhead to match-head size.
The high percentage of free gold observed in the Theia Deposit is supported by metallurgical test work
with significant gold recovered during gravity testing.
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The results of the current program conform with the overall interpretation that the mineralised zones
within the Theia deposit contain consistent gold-assay zones which are recognised through increased
amounts of quartz +/- sulphides.
EXPLORATION UPDATE
Mandilla Gold Project
Three rigs are currently drilling at Mandilla.
As reported above, an RC rig is continuing the in-fill drilling program, with the 99-hole (10,000-metre)
program now in its final stages.
Assay results for the remaining 53 holes will be reported in due course.
The second RC rig is currently drilling pre-collars ahead of the 3,000-metre DD program which has now
commenced.
The DD program has been designed to test an interpreted high-grade structure within the Theia Deposit
and to undertake a series of deeper tests on the eastern flank of the deposit for a potential parallel
mineralised structure.
Feysville Gold Project
Following completion of the in-fill RC program at Theia, the rig will be relocated to Feysville to undertake
a 17-hole (3,000-metre) program at Kamperman, designed to test for extensions to the high-grade
mineralisation in the footwall of the southern Kamperman lode.
This will be followed by a 30-hole (4,000-metre) regional program, designed to follow up areas of gold
anomalism identified by historical air-core and RC drilling.
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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
Project
Probable Total Ore Reserve
Tonnes Grade Metal Tonnes Grade Metal
(Mt) (Au g/t) (oz Au) (Mt) (Au g/t) (oz Au)
Mandilla8
34.3 0.9 1,000,000 34.3 0.9 1,000,000
Feysville8
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
Project
Indicated Inferred Total Mineral Resource
Tonnes Grade 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)
Mandilla9
31 1.1 1,034,000 11 1.1 392,000 42 1.1 1,426,000
Feysville10
4 1.3 144,000 1 1.1 53,000 5 1.2 196,000
Spargoville11
2 1.3 81,000 1 1.6 58,000 3 1.4 139,000
Total 36 1.1 1,259,000 14 1.2 502,000 50 1.1 1,761,000
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.
8 - Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)
9 - 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)
10 - 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
53koz Inferred Mineral Resources (refer to Astral ASX announcement dated 1 November 2024).
11 - 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
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 Media
Marc Ducler Nicholas Read
Managing Director Read Corporate
Astral Resources +61 419 929 046
+61 8 9382 8822
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
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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.
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 the Mineral Resources for the Spargoville 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.
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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
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
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