Strongly Supported $65m Placement to Advance Mandilla

Game-Changing Funding Secured for Mandilla Gold Project

Astral Resources is thrilled to announce the successful completion of a significantly oversubscribed A$65 Million Placement.

This capital raising demonstrates exceptional support from both our existing and a strong new lineup of new, highly regarded international and domestic institutional investors.

What’s Next:
The proceeds, combined with existing reserves, will underpin a significant portion of the equity funding required for Mandilla’s development, pushing us closer to a Final Investment Decision (FID)

Accelerated Development: Funds will be deployed into advancing infrastructure early-works and procuring long-lead items for Mandilla. In addition to accelerating exploration and evaluation across our strategic 1.76Moz Resource base.

This capital infusion is a pivotal step that de-risks our path to production and unlocks the full potential of our high-quality asset base in a premier gold province. The overwhelming demand is a testament to the quality and value of the Mandilla Gold Project.