Quarterly Activities & Cashflow Report

Astral Resources is building momentum at Mandilla!

We have delivered a strong December quarter, advancing exploration, development and funding across our Western Australia gold portfolio.

•15,000m+ of drilling completed at Mandilla and Feysville, including high-grade structure testing and resource infill.
•Mining License granted for the Think Big and Rogan Josh Deposits.
•Land Use Agreement signed with Native Title Claimant Group.
•Mandilla DFS progressing with key appointments made.
•$76M cash on hand following a successful $65M placement and option exercises.

These milestones build on our Mandilla PFS which outlines a seven-open pit 2.7Mtpa operation producing 95koz per year, for the first 12 years with a compelling NPV of $1.4B at A$4,250/oz rising to $3.1B at A$6,500/oz.

With drilling success, approvals advancing and a strengthened balance sheet, Astral is well positioned for the next phase of growth!