Significant High-Grade Gold Intersected at Spargoville
Released
Released
Announcement PDF
ASX Announcement
ASX: AAR 25 MARCH 2026
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
EXPLORATION DRILLING INTERSECTS SIGNIFICANT HIGH-
GRADE GOLD AT SPARGOVILLE’S WATTLE DAM COMPLEX
HIGHLIGHTS
Spargoville Gold Project – Wattle Dam Complex
• Assay results received for 39 holes (4,234m) from the reverse circulation (RC) in-fill and
extensional drill program completed in January 2026 at the Wattle Dam Complex, within the
Spargoville Gold Project in Western Australia. Key results include:
• 13m at 7.10g/t Au from 87m including 2m at 34.6g/t Au from 92m, and 5m at 1.88g/t Au
from 162m (SGRC089)
• 5m at 9.35g/t Au from 38m including 3m at 13.8g/t Au from 39m, and 13m at 1.04g/t Au
from 47m (SGRC106)
• 5m at 1.02g/t Au from 113m and 4m at 11.0g/t Au from 122m including 1m at 40.0g/t Au
from 123m (SGRC098)
• 15m at 2.04g/t Au from 84m (SGRC122)
• 7m at 3.95g/t Au from 80m (SGRC092)
• 10m at 2.30g/t Au from 118m (SGRC094)
• 5m at 4.12g/t Au from 50m and 8m at 1.17g/t Au from 132m (SGRC118)
• 3m at 5.89g/t Au from 77m (SGRC084)
• 10m at 1.56g/t Au from 50m (SGRC087)
• 14m at 1.09g/t Au from 53m (SGRC102)
• 8m at 1.33g/t Au from 84m and 3m at 2.52g/t Au from 102m (SGRC105)
• 9m at 1.22g/t Au from 85m (SGRC120)
• 8m at 1.25g/t Au from 38m (SGRC114).
• The recent RC drill program was designed to in-fill the Redback, Huntsman and Trapdoor
deposits, as well as extend the Resources at Huntsman and Redback to the south, where the
gold-bearing lodes may potentially merge.
• High-grade gold mineralisation appears to be associated with the eastern contact of an
interpreted porphyry, confirming geological interpretations, with best results including 13m at
7.1g/t Au (SGRC089), 10m at 2.30g/t Au (SGRC094), 4m at 11.0g/t Au (SGRC098), 8m at
1.33g/t Au (SGRC105), 8m at 1.17g/t Au (SGRC118) and 15m at 2.04g/t Au (SGRC122).
• These intersections represent the deepest tests on their respective drilling lines, demonstrating
that the mineralisation remains open at depth.
• Strong gold assays have also been returned in holes SGRC114 (8m at 1.25g/t Au), SGRC106
(5m at 9.35g/t Au and 13m a 1.04g/t Au), and SGRC102 (14m at 1.09g/t Au), extending known
mineralisation from the Huntsman lodes as much as 150 metres from the current Resource.
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• Exploration Targeting Workshop has interpreted multiple high-priority splay faults off the
regional Karramindie and Spargoville Shears similar in geometries to important mineralising
structures at the high-grade Wattle Dam deposit and nearby St Ives Gold Camp. Several targets
have been identified for drilling through 2026.
Mandilla Gold Project
• As part of the ongoing Mandilla Gold Project Definitive Feasibility mine development, a program
of sterilisation RC drilling is being undertaken across the Mandilla project area with 110 holes
(16,760m) drilled to date. This activity will continue through the June 2026 Quarter, pending
heritage clearance surveys.
• A second RC rig is currently in-fill drilling a portion of the Theia Stage Two open pit, reducing
the drill spacing down to a 20-metre x 20-metre pattern over the current pit design. Once
completed, the rig will continue in-fill drilling for the Theia Stage One open pit, reducing the drill
spacing to a 12.5-metre x 12.5-metre pattern targeting a Measured Mineral Resource.
• A diamond drilling (DD) program (six holes for approximately 3,000 metres) has commenced at
Theia testing for depth extensions of the ore body below the current Stage Five open pit design.
Astral Resources’ Managing Director Marc Ducler said:
“The Spargoville Project’s Wattle Dam Gold Complex – which is located 2km west of our flagship
Mandilla Gold Project – hosts a current Mineral Resource Estimate (MRE) of 2.1Mt at 1.3g/t Au for
91koz of contained gold within the Wattle Dam Stockwork, Redback, Trapdoor, Huntsman, Golden Orb,
S5 and 8500N deposits.
“This recent RC program comprised of in-fill and extensional drilling at Redback, Huntsman and
Trapdoor deposits to underpin an update to the current MRE, which is expected in the back half of
2026.
“Best results from the program include 13m at 7.1g/t Au (SGRC089), 10m at 2.30g/t Au (SGRC094),
4m at 11.0g/t Au (SGRC098), 8m at 1.33g/t Au (SGRC105), 8m at 1.17g/t Au (SGRC118) and 15m
at 2.04g/t Au (SGRC122).
“The mineralisation, which is steeper than previously interpreted and appears to be associated with the
eastern contact of a porphyry unit, remains open at depth.
“Remodelling of the mineralisation across Redback, Trapdoor, Huntsman and Golden Orb is currently
underway, which will feed into a follow up drill program in the coming months
“At Mandilla, three rigs are currently operating, a diamond rig testing for depth extensions at Theia, an
RC rig undertaking in-fill drilling to de-risk the first two stages of the Theia open pit, and a second RC
rig conducting a sterilisation programme for waste rock landforms, tailings storage facilities and the
process plant footprint.
“Heritage surveys have also recently been completed on a granted miscellaneous licence to allow
exploration for process water.
“A further survey is being undertaken at Think Big to facilitate the proposed early gold mining
opportunity with MMS1
. Development studies and contract negotiations are well advanced, with a JV
agreement anticipated in the coming weeks.”
“Once heritage work at Think Big is completed, the focus of the team will switch to surveying the
infrastructure footprints for the Mandilla Gold Project development.
1 - Astral Secures Development Partner for Think Big Project (refer to Astral ASX Announcement dated 20 October 2025)
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Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results for a 39-
hole (4,234-m) RC drilling program at its 100%-owned Spargoville Gold Project (Spargoville), which
sits adjacent, and to the west of the Company’s flagship Mandilla Gold Project, approximately 70km
south of Kalgoorlie in Western Australia (Figure 1).
Figure 1 – Map illustrating the location of the Mandilla, Spargoville and Feysville Gold Projects.
SPARGOVILLE GOLD PROJECT
The Spargoville Gold Project is located approximately 25km south-west of Kambalda and
approximately 20km west of Gold Fields Limited’s +20-million-ounce St Ives gold camp.
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The Project is situated in the Coolgardie Domain, on the western margin of the Kalgoorlie Terrain within
the highly gold endowed Wiluna-Norseman Greenstone Belt, Archaean Yilgarn Block (GSWA Lefroy
Map Sheet 3235).
The Coolgardie Domain is bounded by the Zuleika shear to the east and batholithic granites to the west.
The overall stratigraphy of the Kalgoorlie Terrane is recognised by a basal basaltic unit, overlain by a
komatiitic unit and an upper basaltic unit.
These volcanic sequences are in turn conformably overlain by volcaniclastics and sedimentary
sequences and variably intruded by syn-deformational granitic stocks and late-stage post deformational
Proterozoic dolerite dykes.
Locally, the greenstone belt stratigraphy is interpreted as occupying a north-south trending folded
position. It is dominated by quartzo-feldspathic metasedimentary rocks known as the Black Flag Group
and mafic-ultramafic greenstone stratigraphy. The Spargoville shear zone hosts the Wattle Dam gold
mine, which produced 262,384oz at 10.4g/t Au (mined by Ramelius Resources from 2005 to 2012).
The northern and southern extents of the project area appear intruded by syn-tectonic domal granites,
including the Depot Granite to the north and the Widgiemooltha Dome to the south. Granitoids appear
to uplift the geology and result in the draping and folding of the mafic-ultramafic greenstone stratigraphy
around the margins of the domes.
Major NNW-trending shear zones also pass through the Mandilla and Spargoville project areas. These
shears are often localised along geological contacts and are potential pathways for mineralisation.
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 gold2
.
The Wattle Dam Gold Complex – 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 billion3
.
Astral acquired the Spargoville Gold Project just prior to the completion of the Mandilla PFS, with the
mineral resources at Spargoville therefore not included as part of the Mandilla PFS.
A map of Spargoville illustrating both the local area geology and gold deposits is set out in Figure 2.
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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Figure 2 – Map of Spargoville and Mandilla Gold Projects identifying gold deposits on local area geology.
WATTLE DAM COMPLEX EXPLORATION RESULTS
The Wattle Dam Complex consists of the Wattle Dam Stockwork, Redback, Golden Orb, Huntsman,
Trapdoor, S5 and 8500N deposits. The Wattle Dam Complex Hosts a MRE of 2.1Mt at 1.3g/t for 91koz
of contained gold.
Mineralisation at the Redback deposit is observed as vein stockworks within greenstone (ultramafic –
meta-mafic) units, between two parallel porphyry dykes adjacent to the major Spargoville Shear Zone.
Rare examples of interflow sediments have been observed. Observations from Redback show
mineralisation is hosted within quartz-carb-pyrrhotite-scheelite-Au veinlets.
Trapdoor, located 100m south-west of Redback and with a similar mineralisation style, is potentially a
continuation of the Redback deposit.
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The Huntsman deposit is located 100m directly east of Redback. Mineralisation is concentrated along
the eastern contact of the Redback Eastern Porphyry and a felsic volcanic-ultramafic contact, dipping
steeply west. Two distinct mineralised lodes have been observed.
Numerous mineralised lodes have been modelled at Redback and Trapdoor. It is interpreted that two
distinct lodes are present, one on the eastern contact of the western porphyry, and the second on the
western contact of the eastern porphyry.
Previous interpretations of the Redback deposit suggested that mineralisation plunges to the north,
corresponding with the interpreted plunge of the Redback Porphyry. However, recent modelling
indicates that this apparent plunge is largely a function of drilling, rather than a true geological feature.
A current interpretation implies that mineralisation intensity decreases in areas where the porphyry is
less developed and the spacing between the two porphyry units increases.
Astral’s recent drill program aimed to in-fill the Redback, Huntsman and Trapdoor to 40-metre hole
spacing and 20-metre line spacing on the portion of the deposit within tenement M15/97.
A map showing the drill-hole collar locations on local area geology is shown in (Figure 3).
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Figure 3 – Map of the Spiders deposits (Redback, Gold Orb, Huntsman, Trapdoor) illustrating drill collar locations of
recent and historical drilling on local area geology.
Best assay results from recent drilling include:
• 13m at 7.10g/t Au from 87m including 2m at 34.6g/t Au from 92m and 5m at 1.88g/t Au from 162m
(SGRC089)
• 5m at 9.35g/t Au from 38m including 3m at 13.8g/t Au from 39m and 13m at 1.04g/t Au from 47m
(SGRC106)
• 5m at 1.02g/t Au from 113m and 4m at 11.0g/t Au from 122m including 1m at 40.0g/t Au from
123m (SGRC098)
• 15m at 2.04g/t Au from 84m (SGRC122)
• 7m at 3.95g/t Au from 80m (SGRC092)
A
A’
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• 10m at 2.30g/t Au from 118m (SGRC094)
• 5m at 4.12g/t Au from 50m and 8m at 1.17g/t Au from 132m (SGRC118)
• 3m at 5.89g/t Au from 77m (SGRC084)
• 10m at 1.56g/t Au from 50m (SGRC087)
• 14m at 1.09g/t Au from 53m (SGRC102)
• 8m at 1.33g/t Au from 84m and 3m at 2.52g/t Au from 102m (SGRC105)
• 9m at 1.22g/t Au from 85m (SGRC120)
• 8m at 1.25g/t Au from 38m (SGRC114).
A long section through Redback and Trapdoor is set out as Figure 4.
Figure 4 –Longitudinal Projection of the Redback and Trapdoor deposits (looking 080) illustrating historical drill
traces and recent gram-metre gold intersections.
Best results from the program appear to be associated with the eastern contact of the interpreted
western porphyry. Mineralisation is steeper than previously interpreted and remains open at depth.
The program has also increased the known extent of mineralisation at Huntsman by up to 150 metres.
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SPARGOVILLE EXPLORATION POTENTIAL
Astral has recently completed a target generation program over the acquired Spargoville project area.
The objective of the program was to identify and develop a pipeline of new gold opportunities, targeting
both high-grade and bulk-tonnage gold deposits capable of supporting the future process plant outlined
in the Mandilla PFS.
Exploration at Spargoville since the 1970s has been predominantly focussed on nickel, with only limited
and sporadic sampling for gold.
Where gold exploration has occurred, it has largely been confined to shallow RAB and aircore drilling.
The effectiveness of this work has been constrained by cover and complex regolith conditions.
In addition, there has been minimal deeper drilling (greater than 50 to 100 metres) along the prospective
shear zones, aside from at the Wattle Dam deposit.
The project area is characterised by multiple NNW-trending faults that splay from the regional
Karramindie and Spargoville shear zones.
This structural setting is analogous to that observed along the Boulder Lefroy shear at St Ives. Notably,
one of these shears hosts the high-grade Wattle Dam deposit.
Importantly, widespread gold anomalism identified from historical soil sampling and drilling aligns
closely with the interpreted NNW-trending shear zones, including at Wattle Dam.
Astral’s targeting work has identified several high priority drill targets along more than 20 kilometres of
prospective strike.
These targets, shown in Figure 5, will be further assessed and advanced towards drilling during 2026.
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Figure 5 – Magnetic image of the prospective Spargoville tenure, illustrating identified exploration targets over
+20km of prospective
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CURRENT AND FUTURE WORK PROGRAMS
An RC drilling program for the purpose of sterilisation is currently being undertaken at the Mandilla Gold
Project area with a total of 119 holes (17,934m) so far completed.
This program will continue through the remainder of the June 2026 Quarter, pending heritage clearance
surveys.
A second RC drill rig is currently in-fill drilling a portion of the Stage Two open pit at Theia. Once this is
complete, the RC rig will complete the in-fill drilling for the Stage One open pit at Theia.
A diamond drill rig mobilised to site on 20 March 2026. A 6-hole (3,000m) program is planned to test
depth extensions at Theia, below the current Stage Five open pit design.
Cube Consulting’s update to the Mandilla MRE remains on track for completion in the coming weeks.
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
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CONSOLIDATED MINERAL RESOURCE & ORE RESERVE ESTIMATES
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)
Mandilla4
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
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)
Mandilla5
31 1.1 1,034,000 11 1.1 392,000 42 1.1 1,426,000
Feysville6
4 1.3 144,000 1 1.1 53,000 5 1.2 196,000
Spargoville7
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.
4 - Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)
5 - 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
53koz Inferred Mineral Resources (refer to Astral ASX announcement dated 1 November 2024).
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
58koz Inferred Mineral Resources (refer to Astral ASX announcement dated 7 May 2025).
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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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astralresources.com.au ASX: AAR |
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
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