Theia Deeps Continues to Expand
Released
Released
Announcement PDF
ASX Announcement
ASX: AAR 17 August 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
THEIA DEEPS CONTINUES TO EXPAND WITH ADDITIONAL
BROAD ZONES OF MINERALISATION INTERSECTED
HIGHLIGHTS
Mandilla Gold Project
• Latest results from deep diamond drilling (DD) continue to demonstrate significant growth
potential beneath the cornerstone 1.4Moz1 Theia Deposit at the Mandilla Gold Project in WA,
with further broad zones of mineralisation intersected below the April 2026 Mineral Resource
shell.
• Significant assays returned from drill-holes AMRCD262, AMRCD376 and AMRCD378, part of
Astral’s ongoing Theia Deeps DD program.
• Best results for AMRCD378 include:
• 52.75m at 4.67g/t Au from 445.25m, including 0.35m at 47.2g/t Au from 445.25m, 0.47m
at 20.3g/t Au from 471.85m, 0.3m at 18.7g/t Au from 486.46m, 0.34m at 477g/t Au from
487.3m and 0.3m at 13.6g/t Au from 496.8m
• 21m at 1.61g/t Au from 321m, including 1m at 27.0g/t Au from 340m
• 7m at 2.64g/t Au from 418m, including 0.4m at 21.8g/t Au from 419.25m
• 15m at 0.94g/t Au from 166m
• Best results for AMRCD376 include:
• 4.4m at 11.6g/t Au from 197.6m, including 0.3m at 155.5g/t Au from 197.6m
• 45m at 1.39g/t Au from 389m, including 0.3m at 35.8g/t Au from 394.05m, 0.3m at 11.2g/t
Au from 397.5m and 0.32m at 44.9g/t Au from 400m
• 36m at 1.00g/t Au from 302m, including 1m at 14.7g/t Au from 337m
• Best results for AMRCD262 include:
• 25m at 1.68g/t Au from 546m
• 30m at 0.98g/t Au from 470m, including 0.38m at 28.1g/t Au from 494.3m
• 25m at 0.79g/t Au from 581m
• 13 holes have now been completed, with the program further increased from the original 6 holes
(3,000m) to 21 holes (11,000m).
•
1
- Mandilla JORC 2012 Mineral Resource Estimate: 1.3Mt at 1.3g/t Au from 57koz Measured Mineral Resources, 32.6Mt at 1.0g/t Au for
1,092koz Indicated Mineral Resources and 19.6Mt at 0.9g/t Au for 588koz Inferred Mineral Resources (refer to Astral ASX announcement
dated 21 April 2026)
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Astral Resources’ Managing Director Marc Ducler said:
“The Theia Deeps drill program, which has now been extended to 21 holes for 11,000m, continues to
show tremendous potential for additional growth at Theia, with the program targeting further high-grade
extensions to the Theia resource at depth and along strike.
“These latest assay results from AMRCD262, AMRCD376 and AMRCD378 have all demonstrated
broad zones of high-grade gold mineralisation beyond the base of the current April 2026 Mineral
Resource shell.
“The best intersections – which are all located outside the Mineral Resource shell – include 52.75m at
4.67g/t Au from 445.25m in AMRCD378, 45m at 1.39g/t Au from 389m in AMRCD376 and 25m at
1.68g/t Au from 546m in AMRCD262.
“The Theia Deeps diamond drilling program is ongoing, as is the Theia RC in-fill program.
“Exploration is also planned to recommence at the Feysville Project’s Kamperman deposit during the
September Quarter to follow-up drilling from earlier this year which included an exceptional 14m at
6.79g/t Au in FRC463. This hole was located well outside the current MRE and remains open at depth.
Drilling at Kamperman will commence following the completion of a heritage survey which is due to
occur mid-August.
“Additional heritage surveys are also planned for the Wattle Dam and Eagle’s Nest complexes in early
September which will clear the path for our Spargoville exploration programs.
“These programs position Astral for a very active second half of 2026 as we continue to both de-risk
and grow the Theia deposit, advance the Mandilla Project DFS and kick-off a series of very promising
exploration programs to test for growth opportunities at Kamperman and across our highly prospective
Spargoville tenure.”
Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results for a
further three diamond drill-holes completed as part the DD program at the Theia Deposit, part of the
100%-owned Mandilla Gold Project (Mandilla), located approximately 70km south of Kalgoorlie in
Western Australia (Figure 1).
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Figure 1 – Map illustrating the location of the Mandilla, Spargoville and Feysville Gold Projects.
MANDILLA DIAMOND DRILLING UPDATE
Astral currently has a DD rig testing Theia Deeps for depth extensions below the current Mineral
Resource Estimate (MRE).
The aim of the program is to determine the potential broader scale of the Theia mineral system.
With the continued success of the program, additional holes are now planned to target further high-
grade extensions to the known Theia Resource at depth and along strike, with the program now
expanded to 21 holes for 11,000m.
An isometric view showing the drill-hole collar locations for the DD program is shown in Figure 2.
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Figure 2 – Isometric view of the Theia Deposit showing the MRE block model, the drill traces for the completed and
planned deep DD holes and the cross-section locations
Assay results for holes AMRCD262, AMRCD376 and AMRCD378 (1,817.3m) have now been received.
AMRCD262
Best results for AMRCD262 include:
• 2m at 7.37g/t Au from 72m
• 1.3m at 5.53g/t Au from 278m
• 15m at 0.63g/t Au from 325m
• 30m at 0.98g/t Au from 470m, including 0.38m at 28.1g/t Au from 494.3m
• 21m at 0.45g/t Au from 518m
• 25m at 1.68g/t Au from 546m
• 25m at 0.79g/t Au from 581m
Cross-section C-C’, as located in the above isometric view, is shown below in Figure 3.
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Figure 3 – Cross-section view of the Theia Deposit showing AMRCD262.
DD hole AMRCD262 returned several broad deep intervals well outside the April 2026 Mineral
Resource shell. These include 30m at 0.98g/t Au from 470m, 21m at 0.45g/t Au from 518m, 25m at
1.68g/t Au from 546m and 25m at 0.79g/t Au from 581m. When bulked out, these intervals returned
136m at 0.76g/t Au from 470m (with a maximum internal waste interval of 15 metres).
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This result demonstrates that Theia remains open at depth at this location, with the potential for further
vertical extensions of gold mineralisation. There is also potential for this mineralisation to extend up-dip
to the south. Future diamond drilling will test this area and, if successful, could significantly enhance
the open pit economics.
AMRCD376
Best results for AMRCD376 include:
• 7m at 1.63g/t Au from 59m
• 4.4m at 11.6g/t Au from 197.6m, including 0.3m at 155.5g/t Au from 197.6m
• 16.05m at 0.75g/t Au from 265m, including 1.0m at 14.3g/t Au from 280.75m
• 36m at 1.00g/t Au from 302m, including 1m at 14.7g/t Au from 337m
• 9.13m at 0.78g/t Au from 373.77m
• 45m at 1.39g/t Au from 389m, including 0.3m at 35.8g/t Au from 394.05m, 0.3m at 11.2g/t Au
from 397.5m and 0.32m at 44.9g/t Au from 400m
• 64m at 0.57g/t Au from 491m
• 12.8m at 0.58g/t Au from 562m
Cross-section A-A’, as located in Figure 2, is shown below in Figure 4.
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Figure 4 – Cross-section view of the Theia Deposit showing AMRCD376.
DD hole AMRCD376, which was drilled 200 metres north-east of AMRCD260, returned several
significant intersections that support both existing Inferred Mineral Resources within the April 2026
Mineral Resource shell (36m at 0.99g/t Au from 302m) and extendi the Theia deposit at depth (45m at
1.38g/t Au from 389m and 64m at 0.56g/t Au from 491m).
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AMRCD378
Best results for AMRCD378 included:
• 15m at 0.94g/t Au from 166m
• 15m at 0.63g/t Au from 303m
• 21m at 1.61g/t Au from 321m, including 1m at 27.0g/t Au from 340m
• 3m at 2.41g/t Au from 382m
• 16m at 0.37g/t Au from 396m
• 7m at 2.64g/t Au from 418m, including 0.4m at 21.8g/t Au from 419.25m
• 52.75m at 4.67g/t Au from 445.25m, including 0.35m at 47.2g/t Au from 445.25m, 0.47m at 20.3g/t
Au from 471.85m, 0.3m at 18.7g/t Au from 486.46m, 0.34m at 477g/t Au from 487.3m and 0.3m
at 13.6g/t Au from 496.8m
Cross-section B-B’, as located in Figure 2, is shown below in Figure 5.
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Figure 5 – Cross-section view of the Theia Deposit showing AMRCD378 assay intervals and quartz vein percentage
and visible gold for AMRCD377.
Cautionary Statement: Visual estimates of mineral abundance should never be considered a proxy or substitute for
laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
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As for AMRCD376, DD hole AMRCD378 returned assay intervals that support both current Inferred
Mineral Resources towards the base of the pit shell, whilst also demonstrating the potential for a
significant high-grade depth extension to the south of Theia (52.75m at 4.67g/t Au from 445.25m).
AMRCD377 is also shown in Figure 5 above. While assays are pending, logging of the diamond core
appears to demonstrate a reasonable compliance to the April 2026 MRE with quartz veining (right of
trace) and logged visible gold (left of trace) aligning well with the Indicated and Inferred Mineral
Resources. The potential for additional Mineral Resources at depth is also evident from logging.
CURRENT AND FUTURE EXPLORATION WORK PROGRAMS
Both reverse circulation (RC) and DD rigs are currently operating at Mandilla.
The DD program has been further expanded (21 holes for 11,000m), with the additional holes designed
to target further high-grade extensions to the known Theia Resource at depth and along strike.
In-fill RC drilling of the Theia Stage 1 open pit is ongoing, with 193 holes for 19,445 metres completed
of the 431-hole (44,400m) program.
At the Kamperman deposit, which forms part of the Feysville Gold Project, a heritage survey is currently
scheduled for mid-August, which will allow the recommencement of extensional drilling at Kamperman.
Further heritage surveys are also scheduled for September to facilitate the commencement of the
planned Spargoville exploration programs, starting at the Wattle Dam complex.
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
Cautionary Statement: Visual estimates of mineral abundance should never be considered a proxy
or substitute for laboratory analyses where concentrations or grades are the factor of principal
economic interest. Visual estimates also potentially provide no information regarding impurities or
deleterious physical properties relevant to valuations.
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ABOUT THE 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.
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 700 metres, combining with Theia to form a
mineralised zone extending over a strike length of more than 2.3 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 900 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 1,300 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 2026, Astral announced a Mineral Resource Estimate (MRE) of 53.5Mt at 1.0 g/t Au for
1.74Moz of contained gold2 for the Mandilla Gold Project.
2
- Mandilla JORC 2012 Mineral Resource Estimate: 1.3Mt at 1.3g/t Au from 57koz Measured Mineral Resources, 32.6Mt at 1.0g/t Au for
1,092koz Indicated Mineral Resources and 19.6Mt at 0.9g/t Au for 588koz Inferred Mineral Resources (refer to Astral ASX announcement
dated 21 April 2026)
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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 grinding3,4.
In June 2025, Astral announced the results of a Preliminary Feasibility Study for Mandilla (Mandilla
PFS), which also included the mining of gold deposits at Feysville. It was based on a standalone project
comprising seven open pit mines feeding a 2.75Mtpa processing facility, producing 95koz per year for
the first 12 years. The base case gold price assumption for the Mandilla PFS was A$4,250/oz and
demonstrated a Net Present Value (8% discount rate) (NPV8) of $1.4 billion5. At a A$6,250 gold price,
the NPV8 increases to $2.9 billion.
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 6.
Figure 6 – Map of Mandilla Gold Project on local area geology.
3
ASX Announcement 6 June 2022 “Outstanding metallurgical test-work results continue to de-risk Mandilla.”
4
ASX Announcement 17 September 2024 “Outstanding metallurgical results further de-risk Mandilla.”
5
Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)
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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)
Mandilla6
34.3 0.9 1,000,000 34.3 0.9 1,000,000
Feysville6
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
Measured Indicated Inferred Total Mineral Resource
Tonnes Grade Metal 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) (Mt)
(Au
g/t)
(oz Au)
Mandilla2
1.3 1.3 57,000 32.6 1.0 1,092,000 19.6 0.9 588,000 53.5 1.0 1,736,000
Feysville7
- - - 3.5 1.3 144,000 1.5 1.1 53,000 5.0 1.2 196,000
Spargoville8
- - - 1.9 1.3 81,000 1.1 1.6 58,000 3.0 1.4 139,000
Total 1.3 1.3 57,000 38.1 1.1 1,317,000 22.2 1.2 698,000 61.6 1.0 2,072,000
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 are reported at 0.40g/t Au lower cut-off for Mandilla and 0.39 g/t Au lower cut-off for Spargoville and Feysville, while
constrained within pit shells derived using a gold price of AUD$4,500 per ounce for Mandilla, AUD$3,500 for Spargoville and AUD$2,500 per
ounce for Feysville.
6
Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)
7
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).
8
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 21 April 2026 titled " Mineral
Resource Increased to 2.07 Million Ounces - Mandilla Now at 1.74 Million Ounces Gold". 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 21 April 2026 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 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 rat
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