More Thick High-Grade Infill Results Strengthen Theia Stage1
Released
Released
Announcement PDF
ASX Announcement
ASX: AAR 8 SEPTEMBER 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
MORE THICK, HIGH-GRADE IN-FILL RESULTS CONTINUE TO
STRENGTHEN THEIA STAGE 1 OPEN PIT AT MANDILLA
HIGHLIGHTS
Mandilla Gold Project
• Strong assay results received for the next 41 holes (4,456m) of the ongoing in-fill Reverse
Circulation (RC) drill program at Theia, with several high-grade intervals demonstrating the
significant potential of the Stage 1 open pit at Astral’s 100%-owned Mandilla Gold Project near
Kalgoorlie.
• The latest in-fill assay results, with a weighted average grade of 1.54g/t Au, continue to meet
expectations, validating both the geological and Mineral Resource models for Theia and
highlighting the significant zones of high-grade mineralisation in the Stage 1 open pit.
• Best results include:
• 1m at 1.09g/t Au from 75m, 23m at 1.05g/t Au from 102m and 7m at 10.4g/t Au from 133m,
including 1m at 53.0g/t Au from 133m and 1m at 17.8g/t Au from 139m (AMRC446)
• 10m at 1.08g/t Au from 22m, 13m at 5.00g/t Au from 36m including 1m at 36.8g/t Au from
41m and 1m at 19.0g/t Au from 46m (AMRC431)
• 4m at 13.5g/t Au from 106m including 1m at 45.7g/t Au from 107m (AMRC410)
• 11m at 4.00g/t Au from 34m including 1m at 24.6g/t Au from 42m and 1m at 24.7g/t Au
from 107m (AMRC444)
• 1m at 43.0g/t Au from 15m and 5m at 1.69g/t Au from 83m (AMRC433)
• 15m at 2.05g/t Au from 57m including 1m at 14.4g/t Au from 69m (AMRC415)
• 15m at 2.01g/t Au from 102m including 1m at 11.0g/t Au from 105m (AMRC420)
• 1m at 11.6g/t Au from 86m and 13m at 1.63g/t Au from 105m (AMRC445)
• 10m at 1.91g/t Au from 86m (AMRC416)
• 14m at 1.30g/t Au from 83m (AMRC419)
• 10m at 1.78g/t Au from 77m (AMRC436)
• 14m at 1.21g/t Au from 96m and 4m at 1.64g/t Au from 123m (AMRC438)
• 10m at 1.12g/t Au from 25m, 17m at 0.97g/t Au from 40m, 6m at 1.82g/t Au from 64m and
4m at 1.58g/t Au from 80m (AMRC443)
• 9m at 1.64g/t Au from 11m and 5m at 1.03g/t Au from 83m (AMRC435)
• Exceptional results also received for AMRCD374, an RC hole with a diamond tail that was drilled
from within the Stage 1 open pit footprint as part of the Theia Deeps program. The hole was
terminated at a depth of 318.9 metres, well before the target depth, due to excessive deviation,
with best results including:
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• 1m at 219g/t Au from 25m
• 3m at 15.4g/t Au from 141m including 0.3m at 122g/t Au from 143.01m
• 13m at 2.29g/t Au from 62m including 1m at 21.8g/t Au from 74m
• 15m at 1.40g/t Au from 109m including 1m at 11.2g/t Au from 109m
• 19m at 1.07g/t Au from 82m
• 3.35m at 5.86g/t Au from 229m including 0.3m at 60.4g/t Au from 232.05m
• 1m at 15.2g/t Au from 12m
• 5m at 2.97g/t Au from 47m including 1m at 11.0g/t Au from 51m
• 11.52m at 1.20g/t Au from 259.55m
• The results from AMRCD374 provide further evidence of significant high-grade gold
mineralisation within the Stage 1 open pit, reinforcing the potential economic value of the early
mining inventory as contemplated in the Mandilla Gold Project Pre-Feasibility Study (Mandilla
PFS).
• The Theia Stage 1 RC in-fill program is continuing with 225 holes for 22,705 metres now
completed and a further 206 holes for approximately 21,248 metres planned.
• The Theia Deeps diamond drilling program is also continuing, with assays pending for seven
holes representing 4,227 metres of drilling.
Astral Resources’ Managing Director Marc Ducler said:
“These latest results from the Theia in-fill RC program continue to validate our geological and Mineral
Resource models within the proposed Stage 1 open pit, while also reinforcing the high-grade nature of
the highly altered zones within the host granite.
“Importantly, we are continuing to see substantial widths of mineralisation together with discrete high-
grade zones, with standout results including 7m at 10.4g/t Au, 13m at 5.0g/t Au, 4m at 13.5g/t Au
and 11m at 4.0g/t Au in addition to numerous other significant intercepts. The average weighted
grade of 1.54g/t Au across this latest batch of assays gives us further confidence that the current
program is not only delivering on but exceeding expectations.
“Additionally, drill-hole AMRCD374, which was collared inside the proposed Theia Stage 1 pit as part
of the Theia Deeps program has delivered impressive high-grade results.
“Although the hole was terminated before reaching its intended Thea Deeps target due to excessive
deviation, it intersected multiple high-grade zones including 1m at 219g/t Au, 3m at 15.4g/t Au and
13m at 2.29g/t Au, as well as a host of other mineralised intercepts. In all, the 319-metre hole delivered
426.5 gram x metres1
of mineralisation along the hole length, further reinforcing the high-grade
opportunity the early stages of Theia represent.
1 - gram x metres is defined as the length of the reported intersection multiplied by the grade of the reported intersection.
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“The Stage 1 in-fill program is ongoing with 225 holes for 22,705 metres completed to date and a further
206 holes for 21,248 metres planned. The Theia Deeps diamond drill program is also ongoing, with
assay results pending for seven holes for 4,227 metres.
“Meanwhile, heritage surveys for Kamperman (Feysville) and at the Spiders (part of the Wattle Dam
complex at Spargoville) have also been completed with the preliminary report pending. Once received,
this will allow the re-commencement of exploration programs at both areas.”
Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results for the
next 41 holes (4,456m) of an ongoing Reverse Circulation (RC) drilling program designed to in-fill the
Stage 1 open pit at the cornerstone Theia Deposit, part of the 100%-owned Mandilla Gold Project
(Mandilla), 70km south of Kalgoorlie in Western Australia (Figure 1).
The program is designed to support the conversion of Stage 1 Mineral Resources to the Measured
category, increasing confidence in the early mine plan and providing a key de-risking milestone for the
Mandilla Gold Project Definitive Feasibility Study and project financing. Results received to date
continue to validate both the geological interpretation and the existing Mineral Resource model.
This announcement also reports the assay results for a single RC hole with a diamond tail (RCD). This
318.9-metre RCD hole was originally planned as part of the Theia Deeps program, but was terminated
before target depth due to excessive deviation.
Figure 1 – Map illustrating the location of the Mandilla, Spargoville and Feysville Gold Projects.
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THEIA IN-FILL DRILLING UPDATE
The Theia Deposit hosts a Mineral Resource Estimate (MRE) of 41.0Mt at 1.1g/t Au for 1.4Moz of
contained gold2
.
In the production case outlined in the Mandilla Pre-Feasibility Study (Mandilla PFS), Theia contributes
1.1Moz or approximately 75% of the 1.48Moz total.
The Mandilla PFS contemplated five stages of Theia open pit development.
The Stage 1 open pit encompasses 4.2Mt at 1.1g/t Au for 146,000 ounces of contained gold over
the first 21 months of the project with a strip ratio of 4:1. The proposed Stage 2 open pit totals 1.9Mt at
0.9g/t Au for 54,000 ounces of contained gold at strip ratio of 5.1:1.
Astral is continuing to de-risk the development of the Mandilla Gold Project with an ongoing program of
in-fill drilling at Theia.
An isometric view showing the drill-hole collar locations of the completed holes from the Theia Stage 1
in-fill program as well as RCD hole AMRCD374 is shown in Figure 2.
Figure 2 – Isometric view of the Theia Deposit showing the MRE block model, the drill traces for the ongoing Stage
1 in-fill RC program and the cross-section locations
Best results from the latest batch of assays for the Stage 1 in-fill program include:
• 4m at 13.5g/t Au from 106m including 1m at 45.7g/t Au from 107m (AMRC410)
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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• 15m at 2.05g/t Au from 57m including 1m at 14.4g/t Au from 69m (AMRC415)
• 10m at 1.91g/t Au from 86m (AMRC416)
• 14m at 1.30g/t Au from 83m (AMRC419)
• 15m at 2.01g/t Au from 102m including 1m at 11.0g/t Au from 105m (AMRC420)
• 4m at 2.65g/t Au from 116m (AMRC421)
• 10m at 1.08g/t Au from 22m, 13m at 5.00g/t Au from 36m including 1m at 36.8g/t Au from 41m
and 1m at 19.0g/t Au from 46m (AMRC431)
• 1m at 43.0g/t Au from 15m and 5m at 1.69g/t Au from 83m (AMRC433)
• 9m at 1.64g/t Au from 11m and 5m at 1.03g/t Au from 83m (AMRC435)
• 10m at 1.78g/t Au from 77m (AMRC436)
• 14m at 1.21g/t Au from 96m and 4m at 1.64g/t Au from 123m (AMRC438)
• 10m at 1.12g/t Au from 25m, 17m at 0.97g/t Au from 40m, 6m at 1.82g/t Au from 64m and 4m at
1.58g/t Au from 80m (AMRC443)
• 11m at 4.00g/t Au from 34m including 1m at 24.6g/t Au from 42m and 1m at 24.7g/t Au from 107m
(AMRC444)
• 1m at 11.6g/t Au from 86m and 13m at 1.63g/t Au from 105m (AMRC445)
• 1m at 1.09g/t Au from 75m, 23m at 1.05g/t Au from 102m and 7m at 10.4g/t Au from 133m,
including 1m at 53.0g/t Au from 133m and 1m at 17.8g/t Au from 139m (AMRC446)
Cross-section B-B’, as located in the above isometric view, is shown below in Figure 3.
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Figure 3 – Cross-section B-B’ view of the Theia Deposit showing the drill trace and assay results for the current in-
fill RC drilling (please note - previous drillholes are not drawn with reported assay intervals).
The weighted average grade of all the Stage 1 in-fill intercepts reported in this announcement is 1.54g/t
Au which is well above the MRE grade for the Stage 1 pit of 1.1g/t Au.
This is consistent with previous in-fill program results which have averaged 1.93g/t Au (ASX
Announcement 2 December 2025), 1.41g/t Au (ASX Announcement 9 July 2026) and 1.24g/t Au (ASX
Announcement 23 July 2026).
Mineralisation encountered to date remains consistent with the established Theia geological model,
with gold hosted within broad, continuous corridors of shallow south-west dipping quartz-sulphide
veining developed within the host monzonite.
DRILL HOLE AMRCD374
RCD hole AMRCD374, which was collared inside the proposed Stage 1 open pit, was designed as part
of the Theia Deeps program.
However, the hole was terminated at 318.9 metres, well before the target depth, due to excessive
deviation.
Best results for AMRCD374 include:
• 1m at 15.2g/t Au from 12m
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• 1m at 219g/t Au from 25m
• 5m at 2.97g/t Au from 47m including 1m at 11.0g/t Au from 51m
• 13m at 2.29g/t Au from 62m including 1m at 21.8g/t Au from 74m
• 19m at 1.07g/t Au from 82m
• 15m at 1.40g/t Au from 109m including 1m at 11.2g/t Au from 109m
• 3m at 15.4g/t Au from 141m including 0.3m at 122g/t Au from 143.01m
• 5.45m at 1.08g/t Au from 184m including 0.3m at 11.5g/t Au from 189.15m
• 3.35m at 5.86g/t Au from 229m including 0.3m at 60.4g/t Au from 232.05m
• 8m at 0.81g/t Au from 243m
• 11.52m at 1.20g/t Au from 259.55m
Cross-section A-A’, as located in Figure 2, is shown below in Figure 4.
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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Figure 4 – Cross-section A-A’ view of the Theia Deposit showing the drill trace and assay results for AMRCD374.
(please note - previous drillholes are not drawn with reported assay intervals).
In total, three RCD holes targeting additional gold mineralisation beneath the base of the Mineral
Resource shell have been completed from this one drill pad location, AMRCD264 (ASX Announcement
29 June 2026), AMRCD374 (this announcement) and AMRCD424 (assays pending).
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AMRCD374 was collared central to the Stage 1 PFS pit design. The DD hole returned several zones
of very-high-grade gold mineralisation, with a cumulative gram x metre result of 426.5, supporting the
current mineralisation interpretation in an area where the Resource is currently drilled to Measured
category.
Outside of the proposed Stage 1 pit shell, the hole encountered a zone of reduced dilation, restricting
the amount a quartz veins able to propagate. This periodicity of quartz veins within Theia is well
documented and further drilling will support future mineralisation models. AMRCD374 was terminated
at 318.9m due to hole deviation from target.
Drill hole AMRCD424, which is also shown in Figure 4, was completed as part of the Theia Deeps
program.
Assays are pending; however, logging of the diamond core appears to comply well with the April 2026
MRE with quartz veining (right of trace) and logged visible gold (left of trace) aligning with the Indicated
and Inferred Mineral Resources. Quartz veining and visible gold are also logged beneath the base of
the Resource shell, demonstrating the potential for additional Mineral Resources at depth.
CURRENT AND FUTURE EXPLORATION WORK PROGRAMS
Exploration is ongoing at Theia with two drill rigs currently operating.
The in-fill RC drilling program at the proposed Stage 1 open pit is ongoing with 225 holes for 22,705
metres completed of the 431-hole (44,400m) program.
The Theia Deeps diamond drilling program is also ongoing, with 14 holes of the expanded 21-hole
(11,000m) program completed. Assay results are pending for five holes for 3,041 metres.
Heritage surveys for the Kamperman Deposit (Feysville) and the Spiders complex (Spargoville) have
been completed. As soon as the preliminary reports are received, exploration programs will re-
commence at both projects.
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 gold3
for the Mandilla Gold Project.
3
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 grinding4,5
.
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 billion6
. At a A$6,000 gold price,
the NPV8 increases to $2.7 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).
The Company is currently progressing a Definitive Feasibility Study for Mandilla (Mandilla DFS). The
Mandilla DFS is forecast for completion during the March Quarter 2027, with the projected timing reliant
on receiving the necessary consents under the Mineral Rights Agreement and the completion of native
title heritage surveys, both of which are required for the subsequent finalisation of site layouts and
submission of approval documentation.
Simultaneously, the Company is pursuing an early mining opportunity at the Think Big deposit at
Feysville, which could produce cash flow during the June Quarter 2027.
A map of Mandilla illustrating both the local area geology and mineral deposits is set out in Figure 4.
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.”
6
Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)
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Figure 5 – Map of Mandilla Gold Project on local area geology.
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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
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)
Mandilla1
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.
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.
15
astralresources.com.au ASX: AAR |
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.
S
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