Astral Resources NL

Consolidated Ore Reserves and Mineral Resources

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Mandilla Gold

Manrope

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.

The 100%-owned Mandilla Gold Project has received an updated JORC 2012 Mineral Resource Estimate (MRE) of 54Mt at 1.0g/t Au for 1.74Moz of contained gold. Combined with the Feysville MRE 

 (5Mt at 1.2g/t Au for 196koz) and Spargoville MRE 

(3Mt at 1.4g/t Au for 139koz), Astral's consolidated Group MRE now stands at 62Mt at 1.1g/t Au for 2.07Moz of contained gold.

- 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. See ASX Announcement 1 November 2024.

- 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.

- Mandilla Project Pre-Feasibility Study – Maiden Ore Reserve (refer to Astral ASX Announcement dated 25 June 2025)

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 Australian 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.