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Astral Resources NL (ASX:AAR)

ALERT: Price-sensitive ASX Announcement for AAR
Current share price for AAR : $0.125 -0.035 (-21.88%)+
Announcement
Release
5 May 2026 9:24AM
Price at Release
$0.160
Full Release
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Summary
Astral Resources NL has made significant progress in the exploration and development of the Mandilla Gold Project and the Spargoville Gold Project. At Mandilla, diamond drilling is underway to explore depth extensions of the Theia deposit, with promising visual indications of gold mineralization. The company has also acquired the Mandilla Homestead to simplify future project approvals. At Spargoville, positive assay results from the 5B Deposit have been reported, including high-grade gold intervals. The projects are part of a broader strategy to expand the resource base and establish sustainable operations.
Key Points
  • Diamond drilling at Theia deposit indicates potential depth extensions.
  • Mandilla Homestead purchased for $850,000 to ease project approvals.
  • Positive assay results from Spargoville's 5B Deposit, including high-grade gold.
  • Mandilla Definitive Feasibility Study includes ongoing reverse circulation drilling.
  • Spargoville 5B Deposit hosts an inferred resource of 5,000 ounces of gold.
  • Astral Resources aims to finalize infrastructure and heritage clearances at Mandilla.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.