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Astral Resources NL (ASX:AAR)

ALERT: Price-sensitive ASX Announcement for AAR
Current share price for AAR : $0.195 0.035 (21.88%)+
Announcement
Release
15 May 2026 8:38AM
Price at Release
$0.160
Full Release
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Summary
Astral Resources NL has announced significant gold mineralisation extensions at the Theia deposit, part of the Mandilla Gold Project in Western Australia. The company's ongoing diamond drilling program has extended the mineralisation by 210 vertical metres below the current Mineral Resource Estimate (MRE), indicating a substantial increase in potential resource size. The first hole of a planned nine-hole program, AMRCD263, reported a 358.23m intersection at 1.03 g/t Au, with several higher-grade zones. This discovery highlights the potential for further expansion of the Theia gold system and reinforces the deposit's economic viability, as it shows significant mineralisation outside the existing 1.4Moz MRE. The program continues with further drilling and geological analysis to expand the resource base.
Key Points
  • Astral Resources extends Theia mineralisation by 210 vertical metres.
  • First hole AMRCD263 intersects 358.23m at 1.03 g/t Au with higher-grade zones.
  • The mineralisation largely outside the existing 1.4Moz MRE.
  • Drilling program aims to expand Theia's resource base.
  • Geological logging shows high indicators of economic gold.
  • Program includes nine-hole deep diamond drilling 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.