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Astral Resources NL (ASX:AAR)

ALERT: Price-sensitive ASX Announcement for AAR
Current share price for AAR : $0.200 0.06 (42.86%)+
Announcement
Release
27 Jul 2026 8:48AM
Price at Release
$0.140
Full Release
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Summary
The Quarterly Activities and Cashflow Report for Astral Resources NL, covering the quarter ended 30 June 2026, details significant progress in the Mandilla, Feysville, and Spargoville Gold Projects. The Mandilla Project saw the completion of 148 reverse circulation drill holes and continued diamond drilling, with a focus on extending the Theia ore body. The company maintained a cash balance of approximately $65 million. Notably, cash outflows were directed towards exploration and evaluation, stamp duty payments, and operational costs. The Definitive Feasibility Study for Mandilla is on track for completion, with ongoing technical, design, and approval processes. Significant ASX announcements included an increase in mineral resource estimates and high-grade assay results from Theia Stage 1 drilling.
Key Points
  • Mandilla Gold Project progressed with extensive drilling and resource definition.
  • Cash balance as of 30 June 2026 was approximately $65 million.
  • Definitive Feasibility Study for Mandilla is progressing as planned.
  • Quarterly cash outflows were mainly for exploration and evaluation purposes.
  • Theia ore body drilling extended and high-grade assay results reported.
  • No changes reported in issued or unissued capital during the quarter.
  • Acquisition of Mandilla Homestead to facilitate land access and approvals.
  • Significant ASX announcements included increased mineral resources and assay results.
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.