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Astral Resources NL (ASX:AAR)

ALERT: Price-sensitive ASX Announcement for AAR
Current share price for AAR : $0.195 0.03 (18.18%)+
Announcement
Release
18 Aug 2026 8:14AM
Price at Release
$0.165
Full Release
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Summary
Astral Resources NL announced that its subsidiary, Mandilla Gold Pty Ltd, has executed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group. This agreement, covering key tenements at the Mandilla Gold Project, outlines protocols for heritage surveys, protection of identified sites, and clearance procedures to facilitate mining activities. It aims to foster cooperation and mutual respect between Astral and the Marlinyu Ghoorlie People, ensuring minimal impact on heritage sites, while providing opportunities for participation and compensation for affected native title rights. This agreement supports Astral's ongoing Mandilla Definitive Feasibility Study, which is scheduled for completion by March 2027.
Key Points
  • Astral's subsidiary, Mandilla Gold Pty Ltd, signed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group.
  • The agreement covers the Mandilla and Spargoville tenements, 70km south of Kalgoorlie, and outlines protocols for heritage surveys and mining activity clearances.
  • The agreement aims to protect heritage sites and provides the Marlinyu Ghoorlie People opportunities to participate in project activities.
  • Compensation benefits are provided for impacts on native title due to project rights and mining activities.
  • It facilitates ongoing engagement between Astral and Marlinyu Ghoorlie, promoting goodwill and mutual respect.
  • All tenements involved in the Mandilla Definitive Feasibility Study (DFS) are now covered by Land Use Agreements.
  • A Definitive Feasibility Study for Mandilla is underway, scheduled for completion in the March quarter of 2027.
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.