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The latest announcement is out from Astral Resources NL ( (AU:AAR) ).
Astral Resources has reported an updated JORC 2012 Mineral Resource Estimate for its Mandilla Gold Project of 54Mt at 1.0g/t for 1.74Moz of gold, a 22% increase in contained metal from the prior estimate and including a maiden Measured Resource of 57koz at the flagship Theia deposit. Including its Feysville and Spargoville assets, the group-wide resource now totals 2.07Moz, underpinned by close-spaced infill drilling that has validated the geological model, supported ongoing Definitive Feasibility Study mine design work, and prompted evaluation of an underground mining option at Theia as the deposit remains open at depth and gold prices sit well above prior study assumptions.
The most recent analyst rating on (AU:AAR) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Astral Resources NL stock, see the AU:AAR Stock Forecast page.
More about Astral Resources NL
Astral Resources NL is a Western Australian gold explorer and developer focused on advancing its 100%-owned Mandilla Gold Project, located south of Kalgoorlie, alongside its Feysville and Spargoville gold projects. The company is positioning itself as an emerging mid-tier gold producer through resource growth and de-risking studies across its portfolio of JORC-compliant deposits.
Average Trading Volume: 7,256,722
Technical Sentiment Signal: Sell
Current Market Cap: A$351.2M
See more data about AAR stock on TipRanks’ Stock Analysis page.