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Astral Resources NL ( (AU:AAR) ) has provided an update.
Astral Resources has provided an amended update on exploration and development activities at its Mandilla and Spargoville gold projects, following additional disclosure requirements from the ASX. The company is currently undertaking a six-hole, 3,000-metre diamond drilling program at the Theia deposit within Mandilla, targeting depth extensions up to 200 metres below the current mineral resource estimate limits, with two holes completed and assays expected by June 2026.
Both completed diamond drill holes at Theia were extended beyond target depth and intersected significant quartz veining and visible gold up to 360 metres beneath the existing open pit shell, which the company notes has historically correlated strongly with gold mineralisation. Astral has also purchased the nearby Mandilla Homestead freehold land for $850,000 to streamline future approvals and continues reverse circulation drilling to in-fill the Stage 1 open pit as part of the Mandilla Definitive Feasibility Study.
At the Spargoville Gold Project’s 5B deposit, Astral reported strong reverse circulation drill assays from a 12-hole, 1,517-metre program completed in February 2026, including multiple high-grade gold intercepts over mineable widths. The program was designed to confirm historical drilling and refine the current inferred mineral resource of 40kt at 4.2g/t gold for 5,000 ounces, supporting the potential for future resource upgrades and enhancing the project’s development optionality for stakeholders.
The most recent analyst rating on (AU:AAR) stock is a Buy with a A$0.45 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 an Australian gold exploration and development company listed on the ASX and based in South Perth, Western Australia. Its key assets include the Mandilla Gold Project near Kalgoorlie and the Spargoville Gold Project, where it is advancing resource growth and de-risking future production options.
Average Trading Volume: 6,362,694
Technical Sentiment Signal: Hold
Current Market Cap: A$288.2M
For a thorough assessment of AAR stock, go to TipRanks’ Stock Analysis page.