Astral Resources advances Mandilla drilling and posts high-grade Spargoville results

Astral Resources NL ( (AU:AAR) ) has provided an update.

Astral Resources has reported an encouraging start to deep diamond drilling at the Theia deposit within its Mandilla Gold Project, where two of six planned holes have been extended beyond target depth and have intersected significant quartz veining and visible gold well below the current mineral resource shell. The company is also progressing infill reverse-circulation drilling for its Definitive Feasibility Study and has agreed to buy the nearby Mandilla Homestead to streamline approvals by removing potential residential constraints.

At its 100%-owned Spargoville Gold Project, Astral has returned strong high-grade reverse-circulation drill results from the 5B deposit, confirming and infilling historical mineralisation and indicating a distinct high-grade zone at a key geological contact. These results will feed into a reinterpretation of mineralised wireframes and a planned update to the Spargoville mineral resource, which may support the case for early open-pit mining and optimisation of waste landform and tailings dam designs around the broader Mandilla development.

The most recent analyst rating on (AU:AAR) stock is a Buy with a A$1.20 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 focused on advancing its Mandilla and Spargoville gold projects in Western Australia. The company is progressing the Theia deposit at Mandilla towards feasibility while also evaluating satellite deposits such as Spargoville’s 5B to potentially enhance future mining inventories and project economics.

Average Trading Volume: 6,156,923

Technical Sentiment Signal: Hold

Current Market Cap: A$297.2M

For a thorough assessment of AAR stock, go to TipRanks’ Stock Analysis page.