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Astral Resources Advances Mandilla Gold Study and Drilling as Cash Reserves Surge

Story Highlights
  • Astral intensified drilling and feasibility work at Mandilla and Feysville, advancing key open-pit gold deposits and permitting.
  • The company strengthened its balance sheet with a major equity raising and option exercises, boosting cash to fund project development.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Astral Resources Advances Mandilla Gold Study and Drilling as Cash Reserves Surge

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

Astral Resources reported a busy December 2025 quarter marked by intensive drilling across its Mandilla and Feysville gold projects, further de-risking and expanding key deposits such as Theia, Hestia, Eos and Kamperman, and progressing the Mandilla Definitive Feasibility Study and permitting work streams. The company signed a development partnership LOI for the Think Big deposit, secured a land use agreement and a key mining licence at Feysville, and materially strengthened its balance sheet through a $65 million placement, option exercises and continued funding from KOMIR for the Lefroy Lithium Project, lifting cash to about $76 million and bolstering its capacity to advance the Mandilla development plan outlined in its high-NPV Preliminary Feasibility Study.

The most recent analyst rating on (AU:AAR) stock is a Hold with a A$0.28 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, Feysville and Spargoville gold projects in Western Australia. Its key assets centre on open-pit gold deposits intended to feed a standalone processing facility, with a strategy aimed at building a long-life, mid-tier gold operation leveraged to high Australian-dollar gold prices.

Average Trading Volume: 3,831,619

Technical Sentiment Signal: Buy

Current Market Cap: A$474.8M

Find detailed analytics on AAR stock on TipRanks’ Stock Analysis page.

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