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Astral Resources NL ( (AU:AAR) ) has issued an announcement.
Astral Resources NL has announced an increase in its group gold mineral resource to 1.76 million ounces following the inclusion of the Spargoville Gold Project, acquired through the takeover of Maximus Resources. The restated Mineral Resource Estimate for Spargoville reflects updated revenue and cost assumptions, resulting in a decrease in contained metal compared to previous estimates. This strategic acquisition not only enhances Astral’s gold resource portfolio but also provides operational efficiencies and development opportunities for the Theia deposit, aligning with the company’s growth objectives.
More about Astral Resources NL
Astral Resources NL operates in the gold mining industry, focusing on the exploration and development of gold mineral resources. The company is primarily engaged in projects located in Western Australia, including the Mandilla, Feysville, and Spargoville Gold Projects, with a market focus on expanding its gold resource base and optimizing mining operations.
Average Trading Volume: 2,560,466
Technical Sentiment Signal: Buy
Current Market Cap: A$212.6M
Learn more about AAR stock on TipRanks’ Stock Analysis page.