Astral Resources NL ( (AU:AAR) ) has provided an announcement.
Astral Resources NL has reported an updated Mineral Resource Estimate for its Mandilla Gold Project, now containing 1.43 million ounces of gold. The company has also completed extensive drilling programs at both the Mandilla and Feysville Gold Projects, with promising assay results. Additionally, Astral has moved forward with the acquisition of Maximus Resources Limited, having acquired over 90% of its shares and proceeding with compulsory acquisition, which is expected to conclude in early May. This strategic acquisition is poised to enhance Astral’s market position and expand its resource base.
More about Astral Resources NL
Astral Resources NL is a company operating in the mining industry, focusing on gold exploration and development. The company is involved in projects such as the Mandilla Gold Project and the Feysville Gold Project, both located in Western Australia, a region known for its significant gold deposits.
YTD Price Performance: 12.14%
Average Trading Volume: 2,572,869
Technical Sentiment Signal: Sell
Current Market Cap: A$220.3M
For a thorough assessment of AAR stock, go to TipRanks’ Stock Analysis page.