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Astral Resources NL ( (AU:AAR) ) has shared an announcement.
Astral Resources NL has successfully raised approximately A$65 million through a two-tranche share placement, receiving strong support from both existing and new institutional investors. The funds will be used to accelerate exploration and evaluation activities at its gold projects, particularly the Mandilla Gold Project, which is expected to reach a Final Investment Decision following the completion of a Definitive Feasibility Study in June 2026. This strategic financial move positions Astral Resources to advance its project financing discussions and progress towards becoming a leading gold producer in the Kalgoorlie region.
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 a company operating in the gold mining industry, focusing on the exploration and development of gold projects. Its primary projects include the Mandilla, Feysville, and Spargoville Gold Projects located south of Kalgoorlie in Western Australia. The company is working towards becoming a significant player in the gold production market, particularly in the Kalgoorlie region.
Average Trading Volume: 4,087,862
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$324.5M
Find detailed analytics on AAR stock on TipRanks’ Stock Analysis page.