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Astral Resources NL ( (AU:AAR) ) has issued an announcement.
Astral Resources has reported strong high-grade drilling results from the Kamperman prospect at its Feysville Gold Project and from the Theia deposit at its Mandilla Gold Project, both in Western Australia. At Feysville, assays from 17 reverse circulation holes confirmed previously interpreted high-grade zones, identified new north-west striking high-grade mineralisation not yet included in the Kamperman resource model, and extended mineralisation at depth and in the footwall of the southern lode, highlighting potential for both resource growth and grade increases. The company has also secured the grant of a mining licence over areas of Feysville, a key step toward a mining proposal and a joint venture to develop the Think Big Gold Mine, which is expected to provide early cash flow to support funding of Mandilla’s development. At Mandilla’s Theia deposit, two diamond drilling programs intersected multiple high-grade zones, including very high-grade intervals within the main deposit and along the eastern flank, confirming the presence of discrete, narrow high-grade shear structures and potential additional sub-parallel mineralised zones. Backed by a recent capital raising, Astral has ramped up exploration in 2026 with three drill rigs on site and is progressing a definitive feasibility study for Mandilla ahead of a final investment decision, underscoring an accelerated push toward production and enhanced project economics amid strong gold prices.
The most recent analyst rating on (AU:AAR) stock is a Hold with a A$0.27 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 100%-owned Feysville and Mandilla gold projects in Western Australia. The company is targeting high-grade, near-surface and depth-extensive gold mineralisation to underpin future mining operations, with Mandilla’s Theia deposit positioned as its cornerstone development asset.
Average Trading Volume: 3,841,579
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$438.9M
For an in-depth examination of AAR stock, go to TipRanks’ Overview page.