tiprankstipranks
Trending News
More News >

Astral Resources Unveils Promising Pre-Feasibility Study for Mandilla Gold Project

Story Highlights
  • Astral Resources focuses on gold mining, developing the Mandilla Gold Project.
  • The Mandilla project promises 1.4M ounces over 19 years, boosting Astral’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Astral Resources Unveils Promising Pre-Feasibility Study for Mandilla Gold Project

Don’t Miss TipRanks’ Half-Year Sale

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

Astral Resources NL has announced the results of a Pre-Feasibility Study (PFS) for its Mandilla Gold Project, highlighting it as a significant development opportunity in a premier mining region. The study outlines a robust economic proposition with a life-of-mine production target of 1.4 million ounces of gold over 19 years, generating substantial pre-tax free cash flow and revenue. The project is expected to produce an average of 95,000 ounces of gold annually for the first 12 years, with a rapid payback period, positioning Astral as a mid-tier gold producer. The company is also planning further exploration to enhance resources, aiming to complete a Definitive Feasibility Study by June 2026.

The most recent analyst rating on (AU:AAR) stock is a Buy with a A$0.29 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 development and production of gold resources. The company is primarily engaged in the exploration and development of gold projects, with a significant focus on the Mandilla Gold Project located in the Eastern Goldfields region of Western Australia.

Average Trading Volume: 2,717,763

Technical Sentiment Signal: Buy

Current Market Cap: A$248.2M

For a thorough assessment of AAR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1