Astral Resources NL (AU:AAR)
ASX:AAR
Want to see AU:AAR full AI Analyst Report?
Top Page
Astral Resources NL
(Sydney:AAR)
Select Model
Select Model
Rating:48Neutral
Price Target:
AU$0.12
▼(-33.89% Downside)
Action:Reiterated
Date:06/10/26
The score is primarily constrained by weak financial performance (pre-revenue losses and cash burn) and bearish technicals (below key moving averages with negative MACD). Balance sheet strength (minimal debt) provides partial support, while valuation is limited by negative earnings and no dividend data.
Positive Factors
Balance sheet strength
The company shows minimal debt and materially higher equity/assets (equity ~A$87.4m vs ~A$11.5m in FY2020). This capital base provides financial flexibility to fund exploration, pursue JV/farm-in options or withstand extended project timelines without excessive leverage.
Negative Factors
Pre-revenue profile
Being pre-revenue with recurring operating and net losses creates a structural funding dependency: the business cannot self-finance exploration or development and must continually access capital markets or partners, prolonging dilution risk and delaying any path to cash-generative operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
The company shows minimal debt and materially higher equity/assets (equity ~A$87.4m vs ~A$11.5m in FY2020). This capital base provides financial flexibility to fund exploration, pursue JV/farm-in options or withstand extended project timelines without excessive leverage.
Read all positive factors
Astral Resources NL (AAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$225.13M
Dividend YieldN/A
Average Volume (3M)5.16M
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue GrowthN/A
EPS Growth16.00%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,801,045,700
10 Day Avg. Volume5,391,318
30 Day Avg. Volume5,160,205
Financial Highlights & Ratios
PEG Ratio2.39
Price to Book (P/B)2.26
Price to Sales (P/S)0.00
P/FCF Ratio-83.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.83Price Target Upside358.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Astral Resources NL Business Overview & Revenue Model
Company Description
Astral Resources NL is an Australian company primarily engaged in the exploration for gold and various base metal deposits across Western Australia. Its flagship asset is the wholly-owned Mandilla gold project, strategically located within the nor...
How the Company Makes Money
Astral Resources NL is a pre-production mineral explorer/developer; accordingly, it typically does not generate recurring operating revenue from selling products or services. The company’s funding and value realization are generally tied to (i) ra...
Astral Resources NL Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -155.37K | -140.81K | -102.34K | -101.82K | -90.41K | -77.58K |
| EBITDA | -3.20M | -2.49M | -1.95M | -3.61M | -2.26M | -3.59M |
| Net Income | -3.04M | -2.64M | -2.58M | -3.71M | -2.35M | -3.67M |
Balance Sheet | ||||||
| Total Assets | 157.52M | 91.88M | 35.54M | 27.01M | 22.82M | 23.25M |
| Cash, Cash Equivalents and Short-Term Investments | 75.87M | 18.60M | 5.77M | 1.32M | 3.18M | 9.81M |
| Total Debt | 318.60K | 124.67K | 119.81K | 50.52K | 117.07K | 63.96K |
| Total Liabilities | 4.92M | 4.49M | 1.03M | 1.50M | 2.00M | 693.86K |
| Stockholders Equity | 152.60M | 87.39M | 34.51M | 25.50M | 20.82M | 22.56M |
Cash Flow | ||||||
| Free Cash Flow | -2.85M | -2.36M | -6.59M | -9.11M | -6.57M | -6.80M |
| Operating Cash Flow | -2.83M | -2.29M | -1.53M | -1.86M | -919.32K | -1.23M |
| Investing Cash Flow | -12.68M | -8.52M | -5.04M | -7.18M | -5.63M | -5.21M |
| Financing Cash Flow | 66.20M | 23.65M | 11.02M | 7.18M | -85.61K | 12.84M |
Astral Resources NL Technical Analysis
Negative
0.18
Price Trends
0.16
Negative
0.20
Negative
0.21
Negative
Market Momentum
-0.01
Positive
19.60
Positive
34.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AAR, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.16, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 19.60 is Positive, neither overbought nor oversold. The STOCH value of 34.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AAR.
Astral Resources NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$274.41M | 6.20 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$660.87M | -111.06 | -2.31% | ― | ― | 41.89% | |
48 Neutral | AU$225.13M | -59.63 | -2.53% | ― | ― | 16.00% | |
46 Neutral | AU$449.24M | -28.99 | -8.63% | ― | ― | 29.23% | |
42 Neutral | AU$356.83M | -3.09 | -33.09% | ― | 2076.67% | -0.61% | |
41 Neutral | AU$440.06M | -1.26 | -63.71% | ― | ― | -1091.18% |
* Basic Materials Sector Average
AU:AAR
Astral Resources NL
0.13
-0.05
-30.56%
AU:AUC
Ausgold Limited
0.82
0.11
15.49%
AU:TBR
Tribune Resources Limited
5.23
0.33
6.78%
AU:DTR
Dateline Resources Limited
0.12
0.02
15.00%
AU:BTR
Brightstar Resources Limited
0.33
-0.24
-42.98%
AU:WC8
Wildcat Resources Ltd.
0.48
0.35
269.23%
Astral Resources NL Corporate Events
Astral Resources Advances Mandilla and Spargoville Drilling After ASX-Driven Disclosure Update
May 12, 2026
Astral Resources has provided an amended update on exploration and development activities at its Mandilla and Spargoville gold projects, following additional disclosure requirements from the ASX. The company is currently undertaking a six-hole, 3,...
Astral Resources advances Mandilla drilling and posts high-grade Spargoville results
May 5, 2026
Astral Resources has reported an encouraging start to deep diamond drilling at the Theia deposit within its Mandilla Gold Project, where two of six planned holes have been extended beyond target depth and have intersected significant quartz veinin...
Astral boosts Mandilla gold resource to 1.74Moz, eyes underground option
Apr 20, 2026
Astral Resources has reported an updated JORC 2012 Mineral Resource Estimate for its Mandilla Gold Project of 54Mt at 1.0g/t for 1.74Moz of gold, a 22% increase in contained metal from the prior estimate and including a maiden Measured Resource of...
Astral Advances Mandilla DFS as Drilling Drives Growth Across WA Gold Portfolio
Apr 19, 2026
Astral Resources reported a busy March quarter dominated by intensive drilling and study work across its Western Australian gold portfolio, led by over 13,000m of reverse circulation and geotechnical drilling at the Mandilla Gold Project. The comp...
Astral Resources Showcases Mandilla as Cornerstone West Australian Gold Project
Apr 8, 2026
Astral Resources used its Adelaide Gather Round Conference presentation to highlight progress at its Mandilla Gold Project in Western Australia, positioning the asset as a prospective long-life, high-margin gold operation. The company framed Mandi...
Astral boosts high-grade gold potential at Wattle Dam as Mandilla mine studies advance
Mar 24, 2026
Astral Resources has reported significant high-grade gold intersections from a 39-hole reverse-circulation in-fill and extensional drilling program at the Wattle Dam Complex within its Spargoville Gold Project in Western Australia. The results, wh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.