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Astral Resources NL
(Sydney:AAR)
Astral Resources NL (AAR) vs. iShares MSCI Australia ETF (EWA)
Astral Resources NL Business Overview & Revenue Model
Astral Resources NL Financial Statement Overview
| 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
Astral Resources NL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$291.20M | 2.58 | 16.50% | 3.30% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$468.06M | -30.39 | -3.24% | ― | ― | 30.85% | |
51 Neutral | AU$1.66B | -1.53 | -63.71% | ― | ― | 70.81% | |
47 Neutral | AU$315.18M | -55.21 | -1.74% | ― | ― | 28.13% | |
46 Neutral | AU$465.68M | -15.19 | -8.63% | ― | ― | 1.60% | |
43 Neutral | AU$373.22M | -1.98 | -42.80% | ― | 3078.36% | -93.66% |
Astral Resources NL Corporate Events
Astral Resources NL has released its interim financial report for the half-year ended 31 December 2025, covering its consolidated financial performance, cash flows, and changes in equity. The report also includes a review of operations, directors’ and auditor’s reports, and notes to the financial statements, providing stakeholders with an updated view of the company’s financial position and governance over the period.
While detailed figures are not disclosed in the announcement excerpt, the structured release signals continued regulatory compliance and transparency for investors on the ASX. The inclusion of an operations review and independent auditor’s review suggests the company is maintaining standard market reporting practices, giving shareholders a formal framework to assess current performance and future capital and operational needs.
The most recent analyst rating on (AU:AAR) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Astral Resources NL stock, see the AU:AAR Stock Forecast page.
The Bank of Nova Scotia and its controlled entities have ceased to be substantial holders in Astral Resources NL after cutting their position below the relevant ownership threshold. The change in status follows a reduction of 2,000,000 Astral shares managed by 1832 Asset Management L.P. through on-market trades on the ASX, signalling a retreat by a major institutional investor and a shift in the company’s share register composition.
The adjustment in holdings does not reflect any disclosed change in association among related entities, but it may alter the balance of institutional versus other investors on Astral’s register. While no strategic rationale was provided in the filing, the move could influence market perceptions of external institutional support for the stock and may affect liquidity and future investor engagement dynamics.
The most recent analyst rating on (AU:AAR) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Astral Resources NL stock, see the AU:AAR Stock Forecast page.
Astral Resources NL has disclosed that The Bank of Nova Scotia and its controlling entities, previously a substantial holder in the company, have ceased to hold a substantial interest as of 2 March 2026. The change follows a decrease in relevant shares managed by 1832 Asset Management L.P., which executed on-market transactions on the ASX affecting 2 million voting securities, signalling a reduced institutional stake in Astral Resources and a potential shift in its shareholder register.
The notice indicates that no new associates were formed or existing ones altered in relation to this holding change, suggesting the move is primarily a portfolio adjustment rather than a change in corporate alliances. For investors, the exit of a substantial holder may influence perceptions of liquidity and institutional confidence, although ownership appears to have been redistributed through normal market trading rather than through a strategic block transfer.
The most recent analyst rating on (AU:AAR) stock is a Hold 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.
Astral Resources NL has disclosed a change in director David Varcoe’s indirect holdings in the company, reflecting his participation in a previously announced share placement. The transaction, carried out via his spouse and the San Lorenzo Super Fund in which he is a beneficiary, involved the acquisition of 100,000 additional ordinary shares at $0.20 per share, lifting his indirect shareholding position while leaving his options unchanged; the move modestly increases director-aligned ownership and signals ongoing insider support for the company’s capital-raising efforts.
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.
Astral Resources NL has issued 8.5 million new fully paid ordinary shares as the second tranche of a previously announced $65 million capital raising, including director participation, at an issue price of $0.20 per share, following shareholder approval at a 23 January 2026 general meeting. The company has also issued a further 1 million shares upon exercise of unlisted options priced at $0.075, and has lodged a cleansing notice confirming the new securities were issued without a prospectus under the Corporations Act and that it remains compliant with its continuous disclosure and financial reporting obligations, thereby facilitating secondary trading of the new shares and reinforcing transparency for investors.
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.
Astral Resources NL, listed on the ASX under the code AAR, has applied for quotation of an additional 1,000,000 ordinary fully paid shares. The new securities, issued on 27 January 2026 through the exercise or conversion of existing instruments, will expand the company’s quoted capital base and may provide additional liquidity for shareholders once admitted to trading.
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.
Astral Resources NL has applied to the ASX for quotation of 8.5 million new fully paid ordinary shares, to be traded under its existing ticker AAR. The securities, issued on 27 January 2026 pursuant to a previously announced transaction, will increase the company’s quoted share capital and may broaden its investor base and funding flexibility, though the notice provides no further details on the underlying transaction or use of proceeds.
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.
Astral Resources NL reported that all resolutions put to shareholders at its 23 January 2026 General Meeting were passed by poll, including ratification of Tranche 1 placement shares and approval for the issue of Tranche 2 placement shares. Shareholders also approved the issuance of placement shares to key individuals, including David Varcoe, Marc Ducler and Justin Osborne, underscoring strong investor support for the company’s recent capital-raising initiatives and providing a mandate to proceed with its funding and growth plans.
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.
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.
Astral Resources reported a busy December 2025 quarter marked by intensive drilling across its Mandilla and Feysville gold projects, further de-risking and expanding key deposits such as Theia, Hestia, Eos and Kamperman, and progressing the Mandilla Definitive Feasibility Study and permitting work streams. The company signed a development partnership LOI for the Think Big deposit, secured a land use agreement and a key mining licence at Feysville, and materially strengthened its balance sheet through a $65 million placement, option exercises and continued funding from KOMIR for the Lefroy Lithium Project, lifting cash to about $76 million and bolstering its capacity to advance the Mandilla development plan outlined in its high-NPV Preliminary Feasibility Study.
The most recent analyst rating on (AU:AAR) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Astral Resources NL stock, see the AU:AAR Stock Forecast page.
Astral Resources has secured the grant of Mining Lease M26/846 over part of its Feysville Gold Project, covering the Think Big and Rogan Josh deposits, enabling the company to progress an early production opportunity at Think Big. The company plans to promptly seek a separate mining lease for the Kamperman deposit, expected to be finalised by the June 2026 quarter, strengthening Feysville’s role as a satellite ore source to Mandilla, where prefeasibility work has already demonstrated the project’s contribution to a 1.41Moz production target and reinforces Astral’s strategy of building a regional gold operation in the highly endowed Kambalda-Kalgoorlie belt.
The most recent analyst rating on (AU:AAR) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Astral Resources NL stock, see the AU:AAR Stock Forecast page.
Astral Resources NL has called a General Meeting of shareholders to be held as a physical, in-person event on 23 January 2026 in Perth, Western Australia. In line with updated Corporations Act provisions, the company will not mail physical copies of the Notice of Meeting except to those who have specifically elected to receive hard copies, instead directing investors to access meeting materials via its website, ASX announcements page or email, and urging shareholders to review the documentation and seek professional advice if needed before voting.
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.