Astral Resources NL (AU:AAR)
ASX:AAR
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Astral Resources NL
(Sydney:AAR)
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Rating:47Neutral
Price Target:
AU$0.20
▼(-1.50% Downside)
Action:ReiteratedDate:03/20/26
The score is mainly held back by the pre-revenue profile with ongoing losses and negative cash flow (despite some improvement in FY2025), plus bearish technicals with the price below key moving averages. A strong, low-debt balance sheet partially offsets these risks, but valuation support is limited given negative earnings and no dividend yield data.
Positive Factors
Balance sheet strength
Very low debt and a much larger equity base provide durable financial flexibility for a pre-production explorer. A stronger balance sheet reduces near-term refinancing risk, supports ongoing drilling and studies, and makes the company a more credible JV or buyer target over the next 2–6 months.
Negative Factors
Pre-revenue profile
With no operational revenue, the company has no recurring cash generation; value depends entirely on exploration success or assets sold. This structural absence of sales makes the business dependent on commodity cycles and external financing until projects are monetized or reach production.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low debt and a much larger equity base provide durable financial flexibility for a pre-production explorer. A stronger balance sheet reduces near-term refinancing risk, supports ongoing drilling and studies, and makes the company a more credible JV or buyer target over the next 2–6 months.
Read all positive factors
Astral Resources NL (AAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$360.21M
Dividend YieldN/A
Average Volume (3M)5.16M
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue GrowthN/A
EPS Growth28.13%
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$1.10Price Target Upside450.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Astral Resources NL Business Overview & Revenue Model
Company Description
Astral Resources NL engages in the exploration of gold and base metal projects in Western Australia. The company's principal property is the 100% owned Mandilla gold project located in the northern Widgiemooltha greenstone belt in the western part...
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
Neutral
0.20
Price Trends
0.23
Negative
0.24
Negative
0.21
Negative
Market Momentum
-0.01
Negative
47.67
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AAR, the sentiment is Neutral. The current price of 0.2 is above the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.23, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.67 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$287.53M | 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$515.59M | -30.39 | -3.24% | ― | ― | 30.85% | |
51 Neutral | AU$1.60B | -1.53 | -63.71% | ― | ― | 70.81% | |
47 Neutral | AU$360.21M | -55.21 | -1.74% | ― | ― | 28.13% | |
46 Neutral | AU$531.42M | -15.19 | -8.63% | ― | ― | 1.60% | |
42 Neutral | AU$450.09M | -1.98 | -42.80% | ― | 3078.36% | -93.66% |
* Basic Materials Sector Average
AU:AAR
Astral Resources NL
0.20
0.03
17.65%
AU:AUC
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Astral Resources NL Corporate Events
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...
Astral Resources Releases Interim Financial Report for Half-Year to 31 December 2025
Mar 12, 2026
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&...
Bank of Nova Scotia Exits Substantial Holder Status in Astral Resources
Mar 4, 2026
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 shar...
Bank of Nova Scotia Ceases to Be Substantial Holder in Astral Resources
Mar 3, 2026
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 s...
Astral Resources Director Increases Indirect Shareholding Via Placement Participation
Jan 29, 2026
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 S...
Astral Resources Issues New Shares and Lodges Cleansing Notice After $65m Placement
Jan 28, 2026
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 ap...
Astral Resources Seeks ASX Quotation for 1 Million New Shares
Jan 28, 2026
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, w...
Astral Resources Seeks ASX Quotation for 8.5 Million New Shares
Jan 28, 2026
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 incr...
Astral Resources Shareholders Approve All Resolutions at General Meeting
Jan 23, 2026
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. Shareh...
Astral Resources Unveils High-Grade Gold Hits and Secures Key Mining Licence at WA Projects
Jan 20, 2026
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 cir...
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.