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Astral Resources NL
(Sydney:AAR)
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Rating:48Neutral
Price Target:
AU$0.13
▼(-7.86% 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
Minimal debt and materially larger equity/assets reduce refinancing and solvency risk, giving the company structural financial flexibility to fund exploration, support farm‑ins or JV negotiations, or withstand commodity cycles. This strengthens runway and strategic optionality over months.
Negative Factors
Pre-revenue profile
Zero reported revenue and recurring operating losses mean the business cannot self‑fund activities from operations. This structural lack of operating income forces dependence on external capital or asset sales until a funded JV or mine development is achieved, extending execution risk across periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Minimal debt and materially larger equity/assets reduce refinancing and solvency risk, giving the company structural financial flexibility to fund exploration, support farm‑ins or JV negotiations, or withstand commodity cycles. This strengthens runway and strategic optionality over months.
Read all positive factors
Astral Resources NL (AAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$234.14M
Dividend YieldN/A
Average Volume (3M)5.16M
Price to Earnings (P/E)―
Beta (1Y)0.94
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 Ratio2.40
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$0.30Price Target Upside114.29% 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 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’s primary economic model is typical of a pre-production gold explorer/developer: it seeks to create value by increasing the size and confidence of mineral resources and progressing projects toward development, with monetisation...
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
Positive
0.14
Price Trends
0.13
Positive
0.15
Negative
0.19
Negative
Market Momentum
<0.01
Negative
60.52
Neutral
86.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AAR, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.52 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$251.85M | 5.71 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$229.86M | -31.58 | -5.27% | ― | ― | 7.64% | |
52 Neutral | AU$189.09M | -29.53 | -26.45% | ― | ― | -3250.00% | |
49 Neutral | AU$289.67M | -0.04 | 10.73% | ― | 78.18% | ― | |
48 Neutral | AU$234.14M | -61.90 | -2.53% | ― | ― | 16.00% | |
45 Neutral | AU$193.44M | -12.24 | -87.62% | ― | -100.00% | -2337.50% |
* Basic Materials Sector Average
AU:AAR
Astral Resources NL
0.15
-0.02
-9.38%
AU:BCN
Beacon Minerals
2.87
1.69
142.81%
AU:TBR
Tribune Resources Limited
4.92
0.41
9.09%
AU:STN
Saturn Metals Ltd.
0.47
0.05
12.86%
AU:BGD
Barton Gold Holdings Limited
0.79
-0.03
-4.27%
AU:VTM
Victory Goldfields Limited
1.61
0.17
11.81%
Astral Resources NL Corporate Events
Astral Resources Flags Mandilla Gold Project Advancing Towards Development
Aug 4, 2026
Astral Resources NL has outlined progress at its Mandilla gold project, describing the operation as advancing towards development and highlighting its strategic importance to the company’s growth plans. The presentation, released to coincide...
Astral Resources lifts Mandilla gold resource as feasibility work advances
Jul 26, 2026
Astral Resources has declared an updated mineral resource estimate at its Mandilla Gold Project of 54Mt at 1.0g/t for 1.74Moz of contained gold, following extensive reverse circulation and diamond drilling aimed at infill and depth extensions. The...
Astral Resources boosts confidence in Mandilla Stage 1 with high-grade in-fill drilling
Jul 22, 2026
Astral Resources has reported high-grade assay results from 56 reverse circulation in-fill drill holes at the Theia deposit within its Mandilla Gold Project, confirming consistent gold mineralisation in the planned Stage 1 open pit. The results su...
Astral Resources Highlights Mandilla Gold Project in Investor Presentation
Jul 14, 2026
Astral Resources has issued an investor presentation outlining the status and ambitions of its Mandilla Gold Project in Western Australia. The company is promoting Mandilla as a potential long-life, high-margin gold operation designed to strengthe...
Astral Resources’ In-fill Drilling Confirms High-Grade Gold at Mandilla’s Theia Deposit
Jul 8, 2026
Astral Resources has reported high-grade assay results from the first 47 reverse circulation in-fill drill holes at the Stage 1 open pit of the Theia deposit within its Mandilla Gold Project, confirming strong continuity of mineralisation. The pro...
Astral Resources Extends Mandilla’s Theia Gold Mineralisation at Depth
Jun 29, 2026
Astral Resources has reported strong diamond drilling results from its expanded deep drilling program at the Theia deposit within the Mandilla Gold Project in Western Australia. Key holes AMRCD259 and AMRCD264 delivered broad intersections of gold...
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...
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.