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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -140.81K | -140.81K | -102.34K | -101.82K | -90.41K | -77.58K |
| EBITDA | -2.49M | -2.49M | -1.95M | -3.61M | -2.26M | -3.59M |
| Net Income | -1.30M | -2.64M | -2.58M | -3.71M | -2.35M | -3.67M |
Balance Sheet | ||||||
| Total Assets | 91.88M | 91.88M | 35.54M | 27.01M | 22.82M | 23.25M |
| Cash, Cash Equivalents and Short-Term Investments | 18.60M | 18.60M | 5.77M | 1.32M | 3.18M | 9.81M |
| Total Debt | 124.67K | 124.67K | 119.81K | 50.52K | 117.07K | 63.96K |
| Total Liabilities | 4.49M | 4.49M | 1.03M | 1.50M | 2.00M | 693.86K |
| Stockholders Equity | 87.39M | 87.39M | 34.51M | 25.50M | 20.82M | 22.56M |
Cash Flow | ||||||
| Free Cash Flow | -1.21M | -2.36M | -6.59M | -9.11M | -6.57M | -6.80M |
| Operating Cash Flow | -1.20M | -2.29M | -1.53M | -1.86M | -919.32K | -1.23M |
| Investing Cash Flow | -8.52M | -8.52M | -5.04M | -7.18M | -5.63M | -5.21M |
| Financing Cash Flow | 23.65M | 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$317.43M | 9.55 | 13.71% | 3.30% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$474.76M | -117.39 | -4.34% | ― | ― | 28.13% | |
55 Neutral | AU$534.60M | -63.85 | -3.24% | ― | ― | 30.85% | |
52 Neutral | AU$965.66M | -69.15 | -183.07% | ― | ― | 70.81% | |
51 Neutral | AU$371.34M | -4.21 | -42.80% | ― | 3078.36% | -93.66% | |
49 Neutral | €513.73M | -34.09 | -11.99% | ― | ― | 1.60% |
Astral Resources NL Corporate Events
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.
Astral Resources NL has announced the completion of Tranche 1 of its two-tranche placement, successfully raising $63.3 million from institutional, professional, and sophisticated investors through the issuance of 316.5 million shares priced at $0.20 each. This capital raise supports Astral Resources’ growth and operational plans, marking a significant step in advancing its strategic objectives and potentially strengthening its position within the mining and exploration industry.
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.
Astral Resources NL has officially applied for the quotation of 316.5 million fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This aligns with its strategic efforts to bolster capital and support exploration activities, signaling a step forward in strengthening its portfolio and operational capabilities in the resource sector.
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.
Astral Resources NL has successfully raised approximately A$65 million through a two-tranche share placement, receiving strong support from both existing and new institutional investors. The funds will be used to accelerate exploration and evaluation activities at its gold projects, particularly the Mandilla Gold Project, which is expected to reach a Final Investment Decision following the completion of a Definitive Feasibility Study in June 2026. This strategic financial move positions Astral Resources to advance its project financing discussions and progress towards becoming a leading gold producer in the Kalgoorlie region.
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.
Astral Resources NL has completed a 99-hole in-fill drilling program at the Theia Deposit within its Mandilla Gold Project, yielding high-grade assay results that confirm the geological interpretation and potential of the Stage 1 starter pit. The drilling program, which averaged 52.2 gram x metres per hole and 1.93g/t Au across all reported intervals, aims to de-risk the Theia Stage 1 starter pit and enhance the project’s feasibility. The results, including significant gold intersections, bolster Astral’s position in the gold mining sector and provide a positive outlook for stakeholders as the company progresses with further exploration and feasibility studies.
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.
Astral Resources NL has announced a change in the director’s interest notice, with Marc Ducler acquiring additional ordinary shares and performance rights. This change reflects the issuance of shares in lieu of a cash award and performance rights under the Employee Incentive Plan, indicating a strategic move to align management interests with company performance.
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.
Astral Resources NL has issued 640,161 fully paid ordinary shares to its Managing Director as part of a short-term incentive plan, replacing cash payments with shares valued at $0.155 each. This move, approved at the company’s Annual General Meeting, aligns with regulatory compliance and aims to strengthen the company’s financial strategy by leveraging equity incentives.
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.
Astral Resources NL has announced the issuance of 2,121,212 performance rights under an employee incentive scheme. These unquoted securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions end, potentially impacting employee retention and motivation strategies.
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.
Astral Resources NL has announced the quotation of 640,161 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code AAR. This move is part of a previously announced transaction, and it signifies the company’s ongoing efforts to enhance its market presence and operational capabilities.
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.
Astral Resources NL announced the results of its Annual General Meeting held on 20 November 2025, where all proposed resolutions were successfully carried. The resolutions included the re-election of a director, renewal of the employee incentive plan, issuance of shares and performance rights to key personnel, and approval of a 10% placement facility. These approvals are expected to support the company’s strategic initiatives and enhance its operational capabilities.
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.
Astral Resources has announced significant results from its in-fill drilling program at the Theia Deposit, part of the Mandilla Gold Project. The drilling has confirmed multiple zones of high-grade gold mineralization, with notable intercepts that reinforce the potential profitability of the Theia Stage 1 open pit. Additionally, a new high-grade target has been discovered west of Theia, indicating further exploration potential. These developments are expected to enhance Astral’s market position and provide substantial returns for stakeholders.
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.
Astral Resources NL announced a change in the director’s interest, with Mark Connelly acquiring 2,280,701 ordinary shares and disposing of 4,000,000 unquoted options. This transaction was conducted through a cashless exercise facility, reflecting a strategic adjustment in the director’s holdings, potentially impacting the company’s stock dynamics and investor perceptions.
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.
Astral Resources NL has made significant progress in its gold exploration and development activities during the quarter ending September 2025. The company completed extensive drilling across its Mandilla, Feysville, and Spargoville projects, with promising assay results reported. Key developments include a Letter of Intent for a joint venture at the Feysville project and strategic appointments to advance the Mandilla Project’s Definitive Feasibility Study. These efforts underscore Astral’s commitment to enhancing its operational readiness and expanding its gold production capabilities, potentially increasing its market value and stakeholder interest.
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.
Astral Resources NL has announced the cessation of 1,719,299 securities, specifically options that were set to expire on various dates and at various prices, as of October 28, 2025. This cessation of securities may impact the company’s capital structure and could have implications for its stakeholders, potentially affecting market perceptions and investor relations.
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.
Astral Resources NL has announced the quotation of 2,280,701 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of the company’s ongoing efforts to enhance its capital structure, potentially impacting its market positioning by increasing liquidity and providing additional resources for its exploration and development projects.
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.
Astral Resources NL has made key appointments to advance its Mandilla Gold Project towards development and operations. The company has appointed Jed Whitford as Chief Operating Officer and Mathew Wilson as General Manager for Mandilla, both bringing extensive experience in mining operations. GR Engineering Services has been selected to conduct the Definitive Feasibility Study (DFS) for the project, with Taylor Collison appointed as a debt advisor to assist with financing. The DFS is expected to be completed by mid-2026, with a Final Investment Decision targeted for the September 2026 quarter, aiming for first gold production by the end of 2027.
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.
Astral Resources NL has announced the quotation of 537,896 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code AAR, effective October 27, 2025. This move is part of the company’s strategy to enhance its market presence and provide liquidity for its stakeholders, potentially impacting its operational dynamics and industry positioning.
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.
Astral Resources NL announced the issuance of 5,968,788 performance rights under an employee incentive scheme, which are unquoted and subject to transfer restrictions. This move is likely aimed at motivating and retaining key personnel, potentially enhancing the company’s operational efficiency and aligning employee interests with corporate goals.
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.
Astral Resources NL announced the issuance of 5,968,786 unquoted performance rights to eligible employees under its Employee Incentive Plan. These performance rights are tied to specific vesting conditions, including growth in mineral resource estimates, investment decisions, construction milestones, share price performance, and ESG reporting. This initiative is designed to align employee incentives with the company’s strategic goals, potentially impacting its operational efficiency and market positioning.
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.
Astral Resources NL has announced the issuance of 1,572,414 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions until the restriction period ends, indicating a strategic move to incentivize employees and align their interests with the company’s future performance.
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.
Astral Resources NL has announced the quotation of 6,242,394 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 24, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing operations, potentially impacting its market positioning and offering new opportunities for stakeholders.
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.
Astral Resources NL has signed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claim Group for its Feysville Gold Project, which includes the Think Big Gold deposit. This agreement facilitates mining activities by establishing protocols for heritage surveys and site protection, and it paves the way for a Mining Lease grant. The agreement is part of a broader development strategy involving a joint venture with Mineral Mining Services Pty Ltd, which will fully fund the Think Big project’s development costs. This initiative aims to accelerate gold production and generate early cash flow, supporting the development of Astral’s flagship Mandilla Gold Project.
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.
Astral Resources NL has announced the issuance of 12,964,730 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to leverage convertible securities, potentially impacting its market position by increasing its capital base and providing opportunities for growth and expansion.
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.
Astral Resources has announced significant results from its in-fill drilling program at the Theia Deposit, part of the Mandilla Gold Project. The latest assay results from 16 reverse circulation holes reveal high-grade gold intersections, reinforcing the potential for a profitable starter pit. The completion of this in-fill program sets the stage for a diamond drill program targeting high-grade structures within the Theia deposit. Additionally, Astral is pursuing a Letter of Intent to monetize its Think Big deposit at Feysville, providing a potential funding pathway for Mandilla’s development. These developments underscore Astral’s strategic efforts to enhance its resource base and progress towards a final investment decision.
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.
Astral Resources NL has announced a new issuance of 7,097,422 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AAR. This move is part of the company’s strategy to enhance its financial position and potentially expand its operations, signaling a positive development for stakeholders and possibly strengthening its market presence.
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.
Astral Resources NL has announced its Annual General Meeting scheduled for November 20, 2025, in Perth, Western Australia. The company will not be sending physical copies of the meeting notice, instead providing access to materials online. This move aligns with modern digital communication practices and may streamline shareholder engagement.
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.
Astral Resources NL, a company listed on the Australian Securities Exchange under the code AAR, has announced that its Annual General Meeting will be held on November 20, 2025, in Perth, Western Australia. The company will not send physical copies of the meeting notice unless requested, and materials can be accessed online. Shareholders are encouraged to review the meeting documents thoroughly and consult with financial advisors if needed.
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.
Astral Resources NL has signed a Letter of Intent with Mineral Mining Services Pty Ltd to form a joint venture for the development of the Think Big Gold Project, part of the Feysville Gold Project in Western Australia. This partnership allows for a fully-funded development pathway, with MMS covering all initial costs to be recovered from project cash flows. The agreement aims to expedite early gold production, providing Astral with an income stream and potentially reducing the need for external funding for its Mandilla Gold Project. The joint venture structure aligns both parties’ interests for efficient and profitable project execution, supporting Astral’s broader strategic goals.
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.
Astral Resources NL announced the application for quotation of 842,069 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and potentially expand its operational capabilities, which could impact its market positioning and stakeholder interests.
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.
Astral Resources NL has announced the quotation of 1,933,226 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 16, 2025. This move signifies the company’s strategic efforts to enhance its financial flexibility and potentially expand its operational capabilities, which could have significant implications for its stakeholders and market positioning.
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.
Astral Resources NL announced significant results from its in-fill drilling program at the Theia Deposit, part of the Mandilla Gold Project. The results show broad zones of high-grade gold mineralization, reinforcing confidence in the Mineral Resource Estimate. The ongoing 10,000-metre program aims to enhance resource classification and support the project’s progression towards production. The company is also initiating a diamond drill program to explore high-grade structures and an extensional target at depth.
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.
Astral Resources NL has announced the quotation of 774,154 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective October 14, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially increase its market presence, which could have implications for its operational capabilities and stakeholder interests.
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.