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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$367.28M | 11.05 | 13.71% | 3.30% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$627.30M | -34.42 | -11.99% | ― | ― | 1.60% | |
55 Neutral | AU$515.55M | -55.38 | -3.24% | ― | ― | 30.85% | |
52 Neutral | AU$495.29M | -119.57 | -4.34% | ― | ― | 28.13% | |
50 Neutral | AU$1.27B | -63.83 | -183.07% | ― | ― | 70.81% | |
45 Neutral | AU$391.43M | -4.10 | -42.80% | ― | 3078.36% | -93.66% |
Astral Resources NL Corporate Events
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.
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.