Astral Resources NL (ASX: AAR) (Astral or the Firm) is happy to report on its actions in the course of the quarter ended 31 March 2024 (the Quarter).
HIGHLIGHTS
Mandilla Gold Venture – close to Kalgoorlie, WA
- Assays outcomes reported for the ultimate three holes of the six-hole/1,832 metre Theia diamond drilling (DD) program accomplished throughout November 1.
- The Theia DD program was concentrating on extensional and in-fill mineralisation on the Theia deposit.
- Planning underway for additional drilling applications and graduation of Mandilla Pre-Feasibility Research.
Feysville Gold Venture – close to Kalgoorlie, WA
- Assay outcomes reported for the three-hole/495 metre DD program accomplished on the Kamperman prospect in the course of the earlier Quarter 2.
- A complete of 4,924 metres of drilling accomplished in the course of the Quarter, inclusive of:
- oA 67-hole/2,248 metre regional air-core (AC) Program on prospecting licences P26/4351-4353;
- oA three-hole/217 metre slimline reverse circulation (RC) program on the Kamperman Prospect; and
- oA 19-hole/2,459 metre RC program on the Kamperman Prospect.
- Assay outcomes from the AC Program and slimline RC Program reported in the course of the Quarter 3.
- Assay outcomes from the Kamperman RC Program reported throughout and subsequent to the top of the Quarter 4, 5.
Company
- Money of roughly $0.62 million as at 31 March 2024.
- Mr Mark Connelly elected Chair following the resignation of Mr Leigh Warnick as Director.
- Share placement of 140 million shares at $0.05 per share to boost $7 million (earlier than prices) introduced on 28 March 2024 (Placement), with funds obtained after Quarter’s finish.
- Administrators of the Firm subscribed for an extra 2.1 million shares at $0.05 per share, topic to the approval of shareholders at a gathering to be held on 20 Might 2024 (Director Participation Shares).
- Astral is now well-funded to pursue its varied exploration applications and begin the Mandilla Pre-Feasibility Research.
Determine 1 – Venture Location Map
MANDILLA GOLD PROJECT
The Mandilla Gold Venture (Mandilla) is located within the northern Widgiemooltha greenstone belt, roughly 70 kilometres south of the numerous mining centre of Kalgoorlie, Western Australia (Determine 1).
Mandilla is roofed by present Mining Leases which aren’t topic to any third-party royalties aside from the usual WA Authorities gold royalty.
The Mandilla Gold Venture consists of the Theia, Iris, Eos and Hestia deposits.
Gold mineralisation at Theia and Iris is comprised of structurally managed quartz vein arrays and hydrothermal alteration near the western margin of the Emu Rocks Granite and domestically in touch with sediments of the Spargoville Group.
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