Astral Resources

Primary ticker: ASX:AAR
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Mandilla Gold Project, Feysville Gold Project
Project location: Kalgoorlie Goldfields, Western Australia
Website: astralresources.com.au

Astral Resources is a Western Australian focussed gold exploration and development Company. Our projects (Mandilla and Feysville) are located in the heart of the WA Goldfields. Astral has grown the Mineral Resources to ~ 1.4Moz and has published a robust Scoping Study demonstrating the profitability of Mandilla at conservative gold prices ($2,750AUD). The Company has a strong balance sheet and is advancing exploration at both its projects as well as working on delivering a PFS in the June Quarter 2025.

Cash: AUD $29M
Debt: NIL

Major shareholders:

HSBC Custody Nominees – 11.88%

Simon Braham – 9.19%

Tim Burke – 6.95%
Management Ownership – 3.19%

Financials

Management Profile

Marc Ducler – Managing Director

Marc Ducler has over 20 years’ experience in the mining industry. For the past 17 years he has been in senior operational management roles with GoldFields, BHP, Fortescue Metals, MRL and Roy Hill. His most recent role was as Managing Director of Egan Street Resources (a gold exploration and development company) until its recent successful takeover by Silver Lake Resources (ASX:SLR)

What is your rationale for taking part in 121 Mining Investment?

Looking to build a strong shareholder register to support the Company into gold production

What recent news would you like to highlight to investors attending?

Strongly Supported $25M Placement – 25 Sept 2024

Outstanding Metallurgical Results Further de-risk Mandilla – 17 Sept 2024

RC Drill Results further confirm Kamperman Potential – 4 Sept 2024

Mandilla Gold Project – Positive Scoping Study – 21 Sept 2023

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Feysville Mineral Resources, Mandilla Mineral Resources, Kamperman Drilling, Mandilla Drilling

6 Months:
Mandilla PFS, ongoing drilling at Mandilla and Feysville, Mineral Resource upgrades at both Mandilla and Feysville

12 Months:
Mandilla DFS, ongoing drilling at Mandilla and Feysville, Mineral Resource upgrades at both Mandilla and Feysville

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Risks for Astral are limited to permitting for the most part. Astral Resources has the necessary human resources in-house to advance permitting with all the technical work streams required currently underway or planned for completion in the coming months. Applications for approvals are expected to be submitted in the second half of 2025.

What do you think makes your company such a compelling investment?

Location, Location, Location! Astral’s assets are located in the heart of the Western Australian Goldfields. Gold deposits in this infrastructure rich area have a history of successful commercialisation as will both Mandilla and Feysville.

The technical work is being done to a high level of detail, the metallurgy at Mandilla is exceptional and the Scoping Study has demonstrated that Mandilla presents as a very large simple bulk scale gold deposit, which will be exceptionally profitable in the current gold price environment.

What are the top 3 key investor takeaways?

1. Strong technically focussed management team with a history of generating shareholder success

2. Large bulk scale mining, conventional processing, simple metallurgy and low technical risk.

3. Located in the heart of the WA Goldfield, infrastructure rich and an area with a rich history of successful commercialisation of gold deposits.