Astral Resources Achieves Over 98% Gold Recovery in Feysville Tests

Astral Resources NL ( (AU:AAR) ) has provided an update.

Astral Resources NL announced successful metallurgical test results from its Feysville deposits, with gold recoveries exceeding 98% at the Kamperman site. These results support the inclusion of Feysville deposits in the Mandilla Pre-Feasibility Study, potentially enhancing the company’s operational efficiency and resource utilization. The tests indicate that the low-cost processing route proposed for Mandilla is suitable for Feysville, positioning Astral Resources to leverage higher-grade satellite ore feed into its processing plant, which could positively impact stakeholders by increasing gold recovery rates and optimizing resource management.

The most recent analyst rating on (AU:AAR) stock is a Buy with a A$0.29 price target. To see the full list of analyst forecasts on Astral Resources NL stock, see the AU:AAR Stock Forecast page.

More about Astral Resources NL

Astral Resources NL operates in the mining industry, focusing on the exploration and development of gold deposits. The company is engaged in advancing its projects, including the Mandilla and Feysville deposits, with a market focus on efficient and cost-effective gold recovery processes.

Average Trading Volume: 2,536,293

Technical Sentiment Signal: Buy

Current Market Cap: A$219.7M

See more insights into AAR stock on TipRanks’ Stock Analysis page.