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Astral Resources NL ( (AU:AAR) ) has issued an announcement.
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.
More about Astral Resources NL
Astral Resources NL is a mining company focused on gold exploration and development. The company operates primarily in Western Australia, with key projects including the Mandilla Gold Project and the Feysville Gold Project. Astral Resources aims to advance its gold deposits towards production, leveraging high-grade mineralization to establish profitable mining operations.
Average Trading Volume: 4,335,683
Technical Sentiment Signal: Buy
Current Market Cap: A$368.5M
See more insights into AAR stock on TipRanks’ Stock Analysis page.