Want to see AU:AAR full AI Analyst Report?
Top Page
Astral Resources NL
(Sydney:AAR)
Select Model
Select Model
Rating:51Neutral
Price Target:
AU$0.16
â–Ľ(-19.50% Downside)
Action:Reiterated
Date:09/26/26
The score is primarily constrained by weak operating fundamentals (no revenue, ongoing losses) and persistent cash burn, implying continued reliance on external funding. This is partially offset by a strong, low-debt balance sheet that reduces solvency risk, while technical indicators are broadly neutral and valuation is penalized by negative earnings and no indicated yield.
Positive Factors
Low Leverage
Very low leverage reduces solvency pressure and limits the interest burden while Astral advances its exploration portfolio. The materially larger equity base provides financial support for ongoing programs and gives the company greater flexibility than a highly indebted developer.
Negative Factors
No Revenue
The absence of revenue means Astral currently has no operating sales base to fund exploration, corporate costs, or future development. It therefore depends on project advancement and eventual transactions or production before the business can develop recurring internal cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage reduces solvency pressure and limits the interest burden while Astral advances its exploration portfolio. The materially larger equity base provides financial support for ongoing programs and gives the company greater flexibility than a highly indebted developer.
Read all positive factors
Astral Resources NL (AAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$307.50M
Dividend YieldN/A
Average Volume (3M)2.68M
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue GrowthN/A
EPS Growth34.78%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,808,809,700
10 Day Avg. Volume1,802,590
30 Day Avg. Volume2,677,436
Financial Highlights & Ratios
PEG Ratio2.52
Price to Book (P/B)1.02
Price to Sales (P/S)0.00
P/FCF Ratio-43.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.30Price Target Upside50.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$94.00M
Astral Resources NL Business Overview & Revenue Model
Company Description
Astral Resources NL is an Australian company primarily engaged in the exploration for gold and various base metal deposits across Western Australia. Its flagship asset is the wholly-owned Mandilla gold project, strategically located within the nor...
Astral Resources NL Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
70
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -186.98K | -140.81K | -102.34K | -101.82K | -90.41K |
| EBITDA | -3.89M | -2.49M | -2.26M | -3.61M | -2.26M |
| Net Income | -2.34M | -2.64M | -2.58M | -3.71M | -2.35M |
Balance Sheet | |||||
| Total Assets | 158.31M | 91.88M | 35.54M | 27.01M | 22.82M |
| Cash, Cash Equivalents and Short-Term Investments | 65.10M | 18.60M | 5.77M | 1.32M | 3.18M |
| Total Debt | 496.88K | 124.67K | 119.81K | 50.52K | 117.07K |
| Total Liabilities | 3.87M | 4.49M | 1.03M | 1.50M | 2.00M |
| Stockholders Equity | 154.44M | 87.39M | 34.51M | 25.50M | 20.82M |
Cash Flow | |||||
| Free Cash Flow | -3.62M | -2.36M | -6.59M | -9.11M | -6.57M |
| Operating Cash Flow | -3.48M | -2.29M | -1.53M | -1.86M | -919.32K |
| Investing Cash Flow | -18.04M | -8.52M | -5.04M | -7.18M | -5.63M |
| Financing Cash Flow | 68.03M | 23.65M | 11.02M | 7.18M | -85.61K |
Astral Resources NL Technical Analysis
Negative
0.20
Price Trends
0.18
Negative
0.15
Positive
0.19
Negative
Market Momentum
>-0.01
Positive
44.86
Neutral
37.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AAR, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.18, and above the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.86 is Neutral, neither overbought nor oversold. The STOCH value of 37.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AAR.
Astral Resources NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$354.88M | 7.50 | 51.83% | 4.92% | 60.14% | ― | |
75 Outperform | AU$267.59M | 3.47 | 25.21% | 3.95% | 28.38% | 127.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$349.77M | -32.50 | -5.89% | ― | ― | 9.68% | |
51 Neutral | AU$307.50M | -100.00 | -1.53% | ― | ― | 34.78% | |
48 Neutral | AU$252.06M | -9.31 | -80.60% | ― | -100.00% | -1011.90% | |
46 Neutral | AU$196.97M | -34.34 | -20.08% | ― | ― | -21.85% |
* Basic Materials Sector Average
AU:AAR
Astral Resources NL
0.16
-0.08
-33.33%
AU:BCN
Beacon Minerals
3.05
0.62
25.62%
AU:TBR
Tribune Resources Limited
5.03
-2.03
-28.76%
AU:STN
Saturn Metals Ltd.
0.46
-0.13
-22.88%
AU:BGD
Barton Gold Holdings Limited
0.89
-0.40
-31.01%
AU:VTM
Victory Goldfields Limited
1.36
-0.04
-3.20%
Astral Resources NL Corporate Events
Astral Resources Details Mandilla Gold Project Development Plans
Oct 13, 2026
Astral Resources NL has released a presentation detailing its efforts to move the Mandilla Gold Project from exploration into the development phase. The materials provide a high-level overview of current activities and financial metrics, framed as...
Astral Resources Issues Over 10 Million Unquoted Performance Rights
Oct 9, 2026
Astral Resources NL has issued 10,210,388 unquoted performance rights under its employee incentive scheme, classified as 2027A unquoted performance rights and not quoted on the ASX while transfer restrictions apply. The move reinforces the company...
Astral Resources Doubles Spargoville Gold Resource, Lifts Group Inventory to 2.21Moz
Oct 8, 2026
Astral Resources has reported a 102% increase in the Mineral Resource Estimate at its 100%-owned Spargoville Gold Project in Western Australia, lifting contained gold to 281,000 ounces at 1.0 grams per tonne. The upgrade follows a reinterpretation...
Astral Resources Plans Placement of 20 Million New Shares
Oct 5, 2026
Astral Resources NL has notified the ASX of a proposed placement of up to 20 million ordinary fully paid shares. The new securities are scheduled for issue on 12 October 2026, with the company applying for quotation of all shares to be issued unde...
Estrella Sells WA Nickel Rights to Astral in $3m Share Deal
Oct 5, 2026
Estrella Resources has entered into a binding agreement to divest 100% of its nickel rights at the West Kambalda and Spargos tenements to Astral Resources NL via Mandilla Nickel Pty Ltd. The consideration totals $3 million, to be paid in 20 millio...
Astral consolidates Mandilla tenure in deal with WIN Metals
Sep 27, 2026
Astral Resources NL has agreed a tenure and mineral rights transaction with WIN Metals that consolidates control over the tenements critical to the Mandilla Gold Project in Western Australia. The deal transfers multiple mining leases and mineral r...
WIN Metals Secures $9m via Mt Edwards Tenure Deal With Astral
Sep 27, 2026
WIN Metals has struck a $9.05 million tenure rationalisation deal with Astral Resources that reshapes ownership and mineral rights across several mining leases at the Mt Edwards Nickel Project. The transaction gives WIN full gold rights on key lea...
Astral Resources NL Publishes Consolidated 2026 Annual Report
Sep 24, 2026
Astral Resources NL has released its Annual Report for the year ended 30 June 2026, detailing a comprehensive review of operations and governance across the group. The report consolidates financial performance, cash flow data, and changes in equit...
Astral Resources Details ASX Corporate Governance Compliance for 2026
Sep 24, 2026
Astral Resources NL has confirmed its corporate governance arrangements for the financial year ended 30 June 2026, lodging an Appendix 4G with the ASX and directing investors to a detailed governance statement on its website. The statement, curren...
Astral Resources Sets Date and Director Nomination Deadline for 2026 AGM
Sep 22, 2026
Astral Resources NL has provided early notice that it will hold its Annual General Meeting on 19 November 2026, with the full agenda and location details to be circulated to shareholders in a formal notice ahead of the event. The meeting will addr...
Astral Resources’ Theia Deeps drilling points to significant gold resource growth
Sep 14, 2026
Astral Resources NL is an Australian gold exploration and development company focused on its 100%-owned Mandilla Gold Project, located about 70km south of Kalgoorlie in Western Australia. The project’s cornerstone asset is the Theia Deposit,...
Astral Resources Discloses Increase in Substantial Shareholding
Sep 14, 2026
Astral Resources NL has disclosed a change in substantial shareholding relating to investor Colin Petroulas, indicating an increase in his holding of ordinary shares. The filing shows his interest rising from 93.2 million shares, or 5.175%, to 113...
Astral Resources Showcases Mandilla Gold Project at Gold Coast Investor Conference
Sep 8, 2026
Astral Resources NL has announced that Managing Director Marc Ducler will present the company’s latest progress at the Resources Rising Stars Gold Coast Investor Conference on 9 September 2026. The presentation will highlight the advancement...
Astral Resources boosts Mandilla Theia pit with thick, high-grade gold hits
Sep 8, 2026
Astral Resources has reported strong in-fill reverse circulation drilling results from 41 holes at the Theia Stage 1 open pit within its Mandilla Gold Project, delivering a weighted average grade of 1.54g/t gold and multiple thick, high-grade inte...
Astral Resources Expands Share Capital with Conversion of 3 Million Options
Sep 1, 2026
Astral Resources NL has converted 3,000,000 unlisted options, exercisable at $0.10 and due to expire in October 2026, into an equivalent number of fully paid ordinary shares, increasing its issued capital base. The company has also lodged a cleans...
Astral Resources Seeks ASX Quotation for 3 Million New Shares
Sep 1, 2026
Astral Resources NL has applied for ASX quotation of 3,000,000 ordinary fully paid shares, with the new securities issued on September 1, 2026. The application reflects the conversion of options or other convertible securities into tradable equity...
Astral Resources Director Increases Ordinary Share Exposure as Performance Rights Convert and Cancel
Aug 28, 2026
Astral Resources NL has disclosed a change in director Marc Ducler’s relevant interests in the company’s securities, primarily through his direct holdings, a superannuation fund where he is trustee and beneficiary, and securities held ...
Astral Resources Seeks ASX Quotation for Over 2.1 Million New Shares
Aug 26, 2026
Astral Resources NL has applied for quotation on the ASX of 2,129,735 new ordinary fully paid shares, expanding its listed securities base as part of previously announced transactions. The additional shares, issued on August 26, 2026, are set to e...
Astral Resources Issues New Shares Under Incentive Schemes and Lodges Cleansing Notice
Aug 26, 2026
Astral Resources NL has expanded its share capital through the conversion of multiple tranches of performance rights into fully paid ordinary shares, reflecting the vesting and exercise of 2024A, 2024B and 2024C incentive instruments. In addition,...
Astral Resources NL Seeks ASX Quotation for Newly Issued Shares
Aug 26, 2026
Astral Resources NL has applied to the ASX for quotation of 2,634,339 new ordinary fully paid shares under its existing AAR ticker. The securities, issued on 26 August 2026 following the exercise or conversion of options or other convertible instr...
Astral Resources Plans New Share Issue to Bolster Capital
Aug 26, 2026
Astral Resources NL has notified the ASX of a proposed issue of up to 2,607,008 ordinary fully paid shares. The new securities, to be issued as part of a placement or other type of capital raising, are scheduled for issue on 26 August 2026, signal...
Astral Resources Cuts 686,390 Performance Rights After Vesting Conditions Fail
Aug 26, 2026
Astral Resources NL has announced the lapse of 686,390 performance rights after the conditions attached to these securities were not met or became incapable of being satisfied. The cessation of these rights slightly reduces the company’s poo...
Astral Resources lapses over 3.5 million performance rights
Aug 26, 2026
Astral Resources NL has reported the lapse of 3,559,937 performance rights, which have ceased because the conditions attached to those rights were not satisfied or became incapable of being met. The cessation changes the company’s issued cap...
Astral Resources seals key land use deal for Mandilla gold project
Aug 17, 2026
Astral Resources’ Mandilla Gold subsidiary has signed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claim Group, covering the Mandilla and recently acquired Spargoville tenements south of Kalgoorlie. Together with an earlier a...
Astral Resources Expands Theia Deeps Drilling as Mandilla Gold Project Grows
Aug 16, 2026
Astral Resources has reported strong deep diamond drilling results from its Theia Deeps program at the Mandilla Gold Project in Western Australia, intersecting broad zones of gold mineralisation beneath the existing 1.4Moz Theia resource. Key hole...
Astral Resources Flags Mandilla Gold Project Advancing Towards Development
Aug 4, 2026
Astral Resources NL has outlined progress at its Mandilla gold project, describing the operation as advancing towards development and highlighting its strategic importance to the company’s growth plans. The presentation, released to coincide...
Astral Resources lifts Mandilla gold resource as feasibility work advances
Jul 26, 2026
Astral Resources has declared an updated mineral resource estimate at its Mandilla Gold Project of 54Mt at 1.0g/t for 1.74Moz of contained gold, following extensive reverse circulation and diamond drilling aimed at infill and depth extensions. The...
Astral Resources boosts confidence in Mandilla Stage 1 with high-grade in-fill drilling
Jul 22, 2026
Astral Resources has reported high-grade assay results from 56 reverse circulation in-fill drill holes at the Theia deposit within its Mandilla Gold Project, confirming consistent gold mineralisation in the planned Stage 1 open pit. The results su...
Astral Resources Highlights Mandilla Gold Project in Investor Presentation
Jul 14, 2026
Astral Resources has issued an investor presentation outlining the status and ambitions of its Mandilla Gold Project in Western Australia. The company is promoting Mandilla as a potential long-life, high-margin gold operation designed to strengthe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.