Astral Resources’ Theia gold deposit exceeds 1 million ounces

–News Direct–

Astral Resources NL (ASX:AAR) MD Marc Ducler talks Proactive through another resource update for the companys Mandilla Gold Project, 70 kilometres south of Kalgoorlie in WA. AAR has reported a 22% increase in total contained ounces and a 69% increase in indicated resources with the cornerstone Theia deposit now passing the 1-million-ounce resource milestone. He says the 2024 financial year is shaping up as a transformational year for Astral as the company begins its transition from junior explorer to mine developer.

In the circa six months that has elapsed since our last MRE update, we have added 231,000 ounces of gold to the Mandilla MRE and delivered a major uplift in resource confidence levels, Ducler said.

The substantial growth in the overall MRE is a particularly pleasing outcome, given that most of the drilling since the last update was infill.

To achieve this significant increase in indicated mineral resources and add new mineral resources at a cost competitive $18/ounce is testament to the quality of the Mandilla Gold Project.

The fact that we have been able to add these ounces at such a low discovery cost is a strong pointer to the potential that still remains to continue to add ounces to the Mandilla Project with additional drilling.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/astral-resources-theia-gold-deposit-exceeds-1-million-ounces-333021335

Astral Resources NL

COMTEX_437086865/2655/2023-07-20T11:40:11