Gold Drill Results Boost Astral Resources' DFS Plans

Astral Resources Managing Director Mark Ducler joined Steve Darling from Proactive to provide an update about the company’s recent drill results and upcoming milestones as it moves closer to production.The company is currently active at its gold projects in the Goldfields district of Western Australia, with a focus on the Theia and Spargoville prospects. Ducler explained that Astral is progressing towards a Definitive Feasibility Study (DFS) following the release of its Pre-Feasibility Study. He noted that recent results at Spargoville, a newly acquired asset, revealed 26 metres at 2 grams per tonne under a paleo-channel, highlighting fresh rock potential. Ducler also shared new infill results from Theia, including 32 metres at 11 grams per tonne and 2 metres at 96 grams per tonne, indicating strong grade continuity. The company pointed out, “Infill drilling is about creating real confidence,” Ducler said. “We're going to build a 100,000 ounce per annum gold producer and we refuse to fail.” With a $150 million debt and $100 million equity plan, the company aims to de-risk development and secure confidence ahead of production. Looking ahead, Astral plans to continue aggressive drilling while finalising technical studies for the DFS. A 7,000-metre drill campaign is planned at its Phase 1 satellite deposit. #proactiveinvestors #astralresources #asx #aar #AstralResources #GoldExploration #TheiaProject #Spargoville #GoldMiningAustralia #InfillDrilling #FeasibilityStudy #GoldStocks #MiningUpdate #ProactiveInvestors