Astral Resources NL (ASX:AAR) has released its quarterly report for the period ending September 2024. The gold-focused exploration company has made significant progress in its Mandilla and Feysville Gold Projects in Western Australia. Key achievements include successful drilling programs, high metallurgical recoveries, and financial stability through a $25 million placement.
Astral Resources' latest quarterly report highlights the company's progress in its gold projects in Western Australia. The Mandilla Gold Project is moving towards key feasibility studies with a Pre-Feasibility Study expected by June 2025. The Feysville Gold Project is also advancing, with a maiden Mineral Resource Estimate soon to be reported. Financially, the company is in a strong position, having raised $25 million to fund ongoing and future exploration activities. These efforts are part of Astral Resources' strategy to develop significant mining operations in a renowned gold-producing region, with a focus on transparency and governance.
We are pleased with the substantial advancements made at our Mandilla and Feysville Gold Projects. The strong drilling results and metallurgical outcomes underscore the potential of these assets. The successful capital raising ensures we are well-funded to pursue our exploration and feasibility objectives, positioning us for future growth and development.