Astral Resources expands gold estimates

Astral Resources (ASX:AAR) has revised its Mineral Resource Estimate (MRE) for the Feysville Gold Project. The update includes maiden estimates for the Kamperman and Rogan Josh deposits and an updated estimate for the Think Big deposit. This revision increases Astral's total gold resources to 1.46 million ounces, contributing significantly to the company's portfolio.

Astral Resources strategic outlook

Astral Resources has announced an updated Mineral Resource Estimate for the Feysville Gold Project, increasing its total gold resources to 1.46 million ounces. This includes maiden estimates for the Kamperman and Rogan Josh deposits and an updated estimate for the Think Big deposit. With a total of 5.0 million tonnes at a grade of 1.2 grams per tonne, the Feysville project contributes significantly to Astral's overall resources, which include the Mandilla Gold Project. The company plans further drilling to increase resource estimates and improve geological confidence. Future plans include updating the Group MRE with revised gold prices and cost assumptions, with new estimates expected in Q1 2025. Astral Resources is committed to advancing its projects while adhering to industry standards and environmental considerations.

Executive commentary on resource update

The updated Feysville MRE is a significant milestone for Astral Resources, as it not only enhances our total gold resource base but also provides a strong foundation for future project development and economic evaluation. The inclusion of maiden resources at Kamperman and Rogan Josh, alongside the updated Think Big deposit, demonstrates the potential of the Feysville Gold Project. We remain committed to advancing exploration and development efforts to further unlock value for our shareholders.