Astral's most significant gold discovery to date ensures that an upgrade to the Mandilla resource is highly likely.

2 min read | January 26, 2025 11:00 AM AEDT | By Team Kalkine Media

Astral's most significant gold discovery to date ensures that an upgrade to the Mandilla resource is highly likely. — Image source: shutterstock

Mineral Resource Upgrade Potential at Theia Deposit

Astral Resources has reported that the latest drilling results at the Theia deposit align closely with existing mineralisation models. This congruence supports the upgrade of deeper inferred resources into the higher confidence indicated category. The current resource estimate at Mandilla stands at 37 million tonnes grading 1.1g/t, containing 1.27 million ounces of gold, primarily within the Theia deposit.

Exploration Advances at Feysville Project

Further exploration at the Feysville project has produced promising assay results, with notable extensions to the Kamperman deposit. A parallel program of aircore drilling aims to explore structural targets and potential new discoveries within the Central Feysville Anticline. Concurrently, a comprehensive geotechnical drilling initiative is poised to advance understanding of multiple deposits, propelling the project towards a robust pre-feasibility study.

Continuous Development and Exploration

In collaboration with specialists Cube Consulting, Astral Resources is actively updating the Mandilla Mineral Resource Estimate (MRE). This endeavor is expected to culminate in significant advancements towards detailed mine design and scheduling, with the MRE revision slated for completion in early 2025. As operations progress, Astral Resources remains committed to refining exploration strategies at Feysville, with the aim of unlocking further mineral wealth.

This analysis of Astral Resources' exploration activities and findings is for informational purposes only. It does not serve as financial advice, and independent consultation is recommended for any investment decisions.

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