Astral Resources Hits 52.6m at 1.48 g/t Gold at Theia Deeps

Astral Resources has received assay results from two more diamond holes at the Theia deposit, part of the Mandilla gold project south of Kalgoorlie in Western Australia. The company is running a 12-hole, 7,500-metre drilling program to test depth extensions below the current mineral resource estimate.

Managing director Marc Ducler said the program keeps showing Theia has growth potential beyond the current resource and also confirms mineralisation within the pit shell.

Hole AMRCD260 returned 52.6 metres at 1.48 grams per tonne gold from 389.4 metres, confirming the Inferred resources near the base of the optimised pit shell. The hole continued below the resource and hit 7.0 metres at 5.22 g/t from 583.0 metres and 43.86 metres at 0.87 g/t from 605.0 metres.

Hole AMRCD261, further south, returned 54.0 metres at 2.38 g/t from 316.0 metres. That intercept sits outside the April 2026 mineral resource shell. Ducler said the hole ended in mineralisation, with visible gold observed on the non-sample side of the core at 603.33 metres.

Assays are pending for two other holes. AMRCD376, located 170 metres east of AMRCD260, has shown broad zones of quartz and sulphides with visible gold. AMRCD262, 50 metres east of AMRCD261, has intersected quartz and sulphides, with visible gold extending from inside the base of the pit for a potential 235-metre vertical extension.

Ducler said additional holes have been planned to convert the new gold mineralisation into Inferred resources.

AAR shares fell 4.35% to 11.0 cents, giving a market capitalisation of $207.1 million.