Astral Resources

Astral Resources Managing Director spoke to Tylah Tully of Proactive Investors to discuss the recent metallurgical testwork results and expand on the significance of the Kamperman drill program that is currently underway. https://lnkd.in/gJmChmHw

#asxnews #aar OUTSTANDING METALLURGICAL RESULTS SIGNIFICANTLY DE-RISK MANDILLA GOLD PROJECT Highlights Exceptional metallurgical characteristics of the Mandilla Gold Project reconfirmed by recent test-work undertaken on samples from the Hestia, Eos and Iris deposits. Metallurgical testing was completed under a range of grind sizes and under very modest cyanide concentrations reflecting typical process plant conditions. Outstanding results were achieved, with extremely high gravity gold recoveries and very rapid leaching. At a 212µm grind size, the final gold recoveries achieved after only eight hours of leaching were: ·      For Hestia, 96.5% gravity recovery, 99.5% final recovery; ·      For Eos, 17.9% gravity recovery, 98.8% final recovery; and ·      For Iris, 66.8% gravity recovery, 96.5% final recovery. Consistent with the results achieved previously at Theia, Mandilla’s flagship deposit, metallurgical results at Hestia, Eos and Iris demonstrate extremely high gold recoveries, fast leach kinetics and low reagent consumptions. Turning to exploration, the first phase of an in-fill RC program at Theia has recently been completed with 70 holes drilled for an aggregate 6,500 metres. The drill rig has relocated to the Feysville Gold Project to undertake a 34-hole (3,750 metres) program to test for extensions to the Kamperman deposit. Seven out of the 34 holes have already been completed; encouragingly, the first three holes, including a 200-metre step-out to the north and the two most north-eastern step-outs, have all intersected significant quartz and sulphide mineralisation which is a characteristic of the lithologies which host mineralisation elsewhere at Kamperman. Mineral Resource estimations are currently underway for Think Big, Rogan Josh and Kamperman – all at Feysville – and are expected to be reported later this month. #gold #goldexploration #golddevelopment #exploration

#asxnews #aar RC DRILL RESULTS FURTHER CONFIRM KAMPERMAN POTENTIAL Highlights Assay results for the final three holes from the 26-hole (2,808 metres) reverse circulation (RC) infill and extensional drilling program at the Kamperman Prospect (Feysville Gold Project) have been received, with best results including: ·      10 metres at 5.04g/t Au from 99 metres in FRC350; and ·      32 metres at 2.13g/t Au from 125 metres in FRC360. In-fill results continue to support the interpretation of a very continuous, steeply west-dipping, zone of high-grade gold mineralisation in the southern part of the deposit. A maiden Mineral Resources Estimate (MRE) for Kamperman is scheduled to be reported in the September Quarter as part of an updated MRE for the broader Feysville Gold Project. #gold #goldexploration #golddevelopment #exploration

Astral Resources Managing Director Marc Ducler was fortunate enough to be able to present our Astral story at the Diggers & Dealers Mining Forum last week. If you have 15 minutes to spare it is well worth the watch as he provides a very succinct summary as to why Astral Resources should be on your watchlist.

#asx #asxnews STRONG ASSAYS RESULTS AT KAMPERMAN AHEAD OF FEYSVILLE RESOURCE UPGRADE Excellent assay results received from a recently completed in-fill RC program at Kamperman to support a maiden MRE due in the September Quarter HIGHLIGHTS 26-hole/2,808 metre reverse circulation (RC) infill and extensional drilling program completed at the Kamperman Prospect (Feysville Gold Project) with excellent results from the first 23 holes including: ·   38 metres at 2.12g/t Au from 42 metres in FRC358; ·   34 metres at 2.24g/t Au from 33 metres in FRC353; ·   19 metres at 3.32g/t Au from 32 metres including 1 metre at 32.78g/t Au from 48 metres in FRC355; ·   18 metres at 1.51g/t Au from 28 metres in FRC343; ·   19 metres at 1.35g/t Au from 25 metres in FRC345; ·   8 metres at 2.40g/t Au from 20 metres in FRC344; ·   11 metres at 1.38g/t Au from 17 metres and 12 metres at 1.99g/t Au from 78 metres in FRC341; ·   3 metres at 5.45g/t Au from 64 metres including 1 metre at 15.15g/t Au from 65 metres in FRC359; ·   13 metres at 1.13g/t Au from 39 metres in FRC336; ·   8 metres at 1.64g/t Au from 35 metres in FRC351; ·   14 metres at 1.16g/t Au from 118 metres in FRC356; ·   11 metres at 1.24g/t Au from 39 metres in FRC348; and ·   4 metres at 3.09 g/t Au from 67 metres in FRC335; In-fill results support the interpretation of a high-grade west-dipping zone of gold mineralisation extending from north to south over 450 metres of strike. Extensional drilling shows that the mineralisation at Kamperman remains open both to the north and east. The results will underpin a maiden Mineral Resource Estimate (MRE) for Kamperman, due in the September Quarter, as part of an updated MRE for the Feysville Gold Project. Kamperman represents a potential valuable source of high-grade satellite feed for the Mandilla Process Plant contemplated in the September 2023 Scoping Study. #gold #goldexploration #golddevelopment #exploration

#asx #asxnews KAMPERMAN CONTINUES TO GROW AHEAD OF MAIDEN MINERAL RESOURCE ESTIMATE Assay results from the recently completed RC program at the Kamperman Prospect have successfully extended the mineralised strike length to approximately 450 metres, with results to support a maiden Mineral Resource for Kamperman as part of a broader update to the Feysville Gold Project MRE. HIGHLIGHTS Assay results received from an 18-hole (2,172 metres) reverse circulation (RC) drilling program at the Kamperman Prospect (Feysville Gold Project), with best results including: 28 metres at 1.99g/t Au from 68 metres including 1 metre at 12.2g/t Au from 89 metres in FRC295; 17 metres at 1.60g/t Au from 32 metres in FRC301; 14 metres at 1.44g/t Au from 54 metres and 14 metres at 0.68g/t Au from 31 metres in FRC304; 13 metres at 1.44g/t Au from 43 metres and 10 metres at 0.90g/t Au from 16 metres in FRC306; 12 metres at 1.52g/t Au from 30 metres in FRC303; 29 metres at 0.97g/t Au from 25 metres in FRC293; 5 metres at 2.31g/t Au from 65 metres and 4 metres at 1.67g/t Au from 19 metres in FRC299; 3 metres at 2.41g/t Au from 108 metres and 14 metres at 0.82g/t Au from 36 metres in FRC294; and 6 metres at 1.06g/t Au from 30 metres and 8 metres at 0.90g/t Au from 17 metres in FRC302. In-fill and extensional drilling supports interpretation of gold mineralisation over 450 metres of strike which remains open to the north. A 2,000 metre RC drill program is currently underway at the Rogan Josh Prospect to in-fill the previously identified sub-horizontal supergene enriched mineralisation. Preliminary work is underway to deliver an updated Mineral Resource Estimate (MRE) for the Feysville Gold Project, incorporating an updated MRE for Think Big and maiden MREs for Rogan Josh and Kamperman. This has the potential to establish Feysville as a valuable source of higher-grade satellite ore for the Mandilla Processing Plant contemplated in the September 2023 Scoping Study #goldexploration #gold #golddevelopment #exploration

#asx #asxnews RC DRILLING DELIVERS 35 METRES GRADING 3.81g/t Au AT KAMPERMAN RC drill-hole FRC267 returned the widest, most consistent high-grade gold intersection recorded to date at Kamperman – 35 metres at 3.81 g/t Au – further reinforcing the potential scale and grade of this new discovery. HIGHLIGHTS Assay results have been received from the first four holes of a 19-hole/2,459 metre reverse circulation (RC) program at the Kamperman Prospect (Feysville Gold Project), with best results including: * 14 metres at 0.98g/t Au from 25 metres and 35 metres at 3.81g/t Au from 86 metres including 1 metre at 11.7g/t Au from 96 metres, 2 metres at 12.0g/t Au from 105 metres and 1 metre at 19.2g/t Au from 114 metres in FRC267; * 13 metres at 1.55g/t Au from 141 metres and 3 metres at 2.54g/t Au from 177 metres in FRC269; and * 10 metres at 0.95g/t Au from 189 metres in FRC268. RC-hole FRC267 is highly significant, in-filling the 80-metre sectional spacing between FRC240 (35 metres at 2.19g/t Au from 81 metres) and FRC238 (5 metres at 5.89g/t Au1 from 112 metres). Gold assays are pending for the remaining 15 holes (1,662 metres) of in-fill and extensional RC drilling that was recently completed. #aar #exploration #goldexploration #goldinvestment

#asx #asxnews RC DRILLING DELIVERS MORE HIGH-GRADE GOLD ASSAYS AT KAMPERMAN Three RC holes have been drilled at Kamperman with high-grade assay results, grading up to 12.6g/t Au, returned from each of the holes, further confirming the high-grade potential of this new discovery. HIGHLIGHTS Assay results received from a three-hole, 217-metre, reverse circulation (RC) drilling program completed in the March Quarter, with best results including: 7 metres at 5.81g/t Au from 19 metres including 2 metres at 12.3g/t Au from 19 metres and 1 metre at 10.4g/t Au from 24 metres in hole FRC263; 8 metres at 2.04g/t Au from 32 metres including 1 metre at 12.6g/t Au from 39 metres in hole FRC264; and 12 metres at 2.12g/t Au from 69 metres to end-of-hole (EOH) in hole FRC265. Of the 16 holes drilled at Kamperman since January 2023, significant high-grade results have now been returned from ten of those holes. Five lines of air-core (AC) drilling were also completed across the western portion of the Feysville tenement package. A follow-up 19-hole, 2,459 metre RC in-fill and extensional drill program has also recently been completed for which assays are pending. #aar #exploration #goldexploration #goldinvestment

#asxnews #asx MORE HIGH-GRADE GOLD IDENTIFIED AT KAMPERMAN AS FEYSVILLE POTENTIAL CONTINUES TO INCREASE Diamond drilling at the the Kamperman prospect at the Feysville Gold Project near Kalgoorlie delivers more high-grade gold with intercepts in multiple holes. Reverse circulation drilling to re-commence mid-February to further evaluate this emerging high-grade gold system. HIGHLIGHTS Assay results received from a three-hole, 495 metre, diamond drill (DD) program completed in the December Quarter, with best results including: 14 metres at 0.89g/t Au from 43 metres and 3.7 metres at 12.2g/t Au from 67.8 metres including 1 metre at 41.0g/t Au from 70.1 metres in hole FRCD262; and 1.3 metres at 9.21g/t Au from 196.7 metres including 1 metre at 22.2g/t Au from 196.6 metres in hole FRCD261. Over the last 12 months, 13 holes have been drilled at Kamperman with highly significant results returned in seven of those holes. As such, Kamperman continues to present as a compelling high-grade gold target that warrants further drilling. A follow-up 21-hole, 2,500 metre reverse circulation (RC) drill program is scheduled to commence in mid-February, focused on in-fill at Kamperman and extensions to the north of the current highest grade intercept in hole FRC243 (4 metres at 94.8g/t Au from 77 metres). #goldexploration #goldinvestment #gold #exploration

#aar #asxnews DRILLING AT THEIA CONTINUES TO DELIVER STRONG RESULTS AND INCREASE RESOURCE CONFIDENCE The final three holes of the Theia diamond drilling program have returned wide, high-grade intercepts, including 29 metres at 2.78g/t Au, supporting a potential increase in resource confidence to the Indicated Mineral Resources category. HIGHLIGHTS Assay results received for the final three holes of the six-hole diamond drill program completed at the cornerstone Theia deposit at the Mandilla Gold Project during November. Best results include: In DD hole MDRCD830, where 221 gram-metres of gold was recorded over the length of the hole: 29 metres at 2.78g/t Au from 324 metres including 0.3 metres at 139g/t Au from 328.85 metres and 0.3 metres at 78.7g/t Au from 349 metres; 2 metres at 14.5g/t Au from 211 metres including 0.3 metres at 94.5g/t Au from 212.7 metres; 28 metres at 1.36g/t Au from 122 metres (previously reported as an RC pre-collar); 20 metres at 1.03g/t Au from 221 metres including 0.3 metres at 18.5g/t Au from 222.55 metres and 1.0 metre at 11.6g/t Au from 240 metres; 5.85 metres at 1.89g/t Au from 311.75 metres including 0.3 metres at 33.2g/t Au from 316.2 metres; and 4.14 metres at 2.36g/t Au from 393.76 metres. In DD holes MDRCD832 and MDRCD841: 0.4 metres at 27.2g/t Au from 318 metres in MDRCD832; and 18.4 metres at 0.91g/t Au from 310 metres in MDRCD841. DD hole MDRCD830 returned several significant gold intercepts which support the current MRE interpretation, and which are likely to increase the resource confidence to the Indicated Mineral Resources category in this area. Assay results for a three-hole (495-metre) DD program at the Kamperman prospect (Feysville Gold Project) are pending and expected later this month. #goldexploration #gold #goldinvestment