Astral Resource (ASX: AAR) – a long-term Kalgoorlie explorer
COMPANY SCOREBOARD
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ABOUT COMPANY
Astral Resources (AAR) (https://astralresources.com.au/) explores gold and base metal projects in Western Australia. Its flagship Mandilla Gold Project in the Kambalda region.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| AAR | 0.07 | 935197536 | 65463827.52 | 10/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 1980 | 49.37% | 49.04% | 4.99% | 15187726 | last raise $7m@5c; pre raise $3m@6.5c |
the largest shareholder, John Jones (Porter Street Investments) retired in 2021.
COMPANY ASSETS
The Mandilla Gold Project Kalgoorlie WA (14.2 km2)
Project Data
The company has been exploring the project for over 10 years.
Since July 2019, the company has launched eight campaigns and undertaken a total of 35,071m of RC drilling and 4,956m of diamond drilling. A maiden JORC Mineral Resource Estimate for Mandilla was declared in May 2021, then the resource was upgraded in September 2021 after another 7,700m of drilling, and upgraded again in January 2022.
Below are the project’s resources:
OTHER ASSETS
Feysville Gold Project Kalgoorlie WA
Carnilya Hill Gold Project Kalgoorlie WA
Nothing happens.
SUMMARY
The best outcome for the company is to merge with MXR, given PNR has bought 20% of its share.