Rogan Josh In-fill Completed Ahead of Mineral Resource Estimation

Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to provide assay results from the remaining 16 holes (940 metres) of a 32-hole RC drilling program undertaken at the Rogan Josh Prospect, part of the Company’s 100%-owned Feysville Gold Project (Feysville), located 14km south of Kalgoorlie in Western Australia (Figure 1).

• All outstanding assay results from the Rogan Josh in-fill program now received, with results reported for the final 16 holes for 940 metres.
• Best results from the Rogan Josh in-fill program include:
  • 8 metres at 1.35g/t Au from 55 metres in FRC325;
  • 8 metres at 1.28g/t Au from 43 metres in FRC287;
  • 5 metres at 1.79g/t Au from 32 metres in FRC326;
  • 3 metres at 1.89g/t Au from 57 metres in FRC286;
  • 4 metres at 1.31g/t Au from 54 metres in FRC285;
  • 4 metres at 1.57g/t Au from 48 metres in FRC330; and
  • 12 metres at 0.72g/t Au from 13 metres in FRC329.
• Cube Consulting currently finalising maiden Mineral Resource Estimate (MRE) for Rogan Josh and a revised MRE for Think Big.
• A 26-hole (2,808 metre) RC drill program in-filling the Kamperman prospect has been completed, with assay results pending.
• Following receipt of the Kamperman assay results, a maiden Kamperman MRE will be prepared, with expected delivery of MRE’s for Rogan Josh, Think Big and Kamperman due in the September Quarter 2024.

Astral Resources’ Managing Director Marc Ducler said: “Recent exploration activity at Feysville demonstrated the potential of the Project to provide multiple gold deposits capable of producing satellite feed for the 2.5mtpa Mandilla process plant contemplated in the September 2023 Scoping Study 1.

“The recently completed drill programs will provide critical data into Mineral Resource Estimates for the Feysville Project, being Think Big, Rogan Josh and Kamperman. The previously reported Think Big MRE of 116,000 oz was unconstrained (not reported within an optimised pit shell), so it is expected a small decrease will be incurred when applying open pit constraints as is best practice. On the upside, we are very confident that inaugural contributions from Kamperman and Rogan Josh will see a material increase in the aggregate Mineral Resources at Feysville following the positive exploration results reported, primarily at Kamperman, over the last 18 months or so.

“The recent success of a reconnaissance drill program in identifying a potential Kamperman-style analogue, coupled with an extension to gold mineralisation associated with the regional-scale Ethereal Shear, indicates there is significant potential for further growth at Feysville.

“Preparation works are now underway for a 14,000 metre RC in-fill program at the Mandilla Gold Project’s cornerstone Theia deposit. This will support an MRE update for Mandilla ahead of detailed mine design for the Mandilla Pre-Feasibility Study.”

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