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Astral Resources NL (ASX:AAR)

ALERT: Price-sensitive ASX Announcement for AAR
Current share price for AAR : $0.130 -0.098 (-42.86%)+
Announcement
Release
24 Oct 2025 12:59PM
Price at Release
$0.228
Full Release
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Summary
Astral Resources NL has announced the execution of a Land Use Agreement between its subsidiary, Feysville Gold Pty Ltd, and the Marlinyu Ghoorlie Native Title Claim Group. This agreement, covering specific tenements in the Feysville Gold Project, is designed to establish a cooperative framework that addresses heritage protection and provides development opportunities and compensation for the Marlinyu Ghoorlie. In conjunction with this, a Letter of Intent has been signed with Mineral Mining Services Pty Ltd for a joint venture to develop the Think Big deposit, which includes funding of the project's development by MMS and is expected to accelerate gold production, supporting Astral's broader resource development goals.
Key Points
  • Astral Resources NL, through its subsidiary Feysville Gold Pty Ltd, signed a Land Use Agreement with Marlinyu Ghoorlie Native Title Claim Group.
  • The agreement covers tenements M26/846 and L26/295, including the Think Big deposit within the Feysville Gold Project near Kalgoorlie, Western Australia.
  • The agreement aims to facilitate cooperation, reconciliation, and minimize the impact on heritage sites while providing opportunities and compensation to Marlinyu Ghoorlie.
  • A Development Partnership/Joint Venture with Mineral Mining Services Pty Ltd has been formed to advance the Think Big deposit.
  • Mineral Mining Services Pty Ltd will fund 100% of the development costs for Think Big, recovered from initial project cash flows.
  • The Think Big deposit has a Mineral Resource Estimate of 2.4Mt grading 1.1g/t Au for 85,200 ounces of contained gold.
  • The agreement is part of a broader effort to responsibly develop the Feysville and Mandilla Gold Projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.