More Thick High-Grade Infill Results Strengthen Theia Stage1

Key points

• High-grade gold intercepts reported from Theia Stage 1 open pit
• Weighted average grade of 1.54g/t Au for the latest assays
• Significant intercepts include 7m at 10.4g/t Au and 1m at 53.0g/t Au
• In-fill drilling program continues with 225 holes completed and more planned

Full summary

Astral Resources NL has reported strong assay results from the ongoing in-fill Reverse Circulation (RC) drilling program at the Theia Deposit, part of the Mandilla Gold Project. The latest results from 41 holes (4,456m) show a weighted average grade of 1.54g/t Au, exceeding the Stage 1 pit's Mineral Resource Estimate (MRE) grade of 1.1g/t Au. Notable intercepts include 7m at 10.4g/t Au, 1m at 53.0g/t Au, and 1m at 17.8g/t Au. The Stage 1 open pit is expected to contribute 1.1Moz of gold over the first 21 months. The in-fill program has completed 225 holes with a further 206 holes planned. Additionally, an RC hole (AMRCD374) with a diamond tail, terminated early due to deviation, intersected high-grade zones including 1m at 219g/t Au and 3m at 15.4g/t Au, reinforcing the potential of the early mining inventory.