Astral Resources Acquires Third Rights Over Mandilla Development
Key points
- Astral Resources acquired 100% of Estrella's Spargoville Nickel Rights
- Transaction valued at $3 million in Astral shares
- Completion expected by October 12, 2026
Full summary
Astral Resources NL (Astral) has entered into a formal binding agreement with Estrella Resources Limited (Estrella) to acquire 100% of Estrella's Spargoville Nickel Rights, which are potentially critical to the broader Mandilla Gold Project development footprint. The acquisition is valued at $3 million, with Astral issuing 20,000,000 Consideration Shares at a deemed issue price of $0.15 per share. The transaction remains subject to certain conditions, including regulatory approvals and shareholder consent, with completion scheduled for October 12, 2026.
Guidance
Astral to issue 20,000,000 shares at $0.15 each for total consideration of $3 million
Outlook
The acquisition is expected to eliminate third-party obstacles, facilitating the development of the Mandilla Gold Project.
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