Substantial Increase in Mineral Resources at Spargoville

• 102% increase in Spargoville Mineral Resource Estimate to 281koz
• Re-estimation of key deposits: Spiders, 8500N, and Eagles Nest
• Consolidated Group Mineral Resource Estimate now at 67Mt at 1.0g/t Au for 2.21Moz of contained gold

Astral Resources NL has reported a substantial increase in the Mineral Resource Estimate (MRE) for its 100%-owned Spargoville Gold Project, located 70km south of Kalgoorlie in Western Australia. The MRE has increased by 102% to 8.5Mt at 1.0g/t Au for 281koz of contained gold. The update includes the reinterpretation and re-estimation of key deposits such as Spiders, 8500N, and Eagles Nest. The updated MRE incorporates a 0.40g/t Au lower cut-off and is constrained within pit shells derived using a gold price of A$4,500 per ounce. The consolidated MRE for the Astral Group now stands at 67Mt at 1.0g/t Au for 2.21Moz of contained gold, including the MRE at Feysville and Mandilla.

The company is optimistic about the future growth potential of these assets, with plans to refine upcoming drilling programs to target further growth.