Astral Resources NL advised that it has discovered a significant new zone of shearhosted gold mineralisation in recent Reverse Circulation (RC) drilling at its 100%owned Mandilla Gold Project (Mandilla or Project), located approximately 70km south of Kalgoorlie, Western Australia. Highlights: Significant results received from a 38hole/6422m Reverse Circulation (RC) drill program completed recently at the newly identified Hestia prospect: 6m at 7.07g/t Au from 107m in MDRC616; 1m at 26.15g/t Au from 13m and 12m at 1.07g/t Au from 52m in MDRC587; 11m at 2.00g/t Au from 90m in MDRC606; 2m at 5.69g/t Au from 128m and 8m at 1.37g/t Au from 140m in MDRC612; 7m at 1.64g/t Au from 131m and 5m at 2.76g/t Au from 163m in MDRC617; 7m at 2.25g/t Au from 126m in MDRC619; 22m at 0.96g/t Au from 60m and 7m at 1.00g/t Au from 102m in MDRC611. Hestia was tested with seven lines of widespaced RC drilling over 1,000 metres of potential strike.

Significant gold mineralisation was intersected on every line drilled. A further 2,873 metres of RC drilling were also completed recently at the Iris and Theia deposits, with assay results pending. 80 aircore (AC) drillholes for a total of 5,251 metres to test extensions of the Eos palaeochannel deposit have been completed, with assay results pending.

4,700 metre diamond drilling (DD) program underway with 493 metres completed to date. Significant assay results have been received from the newly named Hestia prospect, located on a shear zone that runs subparallel to the Mandilla Shear that hosts the Theia deposit approximately 500 metres to the east. The Hestia discovery demonstrates the potential to expand the current Indicated and Inferred JORC 2012 Mineral Resource Estimate (MRE) at Mandilla of 24Mt at 1.0 g/t Au for 784koz.

Extensional drilling at Hestia has intersected consistent zones of gold mineralisation over a strike length of 1,000 metres running subparallel to Theia. The mineralisation is hosted within a sheared mafic/sediment contact, which is interpreted to be part of the major northsouth trending group of thrust faults known as the Spargoville shear corridor, which locally hosts the Wattle Dam gold mine (266koz at 10.6g/t Au) and further to the north, the Ghost Crab/Mt Marion mine (>1Moz). This is a different geological setting to the primary mineralisation at Theia and Iris.

Significant NW to WNWtrending structures along the western flank of the Project are interpreted from aeromagnetic data to cut through the granitic intrusion and may be important in localising mineralisation at Theia, where a mineralised footprint extending over a strike length of more than 1.5km has been identified to date. A second subparallel structure hosts gold mineralisation at Iris. In this area, the mineralised footprint extends over a strike length of approximately 700 metres.

At Eos, located further to the southeast, a relatively shallow mineralised palaeochannel deposit has been identified. Mandilla is covered by existing Mining Leases which are not subject to any thirdparty royalties other than the standard WA Government gold royalty. HESTIA EXTENSIONAL DRILL RESULTSL The recently completed RC program consisted of 58 holes for 9,295 metres.

To date, assay results have been received from 38 RC drillholes for an aggregate 6,421 metres. These results relate to a program of regional exploration to the west of Theia at a target now referred to as Hestia. The program at Hestia covered a potential strike extent of just over 1,000 metres.

Drill spacing for the program was typically 40 metres on section with 160 metre sectional spacing. Two infill (80 metre spacing) sections in the central portion of Hestia were also completed following up the previous program. Best results include: 4m at 1.19g/t Au from 60m and 4m at 1.43 g/t Au from 75m and 6m at 7.07g/t Au from 107m in MDRC616; 1m at 26.15g/t Au from 13m and 12m at 1.07g/t Au from 52m in MDRC587; 11m at 2.00g/t Au from 90m in MDRC606; 2m at 5.69g/t Au from 128m and 8m at 1.37g/t Au from 140m in MDRC612; 7m at 1.64g/t Au from 131m and 5m at 2.76g/t Au from 163m in MDRC617; 7m at 2.25g/t Au from 126m in MDRC619; 22m at 0.96g/t Au from 60m and 7m at 1.00g/t Au from 102m in MDRC611; 2m at 3.03g/t Au from 138m in MDRC589; and 3m at 1.93g/t Au from 61m in MDRC605.

The projection demonstrates the continuity of mineralisation along strike. The program at Hestia has been successful, delineating significant mineralisation hosted within a steeply southwest dipping shear zone associated with a mafic/sediment contact, interpreted as part of the goldbearing Spargoville shear corridor. Further drilling is required to infill and confirm the +1g/t grade continuity along strike and up and downdip.

The potential for short strike length highgrade shoots such as that seen at Wattle Dam will also be tested. At Eos, AC drilling has recently concluded following completion of an infill program of the highgrade palaeochannel deposit (see ASX announcement, 5 July 2022). Assay results are currently pending for 5,251 metres of AC drilling which will conclude the current stage of infill drilling at Eos.

Assay results for the 1 metre resample from the Phase 1 infill program are also pending. DD recently commenced at Mandilla to complete a 17hole program for a planned 4,700 metres of drilling.