Astral Resources NL announced that it has completed both diamond and reverse circulation drill programs at the 100%-owned Feysville Gold Project, located 14km south of Kalgoorlie. The two rigs have now relocated to the Company's flagship 100%-owned Mandilla Gold Project, situated 70km south of Kalgoorlie, commencing a 2,000 metre DD program and a 25,000 metre RC program. The Mandilla Gold Project includes the Theia, Iris, Eos and Hestia deposits.

In December 2022, Astral announced an updated Mineral Resource Estimate of 30Mt at 1.1 g/t Au for 1.03Moz of contained gold1 for the Mandilla Gold Project. Gold mineralisation at Theia and Iris is comprised of structurally controlled quartz vein arrays and hydrothermal alteration close to the western margin of the Emu Rocks Granite and locally in contact with sediments of the Spargoville Group. Significant NW to WNW-trending structures along the western flank of the Project are interpreted from aeromagnetic data to cut through the granitic intrusion.

These structures are conidered important in localising gold mineralisation at Theia, which now has a mineralised footprint extending over a strike length of more than 1.5km. A second sub-parallel structure hosts gold mineralisation at the Iris deposit. The mineralised footprint at Iris extends over a strike length of approximately 700 metres, combining with Theia to form a mineralised zone extending over a strike length of more than 2.2 kilometres.

At Eos, located further to the south-east, a relatively shallow high-grade mineralised palaeochannel deposit has been identified. Mineralisation at the Hestia deposit, located approximately 500 metres west of Theia, is associated with a shear zone, adjacent to a mafic/sediment contact, interpreted to be part of the major north- south trending group of thrust faults known as the Spargoville Shear Corridor. The mineralisation at Hestia, which is present in a different geological setting to the primary mineralisation at Theia and Iris, remains open down-dip and along strike.

Locally, the Spargoville shear corridor hosts the historically mined Wattle Dam gold mine and, further to the north, the Ghost Crab/Mt Marion mine. Mandilla is covered by existing Mining Leases which are not subject to any third-party royalties other than the standard WA Government gold royalty. A nine hole (2,000m) DD program commenced on 26 January 2023.

This program is targeting further extensions on the western flank of Theia. It is important to note that 220,000 ounces of Mineral Resources were added at Theia from only 6,447 metres of drilling as part of the Mineral Resource Estimate (MRE) update announced late last year. A 25,000 metre RC program also commenced on 25 January 2023.

This program will initially target the Hestia deposit, where a maiden Mineral Resource Estimate was declared in December 2022. The planned drilling will in-fill the sectional spacing from 160 metres to 40 metres, aiming to convert unclassified mineral inventory to reportable Mineral Resources. On completion of the Hestia drill program, the RC rig will target the eastern flank of Theia, testing for the continuation of the high-grade mineralised trends in a sparsely drilled portion of the deposit.

Additional extensional and in-fill drilling will also be undertaken in the southern portion of the Theia deposit. Eos will be tested at depth to delineate the potential bedrock source of the currently defined paleochannel deposit, noting that previous drilling into the upper metre or so of bedrock has resulted in the identification of what appears to be primary mineralisation. Feysville is located within the north, north-west trending Norseman - Wiluna Greenstone Belt, within the Kambalda Domain of the Archean Yilgarn Craton.

The Feysville Gold Project hosts an MRE of 3Mt at 1.3g/t Au for 116koz of contained gold2 at the Think Big deposit. Significant gold and nickel mineralisation occurs throughout the belt, including world-class deposits such as Northern Star's Golden Mile Super Pit in Kalgoorlie and Gold Fields' St Ives Gold Mine south of Kambalda. Locally, Feysville has been interpreted to contain upthrust ultramafics, emplaced within a sequence of volcanic sediments, granitic intrusions, mafic basalts, gabbro and andesite.