Astral Resources NL reported the first assay results from recently completed RC and diamond drilling at its 100%-owned Feysville Gold Project (Feysville or Project), located approximately 14km south of Kalgoorlie in Western Australia (Figure 1). The Feysville Gold Project is located within the north-north-west trending Norseman - Wiluna Greenstone Belt, within the Kambalda Domain of the Archean Yilgarn Craton. Feysville hosts an MRE of 3Mt at 1.3g/t Au for 116koz of contained gold 1 at the Think Big deposit, providing a foundation for the Project to potentially become a source of satellite ore feed to a future operation based on Astral's Mandilla Gold Project.

Significant gold and nickel mineralisation occurs throughout the belt, including world-class deposits such as Northern Star's (NST) 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 (the Black Flag sediment group), granitic intrusions, mafic basalts, gabbro and andesite. Drilling commenced at the Feysville Gold Project in December 2022, representing the first drilling program undertaken within the project area in three years.

Nine DD holes for an aggregate 1,411.9 metres and 26 RC holes for an aggregate 2,446 metres were completed across nine prospects. This announcement provides results for 26 RC holes/2,446m and six DD holes/1,023.9m. The locations of the drill holes reported in this announcement are shown in Figure 3. Four RC holes for 380 metres and two DD holes for 326.5 metres were drilled at Ethereal.

Drilling was designed to test interpreted structures and contacts identified from structural observations and previous drillhole logging. All gold assay results for Ethereal have been received. The best results at Ethereal include: 1m at 5.75g/t Au from 24m, 4.6m at 3.25g/t Au from 41.4m, 8.25m at 3.43g/t Au from 58.6m, and 4.2m at 1.69g/t Au from 128m in FRCD202; 11m at 1.81g/t Au from 49m to bottom-of-hole in FRC213; and 12m at 1.37g/t Au from 43m in FRC212.

The cross section in Figure 4 illustrates the current interpretation of multiple flow top breccia units which have increased porosity and rheological contrast compared to the adjacent ultramafic rocks, providing an ideal location for the gold mineralisation being intersected. Historical intercepts within the interpreted flow top breccia units include: 9m at 9.98g/t Au from 109m in FEC413; 5m at 9.76g/t Au from 38m in FEC295; and 6m at 3.98g/t Au from 60m in FER274. Encouragingly, RC hole FRC213 intersected a shear on the mafic-porphyry contact and remained in mineralisation at the bottom-of-hole.

This will require follow up with the next phase of drilling. Additionally, two zones of potential copper mineralisation were identified at Ethereal based on geological observations, with assays pending. A 10 metre wide zone of intermittent semi-massive sulphides including chalcopyrite and bornite from 138 metres and a second 11 metre wide zone of intermittent semi-massive sulphides including chalcopyrite and bornite from 156.9 metres were intersected in hole FRCD203.