Astral Resources Nl · ASX:AAR
Astral Resources Nl — Diggers & Dealers Mining Forum 2023
16 slides from Astral Resources Nl's conference presentation, Aug 8, 2023
Slide 1: Kalgoorlie's new gold development story
ASX:AAR astralresources.com.au For personal use only Kalgoorlie’s new gold development story The Mandilla and Feysville gold projects August 2023
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for informational purposes only and does not The information in this presentation that relates to exploration targets and exploration results is based on constitute an offer to issue, or arrange to issue, securities or other financial prod
Slide 3: Corporate Overview
Corporate Overview Shares On Issue Market Capitalisation For personal use only 766.0M $53.6M Share Price (at $0.07 per share) 0.100 2500000 0.090 Options / Rights Cash on Hand 0.080 2000000 46.6M/9.6M $4.3M 0.070 (Ave exercise price 14c) (proforma as at 30 Jun 2023) 0.060 1500000 0.050 Significant S
Slide 4: Corporate & Technical Capability
Corporate & Technical Capability Board of Directors For personal use only Leigh Warnick Justin Osborne Peter Stern David Varcoe Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Leigh Warnick is an experienced Mr Osborne has over 30 years Is a graduate of Mo
Slide 5: Moving to Development in a Tier-1 Location
Moving to Development in a Tier-1 Location For personal use only ✓ Focused gold explorer-developer ✓ Two project hubs within 70km of Kalgoorlie ✓ Shallow, high-quality resource base totalling 1.38Moz ✓ Cornerstone Theia deposit – 1Moz in a single open pit ✓ Committed to drilling: ✓ 30,000 m drilled
Slide 6: Flagship Mandilla Gold Project
Flagship Mandilla Gold Project • Strategic land package in a premier gold mining jurisdiction, For personal use only 70km south of Kalgoorlie • Total MRE has grown to 37Mt at 1.1g/t Au for 1,265,000oz of 22km to the contained gold – increased by more than 153% in 26 months +20Moz St Ives Gold Mine •
Slide 7: Outstanding Track Record of Resource Growth
Outstanding Track Record of Resource Growth For personal use only Astral Resources Consolidated MRE Growth • The Mandilla MRE has grown by 153% in 26 months 1,600,000oz Group MRE, 1,381,000 1,400,000oz • July 2023 MRE added 231,000oz Group MRE, 1,150,000 1,200,000oz at a discovery cost of $18 per oz
Slide 8: Committed to Delivering Ounces and Value Through Drilling
Committed to Delivering Ounces and Value Through Drilling For personal use only • Over 30,000m of drilling completed in the first half of 2023 • 137,000m completed since company restructured in 2020 ASX:AAR | 8
Slide 9: Drilling at Mandilla Continues to Deliver
Drilling at Mandilla Continues to Deliver • 2023 diamond drilling has averaged 108 gram-metres For personal use only • Diamond drilling at Theia • 344 gram-metres of gold down the length of the hole, including: • 98m at 1.15g/t Au, 15.6m at 3.45g/t Au, 11.2m at 5.59g/t Au and 17.6m at 2.39g/t Au • 2
Slide 10: Mandilla – Increasing Ounces and Confidence
Mandilla – Increasing Ounces and Confidence 16% increase – 1.02Moz in single open pit; in-fill program yielded a 53% increase in the higher confidence Indicated category 1.7km THEIA For personal use only HESTIA IRIS EOS 370m 0.30 - > 0.60 g/t Au Successful in-fill drill program – yielded a 583% 50%
Slide 11: Theia Deposit – 1Moz in a Single Open Pit
Theia Deposit – 1Moz in a Single Open Pit • Theia’s scale is only For personal use only surpassed by: • Super Pit (NST) • Red Hill (NST) in the Kalgoorlie region • Current Resources limited by depth of drilling – still open at depth • Drilling perpendicular to interpreted maxima stress field continu
Slide 12: Feysville Gold Project
Feysville Gold Project • 14km south of Kalgoorlie 14km to the • MRE of 3Mt at 1.3g/t Au for 116,000oz of contained gold1 92Moz NST Super Pit For personal use only THINK BIG – MRE • 3,000m RC program underway at Kamperman, Hyperno and Ethereal: of 3Mt at 1.3g/t Au for 116koz • Kamperman – 10m at 4.57
Slide 13: What's Next…
What’s Next… Studies Mandilla Scoping Study: Potential Mandilla and Feysville For personal use only • expecting 70% conversion of Resources to “production target” Resource updates • Long life, strong margin, high debt carrying capacity Feysville RC drill program: Mandilla RC drill program: Mandilla
Slide 14: Why invest in Astral?
Why invest in Astral? Jaurdi ~800ktpa Plant Three Mile Hill 1.2Mtpa Plant Lakewood 1.0Mtpa Plant Boorara 11.0Mt @ 1.3g/t for • AAR is in a field of ONE – no other junior Greenfields Coogee 448koz Au For personal use only holds a deposit of this scale within a 1.0Mtpa Plant 1.4Mt @ 1.0g/t for 49koz A
Slide 15: Appendices
Appendices Mineral Resource Estimate for the Mandilla Gold Project (Cut-off Grade >0.39 g/t Au) 5 For personal use only Classification Tonnes (Mt) Gold (g/t) Ounces (koz) Indicated 21 1.1 694 Inferred 17 1.1 571 Total 37 1.1 1,265 Mineral Resource Estimate for the Feysville Gold Project (Cut-off Gra
Slide 16: Contact Us
For personal use only Contact Us Suite 2, 6 Lyall St, South Perth, WA, 6151 T: +61 8 9382 8822 E: info@astralresources.com.au Visible Gold in Mandilla diamond drilling ASX:AAR astralresources.com.au 16
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