Astral Resources NL (ASX: AAR) is excited to announce the updated JORC compliant Mineral Resource Estimate for the Feysville Gold Project. Located south of Kalgoorlie in Western Australia, this project holds significant potential for gold extraction and exploration. Here are the key highlights and implications of this update:
- The Feysville Gold Project now boasts a Mineral Resource Estimate of 5.0Mt at 1.2g/t Au, totaling 196koz of contained gold. This includes maiden estimates for the Kamperman and Rogan Josh deposits, along with an updated estimate for the Think Big deposit.
- The mineral resources have been estimated using a 0.39g/t Au lower cut-off, ensuring the quality and viability of the gold extraction process.
- Cost-effective discoveries at Kamperman and Rogan Josh showcase Astral’s efficiency in gold exploration, with an average cost of approximately $19 per ounce.
- The presence of oxide and transitional deposits at Rogan Josh and Think Big adds further value to the project, with substantial potential for increasing production targets.
- The ongoing Mandilla Pre-Feasibility Study benefits greatly from the higher grade Feysville ore, promising improved economic outcomes compared to previous estimates.
- Astral’s commitment to further exploration and drilling activities indicates a proactive approach to increasing the Group Mineral Resource Estimate.
- With the current spot gold price exceeding initial estimates, there is room for revising the pricing assumptions for improved accuracy in future estimates.
Astral Resources’ Managing Director, Marc Ducler, expressed confidence in the project’s prospects, highlighting the significant contributions expected from Feysville to the overall Mandilla Gold Project. With a focus on maximizing resource conversion and exploring new opportunities, Astral is well-positioned for continued success in gold extraction and exploration. Stay tuned for further updates and revised estimates in the coming months.
