Astral Resources secures land use, boosts Feysville Gold Project development

Astral Resources’ subsidiary, Feysville Gold Pty Ltd, has executed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group for its Feysville Gold Project, including the Think Big deposit. This agreement establishes protocols for heritage surveys, site protection, and clearance procedures, facilitating mining operations and paving the way for a Mining Lease grant. The deal aligns with a recently announced Development Partnership with Mineral Mining Services Pty Ltd (MMS), under which MMS will fully fund the Think Big development costs, recouping funds from initial project cash flows. This is expected to bring forward gold production from the 85,200oz Think Big deposit.

The company also announced an increase in its issued capital through the quotation of 6,242,394 fully paid ordinary shares issued on October 24, 2025, resulting from the exercise of AUD 0.14 listed options. This brings the total ordinary fully paid shares on issue to 1,451,524,696. Additionally, 5,968,788 unquoted 2026A Performance Rights were issued on October 21, 2025, under an employee incentive scheme, with some issued to key management personnel. These movements reflect ongoing operational and financial activities at Astral Resources, supporting the development of its gold projects.