Astral Resources (ASX: AAR) unveils compelling financial outcomes from Mandilla gold scoping study (w/ Marc Ducler)

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7M ago 20:05

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Astral Resources (ASX: AAR) managing director Marc Ducler joins Small Caps to discuss the positive results obtained into a study into the potential development of the 100%-owned Mandilla gold project in Western Australia.

One of the largest undeveloped free-milling open pit gold development projects in the rich Kalgoorlie region, Mandilla is forecast to produce around 100,000 ounces per annum at an average feed grade of 1.30 grams per tonnes gold over an initial 7.4-year period.

The Astral board is now assessing a move to the pre-feasibility phase for the project after the scoping study results highlighted commercial viability of a stand-alone gold mining operation.

Key financial outcomes from the scoping study include free cash flow of $740 million and a net present value (8%) of $442 million.

Astral believes there is significant growth opportunities at Mandilla and continues to advance exploration and resource definition efforts as well as at the company’s nearby Feysville gold project.

Article:
https://smallcaps.com.au/astral-resources-releases-positive-scoping-study-mandilla-gold-project/

For more information on Astral Resources:
https://smallcaps.com.au/stocks/asx-aar/

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