#GoldSectorUpdate
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colitco · 3 months ago
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📢 FURTHER HIGH-GRADE INTERCEPTS AT KAMPERMAN – ASTRAL RESOURCES ADVANCES FEYSVILLE EXPLORATION ⚒️📈
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Astral Resources NL (ASX: AAR) has reported further strong results from its latest diamond drilling program at the Kamperman Deposit, part of its 100%-owned Feysville Gold Project near Kalgoorlie, reinforcing the project’s potential contribution to the upcoming Mandilla Gold Project Pre-Feasibility Study.
🔍 Drilling Highlights:
• FRCD395: ▪ 20.5m @ 3.61g/t Au from 19.8m (incl. 0.6m @ 25.9g/t Au & 1m @ 17.8g/t Au) ▪ 18.8m @ 2.07g/t Au from 72.2m (incl. 1m @ 11.3g/t Au) ▪ Aggregate: 112.6 gram-metres
FRCD396: ▪ 4.2m @ 3.34g/t Au from 53.8m ▪ 10m @ 13.5g/t Au from 62.3m (incl. 2.5m @ 51.8g/t Au) ▪ Aggregate: 149.2 gram-metres
FRCD397A: ▪ 5.7m @ 1.83g/t Au from 109.5m ▪ 20.8m @ 2.15g/t Au from 120m (incl. 0.85m @ 12.7g/t Au) ▪ 3m @ 26.6g/t Au from 148.8m ▪ Aggregate: 138.2 gram-metres
📌 These results highlight multiple high-grade zones, structural continuity and the potential discovery of a new unmodelled high-grade lode.
🛠️ Exploration Momentum Builds: • 265-hole air-core program completed – assays pending
46-hole RC program now underway, targeting resource growth at Feysville
🗣️ “Kamperman continues to exceed expectations with every hole drilled. These results validate its potential as a high-grade satellite source for the Mandilla development,” said MD Marc Ducler.
Investor Outlook:
Astral Resources (ASX: AAR) is trading at $0.16 per share, offering exposure to a growing pipeline of high-grade gold assets in Western Australia. As metals markets remain robust, Astral’s continued exploration success at Feysville and Kamperman adds to its strategic advantage. With strong intercepts and resource updates on the horizon, investor sentiment may strengthen ahead of the Mandilla Pre-Feasibility Study.
📍Read More: https://www.investi.com.au/api/announcements/aar/4b2871f9-5db.pdf
⚠️ This update is based on official exploration results. Not investment advice — please do your own research before making investment decisions.
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colitco · 3 months ago
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📢 ASTRAL RESOURCES NL Declares Takeover Offer Best and Final – Maximus Shareholders Urged to Act Before Deadline ⚒️📈
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Astral Resources NL (ASX: AAR) has declared its off-market takeover bid for Maximus Resources Ltd (ASX: MXR) as best and final, reinforcing its commitment to strategic consolidation and shareholder value creation in the gold exploration sector.
🔍 Offer Snapshot:
The Offer remains 1 AAR share for every 2 MXR shares held under the Bidder’s Statement dated 3 February 2025.
📌 Key Offer Highlights:
✅ Offer declared best and final — no increase in consideration
⏳ Unconditional Offer closes at 7pm AEDT, Friday 21 March 2025 (unless extended)
⚡ Accelerated payment terms – Astral shares issued within 10 business days of valid acceptance
📊 Astral now holds 81.67% voting power in Maximus (as of 14 March 2025)
💼 Shareholders may be eligible for rollover tax relief (refer to Section 10 of Bidder’s Statement)
💻 How to ACCEPT the Offer:
➡ Online via Automic Portal ➡ Or instruct your broker (for CHESS holders)
📝 “Astral’s majority control of Maximus marks a pivotal step in unlocking long-term strategic value,” the company stated in its 17 March 2025 update.
Investor Outlook:
Astral Resources (ASX: AAR) is trading at $0.15 per share, offering investors exposure to a growing gold portfolio now further bolstered by the strategic control of Maximus Resources. With the Offer declared best and final, the acquisition is expected to enhance asset synergies and operational scale. The majority ownership and potential rollover tax relief offer added incentives for shareholders to act before the deadline. As Astral strengthens its position in the Australian gold sector, market sentiment may drive further investor interest.
📍Read More: https://astralresources.com.au/asx-announcements/
⚠️ This update is based on the official Offer release. Not investment advice—please do your own research before making investment decisions.
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