Astral Resources confirms high-grade gold at Think Big deposit

Astral Resources has confirmed shallow, high-grade supergene gold mineralisation at the Think Big deposit, located 14km south of Kalgoorlie in Western Australia. The results follow a 92-hole, 5,229m reverse circulation infill drilling program conducted as part of the Feysville Gold Project.

Notable assay results include 11m at 7.34g/t gold from 38m and 12m at 5.89g/t gold from 30m. Other significant intersections include 3m at 10g/t gold and 9m at 6.01g/t gold. The drilling was performed by Mineral Mining Services (MMS) under a proposed joint venture agreement where MMS will fund 100% of development costs.

Under the terms of the joint venture, MMS will recover costs from initial project cash flows before profits are shared 50:50 until the venture reaches $40 million in profit. The Think Big deposit currently holds a mineral resource estimate of 2.4 million tonnes at 1.1g/t gold. Mining is expected to commence in the March quarter of 2027, with revenue anticipated in the June quarter of 2027.