Astral Resources NL (AAR) Q3 2026 TU earnings summary

Executive summary

• Significant drilling activity across Mandilla, Feysville, and Spargoville projects, with over 41,000m drilled in the quarter, targeting resource growth and grade control.

• Mandilla DFS technical work and permitting progressing, with heritage surveys underway and water exploration a key focus.

• Cash position of $73 million at quarter-end, following a $1.76 million capital raise via share placement.

Financial highlights

• Cash outflows for the quarter were $4.9 million, mainly for exploration and evaluation (81%).

• Cash inflows totaled $2.0 million, primarily from share placement and option exercises.

• Cash balance decreased from $76 million to $73 million over the quarter.

• No debt drawn; $2.44 million available from a lithium JV facility.

Outlook and guidance

• Mandilla DFS completion targeted for H2 2026, with FID to follow and first gold production expected early 2028.

• Ongoing drilling and resource definition at Mandilla and Spargoville to continue in the next quarter.

• Proposed JV at Feysville's Think Big deposit aims for mining start in H2 2026.