Astral Resources NL (ASX:AAR)

A$ 0.15 0 (0%) Market Cap: 180.36 Mil Enterprise Value: 174.71 Mil PE Ratio: 0 PB Ratio: 4.05 GF Score: 26/100

Astral Resources NL at Vertical Events RIU Sydney Resources Round-Up Transcript

May 04, 2022 / 02:30AM GMT

Release Date Price: A$0.08855

Transcript

Marc Ducler

Astral Resources NL - MD

All right. Thank you very much for the opportunity to present this afternoon. (Conference Instructions) So Astral Resources; we are a gold-focused exploration and development company.

Mandilla, that's our shining star. It's grown to 784,000 ounces. We're out there drilling it at the moment. And we absolutely expect this to grow, continue, and grow over 1 million ounces. We've also got a really interesting tenement package at Feysville. That's got 116,000 ounces at the moment, and it's only 14 kilometers from the super pit.

Our top 20 shareholders within Astral is super supportive. They believe in a tenement package. And they believe in the management team. From a cash perspective, we have $4.8 million of cash in the bank. We recently divested the Koongie Park based minerals project, and that's yielded us $6 million in cash and scrip. So we have access to over $10 million in funding. So we're very well-funded.

This current management team joined Astral in January 2020. This the same team that was involved in Egan Street Resources. At Egan

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.