Astral Resources' 100%-owned Mandilla Gold Project near Kalgoorlie, Western Australia hosts a resource of roughly 1.43 million ounces of gold across the Theia, Iris, Eos and Hestia deposits, with a completed pre-feasibility study outlining a 19-year mine life and A$2.8 billion in forecast pre-tax free cash flow, and a Definitive Feasibility Study targeted for completion around mid-2026.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.6/10.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Managing Director of Astral Resources NL, joined 23 Dec 2019. 20+ years in mining; previously Managing Director, Egan Street Resources Limited (ASX:EGA) until its takeover by Silver Lake Resources; earlier Superintendent Control at Roy Hill. [Lower confidence: company's own IR site returned HTTP 429 on every direct fetch this session; cross-verified via LinkedIn, ZoomInfo, Bloomberg, mining.com.au and the company's own YouTube channel rather than a direct IR-page load.]
Chief Operating Officer of Astral Resources NL. Mining engineer (Bachelor of Resource Engineering, UWA); senior roles in operations, site management, project development/construction, business development, and risk management; previously General Manager Technical Strategy & Growth at Glencore, plus roles at Egan Street Resources, Minara Resources, Xstrata Nickel, Western Areas, Gold Fields. [Lower confidence: sourced via secondary trackers, see note above.]
Chief Financial Officer and Company Secretary of Astral Resources NL, roughly 6 years' tenure per third-party trackers. [No detailed biography available from any source this session; company's own IR site returned HTTP 429 on every direct fetch attempt -- name/title only, flagged for follow-up direct verification.]
Exploration Manager of Astral Resources NL, background in exploration project planning. [No detailed biography available from any source this session; company's own IR site returned HTTP 429 on every direct fetch attempt -- name/title only, flagged for follow-up direct verification.]
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Two independent specialist managers sit above 5%: Ninety One UK Limited at roughly 5.7-6.9%, which bought 89.5 million shares for A$17.4M in December 2025, and Jupiter Fund Management at about 5.09%. 1832 Asset Management holds about 4.99%. Director-related party Marc Ducler bought 500,000 shares on-market at A$0.20 in January 2026. Institutional ownership of 28.6% corroborates. Bank of Nova Scotia ceased to be a substantial holder in March 2026.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.