Astral Resources NL (Astral or the Company) provided an update on the recently completed diamond drilling (DD) campaign primarily targeting the western flank of the Theia deposit and testing two inferred high-grade conjugate gold trends at the 100% owned Mandilla Gold Project (Mandilla or Project), located approximately 70km south of Kalgoorlie, Western Australia. Results received for three diamond holes from the recently completed drilling program at Theia, with best results including: 19m at 1.54g/t Au from 246.5m, including 0.35m at 15.76g/t Au from 222.55m and 0.3m at 67.38g/t Au from 251.3m in MDRCD483, and o 19.6m at 1.08g/t Au from 216.4m, including 0.3m at 10.75g/t Au from 224.7m and 0.3m at 13.15g/t Au from 234.0m MDRCD642. Holes MDRCD483 and MDRCD642 will extend Theia mineralization to the west.

The 16hole diamond drill program targeting the Theia and Hestia targets has been completed, with visible gold observed in 14 holes. Assay results are pending for a further eleven holes. In addition, drill hole MDRCD652, testing an interpreted north trending shoot control on the eastern flank at Theia, intersected several zones of mineralization with visible gold.

Mineralization in MDRCD652 occurs outside the current MRE pit shell. Diamond drilling at Hestia confirmed the presence of a highly altered shear zone with sulphide mineralization, quartz veining and visible gold over significant visible widths, with assays pending. An updated Mineral Resource Estimate (MRE) is scheduled for completion in the December Quarter 2022 following receipt of outstanding diamond drilling assay results.

Diamond drilling at Feysville is expected to commence in the current Quarter.