Astro Resources NL provided an update on the proposed acquisition of 100% of the issued capital of Gymeny Pty Ltd. Upon completion of the Acquisition, Mr. David Astill will join the board of Astro. David is a Legal Practitioner Director of the Astill Legal Group for over forty years and retains active panel appointments with major banks and corporations in Australia. David is a Non Executive Director of Incipient Holdings Ltd. and is responsible for governance and the oversight of corporate actions.

It is envisaged that upon the completion of the Acquisition that Messrs. Jacob Khouri and Michael Povey will resign from the Board. Mr. Graham Libbesson will continue as an independent Non Executive Director of the Board.