Astral Resources (ASX:AAR) reported "outstanding" results from metallurgical samples collected in the Theia deposit at the Mandilla gold project in Western Australia, according to a Wednesday filing with the Australian bourse.
The mineral explorer logged an average gravity recovery of 87.6% and an average overall gold recovery of 98.2% after 24 hours of leaching, per the filing.
The company expects to complete an updated mineral resource estimate for Mandilla in the March quarter. The project's pre-feasibility study is due in the June quarter.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.