Latest news with #AstralResources
Yahoo
07-05-2025
- Business
- Yahoo
Astral Resources Insiders Added AU$2.64m Of Stock To Their Holdings
In the last year, multiple insiders have substantially increased their holdings of Astral Resources NL (ASX:AAR) stock, indicating that insiders' optimism about the company's prospects has increased. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. We've discovered 4 warning signs about Astral Resources. View them for free. The Last 12 Months Of Insider Transactions At Astral Resources Over the last year, we can see that the biggest insider purchase was by insider Simon Braham for AU$2.5m worth of shares, at about AU$0.073 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.16. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price. In the last twelve months Astral Resources insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Astral Resources ASX:AAR Insider Trading Volume May 7th 2025 Astral Resources is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Insider Ownership Of Astral Resources I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Astral Resources insiders own 14% of the company, worth about AU$31m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. So What Does This Data Suggest About Astral Resources Insiders? There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Astral Resources insiders are doubting the company, and they do own shares. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 4 warning signs for Astral Resources (3 can't be ignored!) that we believe deserve your full attention.
Yahoo
07-05-2025
- Business
- Yahoo
Astral Resources updates MRE for Spargoville Gold Project in Western Australia
Astral Resources has announced an updated mineral resource estimate (MRE) for its Spargoville Gold Project in Western Australia (WA), now reporting 139,000oz of contained gold. This update is part of a series of acquisitions, including the Spargoville, Mandilla and Feysville gold projects near Kambalda, that have expanded Astral's gold resources to a consolidated 1.76 million ounces (moz). The Spargoville Gold Project, located 70km south of Kalgoorlie, has been integrated into Astral's portfolio following the company's takeover of Maximus Resources. Located in the Coolgardie Domain of the Kalgoorlie Terrane, the Spargoville Gold Project is positioned strategically near the St Ives gold camp. The project's MRE has been recalculated using the financial assumptions from its recent Mandilla update, resulting in a revised estimate of three million tonnes (mt) at 1.4 grams per tonne (g/t) gold. Independent consultancy Widenbar and Associates prepared the updated MRE in accordance with the JORC Code (2012 Edition). The estimate includes the Wattle Dam Gold Project, Eagles Nest, Hilditch, Larkinville and 5B deposits. Astral plans to commence drilling in the area surrounding the Hestia deposit at Mandilla this quarter, with a more extensive drilling programme set for the September quarter of 2025. The revised figures are based on a lower cut-off grade of 0.39g/t gold, constrained within pit shells determined by a gold price of A$3,500 ($2,265)/oz. Additionally, the updated MRE reflects the same cost assumptions that will be used in an upcoming Mandilla pre-feasibility study (PFS). The acquisitions have, together, significantly bolstered Astral's Group MRE to 50mt. Astral Resources managing director Marc Ducler said: 'With compulsory acquisition of the outstanding shares in Maximus having now been completed, we considered that it was important to set our own baseline for the recently acquired Mineral Resources at the Spargoville Gold Project. 'Astral's standard approach when testing the Mineral Resources for reasonable prospects for economic extraction (RPEE) includes a first step of regularising the block model, which is the process of varying the size of the block model shapes to approximate the size of the earth-moving machinery likely to be used in open-pit mining. 'This serves to more accurately reflect the amount of dilution likely to be experienced during open-pit mining and provides a good base for the subsequent optimisations used to identify the potentially economic portion of the mineralisation models.'
