--- title: "Astral Resources Delivers Strong Gold Grades at Spargoville as Mandilla Drilling Continues" type: "News" locale: "en" url: "https://longbridge.com/en/news/280383787.md" description: "Astral Resources has reported high-grade gold intercepts from its Spargoville project, with significant results from 39 drill holes. Key intersections include 13m at 7.10g/t Au and 5m at 9.35g/t Au. The mineralisation is interpreted to be open at depth, with ongoing drilling at the Mandilla project, including 110 sterilisation holes. The current Mineral Resource Estimate for the Wattle Dam Complex is 2.1 Mt at 1.3 g/t Au. Astral recently raised A$65 million to accelerate the Mandilla project's Definitive Feasibility Study, with completion expected in June 2026." datetime: "2026-03-24T23:40:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280383787.md) - [en](https://longbridge.com/en/news/280383787.md) - [zh-HK](https://longbridge.com/zh-HK/news/280383787.md) generator: "portal-rs" --- # Astral Resources Delivers Strong Gold Grades at Spargoville as Mandilla Drilling Continues Astral Resources has announced significant high-grade gold intercepts from its Spargoville project, with mineralisation interpreted as open at depth, complementing ongoing development drilling at its Mandilla project. Astral reported assay results from **39** reverse-circulation (RC) infill and extensional drill holes totalling **4,234m** at Spargoville's Wattle Dam Complex, supporting programs across the Redback, Huntsman, and Trapdoor prospects. Key intersections included **13m at 7.10g/t Au** from **87m**, notably containing **2m at 34.6g/t Au**, as well as **5m at 9.35g/t Au** from **38m**, including **3m at 13.8g/t Au**. Company interpretation suggests that the high-grade mineralisation is linked to the eastern contact of an interpreted porphyry and is steeper than previously understood. Importantly, the deepest drill tests indicate that the mineralisation remains open at depth, with the extent of mineralisation at Huntsman potentially increasing by as much as **150m** from the current resource. **Mandilla Drilling Continues** Development activities at the Mandilla project are progressing, with **110** holes of sterilisation RC drilling completed, totalling **16,760m**. This program is expected to continue into the **June 2026** quarter, pending heritage clearance. Further in-fill RC drilling is also underway for the Theia open pits, aiming to reduce spacing to **20m x 20m** for Stage Two and **12.5m x 12.5m** for Stage One, targeting a *Measured* Resource category. A diamond drilling program has commenced at Theia, comprising **six** holes for approximately **3,000m**, to test depth extensions below the current Stage Five open pit design. **Project Context & Resources** The current Mineral Resource Estimate (MRE) for the Wattle Dam Complex stands at **2.1 Mt at 1.3 g/t Au** for **91 koz** of contained gold. The total Spargoville MRE, as of **May 2025**, was **3 Mt at 1.4 g/t Au** for **139 koz**. Astral Resources has a track record of exploration success across its portfolio. Previous drilling results include high-grade intercepts at Kamperman in **January 2026**, with **14m at 6.79 g/t Au** and **13m at 6.60 g/t Au**. Drilling at Theia in **December 2025** also showed strong results, with intervals such as **21m at 7.13 g/t Au** and **33m at 2.21 g/t Au**. **Recent Funding & Development Milestones** In **December 2025**, Astral Resources completed a successful placement, raising approximately **A$65 million**. These funds are earmarked to accelerate the Mandilla project's Definitive Feasibility Study (DFS) and to fund early works and long-lead items. The Mandilla DFS remains on track for completion in the **June 2026** quarter. Adding to recent regulatory successes, a mining licence for the Feysville areas was granted in **January 2026**, facilitating progression towards a Mining Proposal and a Joint Venture with Mineral Mining Services for the Think Big Gold Mine. ### Related Stocks - [HHR.AU](https://longbridge.com/en/quote/HHR.AU.md) - [ARE.AU](https://longbridge.com/en/quote/ARE.AU.md) - [MEI.AU](https://longbridge.com/en/quote/MEI.AU.md) ## Related News & Research - [Juggernaut drills 20.24 meters of quartz-sulphide mineralization at Big One property in British Columbia’s Golden Triangle](https://longbridge.com/en/news/297182743.md) - [White Cliff Minerals Confirms 480% Expansion to Danvers 1 Copper System at Rae Project](https://longbridge.com/en/news/296853273.md) - [Saga Metals completes 22,432-meter drill program at Radar critical minerals project in Labrador](https://longbridge.com/en/news/296905781.md) - [Kenorland Minerals and Targa Exploration Commence Phase 2 Drill Program at the Opinaca Project Gold Discovery, Quebec | KLDCF Stock News](https://longbridge.com/en/news/297178244.md) - [Eureka Commences Stripping and Channel Sampling Program at KM98 Titanium Project | UREKF Stock News](https://longbridge.com/en/news/297173713.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**