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ASX:ARO

Astro Resources NL

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Market:
ASX
Market Cap:
$18.82 m
Price
0.01 AUD
Change
25.00%
52 weeks high
0.01
52 weeks low
0.00

In brief

Astro Resources NL (ASX:ARO) operates through three exploration segments - heavy mineral sands, diamonds and gold - but its main focus is to transform to a mineral sands developer at the Governor Broome Mineral Sands Project in the Nannup region of Western Australia.

Governor Broome is a heavy mineral sands (HMS) project in minerals sand-rich coastal plains and with an indicated resource of 52 million tonnes at 4.6% heavy minerals.

It also has the Needles Gold Project in the gold-prolific US State of Nevada and its wholly-owned Lower Smoke Creek Diamond Project southwest of Lake Argyle in Western Australia.

Snapshot

  • Astro Resources in strong financial position to move forward after productive FY2021
  • Astro Resources raises $1.996 million in first tranche 1 of capital raising to fund work programs across project portfolio
  • Astro Resources to kick off diamond drilling at Needles gold project in November

Insight Widest with the analysis, Proactive gives perspectives that others don't.

Astro Resources raises $1.996 million in first tranche 1 of capital raising to fund work programs across project portfolio

The company completed its capital raising on February 24, with proceeds to help fund further development of three projects - Needles Gold Project in the US and the Governor Broome Minerals Sands...

on 8/3/21