For personal use only

ASX Announcement

6 June 2022

AAR TO PRESENT AT THE RESOURCES RISING STARS GOLD COAST CONFERENCE

Astral Resources NL (ASX: AAR) (AAR, Astral or the Company) is pleased to advise that Managing Director Marc Ducler will be presenting at the 2022 Resources Rising Stars Investor Conference on the Gold Coast tomorrow, Tuesday 7 June 2022 at 9:30am AEST.

The presentation slides to be delivered by Mr Ducler are attached.

Investors can watch the conference livestream at no cost by going to www.rrsinvestor.com

This announcement has been approved for release by the Company Secretary.

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ersonal use only

Closing in on

One Million Ounces

RRS 2022 Gold Coast

Conference Presentation

Managing Director - Marc Ducler

June 2022

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Disclaimer

The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular Investment Needs, Objectives and Financial Circumstances. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Astral Resources NL, their directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

Compliance Statement

The information in this presentation that relates to Estimation and Reporting of Mineral Resources is based on information compiled by Mr Michael Job, who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr Job is an independent consultant employed by Cube Consulting. Mr Job has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Job consents to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. The information in this presentation that relates to exploration targets and exploration results is based on information compiled by Ms Julie Reid, who is a full-time employee of Astral Resources NL. Ms Reid is a Competent Person and a Member of The Australasian Institute of Mining and Metallurgy. Ms Reid has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012

Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ms Reid consents to the inclusion in this presentation of the material based on this information, in the

form and context in which it appears. The information in this presentation that relates to metallurgical test work for the Mandilla Gold Project is based on, and fairly represents, information and supporting documentation compiled by Mr Marc Ducler, who is a full-time employee of Astral Resources NL. Mr Ducler is a Competent Person and a Member of The Australasian Institute of Mining and Metallurgy. The information that relates to processing and metallurgy is based on work conducted by ALS Metallurgy Pty Ltd (ALS Metallurgy) on diamond drilling samples collected under the direction of Mr Ducler and fairly represents the information compiled by him from the completed ALS Metallurgy testwork. Mr Ducler has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Ducler consents to the inclusion in this presentation of the material based on this information, in the form and context in which it appears.

Previously Reported Results

There is information in this announcement relating to exploration results which were previously announced on 19 June 2020, 11 August 2020, 15 September 2020, 17 February 2021, 26 March 2021, 20 April 2021, 20 May 2021, 29 July 2021, 26 August 2021, 27 September 2021, 6 October 2021, 3 November 2021, 15 December 2021, 22 February 2022, 3 May 2022 and 6 June 2022. Other than as disclosed in those announcements, the Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements.

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Key Investment Highlights

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  • Total gold Mineral Resource inventory of 27Mt at 1.1g/t Au for 900koz contained gold1
  • Mandilla contains a 2.5km Mineral Resource envelope with mineralised trend open to the south
  • Rapidly growing the Mandilla Mineral Resource with
    3 MRE's completed in 8 months
  • Significant potential exists to grow Mandilla to >1,000,000oz
  • Strong opportunity to build additional Resources at Feysville

1 Combined JORC 2012 MRE includes; Indicated Mineral Resources of 12.5Mt at 1.1g/t Au for 427koz and Inferred Mineral Resources of 14.1Mt at 1.0g/t Au for 473koz

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Corporate Overview

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Shares On Issue

Market Capitalisation

596.2M

$53.7M

(at $0.09 per share)

Options / Rights

Cash on Hand

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15.2M/16.5M

$4.8M

(Ave exercise price 22c)

(As at 31 Mar 2022)

Significant Shareholders:

Board & Management

5.5%

ersonal

Porter Street Investments

10.6%

Braham Consolidated

5.4%

ACN106 966 401

4.2%

Top 20

55.2%

Institutions

4.4%

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Share Price (A$/Share)

$0.14

$0.12

$0.10

$0.08

$0.06

$0.04

$0.02

$-

AAR Share Price Chart

4,000,000

3,500,000

3,000,000

2,500,000

(m)

2,000,000

Volume

1,500,000

1,000,000

500,000

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Disclaimer

Anglo Australian Resources NL published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2022 06:51:08 UTC.