Astral Resources said its wholly owned subsidiary Mandilla Nickel Pty Ltd has entered a transaction agreement with Estrella Resources to acquire rights and interests to nickel across specified West Kambalda and Spargos tenements. The company said the rights are currently held by Estrella subsidiary WA Nickel Pty Ltd.
Under the proposed consideration, Astral would issue Estrella 20 million fully paid ordinary shares at a deemed price of $0.15 each, representing $3 million in total consideration. Astral said 10 million of those shares would be voluntarily escrowed for six months from completion.
Completion remains conditional on shareholder, regulatory and other approvals or waivers, as well as agreements required to complete the transaction. Astral stated that completion was scheduled to occur by or on 12 October 2026.
Source: Download AAR official ASX announcement, 2026-10-06.
Map from Astral Resources' ASX announcement dated 6 October 2026.