Australia's Astral Resources falls on discounted placement

Astral Resources NL

10/12/2025 24:54

** Astral Resources AAR.AX falls as much as 6.8% to A$0.205; marks steepest intraday pct fall since November 21

** Stock hits its lowest since November 28

** Metal explorer receives firm commitments to raise A$65 million ($43.2 million) via placement

** Issue price of A$0.2/share represents 9.1% discount to last close

** Proceeds will be used to accelerate development at co's gold projects in Western Australia

** YTD, AAR gains 59.3%

($1 = A$1.5060)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))