The Governor Broome Project is Astro’s 100% owned Heavy Mineral Sands (HMS) Project located in the minerals sand rich coastal plains of Western Australia and the Company has to date developed an Indicated Resource of 52 Mt @ 4.6% HM. Additionally the Company holds a JV interest in an adjacent Iluka Resources Limited (ASX:ILU) HM deposit. The Governor Broome Project demonstrates the potential to generate economic cash clows with conventional mining techniques to produce a saleable heavy mineral concentrate.
The Company’s Reported Indicated Resource is contained over four deposits, North, South, East and West.
Astro recently commenced metallurgical testwork including a 2.6 tonne bulk sample tested for processing and production. It is the Company’s intention to carry out an updated Scoping Study in 2021 to incorporate these metallurgical results which will be key in the Company moving to a Pre-Feasibility Study.