Astra ExplorationTSXV:ASTR

mineralization (Mar–May 2026). The company reports the system is open in every spatial dimension, with the west feeder extending approximately 750 m and still open, and additional fertile host rock units added (May 2026). Management says there is potential to expand into a multi-million ounce asset, with very high-grade gold and silver—citing ounces of gold and kilograms of silver in open drill intercepts, including intervals of 35 g gold with 8,300 g silver and over 200 g gold—and the system remains unconstrained along strike, at depth, and within a 5600-hectare property that is mostly unexplored (Oct 2025–Jan 2026).

The company has also noted having projects in Chile in a March 2026 statement. Across interviews from October 2025 through May 2026, the focus has remained on Argentina, and specifically Santa Cruz, as the primary jurisdiction for their operations.

The company notes the project was previously explored as a bulk-tonnage low-grade disseminated deposit, whereas its new approach targets high-grade feeder zones at depth that had never been identified (January and October 2025). A key assumption underlying this targeting is that veins converge at 4 to 500 meters vertical depth, based on projection of converging zone geometry (May 2026).

The company reports that the phase 1 maiden program completed this year was 2,500 meters and cost $1.3 million.

In November 2025, the company reported a treasury of about $7 million (over $7 million). By March 2026, it said it had about $4 million in cash, with approximately $1 million remaining after completing 5,000 meters of drilling, and noted that $6.2 million raised the prior year was intended for at least 10,000 meters of drilling. In a May 2026 update, management reported a $10 million bought deal with a $4.5 million oversubscription, totaling $12.5 million from institutions including Schroders and Terra Capital, and stated that $15 million in capital was needed—while back in March 2026 it had said it expected to raise more money later that year. Earlier, in October 2025, management said about half of the company's market cap was needed for the next phase of drilling in Chile, and that Michael Gentilli participated in four or five rounds of financing.

In March 2026, the company reported having completed 2,500 meters in 11 holes in a first program and 5,000 meters across 25 holes late last year, with 13 holes released and 12 pending—those remaining 12 were expected out by end of that month. Looking ahead, a second 5,000-meter drilling program, using two drills, was expected to start in about a month (March 2026), while by May 2026 management was hoping for a first batch of assays in July and described a Phase three program of a minimum 5,000 m (potentially 6,000–7,000 m) with a pause in September–October, aiming for 20,000 to 30,000 meters of drilling over the next 12 to 18 months.

The company reports a 10,000-meter drill program at La Manuria is on the horizon as a key upcoming milestone.

The company reports that CEO, director and co-founder Brian Miller founded Astra in 2020, and that several team members have made multiple discoveries, including world-class ones, and produced value for shareholders through several successful exits. Management also states that they own a significant amount of the company and have a lot of money invested. Additionally, head of exploration Diego Gito is based in Buenos Aires and has lived there his whole life, while VP and country manager Roberto is based in Santiago and has worked extensively in Chile and Argentina.

The company also notes that insider Michael Gentilli holds about 17% of the shares (as of October 2025).