advancing high-grade precious metals exploration in Argentina and Chile
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advancing high-grade precious metals exploration in Argentina and Chile
82 transcript-backed statements from 5 appearances, covering milestone, exploration upside, country and other company claims. These reflect management's own framing and have not been independently verified.
West feeder kind of extends how many meters now but 750 m or so, is that right? It's still open presumably.
Made new discoveries there recently. high-grade gold and silver near surface and a system that's wide open in every direction.
our flagship asset called La Manuria. very high grades near surface second year of exploration.
the original target the original thesis here is something that has potential for multi-million house deposit
this system is not constrained as was previously interpreted... the system does continue along strike in both directions. We've identified new parallel zones
It's got the potential to be a multi-million ounce asset in areas with existing infrastructure.
This is a great opportunity to potentially expand this into a multi-million ounce asset.
our flagship property La Mantua in southern Argentina. High-grade gold silver system near surface
Lameuri is the project in Argentina and it is a low sulfidation epiothermal system.
we have PMPA Paciencia which we did some drilling on a few years back. It's by Spence and Sierra copper mines. That's a big epiothermal system.
presented a great opportunity to make a discovery like a high-grade feeder system a serenegrotype discovery.
We are focused on discovery of precious metals, high-grade precious metals, uh, in Argentina and Chile.
very high-grade gold, very high-grade silver... I'm literally talking about ounces of gold and kilograms of silver in open drill intercepts near surface.
when I say high-grade, I'm literally talking about ounces of gold plus kilograms of silver in multiple drill intercepts that are open.
the potential opportunity for a high-grade, high margin, low capex property that has the potential to be fasttracked into production.
the phase 1 maiden program we completed this year was 2500 meters. It cost $1.3 million and at our peak share price it had created over $70 million in market cap.
the potential opportunity for a high-grade, high margin, low capex property that has the potential to be fasttracked into production.
we recently closed our largest financing near our all-time high share price
we would expect you to kind of raise more money later this year to kind of get after this thing.
we we we raised uh $6.2 million last year. Um, and that gave us enough money to do at least 10,000 mters of drilling.
the next phase of drilling there needed, you know, basically half of what our market cap was.
we've uh right now we've got about 4 million in cash, which gets us through this upcoming 5,000 mters of drilling. We'll have about a million bucks left over when we complete that.
We have a very tight share structure. Uh 112 million shares issued and outstanding and a strong treasury of about 7 million.
A strong treasury of over $7 million.
it was $10 million bought deal that we launched and we launched that at 6:00 a.m. Eastern. We had that oversubscribed before the market opened and then we had the upsize oversubscribed
He's participated in I think four or five rounds of financing now.
we could do 20,000 or 30,000 m in the next 12 to 18 months
then a second 5,000 m, which we'll start that second 5,000 m here in about a month.
We will be doing some work at Serobio in Chile here in the next month or so. Just some pre-drill work. So, some alteration mapping, some sampling,
we don't have any right at the moment. We'll start here in about a month. We had two drills on the program.
with the new discovery of a new vein here recently this week,
We just completed 5,000 mters late last year in 25 holes. And we've got 13 of those holes back and released now. We're waiting on the next 12.
The very first program we did last year, we did 2500 meters in 11 holes.
So, we still have 12 holes that will most likely get out by the end of the month.
The deepest hole on here when we got this was, I think, less than 200 vertical meters.
The last year the big achievement was obviously the securing a deal on La Manuria. Um that was done in the middle of 2024 and early 2025 was our first drill program
We've demonstrated that the system is larger. We've we've announced that in December in the news release
we are waiting assays right now currently on the first half of that program.
this phase three program. The idea here is a minimum of 5,000 m. If the weather holds, we'll push that to 6 or 7,000
I would hope to have a first batch back sometime in July
our flagship property La Mantua in southern Argentina
two two countries of interest, Chile and Argentina.
We're currently drilling on a project in Argentina.
We are focused on discovery of precious metals, high-grade precious metals, uh, in Argentina and Chile.
Our flagship asset is located in Argentina in the province of Santa Cruz.
we are currently focused on our high-grade gold silver deposit in Argentina
we're in Santa Cruz which you know it really does depend proincially
Our flagship asset is located in Argentina in the province of Santa Cruz.
He asked if he could look at Santa Cruz, Argentina.
My name is Brian Miller. I am the CEO, director, and co-founder at Astra Exploration.
My name is Brian Miller. I am the CEO, director, and co-founder of Astra Exploration.
several of these people have made multiple discoveries, even world-class discoveries in the jurisdictions in which we're looking.
a team who has proven themsel time and time again. So the people who are involved with this are highly credible and they've made several major discoveries. They've produced a ton of value for shareholders. They've had several successful exits.
It's a fantastic time, most exciting time of Astra since I founded it uh in 2020.
Our VP and country manager, Roberto, is based in Santiago. He's lived there his whole life. They've both worked extensively in Chile and Argentina.
our head of exploration, Diego Gito, is based in Buenosaris. He's lived there his whole life.
We think like owners, we act like owners because we are we're co-investors as well. We own a significant amount of ownership in the company and we have a lot of money invested.
we should see these things converging at, you know, 4 to 500 m vertical depth
The project was previously explored as and drilled as a bulk ton engineer surface resource. So lowgrade disseminated uh grades low-grade disseminated metals. U our approach to this was to go after the high-grade feeder zones
The a key part of this phase two, the first half of it was this geohysical survey that Diego had created to target the veins beneath the volcanic cover because most of this area is covered by a shallow uh cover concealment.
In Diego's mind, the big opportunity here was the feeder zones that had never yet been discovered.
an expanding footprint of this disseminated system. And so there's really kind of the two part that the primary the big prize is that high-grade feeder system.
It was not drilled very deep. On average, a little over 100 meters. The deepest holes were less than 200 meters.
The preliminary metallurgy is favorable and there's also nearby mining infrastructure, notably a couple of mills within 50 kilometers distance that are on care and maintenance.
We recently launched a 10,000 meter drill program at La Manuria.
Several catalysts coming up. It's a very exciting time for us as a company.
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