Astron Corporation (ASX:ATR) announced financial results for the quarter ended 30 September 2022.

Comprehensive review of Donald Project parameters under taken to improve capital efficiency and reduce execution risk. Aligns Phase 1 project with existing regulatory approvals.

Phased development pathway planned for the Donald Project with detailed Phase 1 development timetable announced. Multiple value horizons expected over project life.

A wide range of activities for the Donald Project Feasibility Study is underway. An updated mineral resource over the Mining Licence area is expected in Q4 2022 and the completed Feasibility Study is expected by Q1 2023.

Niafarang Project licence renewals underway with stakeholder engagement on-going.

Subsequent to Quarter-end, $5 million raised in a placement and SPP announced.

Following the announcement the company?s share price unchanged.