ASTRON LIMITED — Interim / Quarterly Report 2012

Oct 25, 2011

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ASTRON LIMITED ABN 97 000 285 272

Notice to the Australian Stock Exchange Production and Exploration Report Quarter Ended 30 September 2011

Donald Mineral Sands Pty Ltd (100% controlled by Astron Limited)

Donald Mineral Sands Pty Ltd owns EL4432, EL4433, EL5255, EL5263, EL5353 and MIN5532 which together comprise the Donald Mineral Sands Project (Donald Project).

PRODUCTION

During the quarter the Donald Project did not conduct any production activities.

DEVELOPMENT

During the quarter development on the Donald Project continued. The following was undertaken:

Work plan

• The work plan was submitted to Victorian Department of Primary Industries. This includes the completion of phase 1 of the Cultural Heritage Plan.

Water

• Discussion with GWMW on supplying water to the project is ongoing.

Feasibility study

• Work continued on the feasibility study including further work on more accurately defining operating expenditure.

Exploration

• A number of exploration work plans were submitted to the relevant authorities in relation to planned exploration programs scheduled for early next year.

• Review of historical drill holes (some 2,200 holes) has been reviewed and reported upon, forming the basis for planned future work for both fine and coarse grain mineral sands.

Registered Office: Level 19, 2 Market Street, Sydney NSW 2000, Australia Tel: 61 2 9375 2361 Fax: 61 2 9375 2121 www.astronlimited.com

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EXPENDITURE SUMMARY

Total expenses have been incurred as follows:

Production Activities Sept Qtr 2011 YTD 2011 FY Nil Nil Development Activities Sept Qtr 2011 Sept 2011 FY 551,459 551,459

Astron Gambian and Senegal Investments

Further to the previous announcements with respect to the Gambian mining operations there was no activity for the current period to report.

The uncertainty continues with regard to the mining licence, company situation and the claim against The Gambian Government.

Sydney 25 October 2011

Contact details

Simon Peters Mining and Development Manager (03) 5385 7088

Mark Nielsen Company Secretary (02) 9375 2361

Registered Office: Level 19, 2 Market Street, Sydney NSW 2000, Australia Tel: 61 2 9375 2361 Fax: 61 2 9375 2121 www.astronlimited.com