Austral Resources Australia Ltd
Austral Resources Australia Ltd is an Australia-based copper cathode producer, developer and explorer located in the Mt Isa District of northwest Queensland.
The business
Austral Resources Australia Ltd is an Australia-based copper cathode producer, developer and explorer located in the Mt Isa District of northwest Queensland. The Company’s projects include Anthill Project, Lady Annie Project, Cameron River Project, and Miranda Project. The Anthill Project area lies within the Lady Annie Project, and it is located 45 kilometers (km) from the Mt Kelly processing facility. The Lady Annie Project tenements are in the Western Fold Belt of the Mount Isa Inlier. The Cameron River Project tenements lie within the Eastern Fold Belt of the Mount Isa Inlier with the northern most tenement close to the boundary with the Central Kalkadoon-Leichardt Belt. The tenements are prospective for copper, gold and rare earths. The Miranda Project tenements lie predominantly within the Central Kalkadoon-Leichardt Belt of the Mount Isa Inlier. The Company has entered into an agreement to acquire the Rocklands Copper Mine located in North-West Queensland.
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Latest news
Austral Resources to Proceed with Proposed Hammer Metals Takeover after Larvotto Withdrawal
Austral Resources moves to acquire Hammer Metals for $80.7m after Larvotto withdraws; Hammer valued at 0.087/sh, 31.1% stake in enlarged group.
Austral Resources Australia Receives QIC Royalty Financing to Plan Rocklands Expansion
Austral Resources secures $15m QCMF royalty for Stage 2 Rocklands expansion, targeting 4.5-6 Mtpa copper; non-dilutive funding preserves equity.
Austral Resources Australia Submits Binding Hammer Metals Bid after Superior Proposal Finding
Austral Resources submits binding $80.7m proposal to acquire Hammer Metals via a scheme, offering 1.2903 AR1 per HMX and ~31.1% of the merged group.
Austral Resources Continues with Restart of Rocklands Processing Plant
Austral Resources restarts Rocklands, opens Lady Annie mining fronts after high-grade Snow Queen copper-gold discovery, signaling cash position and growth.
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