Copper producer Austral Resources Australia Ltd. is pleased to announce that it has received firm commitments to raise A$17 million in an institutional placement of approximately 45.9 million shares at an issue price of A$0.37 per share . Under the Placement, Dan Jauncey, Managing Director and CEO, will subscribe for A$1 million worth of New Shares, subject to shareholder approval at a general meeting of the Company [...]
The Board of Cannindah Resources Limited is pleased to announce the appointment of Mr Michael Hansel as a non-executive Director of the Company. Michael is a Corporate Partner of HopgoodGanim Lawyers specialising in mergers and acquisitions, capital raisings, due diligence, takeovers, joint ventures, corporate restructuring and private equity transactions. Michael acts for a number of ASX-listed entities in the resources [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce the completion of a maiden Mineral Resource for the Enterprise deposit within EPM 17527 in Austral's Eastern Succession tenement package. Highlights: - Maiden Mineral Resource Estimate completed for the Enterprise Deposit within Austral's Eastern Succession tenements - The Mineral Resource at a 0.7% Copper cut-off and to a depth of 85m below surface [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce the drilling results from the Flying Horse diamond drilling program. Highlights: - Assay results from drilling at Flying Horse, a copper sulphide resource at Mt Kelly includes 14m @ 2.23% Cu, 11m @ 2.30% Cu and 19m @ 1.69% Cu - Continued evaluation of potential suitability of Mt Kelly copper sulphide ore for sulphide heap leach SX-EW technology [...]
As previously announced, Austral Resources Australia Ltd. has commenced work to re-evaluate the current global resource, with a focus on the current sulphide resource. The intent is to determine the potential at LC for a lower tonnage, higher grade resource that could be economically open pit mined. Progress to date includes. - Completed update and re-calculation of the LC sulphide resource by an independent resource [...]
Copper producer Austral Resources Australia Ltd. is pleased to provide an overview of its activities for the Quarterly period ending 30 June 2022 . During the Quarter, the Company's Anthill Mine delivered 354,000t of ore with 156,996t of stacked ore onto the Mt Kelly heap leach, paving the way to achieving >6,000t of copper cathode production in 2022 and >12,000t in 2023, as Austral continues to execute its growth [...]
Copper producer Austral Resources Australia Ltd. would like to advise that the Company's CEO, Steve Tambanis, and the Company, have mutually decided to not renew their consulting contract that expires on 31 July 2022. Mr Tambanis joined the Company in July 2021 and has made a significant and valuable contribution to the commencement of mining at Anthill and initiation of Austral's exploration and development strategy. Dan [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce the appointment of Ben Coutts as Exploration Manager, effective 19 June 2022. Mr Coutts has deep technical international experience both in exploration and mine geology. He has held senior roles with Freeport, BHP/S32 and Evolution Mining. Mr Coutts has a successful track record of increasing Mineral Resources in copper projects and base metals [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce that the first Anthill copper cathode has been produced, successfully completing an intensive mine development and plant commissioning since listing eight months ago. This paves the way for Austral to meet its stated objective of producing copper cathode at a rate of 10,000tpa from mid 2022. Austral's Chief Executive Officer, Steve Tambanis [...]
Copper producer Austral Resources Australia Ltd. is pleased to announce that the Company has entered into reciprocal non-binding exploration earn-in agreements with MIM, a subsidiary of one of the world's largest mining companies, Glencore. The reciprocal nature of the Earn-in Agreements is value generating for both parties. For Austral, this will involve expanding its oxide exploration activity in both the Exploration [...]
VIDEO: Copper producer Austral Resources Australia Ltd. is pleased to provide an exploration and development update following commencement of Anthill ore processing at its Mt Kelly heap leach SXEW plant. Austral expects to be producing 10,000tpa of copper cathode from mid-2022, enabling self-funding of exploration and development activities. To view the video, please visit: https://www.abnnewswire.net/press/en/110631/ar1 [...]
Copper producer Austral Resources Australia Ltd. is pleased to provide an exploration and development update following commencement of Anthill ore processing at its Mt Kelly heap leach SXEW plant. Austral expects to be producing 10,000tpa of copper cathode from mid-2022, enabling self-funding of exploration and development activities. The focus is on discovering additional oxide copper ore to augment Anthill oxide feed [...]
+233,33 %
-77,78 %
