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Austral Resources Raises $40M to Reset and Expand Copper Operations in Queensland
9:24am on Thursday 4th of September, 2025 AEST
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Mining
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Austral Resources Raises $40M to Reset and Expand Copper Operations in Queensland
9:24am on Thursday 4th of September, 2025 AEST
Key Points
Placement to raise $40 million at $0.05 per share
Settlement of $45 million debt owed to Thiess via cash and equity
Debt-for-equity swap with Austral Equipment Solutions to clear $2 million liability
Binding agreements with Glencore for Rocklands acquisition, including tolling and loan facilities
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Austral Resources Australia (ASX:AR1)
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