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Austral Resources Raises $40M to Reboot Rocklands Copper Project
9:24am on Thursday 4th of September, 2025 AEST
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Mining
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Austral Resources Raises $40M to Reboot Rocklands Copper Project
9:24am on Thursday 4th of September, 2025 AEST
Key Points
Placement offer of 800 million shares at 5 cents to raise $40 million
Acquisition of Rocklands Project via DOCA with Dragon Field International Limited
Debt conversions to Thiess and AES through share issuances
JORC-compliant Mineral Resource of 12.42 Mt at 0.68% copper, no Ore Reserves
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Austral Resources Australia (ASX:AR1)
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