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Austral Resources Secures $40M Placement to Power ASX Return and Copper Growth
12:11pm on Tuesday 21st of October, 2025 AEDT
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Mining
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Austral Resources Secures $40M Placement to Power ASX Return and Copper Growth
12:11pm on Tuesday 21st of October, 2025 AEDT
Key Points
Binding commitments received for $40 million placement at $0.05 per share
Funds earmarked for balance sheet recapitalisation, Rocklands mine development, and exploration
Placement supports ASX reinstatement targeted by 31 October 2025
Recent acquisitions of Rocklands and Lady Loretta position Austral for mid-tier copper production
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Austral Resources Australia (ASX:AR1)
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