How Will Austral’s Lady Loretta Acquisition Transform Its Copper Future?

• Acquisition of Lady Loretta mining leases and infrastructure from Glencore
• A$45.5 million net cash inflow at completion, boosting Austral’s unrestricted cash to ~$65 million
• Consolidation adjacent to Lady Annie Copper Mine enables pit wall cutback and exploration extensions
• 2.5% net smelter return royalty payable to Glencore on copper production from acquired tenements