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Austral Resources Secures Lady Loretta Mine, Boosting Copper Pipeline and Cash Reserves
7:06pm on Friday 30th of January, 2026 AEDT
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Mining
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Austral Resources Secures Lady Loretta Mine, Boosting Copper Pipeline and Cash Reserves
7:06pm on Friday 30th of January, 2026 AEDT
Key Points
Acquisition of Lady Loretta mine and associated tenements from Glencore
A$45.5 million cash inflow expected at completion, boosting unrestricted cash to ~A$65 million
Consolidation of tenure adjacent to Lady Annie Copper Mine expands copper mineralisation pipeline
Near-term plans include pit cutback mining and exploration drilling in 2026
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Austral Resources Australia (ASX:AR1)
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