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Austral Resources Secures Lady Loretta, Set to Clear $21.5M Debt
12:02pm on Monday 16th of February, 2026 AEDT
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Mining
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Austral Resources Secures Lady Loretta, Set to Clear $21.5M Debt
12:02pm on Monday 16th of February, 2026 AEDT
Key Points
Binding acquisition of Lady Loretta mine from Glencore
Repayment of $21.5 million Rocklands Facility debt upon completion
2.5% Net Smelter Return royalty payable to Glencore on copper output
Post-acquisition unrestricted cash estimated at approximately $41.5 million
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AUSTRAL RESOURCES AUSTRALIA (ASX:AR1)
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