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Austral Resources Invites Shareholders to Boost Holdings in $5M Priority Placement
9:32am on Thursday 26th of February, 2026 AEDT
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Mining
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Austral Resources Invites Shareholders to Boost Holdings in $5M Priority Placement
9:32am on Thursday 26th of February, 2026 AEDT
Key Points
Shareholder Priority Placement (SPP) to raise up to $5 million at $0.09 per share
Concurrent Placement Offer and QCMBTF Offer targeting approximately $26.8 million
Shareholder approval sought for AES Debt Conversion involving up to 40 million shares
Funds earmarked for Rocklands and Lady Loretta project upgrades, exploration, and equipment
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AUSTRAL RESOURCES AUSTRALIA (ASX:AR1)
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