Austral Resources Posts $11.9M Profit, Raises $65M for Copper Expansion

Financial Turnaround Amid Operational Shifts

Austral Resources Australia Ltd has reported a remarkable financial turnaround for the year ended 31 December 2025, posting a net profit of $11.874 million compared to a $22.62 million loss in 2024. This shift was largely driven by the classification of the Anthill Project as a discontinued operation following a production agreement that transferred operational control to secured creditors. The discontinued operations contributed a profit of $18 million, offsetting a $6.14 million loss from continuing operations.

Strategic Acquisition of Rocklands Copper Mine

In a significant move to bolster its copper production pipeline, Austral completed the acquisition of Copper Resources Australia Pty Ltd and the Rocklands Copper Mine in October 2025. This acquisition has been consolidated into the group’s financials from that date, marking a key milestone in the company’s growth strategy. The Rocklands asset is expected to play a central role in Austral’s copper output going forward.

Capital Raise to Accelerate Production

Post-reporting period developments include a binding commitment for a A$65 million capital raise, with the first tranche of $38.2 million already completed. The raise is cornerstoned by the QIC Critical Minerals and Battery Technology Fund, which has committed $15 million. The funds are earmarked to accelerate copper production and enhance operational capabilities at both Rocklands and Mt Kelly, including infrastructure upgrades, drilling programs, and working capital support.

Improved Liquidity and Asset Position

Austral’s cash and cash equivalents surged to $19.3 million at year-end, a dramatic increase from just $79,000 in 2024. Net tangible assets per share improved to $0.05 from a negative $0.05, reflecting a stronger balance sheet. Despite net operating and investing cash outflows during the year, management remains confident in the company’s going concern status, supported by positive cash flow forecasts and recent capital injections.

Outlook and Market Positioning

The acquisition of the Lady Loretta mining leases in January 2026 further expands Austral’s copper resource base, unlocking substantial mineralisation and supporting the Mt Kelly production pipeline. With a strengthened financial position and a clear focus on scaling copper output, Austral Resources is positioning itself to capitalise on rising demand for copper, a critical metal in the energy transition and battery technology sectors.