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Austral Resources Proposes 29.9% Premium Bid for Hammer Metals
8:33am on Tuesday 7th of July, 2026 AEST
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Mining
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Austral Resources Proposes 29.9% Premium Bid for Hammer Metals
8:33am on Tuesday 7th of July, 2026 AEST
Key Points
Proposal values Hammer at A$0.087 per share
29.9% premium over Larvotto Resources bid
Secures 39.2Mt copper feed for Rocklands
Potential operational synergies and exploration boost
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Austral Resources Australia (ASX:AR1)
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