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Austral Resources Tables $80.7M Competing Proposal for Hammer Metals

8:23am on Tuesday 7th of July, 2026 AEST Mining
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Austral Resources Tables $80.7M Competing Proposal for Hammer Metals

8:23am on Tuesday 7th of July, 2026 AEST
Key Points
  • Austral proposes $0.087 per Hammer share via scheme and demerger
  • Western Australian gold assets to be spun out as unlisted entity
  • Proposal contingent on due diligence, approvals, and documentation
  • Hammer Board deems Austral offer a bona fide competing proposal
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