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