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Austral Resources Bids to Acquire Hammer Metals, Creating Queensland Copper Leader

9:59am on Monday 3rd of August, 2026 AEST Mining
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Austral Resources Bids to Acquire Hammer Metals, Creating Queensland Copper Leader

9:59am on Monday 3rd of August, 2026 AEST
Key Points
  • Binding offer values Hammer at A$0.087 per share
  • Hammer Board unanimously endorses Austral's Superior Proposal
  • Transaction includes SpinCo demerger of WA gold assets
  • Combined entity targets mid-2027 Rocklands restart
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