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Austral Resources Tops Larvotto with $80.7 Million Hammer Metals Bid
8:35am on Monday 3rd of August, 2026 AEST
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Mining
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Austral Resources Tops Larvotto with $80.7 Million Hammer Metals Bid
8:35am on Monday 3rd of August, 2026 AEST
Key Points
Binding acquisition proposal values Hammer at $0.087 per share
Offer includes share exchange and in-specie distribution via demerger
Hammer shareholders to hold approximately 31.1% of enlarged Austral
Proposal represents over 50% premium to Larvotto’s scheme offer
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Hammer Metals (ASX:HMX)
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