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Larvotto declines to match Austral’s Hammer Metals offer

9:08am on Monday 10th of August, 2026 AEST Mining
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Larvotto declines to match Austral’s Hammer Metals offer

9:08am on Monday 10th of August, 2026 AEST
Key Points
  • Larvotto declines to counter Austral’s superior Hammer bid
  • Focus remains on Hillgrove Mine commissioning and production ramp-up
  • Break fee and loan repayment due if Hammer accepts Austral’s proposal
  • Planned Glencore share placement linked to Hammer deal now unlikely
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