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Hammer Metals to End Larvotto Deal and Accept Austral Proposal
11:57am on Monday 10th of August, 2026 AEST
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Mining
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Hammer Metals to End Larvotto Deal and Accept Austral Proposal
11:57am on Monday 10th of August, 2026 AEST
Key Points
Larvotto declines to match Austral's superior bid
Hammer to terminate Larvotto scheme implementation deed
Definitive agreement with Austral Resources forthcoming
Termination triggers $550,389 break fee and loan repayment
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