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Austral Resources Posts $25.3M Profit Turnaround, Proposes Hammer Metals Takeover
12:49pm on Friday 28th of August, 2026 AEST
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Mining
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Austral Resources Posts $25.3M Profit Turnaround, Proposes Hammer Metals Takeover
12:49pm on Friday 28th of August, 2026 AEST
Key Points
Half-year profit of $25.3 million reversing prior loss
Completed Noranda Pacific acquisition and $65 million equity raise
Terminated Anthill Project Agreement, gaining full production control
Proposed $80.7 million Hammer Metals acquisition via scheme
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Austral Resources Australia (ASX:AR1)
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