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Hammer takeover clears court hurdle as ASX exit approaches

3:13pm on Friday 13th of November, 2026 AEDT • Mining
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Hammer takeover clears court hurdle as ASX exit approaches

3:13pm on Friday 13th of November, 2026 AEDT
Key Points
  • Federal Court approval for Austral Resources’ proposed Hammer Metals acquisition
  • ASIC lodgement expected on 16 November for the scheme to become effective
  • Hammer shares expected to stop trading after close on 16 November
  • SpinCo demerger scheduled for implementation on 23 November
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