AR1: Austral to Increase Oxide Production by up to 100%

AUSTRAL RESOURCES AUSTRALIA LTD

• Austral Resources Australia Ltd announces plans to increase oxide production by up to 100%, resulting in an additional ~94,000 tonnes of contained copper to be mined over the next 2-5 years.
• A potential lens adjacent to the existing Lady Colleen deposit could offer a further ~36,000 tonnes of copper production, bringing the total additional contained copper to ~130,000 tonnes.
• Combining existing Anthill production with additional mines, annual production is expected to increase to over 35,000 to 40,000 tonnes of copper over the next 3-5 years, significantly transforming Austral Resources.

2023-04-20 08:14:00

AR1: Operational Update

AUSTRAL RESOURCES AUSTRALIA LTD

• Austral Resources Australia Ltd reports record revenue of A$35.55 million in Q1 2023 and reduced senior debt to A$21.1 million, despite heavy rainfall in Mt Isa.
• March 2023 saw sales revenue of A$11.6 million, with the company resuming copper cathode plating and mining while reporting zero safety and environmental incidents.
• Positive operational cashflows were achieved every month in 2023, and the company maintained steady state production rates throughout January, February, and March 2023.

2023-03-31 09:13:00

AR1: Operational Update

AUSTRAL RESOURCES AUSTRALIA LTD

• Mining and drill and blast activities resumed after a significant rainfall event.
• 134 tonnes of copper cathode dispatched from site, but dilution of Pregnant Leach Solution may impact production in the short term.
• Safety of staff, management of water and environmental issues remain top priority.

2023-03-13 09:40:00

AR1: Operational Update

AUSTRAL RESOURCES AUSTRALIA LTD

• Over 376mm of rainfall at Lady Annie operations
• Mining and hauling campaign suspended due to access issues
• Thiess remains 12% ahead of Anthill mining schedule

2023-03-10 09:56:00

AR1: Positive Scoping Study for Lady Colleen Copper Project

AUSTRAL RESOURCES AUSTRALIA LTD

• Austral Resources has received an evaluation of the copper Mineral Resource at their Lady Colleen Project.
• The study indicates that construction of an open cut mine is viable, with a pre-tax IRR of 38% over 5 years and pre-tax NPV 7.5 of A$60M.
• Production rate and mine life are expected to grow with continued resource definition and extensions.

2023-02-15 09:38:00

AR1: Record Revenue Month Achieved and 2023 Exploration Expanded

AUSTRAL RESOURCES AUSTRALIA LTD

• Austral Resources Australia Ltd recorded a record production of 1,003 tonnes in January 2023 and achieved A$12.6 million in sales revenue.
• January 2023 LME price average increased by 16% from September 2022 average.
• Exploration targeting to increase inventory.

2023-02-01 09:51:00

AR1: Austral December 2022 Quarterly Report

AUSTRAL RESOURCES AUSTRALIA LTD

• Austral Resources Australia Ltd achieved operational cash positive while increasing revenue by 103% in December 2022 Quarter.
• Production increased by 92% with production levels at Anthill expected to be at or near 33.5 tonnes per day.
• Lady Colleen grade increased by 200%.

2023-01-20 08:59:00

AR1: Commercial Production And Positive Operational Cashflow

Austral Resources Australia Ltd

1. Austral meets its target of achieving Commercial Production in December 2022 from the Company’s Anthill project.
2. An outstanding December 2022 saw Austral successfully achieve an average production rate of 33.3 tonnes per day of plated copper for a total of 976 tonnes over a 29-day operating period.
3. Progressively increasing production levels at Anthill are expected through the remainder of CY23 at an average production rate of 33.5 tonnes per day.

2023-01-09 08:41:00