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Austral Resources Australia Ltd (ASX:AR1)

ALERT: Price-sensitive ASX Announcement for AR1
Current share price for AR1 : $0.072 0.028 (63.64%)+
Announcement
Release
18 Dec 2025 9:28AM
Price at Release
$0.044
Full Release
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Summary
Austral Resources Australia Ltd (ASX: AR1) has outlined a set of copper-gold exploration targets within its Eastern Tenement Areas, aiming to support the company's organic growth strategy. With exploration targets estimated between 10-20 million tonnes at 1-2% Cu and 0.1-0.5 g/t Au across eleven prospects, these areas are located within a feasible distance from the Rocklands processing facility. This strategy is expected to facilitate low-capital growth through a 'Hub and Spoke' model. The exploration efforts have involved extensive surface geochemical sampling and geophysical surveys, identifying drill-ready targets. Key areas, such as the Little Beauty and Edna May Prospects, are marked for initial drilling by 2026. Furthermore, the company focuses on enhancing resource base and exploration success to eventually increase mill feed for Rocklands.
Key Points
  • Eleven priority copper-gold prospects identified in Eastern Tenements.
  • Exploration targets estimated at 10-20 Mt @ 1-2% Cu and 0.1-0.5 g/t Au.
  • Targets are within trucking distance to Rocklands processing facility.
  • Programs include geochemical surveys and geophysical interpretations.
  • Initial drilling is scheduled for late 2026 to early 2027.
  • Enterprise Deposit has significant growth potential with an inferred resource of 0.95 Mt @ 0.97% Cu.
  • The Cameron River Project shows multi-commodity potential with historical copper workings.
  • Austral's strategy emphasizes low-CAPEX growth via exploration and resource conversion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.