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Austral Resources Australia Ltd (ASX:AR1)
ALERT: Price-sensitive ASX Announcement for AR1
Current share price for AR1 : $0.065 -0.033 (-33.67%)+
Announcement
Release
13 May 2026 8:43AM
Price at Release
$0.098
Full Release
Summary
Austral Resources Australia Ltd (ASX:AR1) announced high-grade copper intersections at their Snow Queen Prospect, enhanced by significant gold and silver assays. Drillhole 26SQRC001 revealed a 10m intersection with 7.52% copper, 9.28 g/t silver, and 0.25 g/t gold, including a 4m section with 15.98% copper. These promising results strengthen the confidence in a polymetallic Cu-Au-Ag system within Austral's Cameron River Project, and support Austral's strategy to advance copper opportunities around the Rocklands Processing Facility. Follow-up drilling is planned for the third quarter of 2026 to further explore these findings.
Key Points
- High-grade copper intersection at Snow Queen
- Gold and silver assays enhance copper results
- 10m @ 7.52% Cu from 35m with gold and silver
- Confidence in polymetallic Cu-Au-Ag system
- Follow-up drilling planned for Q3 2026
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.
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