InvestSMART

Austin Metals Limited (ASX:AYT)

ALERT: Price-sensitive ASX Announcement for AYT
Current share price for AYT : $0.003 -0.003 (-45.45%)+
Announcement
Release
10 Dec 2025 1:54PM
Price at Release
$0.006
Full Release
download
Summary
Kingfisher Mining Limited (ASX:KFM) announced the completion of its acquisition of a strategic portfolio of Copper-Gold-Silver-Lead-Zinc projects in New South Wales from Austin Metals Limited (ASX:AYT). The acquisition received shareholder approval at the Annual General Meeting on 13 October 2025, and met all necessary conditions including legal, technical, and financial due diligence. This acquisition includes projects in the Broken Hill, Cobar, and Macquarie Arc regions and is expected to enhance KFM's exploration opportunities. The company is mobilizing a drilling rig to commence exploration at the Copper Blow Project and anticipates having a cash balance of $2.7 million post-acquisition.
Key Points
  • Completion of NSW project acquisition by Kingfisher Mining from Austin Metals Limited.
  • Shareholder approval received at KFM's AGM on 13 October 2025.
  • Acquisition includes projects in Broken Hill, Cobar, and Macquarie Arc regions.
  • Drilling rig mobilization for Copper Blow Project exploration.
  • Post-acquisition cash balance expected to be approximately $2.7 million.
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.