Afternoon trading January 19, page-41

AR1
Opportunity awaits.
Been in accumulation mode for a while now, below Nov 21 IPO

Anthill Mine development
Commencement of bulk mining at Anthill on 7 January 2022 represents a key development
milestone for Austral’s copper production strategy.
In two short months since listing on the ASX, Austral’s team of employees and contractors
have safely managed the transformation of a paddock into a mine. The mining fleet was
mobilised whilst the site team cleared the pit areas, established haul roads and ROM pad,
installed site infrastructure, then began drilling and blasting.
Mining commenced on 7 January with one excavator and two trucks on dayshift. A second
excavator and trucks will begin bulk mining this week and the operation will commence
mining on both a dayshift and nightshift. Drilled and blasted volumes are well ahead of
schedule with 430,000bcm ready for mining. This should see Anthill achieve planned
development tonnages by the end of January and first ore mined in April 2022