Ann: Austral's Anthill Mine Ore Shipments Commence, page-7

Current Copper Price (USD)

$10,348.00 / tonne

Current Copper Price (AUD)

$13,762.84 / tonne

• Ore deliveries have commenced and will build to 150kt/month in May 2022.
• Ore stacking onto the heap leach to commence late April.
• Anthill copper cathode production to begin in May 2022 with projected production
of:
o 380t in May 2022
o 760t in June 2022
o >1,000t per month from July 2022
• Strong revenue growth from May 2022 aided by a >25% higher copper price than
Austral’s 2021 Independent Technical Assessment Report.