Copper producer Austral Resources Australia Ltd (ASX: AR1) (“Austral” or the “Company”) is pleased
to advise that recently shared drilling results provided by Glencore have identified multiple high grade copper oxide intercepts within the Lady Loretta Mining Lease (LLML) approximately 100m
north-east of the Lady Annie Mining Lease (LAML).
Exceptional oxide drill results including 17m @ 2.51%
Cu from 54m downhole in XLAT-17, located on Glencore’s tenure, 100m from Austral’s Lady Annie
boundary (Figure 1 & Figure 2).
Additional drill results returned significant near surface intercepts,
including. 12m @ 0.94% Cu from 49m downhole in XLAT-09, located on Glencore tenure 250m from
Austral’s Lady Annie boundary (Figure 3).
The strong results, which remain open in all directions,
highlight the potential opportunity to expand the Lady Annie Mineral Resource to the north-east.
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