Lady Annie drilling and additional resourcesAustral also noted...

Lady Annie drilling and additional resourcesAustral also noted that drilling at Lady Annie has returned some significant results with hole LANC0509, which tested remnant oxide copper extending east of the Lady Annie pit, intersecting visible malachite over several metres with a best result of 8m at 0.4% copper from 78m.Meanwhile, hole LANC0513 that tested oxide copper extending west from the pit which has not been closed off by prior drilling intersected 10m at 0.99% copper from 50m including 5m at 1.65% copper from 50m.The company has also reported that a Whittle optimisation study carried out by independent consultant CSA Global that applied a $12,500t copper price to previously mined pits had identified a potential additional 30,000t of contained copper in oxide and transitional Mineral Resources.These resources are contained within the Lady Annie, Lady Brenda, Mount Clark, and Flying Horse deposits, which can be mined using its existing processing hub.As the next step in developing these oxide and sulphide resources at Lady Annie, the company will investigate relevant geotechnical and hydrological parameters.It will also carry out further required detailed mine design, sequencing of cutbacks and scheduling with a detailed review of all input parameters including a penalty for calcium content in the material assigned to Heap Leach.Austral produced 2,818t of copper in the March 2023 quarter from its Anthill operation, which generated net revenue of $35.55m and operating cash flow of $13.6m.