• Austral has reached steady state production of 1,000t of LME...

• Austral has reached steady state production of 1,000t of LME Grade-A Copper Cathode in Dec-22.
• Austral aims to increase production and extend mine life organically.
Substantial Mineral Resources
• Large JORC-Compliant Mineral Resource Estimate of 55.4Mt @ 0.7% Cu (Contained Copper: ~410Kt)1
.
• A substantial initial copper inventory will be further expanded through scheduled exploration.
Established Infrastructure
• The only company with an operating SX-EW Oxide Plant in Australia

• The replacement value of existing infrastructure amounts to A$395M – A$495M.

Pure Copper Exposure
• One of few pure-play copper companies on the ASX.
• Escalated earnings leveraging off buoyant copper market and imminent production ramp-up.
Significant Exploration Upside
• Clearly defined exploration program to increase oxide/sulphide resources and mine life.
• Joint Ventures will enhance mineral discovery potential and reduce exploration risk.