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Feb 3 (Reuters) - Austral Resources Australia Ltd (AR1) :...

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    03/02/22
    10:10
    Post #: 59321768

    Feb 3 (Reuters) - Austral Resources Australia Ltd (AR1) :

    • OFFTAKE AND PREPAYMENT AGREEMENT SECURED WITH GLENCORE FOR 40,000T OF COPPER CATHODE
    • IS ON SCHEDULE TO COMMENCE COPPER CATHODE PRODUCTION AT ANTHILL FROM MID-2022 FOR NEXT FOUR YEARS
    • AGREEMENT WITH A$21M PREPAYMENT FACILITY
    • A$21M PREPAYMENT ALLOWS AUSTRAL TO IMMEDIATELY EXPEDITE EXPLORATION AND DEVELOPMENT ACTIVITIES THROUGH 2022
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