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Austral Resources Australia Limited ( (AU:AR1) ) has provided an update.
Austral Resources Australia Ltd has been granted the Canyon EPM, a strategic landholding adjacent to its existing Mt Kelly and McLeod Hill assets, enhancing its copper oxide exploration strategy. The newly acquired 6km copper corridor provides significant exploration potential with undrilled copper oxide mineralisation, offering opportunities to integrate these resources into future mine planning and processing strategies. This development strengthens Austral’s position in the emerging North West copper region and supports its broader objective of maintaining flexibility in future oxide mine sequencing.
The most recent analyst rating on (AU:AR1) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Austral Resources Australia Limited stock, see the AU:AR1 Stock Forecast page.
More about Austral Resources Australia Limited
Austral Resources Australia Ltd is a copper producer focused on exploring and developing copper oxide resources. The company operates in the North West region of Australia, which is considered one of the country’s most prospective copper jurisdictions. Austral’s primary operations include the Mt Kelly and McLeod Hill assets, with a strategic focus on near-facility exploration and resource expansion.
Average Trading Volume: 8,493,682
Technical Sentiment Signal: Sell
Current Market Cap: A$76.45M
See more insights into AR1 stock on TipRanks’ Stock Analysis page.