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Austral Resources Australia Limited ( (AU:AR1) ) has provided an announcement.
Austral Resources Australia Ltd, a company listed on the Australian Securities Exchange (ASX), has announced an extension of its suspension from trading until 31 October 2025. This extension follows recent transactions and lodgements, including the execution of agreements related to the Rocklands transaction, lodging a Prospectus with ASIC and ASX, and obtaining shareholder approval for securities issuance. The company aims to complete the Rocklands transaction and capital raise according to a proposed timetable, with the reinstatement of shares to trading on ASX expected by 17 October 2025. This development is crucial for Austral as it faces a deadline that could lead to its removal from the ASX if not resolved.
More about Austral Resources Australia Limited
Technical Sentiment Signal: Hold
Current Market Cap: A$84.35M
See more insights into AR1 stock on TipRanks’ Stock Analysis page.