Austral Resources Australia Limited (AU:AR1) has released an update.
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Austral Resources Australia Ltd (ASX:AR1) reported a productive September quarter, generating $22 million in revenue despite operating challenges at its Mt Kelly facility. The company completed a significant Scoping Study, confirming a robust copper production pipeline and achieved encouraging assay results from exploration activities. However, Austral’s securities remain suspended pending an equity raise and recapitalisation process.
For further insights into AU:AR1 stock, check out TipRanks’ Stock Analysis page.