Austral Resources Australia Limited (AU:AR1) has released an update.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
