Austral Resources Australia Limited (AU:AR1) has released an update.
Austral Resources Australia Ltd reported a total revenue of $24.5 million for the March quarter, despite a net operating cash outflow of $5.8 million and production challenges due to weather-related transport disruptions. The company produced 1,805 tonnes of copper cathode and is undergoing a significant restructuring to enhance its financial position, including a voluntary suspension of securities trading. Operational highlights include effective mine and stockpile management at Anthill mine and adaptive strategies at the Mt Kelly processing facility to mitigate the impact of severe weather.
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