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Austral Resources Australia Limited ( (AU:AR1) ) has issued an announcement.
Austral Resources Australia Ltd has successfully raised $40 million through the issuance of 800 million shares, facilitating its reinstatement on the ASX. The company has secured a $15 million loan from Glencore to fund the Rocklands Acquisition and has completed various strategic agreements, including the Anthill Project Agreement and the settlement with Thiess, positioning itself for future growth and stability.
More about Austral Resources Australia Limited
Austral Resources Australia Ltd operates in the mining industry, focusing on resource development and expansion projects. The company is involved in the acquisition and management of mining assets, with a market focus on enhancing its operational capabilities and financial stability.
Technical Sentiment Signal: Hold
Current Market Cap: A$84.35M
Learn more about AR1 stock on TipRanks’ Stock Analysis page.