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2026-11-06
◂ Monitor AR1 ASX

Austral Resources Australia Ltd

Producer · Copper · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.049
1D
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1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$130.1M
EV
A$58.4M
Cash
A$71.7M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

3 assets

Core asset

Mt Kelly and Lady Annie copper operations

Australia

Producer100% ownedCopper

Producing copper cathode from the Mt Kelly SX-EW plant with mining transitioned from Anthill to Lady Annie and Flying Horse.

Project location

Site imagery

Sentinel-2 · 10 m
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics

No numeric study economics were published.

Issuer disclosed A$241.529m aggregate base-case undiscounted pre-tax net cash flow across three deposit groupings; this is not an NPV.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcemeasured, indicated and inferred52.8M tonnes0.74% CuCopper2026-06-30
Ore Reserveproved and probable600K tonnes0.91% CuCopper2025-12-31
Milestones1
  1. Deliver September-quarter copper production guidance

    Pending · High materiality

Economic studies1
StudyStageStatusDateSummary
Optimised Mt Kelly deposit scoping studyScoping StudyCurrent2024-10-04Study covered Lady Annie, Lady Brenda, Lady Colleen, Mount Clarke and Flying Horse with 128kt conceptual contained copper.

Core asset

Rocklands copper project and processing facility

Australia

Care And Maintenance100% ownedCopperGold

Owned Rocklands sulphide plant remains on care and maintenance in FEED; 3.0Mtpa restart is targeted for 2027. QIC follow-on royalty financing supports study of approximately 4.5Mtpa expansion, but it does not prove bankable project economics.

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourceindicated and inferred11.3M tonnes0.69% CuCopper · Gold2025-12-31
Milestones1
  1. Rocklands processing facility recommissioning

    Pending · High materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Existing Rocklands operating permitsQueenslandGranted—No
Economic studies1
StudyStageStatusDateSummary
Rocklands restart FEEDFeedCurrent2026-07-31Restart FEED advanced and a 4.75MW SAG mill was secured; no issuer project NPV was disclosed.

Material

Lady Loretta copper tenements

Australia

Resource Stage100% ownedCopperZincLeadSilver

100% of Noranda Pacific and Lady Loretta site acquired 30 April 2026, subject to rehabilitation obligations, 2.5% Glencore copper NSR and copper offtake. No current copper MRE or study-based mine cash flow was available.

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.