Austral Resources releases mineral resource estimate

Austral Resources Australia (ASX:AR1) has announced a Mineral Resource Estimate (MRE) for their Mt Kelly Heap Leach stockpile. The estimate reports an Inferred Mineral Resource of 22.6 million tonnes grading 0.20% copper, equating to 44.6 kilotonnes of copper metal. This resource, positioned next to existing infrastructure, presents an opportunity for low-cost production.

Austral Resources targets efficient copper production

Austral Resources Australia has released a Mineral Resource Estimate for the Mt Kelly Heap Leach stockpile, revealing 22.6 million tonnes with a copper grade of 0.20%. Situated close to existing processing infrastructure, this resource is seen as a low-cost production opportunity. The company plans to advance with further studies and assessments, aiming to re-irrigate and process the stockpile within the next year. This strategic initiative is expected to optimize production capabilities and fund future exploration, leveraging historically inefficient operations for better resource recovery.

Executive commentary on Mt Kelly Heap Leach resource

This is a crucial step towards enhancing our production capabilities. The Heap Leach Re-mine offers a pathway to increased production at a low cost, potentially funding further expansion and exploration.