Austral Resources Australia Ltd's Suspension from Quotation

Austral Resources Australia Ltd (ASX: $AR1) has requested the suspension of its securities from quotation under Listing Rule 17.2 since 5 September 2023. The suspension was extended multiple times to allow the company to progress negotiations regarding critical corporate financing, which was disclosed as vital to its ongoing financial viability. Following the appointment of Receivers and Managers, the securities will continue to be suspended under Listing Rule 17.3.

Executive Commentary on Suspension from Quotation

The company is currently focused on addressing the critical corporate financing situation, and the decision to request the suspension from quotation was made to facilitate the ongoing negotiations. We are working diligently to ensure the best possible outcome for the company and its stakeholders.

Summary of Austral Resources Australia Ltd's Suspension

Austral Resources Australia Ltd (ASX: $AR1) has taken the step to request the suspension of its securities from quotation to allow for continued negotiations regarding critical corporate financing. The company's focus is on addressing this situation to ensure its ongoing financial viability. The appointment of Receivers and Managers has led to the continuation of the suspension. The company remains committed to working towards a favorable resolution for all involved parties.