AUSTRAL RESOURCES TO ACQUIRE LADY LORETTA MINE
https://s.yimg.com/ny/api/res/1.2/ClDiTqv_4eca80_gaEU1Bw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02ODY-/https://media.zenfs.com/en/mining_technology_700/0067048352e1da40ceaf98b61178296a
✍️ Austral Resources Australia has signed a memorandum of understanding to acquire the Lady Loretta mining lease and associated exploration permits from Glencore's subsidiaries.
👉 Austral Resources Australia has signed a memorandum of understanding to acquire the Lady Loretta mining lease and associated exploration permits from Glencore's subsidiaries 👉 The acquisition will allow Austral to tap into additional copper resources adjacent to its Lady Annie Project 👉 The Lady Loretta mine site currently produces 1.6 million tonnes of high-grade lead-zinc ore per year 👉 Austral's assumption of responsibility for mining operations and the mine's progressive rehabilitation is expected to commence following the completion of the transaction
-- #DavidNewling #Australia #Queensland #MountIsa #Cloncurry #business
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