Austral Resources is a copper cathode producer operating in the Mount Isa region, Queensland, Australia. The company’s Mt Kelly copper oxide heap leach and solvent extraction electrowinning (SXEW) plant has a nameplate capacity of 30,000tpa of copper cathode. Austral is operating its Anthill oxide copper mine which has an Ore Reserve of 5.06Mt at 0.94% Cu, and the Company expects to produce 40,000t of copper cathode over a four-year period. Austral has commenced an extensive exploration campaign over its 2,100 km2 tenement package in the heart of the “World Class Minerals Province” that is the Mt Isa Inlier.
Yellow Gear Pty Ltd – 47.11%
G Harvey Nominees Pty Ltd – 3.33%
Sparta Ag – 3.19%
2 Invest Ag – 2.20%
Mr John Kamara – 2.11%
Management Ownership – 52.10%
Dan Jauncey – Managing Director and Chief Executive Officer
Dan founded Australian based company Matilda Earthmoving in 2000. The business predominately operated in Southern Queensland and Northern New South Wales. Over a 15-year period, Dan expanded the company with it being recognised as one of the fastest growing companies in the country and was placed in the BRW Fast 100 Companies. In 2018, Matilda Equipment was sold to an ASX listed company.
Dan was instrumental in the acquisition of the key mining assets for Austral Resources in 2019. Since acquisition, he has been involved in all facets of the business, from day-to-day operations through to capital raising and the company’s listing on the ASX. He takes a holistic, hands-on approach to business, regularly visiting sites and being involved with the team.
As Managing Director and CEO, Dan is responsible for ensuring that Austral Resources continues to grow through its LME Grade A copper production from its Anthill project and the company’s extensive exploration program. Dan is keenly aware of the need to be agile and competitive in a global industry.
Market support from overseas investors.
Hitting a production rate of 1,000t per month of copper cathode.
Commence exploration and drilling on 330km2 of EPMs owned by Glencore through a joint venture agreement with the company.
Drilling results at a number of our key target EPMS.
Weather events. Supply chain disruption and staff absenteeism as a result of the continuing impacts of COVID-19. Fuel increases.
We are a producing copper company with infrastructure in place and operational, including a SXEW processing facility that has a replacement value of $250 to 300M AUD. We have an extensive tenement package of over 2,100 km2 sitting in the heart of the “World Class Minerals Province” that is the Mt Isa Inlier.
We are a producing copper mine. We have infrastructure in place that is already producing copper. We have an extensive tenement package with drill rigs at work looking for our next big discovery.