Austin Metals finalised its acquisition of Gardner Mining, expanding its exploration portfolio.

Austin now holds a complete interest in multiple exploration licences and has exclusive rights to earn a substantial interest in additional exploration and prospecting licences comprising the Ashburton Copper-Gold Project in Western Australia.

In exchange, Austin compensated Gardner with $200,000 in cash, covering previous development expenditures.

Exploration activities at Ashburton Copper-Gold Project and the Cue area will continue throughout 2024, subject to ongoing heritage clearance processes.