Austral Resources Australia Ltd (ASX:AR1) has achieved commercial levels of production at its Mt Kelly crushing/processing facility in the Mt Isa region, achieving an average production rate of 33.3 tonnes per day of plated copper in December 2022 and becoming operationally cash flow positive.
The Company also expects to produce 40,000t of copper cathode over a four-year period from mid-2022 and owns a significant copper inventory with a Mineral Resource Estimate of 60Mt@ 0.7% Cu (420,000t of contained copper).
Following the announcement, shares of Austral Resources Australia (ASX:AR1) were unchanged at $0.25.