Austral continues buying spree with Lady Loretta acquisition - Australian Mining

Austral Resources to acquire Lady Loretta mine

Copper producer Austral Resources Australia has signed a memorandum of understanding (MOU) for the acquisition of the Lady Loretta mining lease and associated exploration permits for minerals (EPMs) from Glencore's subsidiaries.The post Austral Resources to acquire Lady Loretta mine appeared first on Mining Technology.

Austral continues buying spree with Lady Loretta acquisition - Australian Mining

Image: jonnysek/stock.adobe.comAustral Resources will add the Lady Loretta mining lease to its growing portfolio of assets in north-western Queensland. The copper producer has entered into a non-binding memorandum of understanding to acquire the lease and associated exploration permits from subsidiaries of Glencore. The deal will enable Austral to extract additional copper resources from its existing Lady Annie tenement, which borders the Lady L…