Austral Resources Australia Ltd. announced the Company has maintained steady state production rates in February despite heavy rainfall, with the Company achieving an average production rate of 33.5 tonnes of plated copper per day. The Company announced that Austral's exploration campaign has
commenced, with site preparation works starting in late February at Lady Annie in preparation for the 2023 drill season. February saw Austral continue to maintain a steady state production rate of 33.5 tonnes of plated copper per day due to the solid operational performance of its team and contractors on site at
both the Anthill mine and the Mt Kelly processing area. The Company's focus is on the controllable aspects of the business, particularly optimising production and reducing operating costs wherever possible, and February's performance is a testament to the team's hard work and commitment to excellence. Furthermore, operational costs have remained within budget. Austral's ongoing efforts to optimise operations and increase efficiencies have allowed the Company to maintain high standards while also delivering value for shareholders. This approach will continue to enable sustainable growth and success. Austral's exploration campaign commenced in late February and site preparation works for drilling have started adjacent the Company's Lady Annie deposit. In 2022 Austral developed a robust and strategic approach to exploration. Given the Company's complex tenure and mineral assets, this strategy will enable Austral to strike the right balance and maintain focus across complex portfolio of oxide and sulphide targets.