Austral Resources Australia Ltd (ASX:AR1) is an Australia-based copper cathode producer, developer and explorer operating principally in the Mt Isa District of northwest Queensland; the company produces LME Grade A copper cathode from its open cut mines and heap leach/solvent extraction electrowinning (SX-EW) operations at facilities including the Mt Kelly plant with nameplate capacity of 30,000 tonnes per annum; its active projects encompass the Lady Annie Project (incorporating the Anthill Project area with ore reserves of 5.1Mt grading 0.94% Cu), Mount Clarke mine, Cameron River Project (prospective for copper, gold and rare earths) and Miranda Project (within the Central Kalkadoon-Leichardt Belt), alongside exploration tenements covering 53km2 across 15 mining leases in Queensland's Gulf country and Western/Eastern Fold Belts of the Mount Isa Inlier; founded in 2010 and headquartered at Level 9, 60 Edward Street, Brisbane, the company targets base metals markets through low-cost oxide copper production and regional consolidation. Recent developments include a $40 million equity placement in October 2025 to institutional investors for balance sheet recapitalisation ($21.5 million), acquisition integration, Rocklands mine development ($10.6 million), project expansion ($2.4 million) and working capital, as part of transactions involving Dragon Field International Limited and Thiess ahead of ASX reinstatement from suspension; the company entered an agreement to acquire the Rocklands Copper Mine in northwest Queensland and the Lady Loretta mine from Glencore (post-zinc operations in December 2025) to bolster its copper portfolio; additionally, Glencore Australia Holdings acquired the company's senior secured debt in May 2024.