Austral Resources Australia Ltd (ASX:AR1) Signs Mining Services Contract with Thiess

Copper producer Austral Resources Australia Ltd (ASX:AR1) is pleased to announce the signing of a mining services agreement with Thiess.

Thiess is bringing its deep experience, technical expertise and focus on safe, reliable and productive operations to create value for Austral. The contractor is mobilising its fleet onsite with the intention to commence mining in early January 2022.

Austral's Chief Executive Officer, Steve Tambanis, commented:

"Austral is pleased to be partnering with Thiess, a leading mining services provider with superb mining experience and capabilities. They bring a commitment to safe and innovative mining practices, providing certainty of delivery in the development of our new Anthill mine. Thiess is currently mobilising its fleet onsite and preparing site infrastructure. It plans to commence earthmoving in early January and will directly employ 70 people from January 2022.

Austral is on track to achieve planned copper production of 10,000tpa commencing mid-2022 over a four-year period.

Exploration and development activities are currently being significantly expanded with the goal of fast-tracking discoveries. We look forward to further update shareholders as we prepare to commence maiden production at Anthill and begin exploration and development activities."

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Jane Morgan 
Investor and Media Relations Manager 
T: +61-405-555-618 
E: jm@janemorganmanagement.com.au