Announcement • Jul 07
Austral Resources Australia Ltd (ASX:AR1) proposed to acquire Hammer Metals Limited (ASX:HMX) for AUD 71.4 million. Austral Resources Australia Ltd (ASX:AR1) proposed to acquire Hammer Metals Limited (ASX:HMX) for AUD 71.4 million on July 7, 2026. under the Austral Resources Australia Ltd proposal, Hammer Metals Limited shareholders would receive total implied consideration of AUD 0.080 per Hammer Metals Limited share in new Austral shares, with the final exchange ratio to be agreed and fixed in any scheme implementation deed entered into between Hammer Metals Limited and Austral Resources Australia Ltd. As at the date of this announcement, the Hammer Board remains committed to, and unanimously recommends, that Hammer shareholders vote in favour of the Larvotto Scheme, in the absence of a Superior Proposal (as defined in the Larvotto SID) and subject to the Independent Expert concluding, and continuing to conclude, that the Larvotto Scheme is in the best interests of Hammer shareholders. Hammer shareholders do not need to take any action at this time and the Hammer Board will continue to keep shareholders and the market informed of developments with respect to the Austral Proposal and the Larvotto Scheme.
The transaction is subject to completion of confirmatory due diligence on Hammer Metals Limited, negotiation and execution of transaction documents, including a scheme implementation deed and a demerger implementation agreement, to include customary deal protections and satisfaction of customary scheme conditions including Hammer Board recommendation (subject to the no superior proposal), Hammer shareholder approval, ASIC, ASX and Court approvals, and an independent expert concluding the Scheme is in the best interests of Hammer shareholders.
Austral Resources Australia Ltd has appointed Euroz Hartleys Limited and Shaw and Partners Limited as its joint financial advisers to the transaction. GLG Legal has been appointed as legal adviser. Announcement • Apr 02
Austral Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 65 million. Austral Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 166,666,667
Price\Range: AUD 0.09
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 424,702,100
Price\Range: AUD 0.09
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 130,853,456
Price\Range: AUD 0.09
Transaction Features: Subsequent Direct Listing Announcement • Mar 20
Austral Resources Australia Ltd, Annual General Meeting, May 20, 2026 Austral Resources Australia Ltd, Annual General Meeting, May 20, 2026. 
