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Austral Resources Australia Limited (ASX:AR1) | QIC Invests $15 Million to Advance Rocklands Growth
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Episode notes
In this episode, significant funding and operational announcement from Austral Resources Australia. The company has secured a fifteen-million-dollar royalty financing investment from QIC's Queensland Critical Minerals Fund, structured as a non-dilutive arrangement that avoids share issuance. The funds will be directed toward a Stage Two expansion scoping study at the Rocklands processing facility in North West Queensland, with a focus on lifting processing capacity from three million tonnes per annum to between four point five and six million tonnes per annum, alongside alternative power and infrastructure studies.