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Early cash for Anthill

GLENCORE has agreed to buy 40,000 tonnes of copper cathode from Queensland Gulf operator Austral Resources’ Anthill mine, in a deal that includes a $21 million prepayment for the mine’s start-up phase.

Karma Barndon
Austral copper cathode sheet bundle ready for shipment.

Austral copper cathode sheet bundle ready for shipment.

Part of Austral's Lady Annie project 120km north of Mount Isa, Anthill is ramping up to start copper cathode production in mid-2022, based on reserves of 5.1 million tonnes of ore grading 0.94% copper...

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