AUSTRAL RESOURCES AUSTRALIA LTD — Investor Presentation 2021

Nov 2, 2021

Austral Resources Australia Ltd ASX AR1

ASX ANNOUNCEMENT

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3 November 2021

Investor Webinar

Copper producer, Austral Resources Australia Ltd ( ASX:AR1 ) (“ Austral ” or the

“ Company ”) is pleased to invite investors to a webinar on Friday 5 November 2021 at 10:30 am AEDT / 7:30 am AWST where CEO, Steven Tambanis, and Executive Director, Dan Jauncey, will provide a company update, and engage in a Q&A session.

Details of the event are as follows:

Event: AR1 Investor Webinar

Presenters: CEO, Steven Tambanis, and Executive Director, Dan Jauncey

Time: Friday 5 November 2021 at 10:30 am AEDT / 7:30 am AWST

Where: Zoom Webinar, details to be provided upon registration. To register your interest for the webinar, please click through to the link below.

• • https://janemorganmanagement au.zoom.us/webinar/register/WN_1TSLa9rUS3W3r51_l wFYA

This announcement is authorised by Steven Tambanis, Chief Executive Officer.

FOR FURTHER INFORMATION PLEASE CONTACT:

Jane Morgan Investor and Media Relations Manager + 61 (0) 405 555 618 jm@janemorganmanagement.com.au

Company contact: Level 9, 60 Edward Street Brisbane City QLD 4000 P +61 (0)7 3520 2500

E admin@australres.com

About Austral Resources

Austral Resources Australia Ltd is an ASX listed copper cathode producer operating in the Mt Isa region, Queensland, Australia. Its Mt Kelly copper oxide heap leach and solvent extraction/electrowinning (SXEW) plant has a nameplate capacity of 30,000tpa of copper cathode. Austral is developing its Anthill oxide copper mine which has an Ore Reserve of 5.06Mt at 0.94% Cu. The Company expects to produce 40,000t of copper cathode over a four-year period from mid-2022.

Austral also owns a significant copper inventory with a JORC compliant Mineral Resource Estimate of 60Mt@ 0.7% Cu and 1,940km[2] of highly prospective exploration tenure in the heart of the Mt Isa district, a world class copper and base metals province. The Company is implementing an intensive exploration and development programme designed to extend the life of mine and increase then review options to commercialise its copper resources.

The Company confirms that it is not aware of any new information or data that materially affects the estimates of Mineral Resources and Ore Reserves as announced on 1 November 2021 “Prospectus” and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not changed.

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