EXPLORATION & DEVELOPMENT

Austral likes the look of Lady Colleen's copper

AUSTRAL Resources has scoped a copper development scenario at Lady Colleen in Queensland that yields 44,000t of red metal and has a pre-tax IRR of about 38% over circa five years and "a pre-tax NPV of A$60 million - ranging from $15 million to $94 million with a median estimated value of $55 million".