7 August 2026 | Queensland - Austral Resources has secured a $15 million investment from the QIC Queensland Critical Minerals Fund to support expansion planning at its Rocklands copper processing facility in North West Queensland.
The funding has been structured as a non-dilutive royalty financing arrangement and will initially support a Stage 2 expansion scoping study, together with investigations into alternative power options for the operation.
The study will assess increasing Rocklands’ processing capacity from its existing 3.0 million tonnes per annum to between 4.5Mtpa and 6.0Mtpa.
Austral said the upper end of the proposed expansion range may be provisioned to provide additional capacity and future operating flexibility.