BUZZ-Austral Resources Australia rises to 2-1/2-year high on mining lease deal with Glencore unit** Shares of Austral Resources Australia AR1.AX rise as much as 24% to A$0.13, their highest level since August 31, 2023
** The copper cathode producer says it entered into an agreement with Glencore AG to acquire Lady Loretta mining leases, others
** Co to pay Glencore 2.5% Net Smelter Return royalty on all copper oxides and copper sulphides produced from mine
** Co says to receive $30.4 million at deal completion
** Lady Loretta mine produces zinc-lead ore in Queensland
** Stock up 20% so far this week, set for its fifth consecutive weekly session of gains, if current trend holds
** AR1 fell 64.4% in 2025, up more than 100% YTD
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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