Austral Resources Australia is planning to team up with Swiss commodities giant Glencore to boost copper cathode production. Austral Resources aims to explore oxides in Glencore’s tenure, situated nearly 100m north-east of its own Lady Annie mining lease in Queensland, Australia. The companies plan to set up a steering committee to discuss formal binding documentation and advance a drilling programme to explore Glencore’s Lady Loretta mining lease (LLML). There are plans to formalise the documentation in the next 60 days. The move comes after drill results of 17m grading 2.51% copper from 54m downhole in XLAT-17 on ... (full story)