Austral Resources Australia (ASX:AR1) fulfilled a condition in the debt recapitalization and Anthill project repayment arrangement after Secover funded the copper producer's repayment of the Thiess secured debt.
Following the debt repayment, David Newling assumed the role of chair, effective Monday, according to a same-day filing with the Australian bourse.
Newling, the chief executive of family office The Springwood Group, succeeded Phillip Thomas.
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