Hammer Metals ASX:HMX:
RECEIVES UNSOLICITED NON-BINDING INDICATIVE PROPOSAL FROM AUSTRAL RESOURCES
SHAREHOLDERS TO RECEIVE A$0.087 PER SHARE TOTAL IMPLIED CONSIDERATION UNDER AUSTRAL PROPOSAL
BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR OF LARVOTTO SCHEME ABSENT SUPERIOR PROPOSAL
WESTERN AUSTRALIAN GOLD ASSETS TO BE DEMERGED VIA CAPITAL REDUCTION AND IN-SPECIE DISTRIBUTION