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The latest announcement is out from Carawine Resources Ltd. ( (AU:CWX) ).
Carawine Resources Limited announced that IGO Limited intends to withdraw from their Fraser Range Joint Venture, effectively terminating the partnership. Carawine now has the option to purchase IGO’s 76% interest in the remaining tenement for a nominal fee or allow its surrender. The company will review previous exploration work to assess the tenement’s potential before deciding. Additionally, Carawine updated stakeholders on the ongoing Federal Court proceedings regarding QGold Pty Ltd’s attempt at compulsory acquisition of Carawine shares, with the court’s decision still pending.
More about Carawine Resources Ltd.
Carawine Resources Limited is a gold and base metals exploration company. It focuses on exploring magmatic nickel-sulphide deposits, primarily through its Fraser Range Nickel Project in Western Australia.
Average Trading Volume: 29,279
Technical Sentiment Signal: Buy
Current Market Cap: A$22.9M
See more insights into CWX stock on TipRanks’ Stock Analysis page.