Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Carawine Resources Ltd. ( (AU:CWX) ) is now available.
Carawine Resources Limited has decided to purchase IGO Limited’s 76% interest in the Big Bullocks tenement, part of the Fraser Range Joint Venture, for a nominal sum of $1.00. This decision follows IGO’s withdrawal from the joint venture, which has now been terminated. Carawine’s assessment of the tenement’s potential for nickel-sulphide and gold mineralization suggests further exploration may be warranted, potentially impacting the company’s exploration strategy and stakeholder interests.
More about Carawine Resources Ltd.
Carawine Resources Limited is a gold and base metals exploration company focused on discovering and developing mineral deposits in Western Australia. The company is involved in the exploration of nickel-sulphide and gold mineralization, primarily through its Fraser Range Nickel Project.
Average Trading Volume: 36,149
Technical Sentiment Signal: Sell
Current Market Cap: A$21.25M
Learn more about CWX stock on TipRanks’ Stock Analysis page.