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Carawine Resources Ltd. ( (AU:CWX) ) just unveiled an update.
Carawine Resources Limited has completed a heritage survey for its Paterson Copper-Gold Project, advancing exploration plans for copper, gold, and base metal targets. The company faces a potential shift in its Fraser Range Nickel Project as IGO Limited plans to withdraw, offering Carawine the option to purchase IGO’s interest. Additionally, Carawine is navigating a compulsory acquisition process by major shareholder QGold Pty Ltd, with court proceedings pending. Financially, Carawine secured a $1.7 million loan from QGold to support operations but will need further funding by September 2025, contingent on court outcomes. Exploration drilling programs are deferred pending these developments.
More about Carawine Resources Ltd.
Carawine Resources Limited is a gold and base metals exploration company focused on discovering and developing mineral resources. The company operates primarily in the Paterson Copper-Gold Project and Fraser Range Nickel Project, with a market focus on copper, gold, and base metals.
Average Trading Volume: 24,246
Technical Sentiment Signal: Buy
Current Market Cap: A$22.9M
Learn more about CWX stock on TipRanks’ Stock Analysis page.