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Carawine Resources Ltd. ( (AU:CWX) ) has issued an announcement.
Carawine Resources Limited is currently undergoing a compulsory acquisition process by its major shareholder, QGold Pty Ltd, with a court decision expected in May 2025. The company has secured a $1.7 million loan from QGold to support its operations and exploration activities, but will need additional funding by September 2025. Exploration programs at the Paterson Project have been deferred pending the outcome of the court proceedings and funding availability.
More about Carawine Resources Ltd.
Carawine Resources Limited is a gold and base metals exploration company focused on discovering and developing mineral deposits in Australia. The company is actively involved in exploration projects in the Paterson Province, which is known for its large gold, copper, and copper-gold deposits.
YTD Price Performance: -6.00%
Average Trading Volume: 21,492
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$22.2M
See more insights into CWX stock on TipRanks’ Stock Analysis page.