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Mako Gold Draws $500K Amid Aurum Takeover, Faces Funding Crunch
4:29pm on Thursday 30th of January, 2025 AEDT
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Mining
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Mako Gold Draws $500K Amid Aurum Takeover, Faces Funding Crunch
4:29pm on Thursday 30th of January, 2025 AEDT
Key Points
Mako Gold’s cash outflows driven by exploration and evaluation expenses
Drawdown of $500,000 from Aurum Resources’ $1.5 million loan facility
Cash and equivalents at $639,000 at quarter end
Estimated funding covers only 0.86 quarters of operations
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