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Carawine Faces Pivotal Court Hearing as $1.7M Loan Supports Exploration Pause
6:37am on Monday 2nd of June, 2025 AEST
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Mining
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Carawine Faces Pivotal Court Hearing as $1.7M Loan Supports Exploration Pause
6:37am on Monday 2nd of June, 2025 AEST
Key Points
Federal Court hearing on QGold’s compulsory acquisition scheduled for May 6, 2025
Unsecured $1.7 million loan from QGold to fund corporate and exploration activities through September 2025
Exploration drilling programs at Paterson, Fraser Range, and Tropicana North deferred pending court outcome and funding
Cash reserves stand at approximately $0.9 million as of March 31, 2025
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