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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 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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