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Newfield Resources Advances Tongo Mine Plans Amid Tonguma Contract Uncertainty
2:12am on Monday 2nd of June, 2025 AEST
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Mining
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Newfield Resources Advances Tongo Mine Plans Amid Tonguma Contract Uncertainty
2:12am on Monday 2nd of June, 2025 AEST
Key Points
Term sheet signed with ACA Resources to manage Tongo Mine operations
Legal review underway following termination notice from Octea on Tonguma Mine agreement
Extension negotiated for US$1 million bond maturity with Fidelitas
Company maintains limited cash but holds substantial unused financing facilities
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Newfield Resources (ASX:NWF)
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