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Can Australia United Mining Unlock Sofala’s Gold Potential Amid Cash Constraints?
8:38am on Thursday 31st of July, 2025 AEST
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Mining
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Can Australia United Mining Unlock Sofala’s Gold Potential Amid Cash Constraints?
8:38am on Thursday 31st of July, 2025 AEST
Key Points
Joint venture exploration activities ongoing at Sofala project in NSW
No mining at Ropewalk mine this quarter due to monsoonal damage
Company holds 49% interest in Sofala EL7423 and 100% in Queensland tenements
Cash reserves stand at $39,000 with loan facilities totaling $700,000
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Australia United Mining (ASX:AYM)
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