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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 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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