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Why GWR Passed on a Near-Term Revenue Acquisition Despite $37M Cash

7:02am on Thursday 30th of October, 2025 AEDT Mining
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Why GWR Passed on a Near-Term Revenue Acquisition Despite $37M Cash

7:02am on Thursday 30th of October, 2025 AEDT
Key Points
  • Prospect Ridge Magnesite Project development ongoing with drilling and metallurgical work
  • Cash reserves stand at $37.4 million, supporting financial strength
  • Strategic investment in Tungsten Mining NL valued at $14.7 million amid rising tungsten prices
  • Royalty income from Wiluna West Iron Ore and Gold Duke Gold projects continues
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