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Why Auking Mining Halted Its $16.2M Orion Merger Amid Cloncurry Delays
10:12am on Thursday 6th of November, 2025 AEDT
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Mining
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Why Auking Mining Halted Its $16.2M Orion Merger Amid Cloncurry Delays
10:12am on Thursday 6th of November, 2025 AEDT
Key Points
Orion secured financing but failed to complete Cloncurry asset purchase on schedule
Settlement delayed due to vendor’s outstanding condition precedent
Negotiations underway to extend settlement date
ASX listing rules triggered, halting Auking’s $16.2M Orion share acquisition
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