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Carawine Resources Limited (ASX:CWX)

ALERT: Price-sensitive ASX Announcement for CWX
Current share price for CWX : $0.105 0.008 (8.25%)+
Announcement
Release
11 Jul 2025 8:32AM
Price at Release
$0.097
Full Release
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Summary
Carawine Resources Limited has announced that IGO Limited has elected to withdraw from the Fraser Range Joint Venture (FRJV), effective from 10 July 2024. Following IGO’s withdrawal, Carawine will regain 100% ownership of the assets in the FRJV, which is located in the Fraser Range region of Western Australia. The announcement details the history of the joint venture, the exploration activities undertaken, including drilling and geophysical surveys, and the exploration expenditure. The document confirms that Carawine will continue to advance exploration independently, highlights recent exploration results, and outlines the company's forward plans and strategies for the Fraser Range assets. Carawine expresses its gratitude for the collaboration with IGO and reiterates its commitment to unlocking the value of the Fraser Range tenements.
Key Points
  • IGO Limited to withdraw from Fraser Range Joint Venture with Carawine Resources, effective 10 July 2024
  • Carawine Resources will resume 100% ownership of all Fraser Range tenements previously under the joint venture
  • Joint venture history includes significant exploration efforts such as drilling and geophysical surveys
  • IGO's withdrawal triggers the reversion of asset ownership and exploration responsibility to Carawine
  • Carawine plans to continue advancing exploration on the Fraser Range projects independently
  • Recent exploration results and activities are summarized, including key drilling outcomes
  • Carawine thanks IGO for their collaborative contributions to the joint venture
  • Forward strategy outlined to unlock the value of the Fraser Range assets post-IGO withdrawal
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.