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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
28 Jul 2025 8:25AM
Price at Release
$0.097
Full Release
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Summary
Carawine Resources Limited (CWX) released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the period ending 31 March 2024. The report details significant progress in exploration activities across its project portfolio, including the Thunderstruck JV in the Paterson region, Fraser Range, Tropicana North, and Jamieson projects. The company highlights the successful completion of drilling programs, positive assay results, and ongoing planning for future exploration. CWX also reports on its financial position, outlining cash flows for the quarter, with a focus on exploration expenditure and prudent management of corporate costs. No production or revenue was reported, but the company remains well-funded to continue its exploration activities.
Key Points
  • Quarterly report covers activities up to 31 March 2024.
  • Significant drilling completed in Paterson (Thunderstruck JV), Fraser Range, and Tropicana North projects.
  • Positive assay and exploration results, particularly at the Thunderstruck JV (with Rio Tinto).
  • Exploration programs planned or underway for several projects, including Jamieson.
  • Ongoing focus on gold, copper, and base metal exploration in Western Australia and Victoria.
  • No mining production or sales revenue during the quarter.
  • Appendix 5B Cash Flow Report highlights exploration expenditure as the main cash outflow.
  • Company maintains a strong cash position to support ongoing exploration.
  • No new tenements acquired, disposed of, or farmed-out during the period.
  • Corporate expenditures remain low; no significant payments to related parties other than standard director fees.
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.