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GWR Group Limited (ASX:GWR)

ALERT: Price-sensitive ASX Announcement for GWR
Current share price for GWR : $0.145 0.056 (62.92%)+
Announcement
Release
29 Apr 2025 12:49PM
Price at Release
$0.089
Full Release
download
Summary
GWR Group Limited has reported its quarterly activities for March 2025, highlighting significant developments in its mineral resource projects, including the Prospect Ridge Magnesite Project and the Wiluna Iron Ore royalty. The company has a strong cash position of $39.6 million and has generated $2.53 million in royalties from the Wiluna Iron Ore Project. Ongoing exploration and drilling activities are focused on the Arthur River deposit, with future plans for further drilling contingent on previous results. GWR is actively pursuing strategic growth opportunities and is committed to disciplined investment decisions.
Key Points
  • GWR has a cash position of $39.6 million.
  • The company earned $2.53 million in royalties from Wiluna Iron Ore.
  • Exploration continues at the Prospect Ridge Magnesite Project.
  • Phase two diamond drilling at Arthur River has been completed.
  • Third phase drilling is being considered based on phase two results.
  • GWR is pursuing strategic growth opportunities in mineral resources.
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.