Carawine Resources Limited
CWX.AX
Australian Securities Exchange0.11
AUD
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Carawine Resources Limited
CWX.AX
(Australian Securities Exchange)
Recent
price
0.11
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Carawine Resources Limited is an Australian mineral exploration company focused on the exploration and development of gold, copper, cobalt, nickel, and base metal deposits. The company operates five key exploration projects across Western Australia and Victoria, including the Paterson Project, targeting copper and copper-gold deposits; the Fraser Range Project, prospective for magmatic nickel-sulphide deposits; the Oakover Project in the Eastern Pilbara region focusing on manganese, copper, iron, and gold; the Tropicana North Gold Project in Western Australia; and the Jamieson Project in Victoria with gold-copper and zinc-gold-silver prospects. Carawine engages in joint ventures and farm-in agreements with major industry players such as Fortescue Metals Group and IGO Limited, showcasing strategic partnerships that emphasize exploration and resource development in established mineral-rich provinces. Founded in 2006 and headquartered in West Perth, Australia, Carawine is listed on the Australian Securities Exchange (ASX) under ticker CWX. Recently, Carawine Resources underwent significant corporate changes including the compulsory acquisition of its remaining shares by QGold Pty Ltd, approved by the Federal Court of Australia in October 2025, leading to the suspension of Carawine shares from ASX trading and the company’s imminent delisting. Additionally, IGO Limited formally withdrew from the Fraser Range Joint Venture, reverting full control of specific tenements back to Carawine. Strategic funding agreements with QGold have supported ongoing exploration activities, including an $8 million loan arrangement to finance operations at the Tropicana North Gold Project. Carawine also signed a letter of intent to acquire the remaining 76% stake in the E39/1733 tenement from IGO Limited, reflecting ongoing consolidation of valuable mineral assets within its portfolio. These developments signal a transformation in Carawine’s operational structure and shareholder base while maintaining a strong focus on exploration and resource development in key Australian mineral provinces.