Carawine Receives Western Australia JV Exit Notice from IGO
MT Newswires Live
Jul 11, 2025
Carawine Resources (ASX:CWX) received notice from IGO (ASX:IGO) of its intention to exit the Fraser Range joint venture (FRJV) in Western Australia, according to a Friday filing with the Australian bourse.
IGO has advised it will relinquish exploration licence E39/1733, the last remaining tenement in the FRJV, effectively terminating the joint venture, per the filing.
Under the terms of the FRJV, Carawine may purchase IGO's 76% interest in E39/1733 for AU$1 or consent to the tenement's surrender, the filing added.
Carawine will review past drilling and survey data at the tenement to assess its nickel sulphide potential before deciding next steps.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.