Answers Forthcoming for Wiluna Collapse
Investors in Wiluna hope to start getting answers as to why the company suddenly went into administration last week, with an initial report to creditors due on August 1.
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Wiluna Mining Corporation Limited
Wiluna Mining is an Australian Gold Producer with Remarkable Growth Opportunity.
Wiluna Mining Corporation is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of the most prolific gold regions in the world.
The Company owns 100% of the Wiluna Gold Operation which has a defined resources of 8.04 Moz at a grade of 1.63 g/t Au and including a high grade Mineral Resources at the Wiluna Mining centre of 4.24 Moz at 4.89 g/t. In May 2019 a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation’s multi-million-ounce potential.
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News
Mining Morsels: GOR, ALK, WMC
Gold's struggles don't seem to be slowing down the busy local sector's news feed in any way - here are three more updates released during Wednesday's ASX session.
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Wiluna Well on Track with Capital Raising
Wiluna Mining (ASX: WMC) revealed Monday that $53 million had been raised at $1 a share, more than half the $81 million or so required to back further work at its Wiluna gold project in WA.
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