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Resurrection in sight for WA gold miner

Gascoyne Resources is set to raise A$125 million as it emerges from administration, with a fully underwritten placement and a new debt facility, allowing it to reduce its debts, return to trading, and fund exploration and resource definition drilling for the first time in more than a year.

Resurrection in sight for WA gold miner Resurrection in sight for WA gold miner Resurrection in sight for WA gold miner Resurrection in sight for WA gold miner Resurrection in sight for WA gold miner

Dalgaranga gold plant in Western Australia

The total funding package is aimed at allowing the company to affect its deed of company arrangement and emerge from the control of administrator FTI Consulting, and see the gold miner continue its