WRM went bankrupt because of rehabilitation cost overruns but that was within their NSW acreage (Mt Carrington). The Victoria land database has the licence status under "Licence Needs to be Renewed or it will Expire Soon" so I guess it might become eligible for reapplication without incurring former liabilities.
WRM took over Austar Gold Limited (ASX:AUL) in 2021 for 24.5 million A$ in shares, thus historically it was deemed worth something. Seperately, this included a simple GPP without ball mill at the Morning Star Mine, so I'm not sure if KAU could make use of that.
Anyway, some near-mine exploration potential for A1 with some historic workings on it can't lead astray and detract from the main mission.
KAU Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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