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Arc mothballs Indonesian gold project amid funding woes

AILING gold play Arc Exploration has lifted its securities from voluntary suspension to confirm its Cibaliung gold project has been placed on care and maintenance as the cash-strapped company seeks to sort out project funding.

Charlotte Dudley
Arc mothballs Indonesian gold project amid funding woes

Melbourne-based Arc – formerly Austindo Resources – suspended trading on November 3, after failing to secure funding for the continued development of the Indonesian gold project. The company proposed...

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