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August 2012

30/08 - Finances keep new gold mine on hold

Cautious investors could stall a major underground gold mine east of Canberra, which will cost more than $77 million to build.
 

Almost a year after state and federal agencies approved Cortona Resources' gold mine at Majors Creek near Braidwood, the Perth company is yet to reveal a starting date.
 

In the company's 2012 annual report, chairman Clive Jones said financial markets' low appetite for risk would continue to influence how and when the mine would be funded.
 

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