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WIA Gold Reports Cash Build in June Quarter

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WIA Gold (ASX:WIA) ended the June quarter with no debt and a cash balance of AU$119.1 million, according to a Thursday filing with the Australian bourse.

That compares with a cash balance of about AU$40.9 million as of March 31, according to a previous filing.

The company said evaluation and exploration expenditure in the June quarter totaled AU$7.6 million, with no mining production and development activities conducted.

A definitive feasibility study for WIA Gold's Kokoseb project in Namibia remains on track for completion in the third quarter, per the filing.

The company's shares fell 1% in recent Thursday trade.

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