Wilton Resources: Condensed Interim Financial Statements 2HFY24

Wilton Resources Corporation Limited faced a challenging financial year, reporting a considerable loss and experiencing significant operational setbacks. Their gold mining business was heavily impacted, particularly by a hydrometeorological disaster that rendered their processing facility inoperable. Despite these difficulties, the company is actively pursuing strategic options to ensure its continued operation.

 

• Explore the major natural disaster that brought the Group's main gold processing facility to a standstill • Uncover the significant financial downturn the Group experienced, marked by a substantial reduction in revenue and increased expenses • Learn how the company's management is navigating financial pressures and maintaining a going concern outlook, despite ongoing audit concerns