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Aurumin Ltd. ( (AU:AUN) ) has provided an update.
Aurumin Limited has completed the sale of its non-core assets, including the Sandstone non-gold/silver rights and its 20% joint venture interest in the Mt Palmer Gold Project, to Newcam Minerals Pty Ltd. This strategic divestment allows Aurumin to focus on advancing its Sandstone Gold Project without dilution, supported by Brightstar’s Pre-Feasibility Study. The proceeds will be used to enhance resource confidence and advance exploration activities, positioning Aurumin to consolidate its Sandstone operations and potentially increase shareholder value.
More about Aurumin Ltd.
Aurumin Limited is an ASX-listed mineral exploration company focused on the Sandstone region in Western Australia. The company is centered around the Central Sandstone Project, which boasts an 885,800 ounce gold mineral resource and significant infrastructure, aiming to support future gold mining operations. Aurumin also holds other projects such as the Johnson Range and Birrigrin, with a focus on creating additional shareholder value through active exploration.
Average Trading Volume: 1,503,058
Technical Sentiment Signal: Buy
Learn more about AUN stock on TipRanks’ Stock Analysis page.