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Aurumin Ltd. ( (AU:AUN) ) has provided an update.
Aurumin Ltd. has executed binding transaction documents to divest all its non-core assets, raising $6 million to focus on its Sandstone Gold Project. This strategic move, supported by Brightstar, allows Aurumin to advance its exploration and drilling activities, increasing resource confidence and aligning with Brightstar’s development strategy. The divestment includes the sale of various non-core assets to Newcam and Yilgarn Iron, streamlining Aurumin’s asset profile and paving the way for gold exploration success.
More about Aurumin Ltd.
Aurumin Ltd. is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is currently concentrating its efforts on the Sandstone Gold Project in Western Australia, aiming to enhance its gold resource base and advance towards production.
Average Trading Volume: 1,213,085
Technical Sentiment Signal: Buy
See more data about AUN stock on TipRanks’ Stock Analysis page.