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Aurumin Ltd. ( (AU:AUN) ) has shared an update.
Aurumin Limited has completed the sale of three tenements to Yilgarn Iron Pty Ltd, allowing the company to focus on advancing its Sandstone Gold Project without dilution. The proceeds from this divestment will enable Aurumin to enhance resource confidence and progress its exploration activities in conjunction with Brightstar’s Pre-Feasibility Study. This strategic move positions Aurumin to consolidate its Sandstone Project and potentially increase its market presence in the gold mining sector.
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 includes a significant gold mineral resource and infrastructure aimed at supporting future gold mining operations. Aurumin also holds various other projects, including the Johnson Range and Birrigrin Project areas, with a focus on expanding its tenement footprint and enhancing shareholder value.
Average Trading Volume: 1,648,263
Technical Sentiment Signal: Buy
Find detailed analytics on AUN stock on TipRanks’ Stock Analysis page.