An announcement from Aurumin Ltd. ( (AU:AUN) ) is now available.
Aurumin Limited has announced promising results from its recent drilling program at the Central Sandstone Project, targeting high-grade iron ore. The results have led to an expansion and extension of the joint venture option agreement with Newcam Mineral Pty Ltd, increasing the potential for direct shipping ore (DSO) iron mineralization. This development could significantly enhance Aurumin’s operational capabilities and market positioning, with the potential joint venture valued at up to $7 million, accelerating project activities and reducing risks.
More about Aurumin Ltd.
Aurumin Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of iron ore, with a significant project at the Central Sandstone Project in Western Australia. Aurumin collaborates with Newcam Mineral Pty Ltd, a private mining company with established iron ore assets and export capabilities.
YTD Price Performance: -21.43%
Average Trading Volume: 365,160
Technical Sentiment Signal: Sell
Find detailed analytics on AUN stock on TipRanks’ Stock Analysis page.