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An announcement from Aurumin Ltd. ( (AU:AUN) ) is now available.
Aurumin Limited has announced promising high-grade gold assay results from its recent drilling program at the Gwendolyn deposit, part of the Johnson Range Gold Project in Western Australia. The results, which include significant gold intercepts, have exceeded expectations and support a resource upgrade from Inferred to Indicated classification. This development is seen as a key step towards the near-term development of the asset, with the potential for low-cost open pit mining due to the shallow depth of mineralization. The company plans to advance resource modeling and conduct further drilling to expand the resource, leveraging the current favorable gold price environment.
More about Aurumin Ltd.
Aurumin Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold deposits. The company is involved in projects in Western Australia, with a particular emphasis on the Johnson Range Gold Project.
Average Trading Volume: 880,763
Technical Sentiment Signal: Buy
See more data about AUN stock on TipRanks’ Stock Analysis page.