TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Aurumin Ltd. ( (AU:AUN) ) has provided an update.
Brightstar Resources Limited has received approval from both Aurumin shareholders and the Supreme Court of Western Australia for its acquisition of Aurumin Limited through a scheme of arrangement. This acquisition consolidates the Sandstone Greenstone Belt under one ownership for the first time in over a decade, increasing Brightstar’s Mineral Resource Estimate significantly. The consolidation is expected to enhance Brightstar’s position as an emerging mid-tier gold producer in Western Australia, with plans for extensive drilling and development activities to further expand its resource base and production capabilities.
More about Aurumin Ltd.
Brightstar Resources Limited is a company operating in the gold mining industry, focusing on exploration and development of gold projects. Its primary market focus is on the Western Australian goldfields, with key projects including the Menzies, Laverton, and Sandstone Gold Projects.
Average Trading Volume: 1,473,259
Technical Sentiment Signal: Buy
Current Market Cap: A$56.09M
See more insights into AUN stock on TipRanks’ Stock Analysis page.