Perth, Western Australia – April 22, 2024 – Aurumin Limited (ASX: AUN) is pleased to announce the strategic expansion of its flagship Sandstone Gold Operations with the acquisition of five new exploration tenements. This addition reinforces Aurumin’s presence in the prolific Youanmi Terrane, located 520 km northeast of Perth, part of the company's 100% owned 946 koz Au Central Sandstone Project.
The newly acquired tenements, spanning an additional 60 km², include historical workings and well-defined mineralisation trends, which are key to Aurumin's ongoing development strategy. These tenements are poised to enhance the company's exploration capabilities and drive significant value for stakeholders.
Aurumin's Managing Director, Brad Valiukas, commented: “After repositioning the Company for growth, we are pleased to be further investing into our flagship 946koz Sandstone Gold Operations with these additional tenements.
“We are focussed on the Central Sandstone Project and generating the critical mass required for future production, and have recently completed drilling of 7 new targets and 2 extensional positions targeting additional open pit material to support an operational restart.
“These additional tenements are part of our longer term plan to achieve sustainable production Sandstone and provide more exploration opportunities into the medium term.”
About us:
Aurumin Limited is an ASX-listed mineral exploration Company focused on two project areas in Western Australia. The Sandstone Gold Operations were cornerstone by the acquisition of the Central Sandstone Gold Project by the Company in early 2022.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au