Aurumin Expands Sandstone footprint with fresh tenement purchase
- Aurumin (AUN) is set to purchase the Birrigrin Mining Centre tenement, around 70 kilometres north of its Central Sandstone project, from Westar Resources (WSR)
- The company announced its binding Heads of Agreement with Westar for the all-scrip deal on November 24
- The company will pay Westar two million AUN shares at 8.4 cents, totalling $168,000, for the “highly prospective” tenement
- Meanwhile, AUN is continuing its expansion plans for Central Sandstone, announcing on November 25 it had applied for 15 additional tenements in the area
- AUN shares are up 3.9 per cent and trading at 8 cents at 3:26 pm AEDT
