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Aurumin: Expands Sandstone footprint with fresh tenement purchase

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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