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Aurumin Ltd. ( (AU:AUN) ) has shared an update.
Aurumin Limited has announced a significant development with a joint venture agreement worth up to $7 million with Newcam Minerals Pty Ltd, granting an exclusive option to explore iron ore rights at the Central Sandstone Project. The company has also completed a drilling program at the Central Sandstone and Mt Palmer projects, aiming to expand its gold resources. Management changes were also announced, with Daniel Raihani appointed as Managing Director. These activities position Aurumin to enhance its gold and iron ore production potential, reflecting its strategic focus on increasing resource mass and future production capabilities.
More about Aurumin Ltd.
Aurumin Limited operates in the mining industry, focusing on gold and iron ore exploration and production. The company is engaged in various projects, including the Central Sandstone Project and Mt Palmer project, with a market focus on expanding its resource base and future gold production capabilities.
YTD Price Performance: -3.03%
Average Trading Volume: 837,531
Technical Sentiment Consensus Rating: Sell
For detailed information about AUN stock, go to TipRanks’ Stock Analysis page.
