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Aurumin Ltd. ( (AU:AUN) ) has shared an update.
Aurumin Ltd. announced the start of a drilling program at its Central Sandstone Project, targeting high-grade iron ore as part of an agreement with Newcam Mineral Pty Ltd. This drilling is crucial for Newcam’s decision on forming a joint venture, potentially bringing up to $7 million in project funding. The initiative aims to enhance the project’s value and operational efficiency, as well as position Aurumin favorably in the iron ore market by leveraging Newcam’s logistical capabilities.
More about Aurumin Ltd.
Aurumin Ltd. operates within the mining industry, focusing on the exploration and development of mineral resources, particularly iron ore. The company is engaged in projects such as the Central Sandstone Project, which houses significant mineral deposits and infrastructure for potential mining operations.
YTD Price Performance: -4.29%
Average Trading Volume: 637,288
Technical Sentiment Consensus Rating: Sell
See more insights into AUN stock on TipRanks’ Stock Analysis page.
