Aurumin Sells Non-Core Assets to Fund Sandstone Growth

Aurumin Limited (ASX: AUN) has signed binding agreements to divest its non-core projects, raising AU$6 million in cash. The transactions include the sale of non-gold rights at Sandstone, the Johnson Range and Mt Dimer projects, a joint venture interest in Mt Palmer, and Sandstone Mill clean-up rights. Buyers include Newcam Minerals, Yilgarn Iron, and Sierra Mining and Exploration.

The funds will be directed toward advancing the Sandstone Gold Project in Western Australia, where Aurumin plans drilling to upgrade resource confidence across deposits such as Shillington, Two Mile Hill, McIntyre, and Plum Pudding. The strategy aligns with partner Brightstar’s pre-feasibility study, ensuring all deposits are incorporated within a consolidated development plan. By streamlining its portfolio, Aurumin positions itself to focus resources on accelerating gold production potential at Sandstone.

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