Aurumin Limited was incorporated on 28 February 2020 in Western Australia as a gold exploration company. The Company was established to consolidate and progress gold exploration projects in the Southern Cross and Kalgoorlie regions. Since incorporation, the Company has acquired four gold projects with two having a history of previously high-grade gold production, including the Mt Dimer Project and the Mt Palmer Project:
- Mt Dimer – Open pit and underground production of approximately 123,000 ounces of gold from 600,000 tonnes @ 6.4 g/t and a substantial tenure footprint.
- Mt Palmer – Historical open pit and underground production for approximately 158,000 ounces of gold at an average grade of 15.9 g/t.
The purpose of the IPO Offer is to raise up to A$7,000,000 (before associated costs) by the issue of up to 35,000,000 Shares at an issue price of A$0.20 each.
It is anticipated that AUN will list on the ASX on 30 November 2020.
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