Aurumin (ASX:AUN) has completed the sale of three non-core tenements to privately held Yilgarn Iron, as part of the company’s strategy to advance the Sandstone Gold Project in Western Australia.
In September 2025, the company entered into a binding transaction with Newcam Minerals to divest its assets totalling $6 million. In addition to the three tenements, the divested assets include non-gold or silver rights, the Johnson Range and Mt Dimer projects, as well as a 20% joint venture interest in the Mt Palmer Project.
The funds from the divestment will be used to begin drilling and exploration activities at Sandstone.
The programs aim to increase the resource confidence classification of various open pit and underground deposits, including Shillington, Two Mile Hill, McIntyre, and Plum Pudding.
Aurumin, which has a market capitalisation of $68.77 million, also aims to advance the project simultaneously with Brightstar Resources (ASX:BTR).
The Prefeasibility Study (PFS) will ensure all deposits in the consolidated Sandstone Project are encapsulated within the pro-forma PFS.
Yilgarn Iron is a wholly owned subsidiary of Yilgarn Iron Investments.
Aurumin is a mineral explorer focused on the Sandstone region in Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Aurumin
