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Aurumin has pocketed a cash boost of $500,000 for the sale to private company Newcam Minerals of an exclusive six-month option on the iron ore rights at its Central Sandstone gold project in WA. Newcam will conduct due diligence across the site that consists of three mining leases and it may lead to a JV agreement between the two parties, resulting in a further $500,000 payment.

Aurumin is preparing to launch into a drilling campaign to expand its gold inventory and potentially find economic iron mineralisation at its range of projects around Western Australia's historic Mid West town of Sandstone. The company has a 946,000-ounce gold resource at its projects and recently retrieved 320 pulp samples to be assayed for the iron it identified from rock-chip sampling.

Aurumin has called in the experts to help it assess newly-found iron ore potential at its flagship Sandstone project in Western Australia's Mid West region, in what could become a significant add-on to its gold prospects. The company has engaged Southern Geoscience to undertake modelling of the existing geophysical datasets from its past gold exploration activities in a bid to generate iron ore targets.

Aurumin has unmasked what it says is a “real” high-grade iron ore discovery with the potential for significant scale at its flagship Sandstone gold project in Western Australia's Mid West region. The company has confirmed high-grade rock chip assays up to 67 per cent iron in banded-iron formations within a discontinuous strike of about 6km at the site.

Aurumin has unveiled a new suite of positive gold hits from four of its seven new targets at the company's 881,000-ounce Sandstone gold project in Western Australia following a first-pass reverse-circulation drilling campaign. With more imminent drilling to come, the latest finds build on results in May that included a bonanza 1m intersection of 344g/t from the company's Plum Pudding target.

ASX-listed Aurumin will focus its attention on its flagship Sandstone gold project in Western Australia's Mid West region after completing the last of its strategic divestments near Southern Cross in a deal with Kula Gold. The company has entered into a binding term sheet for Kula to acquire an initial 51 per cent interest in the Mt Palmer project for $250,000 in cash or shares.

Aurumin has smashed its previous ASX trading volume record out of the park after it revealed a bonanza gold grade hit of 1m going 344 grams per tonne from 43m in drilling at its Sandstone project in Western Australia's Mid West region. The immediate market response saw 56 million of the company's shares change hands – more than six times its previous record volume.

Aurumin has secured five new exploration tenements to stretch its near 1 million-ounce Sandstone gold operations that sit about 600km north-east of Perth in Western Australia's historic East Murchison region. The tenements sit on more than 60 square kilometres of the Youanmi terrane greenstone and consist of various historical workings and old deposits that make up several compelling targets.

Aurumin is looking to join the ranks of Western Australia's coveted million-ounce gold club after completing its latest reverse-circulation drill program at its Central Sandstone project, 520km north-east of Perth. Drilling was completed for 38 holes and tested seven new open-pit targets, as part of the company's bold push to extend its current 946,000-ounce gold resource.

Aurumin has kick-started its reverse-circulation drill campaign as it hunts for gold at its Sandstone project in WA. The program will consist of 40 drill-holes and test up to nine new open-pit targets. The existing resource is tantalisingly close to the magical one-million-ounce mark and the company will be looking for some solid results to help it burst through that all-important level.

Aurumin has bolstered its financial position at its Sandstone gold project in Western Australia's Mid West region, with a refreshed “drill-for-equity” agreement coming hot on the heels of it closing out on a convertible note. The company's rekindled deal with drilling contractor Topdrill will give management crucial choice and flexibility to increase drilling while preserving its cash.

Aurumin is primed and ready to get back to the drill rig at its Sandstone gold project in Western Australia's Mid West region after closing out on the final $1.07 million owing on a convertible note. The company says it will immediately exploit its financial freedom with a firm commitment to getting its Sandstone project back to “pouring gold bars”.

Following the sale of its Mt Dimer asset, Aurumin has wasted no time in making good its promise to home in on its Sandstone gold play, with the addition of a new tenement containing three historic gold mines. The mines produced 197 tonnes grading 10.58g/t gold for 67 ounces, 376 tonnes at 27.45g/t for 331 ounces and 82 tonnes at 5.92g/t for 15 ounces, respectively.

Aurumin has cleared the final outstanding amount owing on a convertible note and is now debt free having completed the sale of its suite of thirteen Mt Dimer tenements to Beacon Minerals for $3 million. Executed as part of a series of financial and corporate deals, the company is now squarely focused on further developing its recently acquired Sandstone Gold Project, 520km north-east of Perth.

Following several recent divestments, Aurumin has made good its promise to home in on its 946,000-ounce Sandstone gold project in Western Australia's Mid West region after revealing it had secured three new exploration licences. The move more than doubles the company's presence in the central project area as it gets closer to eradicating an overhanging $6.4 million debt relating to its Sandstone acquisition last year.

Aurumin has continued to level its exploration and financial focus further on its Sandstone gold project in Western Australia after selling the iron ore rights at its Mt Dimer operation to a subsidiary of Mineral Resources. It will retain exposure through progress and royalty payments as part of a $250,000 sale to Polaris Metals for iron ore rights at four of its Mt Dimer tenements.

Aurumin is sharpening its focus on its Sandstone gold project in WA after selling its Mt Dimer ground in a strategic decision that has edged it closer to wiping out an overhanging $6.4 million debt. It will pocket $3 million from Beacon Minerals for the sale of Mt Dimer, leaving just $1.4 million to pay to remove a convertible note relating to its Sandstone acquisition.

ASX-listed Aurumin looks set to pocket $3 million and a 2 per cent net smelter royalty from the Mt Dimer gold mining tenements after entering into a binding sale agreement for the site with Beacon Minerals. Beacon has also agreed to take $500,000 worth of Aurumin's fully-paid ordinary shares within five days, in exchange for an exclusivity period.

Aurumin has acquired two new exploration licence applications next to the company's 881,000-ounce Sandstone gold project. The new ground encloses similar prospective geology and mineralisation controls to those within Aurumin's main project area. With only limited exploration to date at the company's new ground, it offers considerable additional potential to discover previously unknown areas of gold mineralisation.

Aurumin set the drillbit spinning this morning on the first of its four planned diamond drill holes at its Mt Palmer project in Western Australia. It is targeting lithium-bearing pegmatites where it believes the geology is analogous to Wesfarmers' and SQM's Mt Holland lithium deposit, 65km to the south. The design of the diamond drill holes was awarded government funding for half of the costs.

ASX-listed Aurumin has kicked off a diamond drill program at its Mt Palmer project in Western Australia's Goldfields region, where it will target lithium-bearing pegmatites with a focus on its Vickers Find South prospect. The target hosts confirmed pegmatites within a mafic-ultramafic sequence in a geological setting similar to that at the Mt Holland lithium deposit, which is about 65km to the south.

ASX-listed Aurumin has kicked off the first of two phases of development works for its Mt Dimer gold project, where it is planning shallow open pits at its high-grade Lightning and Golden Slipper deposits. Mt Dimer sits about 120km north-east of Southern Cross, at a site where historical high-grade production delivered more than 125,000 gold ounces, including production of 600,000 tonnes at 6.4g/t gold.

Aurumin is primed for another stint on the rig at its Sandstone gold project, 520km north-east of Perth. A 5000m campaign will chase targets from geochemical and structural work at the project and is expected to launch early next month, with management saying the 44 holes of exploratory work will cover nine open-pit targets that all sit within a 3km radius of its processing plant.

ASX-listed Aurumin is set to continue its search for lithium at its Mt Palmer project in the Goldfields after being named a successful applicant for the WA Government's Exploration Incentive Scheme. The explorer has executed an agreement with the Department of Mining, Industry Regulation and Safety, through its subsidiary Aurumin Mt Palmer, to receive up to $150,000 in direct drilling and mobilisation costs.

Ultrafine soil sampling results have revealed gold in soil anomalism generating several fresh targets on a recently acquired tenement along a 1.4km zone on the Sandstone Greenstone belt. The site, that sits in Aurumin's Central Sandstone project and near its Two Mile Hill deposit lies about 520km north-east of Perth where the company says the newly generated targets will help inform planning for the next drill program.

ASX-listed explorer Aurumin has entered into a drill for equity agreement with contractor Topdrill ahead of the company's planned campaign at its Central Sandstone project about 520km north-east of Perth. According to the agreement, Aurumin can pay up to 50 per cent of its drilling costs invoiced by Topdrill by issuing ordinary shares from its placement capacity up to a maximum of $1 million.

Aurumin has increased its potential gold footprint by entering into a binding heads of agreement with Westar Resources to purchase the historical Birrigrin mining centre, 70km north of its Sandstone operations. The Birrigrin tenements contain 39 mapped shafts dating back to the early 1900s with recorded production grades up to 196 grams per tonne gold, however the site remains largely untested at depth by drilling.

ASX-listed Aurumin is now wielding a gold inventory of 946,000 ounces in WA's Mid West region after tabling resource updates for the company's newly acquired Central Sandstone deposits and incorporating its nearby Johnson Range project into one operation. Notably, the explorer boosted the gold grade of the operation's centrepiece, the Two Mile Hill underground deposit, from 1.1 grams per tonne to 1.6 g/t.

ASX-listed Aurumin has embarked on a mapping and soil sampling campaign across the company's Greater Sandstone gold project in WA's Mid West region as it looks to generate targets for further exploration work. Aurumin's program aims to cover the majority of its tenement package and has kicked off at the explorer's newly acquired ground that was purchased from private outfit Mining Equities for 500,000 Aurumin shares and a one per cent net smelter royalty.

Mineral explorer Aurumin's winning run continues from diamond drilling at its Central Sandstone project 130km west of Leinster in WA as the company aims to extend the mineral resource at the site. The final assay from the program returned a 242.7m intersection going 1.2 grams per tonne gold from 203.1m including an 8.3m at 4.82 g/t gold from 214.2m. The campaign sought to test the northern section of the project's Two Mile Hill deposit.

Aurumin's winning run has continued with impressive results from the third hole of an RC drill campaign at its Central Sandstone gold project in WA including a 352.8m intersection at 1.5 g/t gold from 267.2m. The company says mineralisation continued down the hole with another 145.2m section going 0.5 g/t gold from 620m as the explorer aims to further define its resource at the Two Mile Hill deposit 130km west of Leinster.

Results from recent RC drill work by mineral explorer Aurumin indicate a continuity of gold between two deposits at the company's 784,000-ounce Central Sandstone gold project near Leinster in Western Australia. The RC program included nine holes for 1245m drilled and returned significant assays including 7m going 5.78 g/t gold from 137m downhole and 8m at 4.99 g/t gold from 80m.

Mineral explorer Aurumin has recorded consecutive wide intercepts at its Two Mile Hill deposit from an RC and diamond drilling campaign at the company's Central Sandstone gold project 130km west of Leinster in WA's Goldfields. The second hole assayed at the deposit recorded an impressive 224m intersection going 1.5 grams per tonne gold from 229.6m. The first hole drilled at the site recorded a broad 344m hit going 1.29 g/t gold.

Mineral explorer Aurumin has intersected an impressive 344m at 1.29 grams per tonne gold in its first diamond drill hole at the company's 784,000-ounce Central Sandstone gold project 130km west of Leinster in Western Australia. Highlights within the broad interval include 40.9m at 2 g/t, 21.8m at 2 g/t and 16.1m at 2.9 g/t.

Buoyed by visible gold from its first diamond drill hole at the company's Central Sandstone gold project, Aurumin Ltd has added another tenement to its land holding in WA's East Murchison region. The move will lift the granted acreage at Aurumin's wholly owned, historical Central Sandstone Gold Project to 126 square kilometres.

Mineral explorer Aurumin has intersected visible gold in its first diamond drill hole at the company's 784,000-ounce Central Sandstone gold project 130km west of Leinster in WA. With the RC portion of its program completed, the diamond drilling aims to extend and better define the project's premier underground resource, Two Mile Hill, of 14.2Mt grading 1.1 g/t and containing 500,000 ounces of gold.

Junior explorer Aurumin has intersected multiple pegmatites with indications of lithium after RC drilling at the company's Mt Palmer gold project in Western Australia. Anomalous lithium and pathfinder elements were uncovered in the first-pass drilling, with up to 370 parts per million lithium detected across several samples in Aurumin's 12-hole program.

Mineral explorer Aurumin has kicked off a barrage of diamond drilling after completing the RC portion of its exploration campaign at the company's 784,300-ounce Central Sandstone gold project in WA. Nine holes for 1245m of RC drilling on the project's 86,500-ounce Shillington deposit have been completed in addition to five RC “pre-collars” for the explorer's Two Mile Hill tonalite deposit.

Mineral explorer Aurumin has completed a lithium-focused drilling program into its Mt Palmer gold project in WA, coinciding with the return of positive soil sample results. The 12-hole program drilled 1212m into target B of the Vickers Find South prospect and intersected pegmatites ranging from one to 40m in thickness in 11 of the 12 holes. Assays to reveal the lithium content are currently pending.

Gold-focused Aurumin is gearing up for its inaugural drilling program at the company's recently-acquired Central Sandstone gold project 130km west of Leinster in WA. The campaign will feature a mix of RC and diamond drilling and is expected to start this month following the end of the company's ongoing lithium hunt at its Mt Palmer project, 350km to the south.