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Aurumin to pay $12M for Sandstone gold project

Middle Island to refocus as NT greenfields copper-gold explorer after development plans stalled

Haydn Black
Aurumin has the option to expand the existing plant to 750,000tpa

Aurumin has the option to expand the existing plant to 750,000tpa | Credits: Aurumin

The company's plans took a hit in April when its updated feasibility study showed open pit resources delivered only a marginal return in a A$2500 per ounce gold price for a $40 million development cost,...

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