M&A

Aurumin to pay $12M for Sandstone gold project

AFTER five years to trying to make a go of the 784,000 ounce Sandstone gold project in Western Australia, Middle Island Resources has decided to pull the plug, selling up to Southern Cross-focused Aurumin.

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

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

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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