Aurumin Limited (ASX:AUN) - The Making of a Gold Miner
Coffee with Samso Episode 125 is with Brad Valiukas, Managing Director of Aurumin Limited (ASX: AUN)
The acquisition of 750,000 ounces of gold is a clear indication of the intent of Aurumin Limited. I felt that Brad Valiukas and his team were focused on their mining strategy. This move has confirmed my thoughts.
The strategy was pretty straightforward. Acquire historical mining projects that have potential for growth. Drill. And develop.
When I hear companies with this strategy, I notice that many use it as their lead for a story, but few actually have the intent to make it happen.
One of the key aspects of the project is the 500,000 ounces of gold resources which is untouched and underground. In my opinion, this is an upside that cannot be ignored. We're not talking about a sprint to the finish here. If anything, this is going to be a marathon, and by the sound of our conversation, there are more surprises coming.
00:55 Brad discuss Sandstone acquisition
01:40 The prospectivity of the Sandstone and how Aurumin pitches the story now.
03:15 How do the older projects work alongside the new project?
04:53 Key projects of Sandstone.
07:06 Is there a Mill story?
09:03 Neighbours are finding new gold, is this positive for Aurumin?
11:01 How do you explain the low grade story to investors?
13:17 Making the ounces work.
14:40 Underground is a new play - Renovation is not always a good thing.
15:08 What are Brad's thoughts on the potential?
16:05 The ore is recoverable.
16:39 Does the market like this gold space?
18:59 Interest for transaction.
19:53 What are the news coming up?
20:48 What is happening in the other projects?
22:31 Are your other projects a preview to what will come with Sandstone?
23:33 Satellite projects will make the Mill story work.
24:34 A communal Mill will work for all players.
This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides).
About Brad Valiukas - Managing Director
BEng (Mining), GradCert (Econ), Member AusIMM
Mining Engineer and experienced executive with over 20 years operational, management and executive experience covering underground and open pit operations across multiple commodities around Australia and internationally.
Brad's most recent position is that of Manager – Technical Services for Northern Star Resources. He was previously COO at Focus Minerals, COO at ABM Resources and held senior roles at Mincor Resources.
About Aurumin Limited (ASX: AUN)
Aurumin Limited (ACN 639 427 099) (Aurumin or Company) is an Australian company incorporated on 28 February 2020 in Western Australia as a mineral exploration company to allow the reorganisation of projects held by Aurumin Mt Dimer Pty Ltd (formerly Acertim Resources Pty Ltd) (Aurumin Mt Dimer).
In particular, the Company was established to enable the restructure of the Mt Dimer, Mt Palmer and Johnson Range projects into separate project entities and further consolidate additional tenements, and to progress these gold exploration projects in the Southern Cross and Kalgoorlie regions. Since incorporation, the Company has acquired 100% legal and beneficial ownership of Aurumin Mt Dimer and Aurumin Mt Palmer Pty Ltd (formerly Mt Palmer Gold Pty Ltd), and has entered into a further 3 tenement acquisition agreements and applied for further tenements such that it now has an interest in 29 tenements across 4 projects.
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.
Keep us informed too!
Please let us know your thoughts and send us any comments to firstname.lastname@example.org. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.