✦ Brad Valiukas, Managing Director of Aurumin Limited (ASX:AUN) talks about the company's straightforward mining strategy
Aurumin Limited (ASX:AUN) has two very interesting projects in the Southern Cross Goldfields.
This is a region that has a history of producing high-grade resources. You can find these two projects listed on the Australian Stock Exchange (ASX) .
What is noteworthy is the company's acquisition of 750,000 ounces of gold.
This is a clear indication of the company's intent. And for Noel Ong, CEO of Samso, a company's intent is vital in how far they go. He had a feeling that Aurumin Limited was a company that was very focused on their mining strategy. And he was absolutely spot-on. The company's move has confirmed his thoughts.
The company's initial Mt Dimer and Mt Palmer and Johnson Range are initial cornerstone projects. However, this acquisition changes things and now the Sandstone project is a step up.
When Noel looks at a company's story, it is very common to see companies use their mining strategy as a lead for a story. This is all very well, except that few companies pull through and actually have the intent to make this story a reality.
The mining strategy itself is not rocket science. It is fairly straightforward and clear.
First, you look for historical mining projects that have potential for growth. You acquire it, and then you get down to business and drill. The natural next step is to then develop the project.
One of the key aspects of Aurumin's project is the 500,000 ounces of gold resources which is untouched and underground.
For Noel, this is a highly positive fact that is advantageous and warrants paying attention to. There is a lot of work to do, so the stamina of a long-distance runner is needed here. There's no quick-fix five-second microwave style result here. Mr. Valiukas' conversation with Noel also reveals more surprises in the making.
Tune in to the highlights of a gold miner's strategy here.
Chapters:
00:00 Start
00:25 Introduction
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.
25:52 Conclusion
PODCAST
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.
Contact Aurumin Limited
REGISTERED ADDRESS
C/o SmallCap Corporate Suite 1, 295 Rokeby Road, Subiaco WA 6008
OFFICE ADDRESS
Suite 2, Ground Floor 17 Ord Street West Perth WA 6005
POSTAL ADDRESS
PO Box 446 Subiaco WA 6904 Australia
t/ +61 8 6555 2950
w/ https://aurumin.com.au/
Disclaimer
This article is sponsored content.
ASX companies engage Samso and Brilliant-Online to share their commentary on the progress of their companies and projects. The author, owners of Samso and Brilliant-Online and associated entities may or may not hold shares of these companies.
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. - Samso
About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Contact Samso
Samso helps executives tell ASX stories that pique interest.
t/ +61 490 092 814
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