Aurumin Ltd (ASX:AUN)'s Brad Valiukas gives the investment case for a $12 million acquisition bid, centred on the Sandstone Gold Project in Western Australia. Held by an eponymous subsidiary linked to Middle Island Resources Ltd (ASX:MDI), the Sandstone gold camp bolsters Aurumin's asset portfolio, which includes two historical high-grade production centres in WA. Looking ahead, Aurumin has flagged a capital raising to support the buy, with a placement, convertible note and entitlement offer in the mix to fund the Sandstone acquisition.
Aurumin outlines $12 million play for Sandstone Gold Project
