Aurumin Limited

Website: www.aurumin.com.au
Primary ticker: Pre-IPO
Stage of development: Exploration
Commodity: Gold
Project to promote: Mt Dimer and Mt Palmer
Project location: Australia

Major shareholders:
Heelmo Holdings Pty Ltd – 30%
Bayview Resources Pty Ltd – 18%
Grant Evans – 15%
BV Mining Pty Ltd – 6%
Steven Conway – 5%
Management ownership – 40%

Aurumin has recently completed the acquisition of two historical high-grade gold mines at Mt Palmer (158koz @ 15.8g/t) and Mt Dimer (125koz @ 6.4 g/t) in Western Australian and consolidated significant continuous exploration tenement packages around them.

The Mt Dimer project ceased production in 1997 when the gold price fell below US300/oz. There is existing defined mineralisation to build on, walk up targets for exploration and potential open pits ready to advance. The Mt Palmer project ceased production in 1944 and has a 1000oz per vertical meter profile in greenstone terrane and is in the region of million ounce deposits. Both projects have significant potential around the existing mine footprints and regionally.

The Company board and management team are an experienced exploration, development and mine operation team with a track record of successful execution. The Company has a clear focus on advancing to development and has initial projects to support its strategy.

Management Profile

Brad Valiukas – Managing Director

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.

Most recently Manager – Technical Services for Northern Star Resources, previously COO at Focus Minerals, COO at ABM Resources and senior roles at Mincor Resources.


What is your rationale for taking part 121 Mining Investment?

Aurumin Limited is planning to seek a listing on the ASX during 2H 2020. Aurumin is seeking to raise its profile with potential investors that have an interest in high-grade gold projects in a tier 1 jurisdiction with an experienced board and management team with a track record of execution.

What recent news would you like to highlight to investors attending?

The Company has recently completed the acquisition of historical high-grade gold mines at Mt Palmer (158koz @ 15.8g/t) and Mt Dimer (125koz @ 6.4 g/t) in Western Australian and consolidated significant continuous exploration tenement packages around them.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Complete an Initial Public Offering on the Australian Securities Exchange and commence exploration.

6 Months:

Release extension and infill drilling results for Mt Palmer and Mt Dimer.

12 Months:

Release maiden JORC 2012 resources for Mt Palmer and Mt Dimer with demonstrated progress towards critical mass for production.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The current key risk for Aurumin is funding its proposed exploration programme, which the Company is addressing through its planned Initial Public Offering on the Australian Securities Exchange.

What do you think makes your company such a compelling investment?

Aurumin holds 100% interest in two historical high-grade gold mines at Mt Palmer (158koz @ 15.8g/t) and Mt Dimer (125koz @ 6.4 g/t) in WA and has consolidated significant exploration tenement packages around them.

Both projects have significant potential around the existing mine footprints and regionally for rapid resource definition/expansion and advancing the Company towards its production objective. The Company’s proposed exploration plan will produce substantial newsflow of results post IPO.

The Company board and management team are experienced operators with a track record of successful execution. The Company has a clear focus on advancing to development.

Analyst Insight – provided by Independent Investment Research

Aurumin is a pre-IPO company that has recently completed the acquisition of two historical high-grade gold mines at Mt Palmer (158koz @ 15.8g/t) and Mt Dimer (125koz @ 6.4 g/t) in Western Australian and consolidated significant continuous exploration tenement packages around them.

Aurumin Limited is planning to seek a listing on the ASX during H2 2020. Aurumin is seeking to raise its profile with potential investors that have an interest in high-grade gold projects in a tier-1 jurisdiction with an experienced board and management team with a track record of execution.

The Mt Dimer project ceased production in 1997 when the gold price fell below US300/oz. There is existing defined mineralisation to build on, walk-up targets for exploration and potential open-pits ready to advance.

The Mt Palmer project ceased production in 1944 and has a 1,000oz per vertical metre profile in greenstone terrane and is in the region of million ounce deposits. Both projects have significant potential around the existing mine footprints and regionally.

Both projects have significant potential around the existing mine footprints and regionally for rapid resource definition/expansion and advancing the company towards its production objective. The company’s proposed exploration plan will produce substantial news-flow of results post IPO.

The company board and management team are an experienced exploration, development and mine operation team with a track record of successful execution. The company has a clear focus on advancing to development and has initial projects to support its strategy.