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AUE - Aurum Resources

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Aurum Resources Limited is currently a wholly owned subsidiary of Aldoro Resources Limited (ASX.ARN) (Aldoro). Following a strategic review of its assets, Aldoro decided to demerge its Penny South Project, the Unaly Hill South Project and the Ryan’s Find Project (Projects) via the Company.

The Projects are each located in Western Australia and considered by the Company to prospective for gold mineralisation. The Penny South Project and Unaly Hill South Project are each located within the Youanmi gold mining district and the Ryan’s Find Project is located within the Watt Hills Greenstone Belt. The Company considers that each of the Projects are underexplored and has delineated exploration targets to systematically explore each of the Projects.

It is anticipated that AUE will list on the ASX during October 2021.

 
Listing date14 October 2021 #
Contact detailshttps://www.aurumres.com.au/
Ph: (08) 6559 1792
Principal ActivitiesMining exploration
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeAUE
Capital to be Raised$5,000,000
Expected offer close date14 September 2021
UnderwriterNot underwritten. Xcel Capital Pty Ltd (Lead Manager)
 
and Aurum makes it to market. The 20c IPO is delayed two weeks, but never mind. It has opened at 23c, ran to 26c and now 24c
 


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