AUN has sold Mt Dimer leases to Beacon Minerals, 120km northeast

Aurumin Limited (ASX: AUN) has completed the sale of Mt Dimer mining leases and licenses to Beacon Minerals Ltd, located 120km north-east of Southern Cross. The AU$3.0 million sale includes a 2% royalty on gold production over 12,000 ounces. Proceeds reduced the Convertible Note balance to AU$1.071 million, with plans for prompt closure by Collins St Asset Management Pty Ltd.

In tandem, Aurumin secured firm commitments for a placement, issuing 50 million shares at AU$0.025 per share, raising AU$1.25 million. The placement includes Collins St Asset Management (34,504,512 shares), Middle Island Resources Limited (5,495,488 shares), and 7 Enterprises Pty Ltd (10,000,000 shares). Subject to shareholder approval, each share issued will have a free attaching option with an exercise price of AU$0.06 and an expiry date of 22 December 2026.

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