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Aurumin Partners with Newcam in $4M Gold JV, Sells Sandstone Non-Gold Rights for $1M

2:13am on Monday 2nd of June, 2025 AEST Mining
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Aurumin Partners with Newcam in $4M Gold JV, Sells Sandstone Non-Gold Rights for $1M

2:13am on Monday 2nd of June, 2025 AEST
Key Points
  • Newcam to earn up to 50% interest in Johnson Range and Mt Dimer gold projects via $4M staged expenditure
  • Aurumin may elect to be free-carried to net profit during joint venture operations
  • $1M cash injection from sale of non-gold mineral rights at Sandstone
  • Newcam to manage exploration and development during earn-in period
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