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Brightstar and Aurumin Eye Merger to Forge 2.4Moz Sandstone Gold Giant
9:55am on Monday 30th of June, 2025 AEST
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Mining
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Brightstar and Aurumin Eye Merger to Forge 2.4Moz Sandstone Gold Giant
9:55am on Monday 30th of June, 2025 AEST
Key Points
Brightstar proposes to acquire Aurumin via a scheme of arrangement
Offer values Aurumin shares at a 17-26% premium based on recent trading
Combined Sandstone Gold Project to hold ~2.4 million ounces of gold resources
Merger aims to de-risk and accelerate gold project development in Western Australia
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