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Brightstar’s $60m Aurumin Deal Sets Stage for Sandstone Gold Boom
9:41am on Monday 21st of July, 2025 AEST
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Brightstar’s $60m Aurumin Deal Sets Stage for Sandstone Gold Boom
9:41am on Monday 21st of July, 2025 AEST
Key Points
Brightstar to acquire 100% of Aurumin via scheme of arrangement
Aurumin shareholders receive 1 Brightstar share per 4 Aurumin shares, ~20-27% premium
$50 million placement secured to fund accelerated exploration and development
Combined Mineral Resource of 3.9 million ounces gold at 1.5g/t
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