Coffee with Samso

The Making of A Gold Miner


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Coffee with Samso Episode 125 is with Brad Valiukas, Managing Director of Aurumin Limited (ASX: AUN)   The acquisition of 750,000 ounces of gold is clear indication of the intent of Aurumin Limited. I have felt that Brad Valiukas and his team were focused on a mining strategy. This move has confirmed my thoughts.   Aurumin Limited (ASX:AUN) listed on the Australian Stock Exchange (ASX) with two very interesting projects in the Southern Cross Goldfields that has a history of producing high-grade resources.   The strategy was pretty straight forward. Acquire historical mining projects that have potential for growth, drill and develop. When I hear companies with this strategy, many use that as the lead for a story and few actually have the intent to make it happen.   The initial Mt Dimer and Mt Palmer and Johnson Range initial cornerstone projects for the company. However, with this acquisition, the Sandstone project is a step up.   One of the key aspect of the project is the 500,000 ounces of gold resources which is untouched and underground. In my opinion, this is an upside that cannot be ignored. This is definitely not going to be a sprint to the finish. This is going to be a marathon and by the sound of our conversation, there are more surprises coming.   Chapters:   00:00 Start 00:25 Introduction 00:55 Brad discuss Sandstone acquisition 01:40 The prospectivity of the Sandstone and How does Aurumin pitch the story now? 03:15 How does the older projects work alongside the new project. 04:53 Key projects of Sandstone. 07:06 Is there a Mill story? 09:03 Neighbours are finding new gold, is this positive for Aurumin? 11:01 How do you explain the low grade story to investors? 13:17 Making the ounces work. 14:40 Underground is a new play - Renovation is not always a good thing. 15:08 What is Brad's thoughts on the potential. 16:05 The ore is recoverable. 16:39 Does the market like this gold space? 18:59 Interest for transaction. 19:53 What is the news coming up? 20:48 What is happening in the other projects? 22:31 Is your other projects a trailer to what will come with Sandstone ? 23:33 Satellite projects will make the Mill story work. 24:34 A communal Mill will work for all players. 25:52 Conclusion
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