Aurumin Limited (ASX: $AUN) announces high-grade iron ore discovery at Central Sandstone Project

Aurumin Limited (ASX: $AUN) has reported high-grade iron ore discovery at its 100% owned Central Sandstone Project, located 520km north-east of Perth. The recent rock-chip sampling has returned high-grade iron in banded iron formations over a discontinuous strike of over 6km, demonstrating potential for Direct Shipping Iron Ore (DSO) on mining leases. The high-grade iron is located proximal to the main sealed road currently used for hauling DSO iron ore, presenting an opportunity for complementary synergies with the progressing gold project. The Company is planning for drill testing of the high-grade iron formations.

Aurumin's Managing Director, Brad Valiukas, on the high-grade iron ore discovery

'These are great results and represent a real discovery. There is a 6km strike of banded iron outcrops with potential widths of 5 to 40m requiring further exploration. First pass rock chip sampling returned numerous high-grade DSO quality results, with a peak of 67% and represent an exciting complementary opportunity at Central Sandstone. Full credit to the team for identifying and working up this opportunity. This potential has been walked over by generations of operators, and we are delighted to bring it forward. Sandstone is already on the haulage route for iron ore producers to the Geraldton Port. Aurumin's focus is firmly on Sandstone and generating the critical mass required for future production. The close proximity of the iron ore to some of our gold deposits, not to mention the potential value of the iron ore itself, could significantly alter the project economics. We are already spoilt for targets and this adds a big one into the mix.'

Summary of high-grade iron ore discovery and outlook

Aurumin Limited (ASX: $AUN) has unveiled a significant high-grade iron ore discovery at its Central Sandstone Project, presenting the potential for Direct Shipping Iron Ore (DSO) on mining leases. The discovery of high-grade iron ore, with grades up to 67% Fe from a series of banded iron formations over a discontinuous strike of over 6km, has opened up an exciting complementary opportunity at Central Sandstone. The Company's Managing Director, Brad Valiukas, highlighted the close proximity of the iron ore to some of their gold deposits, emphasizing the potential value of the iron ore and its possible impact on the project economics. With planning underway for drill testing of the high-grade iron formations, Aurumin is focused on generating the critical mass required for future production. The discovery adds a significant target to the Company's portfolio and could potentially alter the project economics, providing an optimistic outlook for Aurumin's corporate strategy and the Central Sandstone Project.