Middle Island Resources has sold its Sandstone gold project and processing plant to Aurumin for $6m cash and $6m in Aurumin shares. Post the deal Middle Island will hold approximately 18.5 per cent of Aurumin’s issued capital, allowing it to maintain some upside to the project via its Aurumin holdings. Middle Island is looking to take its $6m in cash to up to Tennant Creek in the NT where…
