Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 60% interest in the Pino de Oro project in Zamora Province and a 54% interest in the Peralonso and Cabeza projects in Salamanca Province.
Pursuant to its announcement on 22 October 2013, Aurum announced a deal to farmout a majority stake in the Morille tungsten project to Plymouth Minerals Limited (“Plymouth”) (ASX: PLH).
Aurum’s 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a ‘brownfield’ site with historical data indicating the production from the site of high quality tungsten concentrates from mineralisation grading up to 1% WO3. This historic work will provide key information on where initial exploration targets are located.