Explaurum Limited (ASX:EXU) is a Western Australian gold explorer focused on growing a significant gold project - Tampia Gold Project.
Explaurum urges shareholders to TAKE NO ACTION and ignore all correspondence from Ramelius Resources in relation to its takeover offer for Explaurum until a formal recommendation is provided by the Explaurum Directors.
Explaurum Limited (ASX:EXU) is an Australian-based gold exploration company focused on the exploration and development of the Tampia Gold Project. Located 240km east of Perth in the wheatbelt of Western Australia near the township of Narembeen, the prospect was discovered in 1987 and an Inferred Resource of 324,000oz gold estimated in 2000.
Following the acquisition of Tampia in September 2015, Explaurum has carried out extensive exploration and results to date have substantially increased the project’s resource / reserves which now stand at:
The recent feasibility study completion has confirmed that Tampia is one of the highest margin undeveloped gold projects in Australia.