Auravelle Metals (ASX:AUV) expanded its footprint in the Western Australian Goldfields, announcing the acquisition of nine new tenements adjacent to its existing Crown Gold Project.
Located approximately 45km south-east of the historic mining hub of Kalgoorlie, the expansion adds 20 km² of prospective ground to the company’s portfolio.
The strategic "bolt-on" acquisition was secured from Orange Minerals for a consideration of $200,000 in AUV ordinary shares.
The new acreage is geologically significant, sharing similar structures with Black Cat Syndicate's nearby Majestic gold mining centre, which forms part of the substantial 1.29Moz Kal East gold project.
Preliminary data is highly encouraging; historical shallow aircore and rotary air blast drilling on the newly acquired land previously identified gold anomalism with grades reaching 1.78g/t within just 35m of the surface.
Furthermore, Auravelle’s own 2025 drilling programme identified a north-south gold anomaly stretching over at least 2km.
Managing Director Andrew Muir described the move as a "logical and cost-effective" expansion of the company's strategic footprint.
At the time of reporting, Auravelle Metals' share price was $0.15.