Aurumin (ASX:AUN) has entered into an agreement to acquire private company Kurnod Pty Ltd, which holds two exploration tenement applications adjacent to Aurumin’s 881koz Au Sandstone Project in WA.

The exploration company said the applications are located within the Youanmi Terrane Greenstone that already hosts some of Aurumin's most significant projects.

It also said minimal exploration has been done so far - with just six drill holes completed to date on one, and the other one having undergone only basic initial exploration such as surface sampling and wide-spaced reconnaissance drilling.

The acquisition includes a $32,087 cash payment, the issue of 1 million Aurumin shares at a nominal price of $0.03 per share, and a 1% net smelter return royalty.