Latin Metals grants Aumin option to acquire Organullo gold project for US$4 million
Bitget2026/09/21 16:06- Latin Metals granted Aumin an option to acquire 100% of the Organullo Gold Project in Salta Province, Argentina.
- Transaction terms include US$ 4 million in cash payments to Latin Metals over six years.
- Aumin committed to 40,000 meters of drilling over six years, with 3,000 meters due by year one.
- On exercise, Latin Metals can choose 19.9% of a listed vehicle or a 2% net smelter returns royalty.
- Aumin can accelerate after 15,000 meters by paying remaining cash plus US$ 16 million; Latin Metals would retain a 2% NSR royalty.
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