Business · Companies · 2 hrs ago
Auravelle focuses on South Australian gold after selling WA project
Auravelle Metals has narrowed its focus to South Australia after divesting one of its projects.
The company is now pursuing high-grade gold in the Gawler Craton, a region in South Australia.
It sold its Skeleton Rocks project in Western Australia to Forrestania Resources.
The divestment means Auravelle has moved away from that Western Australian project.
The company’s stated focus is now on finding gold in the Gawler Craton.
The next step is continued exploration, though no specific plans or timetable are given.
Auravelle Metals has shifted its focus to pursuing high-grade gold in South Australia’s Gawler Craton.
The company divested its Skeleton Rocks project in Western Australia to Forrestania Resources.
The report did not state the terms or date of the divestment.
- Who
- Auravelle Metals and Forrestania Resources.
- What
- Auravelle divested its Skeleton Rocks project and focused on pursuing high-grade gold in South Australia.
- When
- The article was published on November 3, 2026; the divestment date was not stated.
- Where
- The Gawler Craton in South Australia and the Skeleton Rocks project in Western Australia.
- Why
- Auravelle said it had honed its focus on pursuing high-grade gold in South Australia; its reason for the divestment was not stated.
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- Company
- Auravelle Metals (ASX:AUV)
- Project sold
- Skeleton Rocks, Western Australia
- Buyer
- Forrestania Resources
- New focus
- High-grade gold in South Australia’s Gawler Craton