Aurion Resources (AU.V) has received notice from Kinross Gold Corporation's(K.TO) Finnish subsidiary, KG Exploration Finland Oy that Kinross has terminated its option to acquire a 70% interest in Aurion's Launi East Property, Aurion said on Tuesday.
As a result, Aurion retains its 100% interest in Launi, it said and added that Kinross has held the option since August 21, 2023, and has incurred total exploration expenditures of more than US$2 million on the Property.
Kinross is obligated to provide Aurion with all the technical data resulting from Kinross' work within 45 days of the termination, the company added.