Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Aurum Resources Limited ( (AU:AUE) ) has issued an announcement.
Aurum Resources has reported multiple thick gold intersections from 40 new diamond drill holes at the BDT2 deposit within its 3.03Moz Boundiali Gold Project in Côte d’Ivoire. The latest 12,093m of drilling returned several high-grade intercepts, confirmed mineralisation beyond the current resource boundaries and showed the gold system remains open at depth and along strike.
Most of the drilling was aimed at converting Inferred Resources to Indicated status, supporting Aurum’s goal of improving resource confidence ahead of a Boundiali pre-feasibility study due in May 2026 and a definitive feasibility study later in 2026. With group resources now at 4.2Moz, 14 diamond rigs operating and $61m in cash, the company is positioning itself for further resource growth and potential new discoveries at Boundiali and Napié.
The most recent analyst rating on (AU:AUE) stock is a Buy with a A$1.55 price target. To see the full list of analyst forecasts on Aurum Resources Limited stock, see the AU:AUE Stock Forecast page.
More about Aurum Resources Limited
Aurum Resources Limited is an ASX-listed gold exploration and development company focused on West Africa, with flagship projects at the Boundiali and Napié gold projects in Côte d’Ivoire. The company is building a resource base of 4.2 million ounces of gold and is advancing Boundiali through pre-feasibility and definitive feasibility studies while aggressively drilling to grow and upgrade its mineral resources.
Average Trading Volume: 2,492,099
Technical Sentiment Signal: Buy
Current Market Cap: A$254M
Learn more about AUE stock on TipRanks’ Stock Analysis page.