Aurum boosts Boundiali gold resource to 3Moz ahead of key PFS

An announcement from Aurum Resources Limited ( (AU:AUE) ) is now available.

Aurum Resources has lifted the Mineral Resource Estimate at its Boundiali Gold Project in Côte d’Ivoire to 3.03 million ounces of gold at 1.0 g/t, driven by a 49% increase in Indicated Resources to 1.37 million ounces following intensive infill drilling. The higher-confidence resource base strengthens the case for a large-scale, integrated open-pit development, with a pre-feasibility study due by the end of the March quarter of 2026.

Including its 0.87 million-ounce Napié Gold Project, Aurum now holds a combined group resource of 3.90 million ounces and is targeting further growth with a 100,000-metre drilling program underway at Boundiali and a Napié resource update expected this quarter. The company, which reports a cash position of $40.2 million, continues to test new prospects and extensions at Boundiali, aiming to consolidate its position as a premier West African gold player and potentially push its global resource inventory beyond 4 million ounces in the near term.

The most recent analyst rating on (AU:AUE) stock is a Hold with a A$0.70 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 Australian-listed gold exploration and development company focused on large-scale projects in West Africa, particularly the Boundiali and Napié gold projects in Côte d’Ivoire. The company deploys an in-house fleet of diamond drill rigs and targets rapid resource growth to underpin future large, integrated open-pit mining operations.

Average Trading Volume: 2,158,431

Technical Sentiment Signal: Buy

Current Market Cap: A$248.7M

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