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An announcement from Aurum Resources Limited ( (AU:AUE) ) is now available.
Aurum Resources reported multiple thick gold intercepts from 28 new diamond drill holes at the BDT2 deposit within its 3.03-million-ounce Boundiali Gold Project in Côte d’Ivoire, part of an ongoing 100,000-metre drilling campaign. The latest assays confirm mineralisation both within and beyond current resource boundaries, with several holes intersecting strong grades at depth, indicating the gold system remains open.
The company says most holes were aimed at upgrading Inferred Resources to Indicated status while also testing extensions along strike and at depth, supporting further resource expansion. Backed by a solid cash position of $61 million and plans for 130,000 metres of drilling across Boundiali and Napié in 2026, Aurum is advancing a pre-feasibility study for Boundiali due in May and a definitive feasibility study targeted for later in the year, underscoring its push toward development.
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 Australian-listed gold exploration and development company focused on West Africa, with flagship projects at the Boundiali Gold Project in Côte d’Ivoire and the Napié Gold Project. The group controls a combined 4.2 million ounces of gold resources and is targeting rapid resource growth through intensive diamond drilling programs at these assets.
Average Trading Volume: 1,975,731
Technical Sentiment Signal: Buy
Current Market Cap: A$246M
For detailed information about AUE stock, go to TipRanks’ Stock Analysis page.