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An announcement from Aurum Resources Limited ( (AU:AUE) ) is now available.
Aurum Resources Limited has reported significant high-grade gold intercepts at its Boundiali Gold Project in Côte d’Ivoire, with a notable find of 73.10 g/t gold from 76m. The company plans to conduct 100,000m of diamond drilling in 2025 to enhance its current 1.59Moz Mineral Resource Estimate (MRE) at Boundiali. Additionally, Aurum is preparing a Pre-Feasibility Study to be completed by the end of the year and is planning a 30,000m drill program at the Napié deposit to expand its 0.87Moz MRE. These efforts, supported by a recent $35.6 million private placement, position Aurum for significant resource growth and value creation.
The most recent analyst rating on (AU:AUE) stock is a Buy with a A$0.63 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 a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in projects primarily in Côte d’Ivoire, aiming to expand its gold resources through extensive drilling programs.
Average Trading Volume: 1,110,054
Technical Sentiment Signal: Buy
Current Market Cap: A$110.3M
Learn more about AUE stock on TipRanks’ Stock Analysis page.