Aurum Resources Expands Boundiali Gold Project Through Strategic Joint Venture

Aurum Resources Limited ( (AU:AUE) ) has issued an update.

Aurum Resources Limited has entered into a strategic joint venture through its subsidiary Plusor Global Pty Ltd to expand its Boundiali Gold Project in Côte d’Ivoire. The agreement allows Aurum to earn up to an 80% interest in two contiguous permit applications, potentially increasing its landholding by 316km². This move is expected to significantly bolster Aurum’s position in the gold belt, with a structured earn-in agreement aligning expenditure with exploration milestones. The joint venture aims to unlock substantial value for shareholders by enhancing the company’s resource base and market positioning.

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, primarily focused on gold exploration and development. The company is actively expanding its operations in the Boundiali gold belt in Côte d’Ivoire, aiming to enhance its market position and resource base.

Average Trading Volume: 1,110,254

Technical Sentiment Signal: Buy

Current Market Cap: A$111.5M

For a thorough assessment of AUE stock, go to TipRanks’ Stock Analysis page.