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Aurum Resources Limited ( (AU:AUE) ) has provided an announcement.
Aurum Resources Limited has announced a strategic agreement to acquire a 35% stake in Major Star Plus Sarl, with the potential to increase its interest to 87% in three exploration permits in Côte d’Ivoire. This move significantly expands Aurum’s landholding at its Boundiali and Napié Gold Projects, positioning the company for further growth in the region. The partnership underscores Aurum’s commitment to consolidating its projects and leveraging its extensive exploration capabilities, which have resulted in significant gold discoveries over the past decade.
The most recent analyst rating on (AU:AUE) stock is a Buy with a A$0.93 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 operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its gold projects in Côte d’Ivoire, including the Boundiali and Napié Gold Projects, with a strategic emphasis on expanding its landholdings and enhancing its mineral resource base.
Average Trading Volume: 411,286
Technical Sentiment Signal: Buy
Current Market Cap: A$219.3M
See more insights into AUE stock on TipRanks’ Stock Analysis page.