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Aurum Resources Limited ( (AU:AUE) ) just unveiled an update.
Aurum Resources has reported new high-grade gold intercepts from its 100,000m diamond drilling campaign at the 2.41Moz Boundiali Gold Project in Côte d’Ivoire, confirming a 150m depth extension of mineralisation at the BDT3 deposit and a 700m strike extension to the north of the BDT1 deposit. The latest results, which include standout intersections such as 12m at 7.52 g/t gold from 394m at BDT3, provide the final data needed for an imminent mineral resource estimate update for the BDT2 and BDT3 deposits, while reconnaissance drilling at BDT1 demonstrates that the system remains open and offers clear scope for further resource growth in a planned 130,000m drilling program in 2026. With approximately $40.1 million in cash at the end of 2025 and 12 company-owned rigs operating, Aurum is positioned to deliver updated mineral resource estimates for Boundiali and Napié alongside a Boundiali pre-feasibility study this quarter, supporting its strategy to rapidly advance the project toward a definitive feasibility study in late 2026 and potentially strengthen its position as a significant West African gold developer.
The most recent analyst rating on (AU:AUE) stock is a Hold with a A$0.64 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 ASX-listed gold exploration and development company focused on advancing its flagship Boundiali Gold Project in Côte d’Ivoire, where it holds an 80% interest in the BD tenement within a 13km by 3km underexplored mineralised corridor. The company is progressing large-scale drilling, resource definition and economic studies, supported by a strong cash position to fund an aggressive exploration and development program across Boundiali and the nearby Napié project.
Average Trading Volume: 1,835,222
Technical Sentiment Signal: Buy
Current Market Cap: A$218.6M
Learn more about AUE stock on TipRanks’ Stock Analysis page.