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The latest announcement is out from Aurum Resources Limited ( (AU:AUE) ).
Aurum Resources Limited has appointed Richard Simpson as a director effective 2 February 2026, and has outlined his initial interests in the company’s securities. Simpson, via Lexton Holdings Pty Ltd as trustee for the Simpson Trust, holds a series of performance rights tied to key milestones at Aurum’s Boundiali Gold Project and to market-based share price hurdles.
The performance rights, totaling 6 million across multiple tranches, vest upon achieving conditions such as first gold pour at Boundiali, delivery of a definitive feasibility study, securing project capex financing, substantial increases in JORC-compliant gold resources, and sustained share price targets up to A$1.50. This remuneration structure closely aligns Simpson’s incentives with Aurum’s project development, resource growth, and market valuation, underscoring the company’s focus on advancing the Boundiali Gold Project and enhancing shareholder value.
The most recent analyst rating on (AU:AUE) stock is a Hold with a A$0.75 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
Average Trading Volume: 1,378,528
Technical Sentiment Signal: Buy
Current Market Cap: A$252.7M
For an in-depth examination of AUE stock, go to TipRanks’ Overview page.