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An announcement from Aurum Resources Limited ( (AU:AUE) ) is now available.
Aurum Resources Limited has commenced a 30,000-meter diamond drilling program at its Napié Gold Project in Côte d’Ivoire, aiming to expand its current 0.87Moz gold resource and explore new targets. This initiative is part of a broader strategy to enhance its gold resource base, with ongoing drilling at the Boundiali project targeting a 1.59Moz resource. The company is well-funded following a $35.6 million private placement, positioning it for substantial growth and value creation in 2025.
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 production. The company is primarily engaged in the development of gold projects, with a significant market focus on its Napié Gold Project in Côte d’Ivoire and the Boundiali Gold Project.
Average Trading Volume: 891,357
Technical Sentiment Signal: Buy
Current Market Cap: A$108.3M
Learn more about AUE stock on TipRanks’ Stock Analysis page.