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The latest announcement is out from Aurum Resources Limited ( (AU:AUE) ).
Aurum Resources reported strong March quarter progress in Côte d’Ivoire, lifting the Boundiali Gold Project mineral resource to 3.03 million ounces at 1.0 g/t, including a 49% jump in Indicated resources to 1.37 million ounces, and confirming a 1.61 million-ounce higher-grade component at 1.7 g/t. The company has grown Boundiali from zero to 3.03 million ounces in about 26 months, with mineralisation still open and a 100,000-metre 2026 drilling program under way to support a pre-feasibility study due by May 2026.
At the Napié Gold Project, total resources rose 34% to 1.16 million ounces at 1.2 g/t, including a maiden Indicated resource of 0.35 million ounces, with only a small portion of the 30km shear zone systematically drilled to date. Combined group resources now stand at 4.2 million ounces, supported by favourable metallurgical recoveries, a planned 30,000-metre drilling campaign at Napié, a strengthened board under new Non-Executive Chairman Richard Simpson and a $28.8 million strategic placement that leaves Aurum with A$61.5 million in cash and backing from Perseus Mining.
The most recent analyst rating on (AU:AUE) stock is a Buy with a A$1.55 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 Australia-listed gold exploration and development company focused on West Africa, particularly Côte d’Ivoire. Its primary assets are the Boundiali and Napié gold projects, where it is rapidly expanding mineral resources aimed at establishing large-scale, economically robust gold operations. The company operates within the junior to mid-tier gold sector, targeting growth through intensive drilling and project studies.
Average Trading Volume: 2,222,404
Technical Sentiment Signal: Buy
Current Market Cap: A$256M
Find detailed analytics on AUE stock on TipRanks’ Stock Analysis page.