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Aurum Resources Limited ( (AU:AUE) ) has issued an announcement.
Aurum Resources reported a strong December quarter marked by substantial drilling progress and resource upgrades at its flagship Boundiali Gold Project (2.41Moz) and Napié Gold Project (0.87Moz) in Côte d’Ivoire. At Boundiali, infill drilling at the BMT3 deposit converted a significant portion of inferred resources to indicated, lifting indicated resources to 26Mt at 1.1 g/t Au for 920,000 ounces and defining a higher-grade 1.32Moz component at 1.7 g/t Au, while multiple high-grade drill intercepts underscore the continuity and growth potential of the system. The company also advanced project development with two new mining exploitation licence applications, continued around-the-clock drilling using up to 12 in-house rigs, and confirmed that updated mineral resource estimates for both Boundiali and Napié, along with a pre-feasibility study for Boundiali, remain on track for delivery in Q1 2026. On the corporate front, Aurum strengthened its balance sheet via a ~A$23 million share sale in Montage, ending the quarter with $40.2 million in cash, leaving it well-funded to execute an aggressive 2026 drilling program of 100,000m at Boundiali and 30,000m at Napié and to advance its transition from explorer to potential gold developer in West Africa.
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
Aurum Resources Limited is an ASX-listed gold exploration and development company focused on West Africa, with its primary assets being the Boundiali and Napié gold projects in Côte d’Ivoire. The company is advancing a combined resource base currently totaling 3.28 million ounces of gold and operates its own fleet of diamond drill rigs to accelerate resource growth and project studies.
Average Trading Volume: 1,670,568
Technical Sentiment Signal: Buy
Current Market Cap: A$249.8M
See more data about AUE stock on TipRanks’ Stock Analysis page.