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Aurum Resources Limited ( (AU:AUE) ) has shared an announcement.
Aurum Resources Limited has announced significant high-grade gold intercepts at its Boundiali Gold Project in Côte d’Ivoire, with notable results from recent drilling efforts. The company plans to complete 100,000 meters of diamond drilling in 2025, aiming to enhance its 1.59Moz mineral resource estimate. Additionally, a 30,000-meter drilling program is underway at the Napié Gold Project to expand its 0.87Moz resource. These efforts position Aurum for substantial resource growth and value creation, supported by its well-funded status with $46.9 million in cash.
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 operates in the gold mining industry, focusing on exploration and development of gold projects. Its primary projects include the Boundiali Gold Project in Côte d’Ivoire and the Napié Gold Project, both aimed at expanding their mineral resource estimates.
Average Trading Volume: 629,087
Technical Sentiment Signal: Buy
Current Market Cap: A$166.4M
For a thorough assessment of AUE stock, go to TipRanks’ Stock Analysis page.