Aurum Resources Limited (AU:AUE) has released an update.
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Aurum Resources Limited has announced a successful A$17 million funding placement and plans to raise an additional A$3 million through a Share Purchase Plan (SPP), aiming for a total of A$20 million to expedite the development of their Boundiali Gold Project in Côte d’Ivoire. The company targets the establishment of an initial JORC resource by late 2024 and will use the funds for increased drilling activities, surveys, and setting up a centralized exploration camp. Directors of Aurum will also contribute at least A$1.275 million to the placement, pending shareholder approval.
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