Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Aurum Resources Ltd.
Aurum has received further bonanza-grade gold intercepts from its Boundiali Gold Project in Côte d'Ivoire, where a 100,000-metre diamond drilling program is ongoing.
Recent drilling at the BM tenement delivered multiple shallow, wide and high-grade results, including 1 metre at 150.50 g/t gold within 3 metres at 50.56 g/t from 124 metres.
Mineralisation remains open along strike and at depth, supporting resource expansion.
Aurum is targeting two mineral resource estimate updates in 2025 to build on Boundiali’s current 1.59-million-ounce resource.
The company remains well-funded with $23 million in cash and is advancing a Pre-Feasibility Study (PFS) expected by year-end.
Aurum is also progressing its takeover of Mako Gold Ltd, having secured more than 90% of Mako shares. This allows Aurum to proceed with compulsory acquisition, and Mako shares will be suspended from the ASX.
Following the merger, Aurum now holds a combined 2.47 million ounces of resources.