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Aurum Resource Limited (ASX:AUE)

ALERT: Price-sensitive ASX Announcement for AUE
Current share price for AUE : $0.480 -0.12 (-20%)+
Announcement
Release
11 Dec 2025 9:49AM
Price at Release
$0.600
Full Release
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Summary
Aurum Resources Limited has released new assay results from its ongoing diamond drilling program at the Tchaga deposit within the Napié Gold Project in Côte d'Ivoire. The results show promising gold mineralization extending over 2,300 meters and remaining open beyond 400 meters depth. This phase of drilling has yielded significant gold intercepts, such as 5.00 meters at 10.09 g/t Au, which are expected to contribute to the company's planned resource updates. Aurum, maintaining a strong cash reserve of $43 million, continues its exploration with an expanded drilling fleet and aims for major resource updates in early 2026, focusing on increasing its current 3.28 million ounce resource base and enhancing shareholder value.
Key Points
  • Aurum Resources Limited reports new assay results from diamond drilling at the Tchaga deposit in the Napié Gold Project.
  • Gold mineralization confirmed over 2,300m and remains open, tested to over 400m vertical depth.
  • Significant intercepts include 5.00m @ 10.09 g/t Au and 50.00m @ 0.62 g/t Au at Tchaga.
  • Aurum has expanded its drilling fleet with 2 rigs at Napié and 12 at Boundiali.
  • Major Mineral Resource Estimate updates for Napié and Boundiali are scheduled for Q1 CY2026.
  • Aurum has a strong cash position of $43M to support exploration and development programs.
  • The ongoing drilling program at Napié aims to increase the 0.87Moz resource.
  • Aurum's strategy includes aggressive, cost-effective exploration with a focus on shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.