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Aurum Resource Limited (ASX:AUE)

ALERT: Price-sensitive ASX Announcement for AUE
Current share price for AUE : $0.485 -0.085 (-14.91%)+
Announcement
Release
25 May 2026 8:19AM
Price at Release
$0.570
Full Release
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Summary
Aurum Resources Limited has received critical environmental approvals for its Boundiali Gold Project in Côte d'Ivoire. These approvals, issued by the Ministry of Environment, are essential for obtaining mining licences and represent a significant de-risking milestone for the project, which boasts a 3.22 Moz gold resource. The approvals follow a 12-month environmental and social impact assessment, including community consultations. Aurum is progressing with a Pre-Feasibility Study expected soon and aims to complete a Definitive Feasibility Study by the end of 2026. The company is well-funded with A$61 million in cash and is actively drilling with 16 diamond rigs to expand resources.
Key Points
  • Aurum Resources Limited has received three environmental approval certificates from the Côte d'Ivoire Ministry of Environment for its Boundiali Gold Project.
  • The approvals cover three mining licence applications over an area of 572.67 km².
  • Environmental approval is necessary for the mining licence grant under Ivorian law.
  • The Boundiali project has a mineral resource of 3.22 Moz gold.
  • Aurum plans to complete a Pre-Feasibility Study this quarter and a Definitive Feasibility Study by Q4 2026.
  • Aurum has 16 diamond rigs operating for resource growth and maintains a strong financial position with A$61 million cash.
  • The EIESA process took 12 months and involved community consultations and a technical review.
  • Aurum's Managing Director highlighted the support from the Ivorian Government and local communities.
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.