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Aurum Resource Limited (ASX:AUE)

ALERT: Price-sensitive ASX Announcement for AUE
Current share price for AUE : $0.560 -0.015 (-2.61%)+
Announcement
Release
11 Jun 2026 8:24AM
Price at Release
$0.575
Full Release
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Summary
Aurum Resources Limited has delivered the Pre-Feasibility Study (PFS) and Maiden Ore Reserve for the Boundiali Gold Project in northern Côte d'Ivoire. The PFS confirms the project as a technically robust, large-scale open-pit gold development with strong economic potential. The project is set to produce 1.5 million ounces of gold over 11 years with a post-tax NPV of approximately USD 1.5 billion and an IRR of 119%. The Maiden Probable Ore Reserve is estimated at 42.1 million tonnes at 0.9 g/t Au for 1.21 million ounces of gold, with a conversion rate of about 77% from Indicated Mineral Resources. The project anticipates first gold production by 2028, following a Definitive Feasibility Study (DFS) targeted for completion in late 2026. Key financials include a life-of-mine (LOM) post-tax free cash flow of USD 2 billion and a payback period of less than a year from first production.
Key Points
  • Aurum Resources Limited confirms Boundiali as a large-scale, economically compelling project.
  • Pre-Feasibility Study (PFS) demonstrates strong financial metrics at US$4,076/oz gold price.
  • Maiden Probable Ore Reserve: 42.1 Mt at 0.9 g/t Au for 1.21Moz gold.
  • Project life potential to produce 1.5Moz over 11 years with 86.7% recovery.
  • Post-tax NPV(5%) of USD 1.5 billion and IRR of 119%.
  • Approximately 77% conversion of Indicated Mineral Resources to Ore Reserve.
  • First gold production targeted for 2028, following DFS in late 2026.
  • Environmental approvals obtained for three tenements.
  • Development strategy includes owner-builder construction model.
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.