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Aurum Resource Limited (ASX:AUE)

ALERT: Price-sensitive ASX Announcement for AUE
Current share price for AUE : $0.600 0.12 (25%)+
Announcement
Release
28 Jul 2026 8:54AM
Price at Release
$0.480
Full Release
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Summary
Aurum Resources Limited (ASX: AUE), an Australian-based gold exploration and development company, released its quarterly activities and Appendix 5B cash flow report detailing progress and financials for the quarter ending 30 June 2026. Noteworthy developments included an ongoing 100,000m diamond drilling program at the Boundiali Gold Project in Côte d'Ivoire, resulting in significant gold intercepts. The company reported a cash balance of A$54.7 million. Aurum completed a Pre-Feasibility Study (PFS) for the Boundiali project, declaring a maiden Ore Reserve of 1.21 Moz of gold with a Probable Reserve of 42.1 Mt at 0.9 g/t Au. The report highlighted strong economic metrics, including an all-in sustaining cost (AISC) of US$1,951/oz and a post-tax NPV5% of US$553 million. The company is advancing its Definitive Feasibility Study (DFS) with first gold production targeted for H1 2028. Aurum holds extensive tenements in Côte d'Ivoire, contributing to its significant gold resources of 4.38 Moz from both Boundiali and Napié projects.
Key Points
  • Aurum's Boundiali project shows promising drilling results.
  • Cash balance was A$54.7 million as of 30 June 2026.
  • Aurum completed a PFS for Boundiali with a maiden Ore Reserve of 1.21 Moz of gold.
  • The all-in sustaining cost is US$1,951/oz.
  • Post-tax NPV5% is US$553 million.
  • The company targets first gold production by H1 2028.
  • Aurum has significant gold resources of 4.38 Moz from its projects.
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.