InvestSMART

Aurum Resource Limited (ASX:AUE)

ALERT: Price-sensitive ASX Announcement for AUE
Current share price for AUE : $0.505 0.005 (1%)+
Announcement
Release
17 Aug 2026 8:14AM
Price at Release
$0.500
Full Release
download
Summary
Aurum Resources Limited has announced its latest gold intercepts from an ongoing 100,000m diamond drilling program at the 3.22Moz Boundiali Gold Project in Côte d'Ivoire. Drilling at the BST1 deposit and BST2 prospect revealed significant high-grade mineralization with highlights including 3m @ 80.09 g/t Au from 66m and 38m @ 4.20 g/t Au from 65m. The results indicate resource growth potential at both BST1 and BST2, with the latter currently outside the Mineral Resource Estimate (MRE). Aurum plans to incorporate these findings into the next MRE update by the end of Q3 CY2026, with the project advancing toward a Definitive Feasibility Study expected late CY2026. Aurum's strong cash position and 16 diamond drill rigs are facilitating this resource expansion and development.
Key Points
  • Aurum extends gold at Boundiali's BST1 deposit and BST2 prospect.
  • Drilling program totals 100,000m at the Boundiali Project.
  • High-grade gold intercepts include 3m @ 80.09 g/t Au from 66m at BST1.
  • BST2 prospect shows potential outside the current MRE.
  • Resource update expected by end Q3 CY2026.
  • Aurum holds 4.4Moz gold across its projects.
  • Aurum has A$54.7M in cash as of 30 June 2026.
  • 16 Aurum-owned diamond drill rigs are operational.
  • Environmental approval and PFS completed, progressing toward Mining Licences.
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.