ASX-listed Aurum Resources has announced a +50% increase (additional 820koz) in the JORC Mineral Resource Estimate (MRE) for its Boundiali Gold Project in Côte d'Ivoire, West Africa to 2.41 moz of gold. This brings the company's total group resources to 3.28 moz including the Napié Project. This achievement underscores the project's potential and represents a milestone for Aurum Resources.
The updated 2025 Boundiali MRE comprises the BST1, BDT1, BDT2, BDT3, BMT1 & BMT3 deposits. Drilling is ongoing on these deposits, and Aurum has identified other prospects at Boundiali which have yet to be drilled.
Highlights
- Total Mineral Resources of 2.41M ounces at 1.0 g/t Au using cut-off grades (COG) of 0.4 g/t Au above 300m depth and 1 g/t Au below 300m depth including:
- Indicated Resources totalling 18.5Mt at 1.0 g/t Au for 600,000 ounces
- Inferred Resources totalling 54.2Mt at 1.0 g/t Au for 1,810,000 ounces
- Higher grade Inferred component within the Resource consists of:
- 400,000 ounces at 2.0 g/t Au within BMT3 (at 1.0 g/t COG)
- 220,000 ounces at 1.7 g/t Au within BMT1 (at 1.0 g/t COG)
- 100,000 ounces at 1.9 g/t Au within BDT3 (at 0.7 g/t COG)
- Ongoing Exploration Success and Future Potential: Gold mineralisation remains open along strike and at depth across all deposits and prospects at the Boundiali Gold Project. The company's 100,000m drilling program for CY2025 is ongoing, with more assays pending. A second MRE update is planned for late in CY2025.
- Strategic Project Development: Aurum has commenced a Pre-Feasibility Study (PFS) for the Boundiali Gold Project, which is expected to be completed by the end of CY2025. This study will provide an evaluation of the project's economics and technical feasibility.
- Strengthened Financial Position: Aurum is well-funded with $46.9M cash and value of Montage shares (unaudited) for continued exploration success.
Combined Group Resource of 3.28Moz of gold across Boundiali (2.41Moz) and Napié (0.87Moz) projects. A 30,000m drilling program is underway at the Napié Gold Project to expand the existing 0.87 Moz MRE, with an updated MRE anticipated by year-end.
Aurum’s Managing Director Dr. Caigen Wang said: “We are extremely pleased to announce this increase of more than 50% in the Boundiali JORC Mineral Resource Estimate to 2.41 million ounces of gold. This substantial growth is a direct result of our focused and aggressive drilling campaign and highlights the immense potential of the project. Our team has achieved an 820,000 ounce increase from seven months of drilling since the maiden MRE in December 2024, which represents a 52% increase. Apart from this significant growth in quantity, this updated MRE realised a 362% increase in the Indicated Resource component from 130,000 ounces in the December 2024 MRE to 600,000 ounces in this updated MRE. We are particularly encouraged by the higher-grade Inferred component within the BDT3, BMT1, and BMT3 deposits, which collectively offer the potential for around 720,000 ounces at 1.9 g/t Au and further underscore the quality of this resource. Delivering this updated MRE has enhanced our confidence in further strong growth at Boundiali, given we have many targets identified which we are yet to drill test. This milestone is a huge achievement, taking our total group resources to more than 3.28 million ounces. With our 100,000-metre drilling program for 2025 ongoing, we have a clear pathway for further resource expansion, supported by a second Boundiali MRE update planned for late in the year. Development plans for Boundiali are being advanced through the PFS which is on track for completion by the end of CY2025. This, combined with our strong financial position, demonstrates our commitment to delivering on our objectives of resource expansion and creating significant value for our shareholders.”