Highlights
Further high-grade results from exploration and resources definition drilling at Boundiali Gold Project:
- Diamond drilling for resource expansion and upgrade at BDT1 deposit on Boundiali’s BD tenement returned shallow, high-grade gold hits, with the following intercepts in addition to 83m @ 4.87 g/t Au (DSDD0148 reported on 27/03/2025):
- 89m @ 2.42 g/t Au from 213 m inc. 7m @ 14.46 g/t Au & 6m @ 9.01 g/t Au (DSDD0150)
- 63m @ 0.94 g/t Au from 116 m inc. 6m @ 1.60 g/t Au & 7m @ 1.91 g/t Au (DSDD0149A)
- 66m @ 1.07 g/t Au from 33m inc. 21.73m @ 1.01 g/t Au & 29m @ 1.46 g/t Au (DSDD0190A)
- 34m @ 2.32 g/t Au from 56m inc. 9m @ 5.44 g/t Au (DSDD0157)
- 48m @ 1.27 g/t Au from 73m inc. 8m @ 3.11 g/t Au (DSDD0166)
- These results provide potential to upgrade BDT1 deposit qualitatively and quantitatively.
- Diamond drilling for exploration and resources definition at BDT3 prospect (outside current MRE) on Boundiali’s BD tenement returned shallow, high-grade gold hits, with intercepts including:
- 22.71m @ 4.78 g/t Au from 177.59 m inc. 5.41m @ 12.66 g/t Au & 10m @ 3.60 g/t Au (DSDD0162)
- This is in addition to 12m @ 22.02 g/t Au returned from DSDD136 reported on 27/02/2025
- Aurum expects to add BDT3 deposit in its upcoming MRE.
- Exploration diamond drilling designed to grow resources at the BMT3 deposit on the Boundiali BM tenement continued returning shallow, high-grade gold hits including:
- 24.35m @ 1.21 g/t Au from 40m inc. 7m @ 2.19 g/t Au, and 12m @ 6.66 g/t Au from 69m inc. 1m @ 73.10 g/t Au (MBDD190)
- 1m @ 21.20 g/t Au from 19m (MBDD176)
- These high-grade intercepts are outside the existing MRE for BMT3.
- Drilling is ongoing at BD, BM and BST tenements utilising Aurum owned and operated 8 diamond drill rigs ahead of the imminent JORC resources update which is progressing on schedule.
- Aurum’s exploration and resource growth drilling at Boundiali is on schedule to complete a target of 100,000m diamond drilling in CY2025 to deliver two MRE updates in CY2025 growing the maiden 1.59Moz Boundiali Mineral Resource Estimate.
Commencement of Boundiali Gold Project development study
- Aurum has commenced work on a Boundiali Pre-Feasibility Study, due for completion by end of CY2025.
- Aurum appointed Côte d’Ivoire-based environmental specialist company EnvTech to conduct environmental and social impact studies.
- Aurum commenced promotion on public awareness of potential Boundiali Gold Project development concept.
Initiated diamond drilling at Napié Gold Project
- 30,000m drill program commenced in June at Napié Project, aiming to grow its existing 0.87Moz MRE.
- Napié MRE update due by end of CY2025.
CORPORATE
- $35.6M private placement announced in May 2025, approved by Shareholders in July.
- Completed settlement for Boundiali South Tenement (BST) acquisition.
- Strategic Joint Venture secured to expand Boundiali Gold Project, earning up to an 80% interest in each of two contiguous permit applications.
- Cash position of $46.9M (unaudited) inclusive of cash (end of June cash and May 2025 placement proceeds) and Montage shares.