Resource Growth Potential at Risk as Aurum Pushes Aggressive Drilling Campaign

High-Grade Gold Confirmed at Boundiali

Aurum Resources Limited (ASX, AUE) has unveiled compelling results from its ongoing drilling campaign at the Boundiali Gold Project in Côte d’Ivoire. The latest assays include a standout intercept of 5 metres grading 11.07 grams per tonne (g/t) gold from a depth of 200 metres within the BDT2 deposit. This high-grade hit is part of a broader 18-metre interval averaging 3.93 g/t gold, underscoring the quality of mineralisation in this underexplored corridor.

These results reinforce Aurum’s strategy of intensive infill and extensional drilling designed to both grow and increase confidence in the project’s mineral resources. The BDT2 deposit lies within a 13km by 3km mineralised zone, where gold mineralisation remains open along strike and at depth, suggesting significant upside potential.

Expanding Drilling Capacity to Accelerate Exploration

To maintain momentum, Aurum has expanded its owned diamond drilling fleet to 12 rigs, enabling an ambitious drilling target of over 130,000 metres across its Boundiali and Napié projects in 2025. This operational scale is a distinct advantage, allowing Aurum to aggressively and cost-effectively test multiple deposits simultaneously.

Managing Director Dr. Caigen Wang highlighted the company’s ability to deliver high-grade ounces across assets, citing recent strong results at Napié, including 17 metres at 9.38 g/t gold from 236 metres depth. The combination of a robust drilling program and owned rigs positions Aurum well to unlock further resource growth.

Upcoming Milestones and Financial Strength

Aurum is targeting two major Mineral Resource Estimate (MRE) updates for its Boundiali and Napié projects in early Q1 2026, expected to significantly increase the current combined resource base of 3.28 million ounces. Concurrently, the company is progressing a Pre-Feasibility Study (PFS) for Boundiali, with results also anticipated in Q1 2026, which will provide critical insights into the project’s economic and technical viability.

Financially, Aurum is well-positioned with a strong cash balance of approximately $45 million, inclusive of Montage shares, ensuring full funding for its exploration and development programs. This solid capital foundation supports the company’s aggressive growth plans and underpins confidence in delivering shareholder value.

Strategic Position in a Proven Gold Belt

The Boundiali Gold Project is strategically located within a prolific West African greenstone belt, near established gold mines such as Resolute’s Syama and Barrick’s Tongon. Aurum’s tenure includes multiple tenements with varying ownership structures, including joint ventures and 100% owned licenses, providing a diversified portfolio for exploration and development.

The geological setting features mesothermal gold mineralisation hosted in sandstone units within shear zones, with gold associated with quartz veins and sulphides. Aurum’s drilling and sampling protocols adhere to industry best practices, ensuring reliable data to support resource estimation.

Looking Ahead

With mineralisation open and drilling ongoing, Aurum plans to continue its large-scale exploration program, including scout drilling on new targets identified through soil anomalies and geological mapping. The company’s integrated approach, combining operational scale, geological expertise, and financial strength, sets the stage for potentially transformative resource growth in Côte d’Ivoire’s emerging gold landscape.