Aurum Resources has reported further high-grade gold intercepts at its BMT3 deposit within the Boundiali Gold Project, reinforcing resource confidence ahead of key 2026 milestones. The company is advancing aggressive drilling and development plans backed by a strong cash position.
- Multiple high-grade gold intercepts confirmed at BMT3 deposit
- Gold mineralisation remains open along strike and at depth
- 100,000m diamond drilling program underway for 2026 at Boundiali
- Pre-Feasibility Study and updated Mineral Resource Estimates due Q1 2026
- Robust cash balance of approximately $40 million to fund exploration and development
Strong High-Grade Results at BMT3
Aurum Resources Limited (ASX – AUE) has announced a fresh batch of encouraging high-grade gold results from its ongoing drilling campaign at the BMT3 deposit, part of the 2.41 million ounce Boundiali Gold Project in Côte d'Ivoire. The latest assays, derived from 20 diamond drill holes totaling over 5,000 metres, include notable intercepts such as 6.89 metres at 7.22 grams per tonne gold and 17.3 metres at 2.64 grams per tonne, confirming the presence of significant mineralisation at depth beyond 250 metres.
These results build on previous high-grade hits at BMT3, some exceeding 70 grams per tonne over short intervals, underscoring the deposit's robust grade profile. Aurum's Managing Director, Dr Caigen Wang, highlighted that the drilling has increased confidence in the resource and demonstrated the system remains open for further expansion.
Resource Growth and Development Pipeline
The gold mineralisation at BMT3 remains open both along strike and at depth, suggesting considerable potential for resource growth. Aurum is targeting two further Mineral Resource Estimate (MRE) updates during 2026, following the imminent Q1 release. These updates will be integral to the Pre-Feasibility Study (PFS) for Boundiali, scheduled for completion this quarter, which will assess the project's economic viability.
Looking ahead, Aurum plans to leverage its owned fleet of 12 diamond drill rigs to execute an aggressive 100,000-metre drilling program at Boundiali throughout 2026. This program aims to rapidly convert resources and de-risk the project economically, setting the stage for a Definitive Feasibility Study (DFS) expected in late 2026. Concurrently, a 30,000-metre drilling campaign is underway at the 0.87 million ounce Napié Gold Project to expand its resource base.
Strategic Position and Financial Strength
Situated within a prolific West African gold belt, the Boundiali project neighbours significant operations such as Resolute Mining’s Syama mine and Barrick’s Tongon mine. Aurum holds substantial interests across multiple tenements in the region, including an 80% stake in the BM tenement hosting BMT3, with pathways to increase ownership further.
Financially, Aurum is well positioned with an unaudited cash balance of approximately $40.1 million as of December 31, 2025, providing ample funding for its ambitious exploration and development agenda. The company’s integrated approach, combining ownership of drilling assets and a strong cash position, enables it to maintain a rapid and cost-effective exploration pace unmatched by many peers.
Looking Forward
With the Boundiali PFS and updated resource estimates imminent, Aurum is poised to deliver critical milestones that will clarify the project’s economic potential and development pathway. The ongoing drilling success at BMT3 and other deposits within Boundiali, alongside the advancing Napié project, underscore Aurum’s strategy to build a significant West African gold producer.
Bottom Line?
Aurum’s latest drilling success at Boundiali BMT3 sets a confident tone for 2026, but investors will watch closely as resource updates and feasibility studies unfold.
Questions in the middle?
- How will the upcoming resource updates impact Aurum’s valuation and project economics?
- What are the key risks that could affect the transition from PFS to DFS at Boundiali?
- How effectively can Aurum sustain its aggressive drilling program and capital deployment throughout 2026?