Aurum Resources Hits High-Grade Gold Intercepts, Boosts Cash to $40M
Aurum Resources has reported significant resource growth and strong drilling results at its Boundiali and Napié gold projects in Côte d’Ivoire, supported by a robust $40 million cash position.
- Boundiali Gold Project resource upgraded to 2.41 million ounces
- High-grade drill intercepts confirm robust mineralisation
- Two new mining licence applications lodged for Boundiali tenements
- Montage Gold share sale boosts cash reserves to $40.2 million
- Pre-Feasibility Study and updated resource estimates expected Q1 2026
Resource Growth at Boundiali
Aurum Resources Limited (ASX – AUE) has delivered a strong exploration update for the December 2025 quarter, highlighting substantial progress at its flagship Boundiali Gold Project in Côte d’Ivoire. The company’s infill drilling campaign at the BMT3 deposit has successfully converted a significant portion of inferred resources into indicated resources, culminating in an upgraded total resource estimate of 2.41 million ounces of gold. This includes 920,000 ounces classified as indicated, with a higher-grade component of 1.32 million ounces at 1.7 grams per tonne gold.
Drilling results have been particularly impressive, with standout intercepts such as 0.8 metres at 350 grams per tonne and 1 metre at 274.89 grams per tonne gold, underscoring the potential for high-grade zones within the project. Aurum’s ongoing diamond drilling program, employing up to 12 rigs operating continuously, aims to further expand and refine the resource base.
Advancements at Napié and Licence Progress
Alongside Boundiali, Aurum’s Napié Gold Project continues to show promise with encouraging drill intercepts at the Tchaga deposit, including 5 metres at 10.09 grams per tonne and 10.8 metres at 4.52 grams per tonne gold. The company anticipates updated Mineral Resource Estimates for both projects in the first quarter of 2026, which could further enhance the combined 3.28 million ounce resource portfolio.
Regulatory progress has also been notable, with Aurum lodging two additional mining exploitation licence applications for the Boundiali South and Boundiali DS tenements. These applications, alongside the existing BST tenement application, cover a substantial 572.67 square kilometres, reflecting Aurum’s confidence in advancing Boundiali towards development.
Financial Position and Future Outlook
Financially, Aurum has strengthened its position through a $23 million share sale in Montage Gold, significantly boosting its cash reserves to $40.2 million. This strong balance sheet underpins the company’s aggressive exploration and development plans, including a 100,000-metre diamond drilling program at Boundiali and a 30,000-metre program at Napié scheduled for 2026.
The company is also progressing a Pre-Feasibility Study (PFS) for Boundiali, expected to be completed in the first quarter of 2026. This study will provide critical insights into the project’s economic and technical viability, setting the stage for potential development decisions.
With all resolutions passed at its recent Annual General Meeting, Aurum is well-positioned to continue its exploration momentum and advance its Côte d’Ivoire gold projects towards production.
Bottom Line?
As Aurum prepares for key resource updates and a Pre-Feasibility Study in early 2026, investors will be watching closely to see if the company can translate its exploration success into a viable mining operation.
Questions in the middle?
- Will the upcoming Pre-Feasibility Study confirm Boundiali’s economic viability for development?
- How much further resource growth can Aurum achieve with its expanded drilling programs in 2026?
- What timeline can investors expect for mining licence approvals and potential production commencement?
