Aurum Resources' exploration advancements

Aurum Resources (ASX:AUE) has issued its quarterly report for the period ending 30 September 2024. The company is making significant progress at its Boundiali Gold Project in Côte d'Ivoire, with substantial gold intersections reported from its ongoing 45,000-meter diamond drilling program. Aurum is also enhancing its corporate strategies, securing additional project interests, and raising funds for future exploration.

Aurum Resources' strategic outlook

Aurum Resources is actively advancing its Boundiali Gold Project with extensive diamond drilling, reporting significant gold intersections. The company is targeting a maiden JORC resource by the end of 2024, with gold recoveries from metallurgical tests reaching up to 99%. Corporate strategies include securing a 51% interest in the BM Joint Venture project, raising $20 million through placements and a Share Purchase Plan, and divesting non-core assets to focus on Boundiali. Aurum is financially robust with $19.35 million in cash, supporting continued exploration. The company is pursuing a merger with Mako Gold Limited to strengthen its position in West Africa's gold exploration sector, with ambitions to expand its resource base and advance exploration activities in Côte d'Ivoire.

Executive insights on Aurum's progress

The past quarter has been pivotal for Aurum Resources as we push forward with our exploration agenda at the Boundiali project. The significant gold intersections and high recovery rates highlight the potential of our tenements. Our corporate actions, including the successful capital raising and strategic merger plans, position us well for future growth.