AUE's ongoing diamond drilling program and strategic partnerships

Aurum Resources Limited (Aurum) (ASX: $AUE) has released its Quarterly Report for the period ending 30 June 2024, detailing the progress of its 45,000m diamond drilling program at the Boundiali Gold Project in Côte d'Ivoire. The company reported significant high-grade gold intercepts from BD Targets 1 and 2, expanded its diamond drilling fleet, and secured funding through a Share Placement and a strategic partnership agreement. Aurum is targeting an initial Mineral Resource Estimate for Boundiali in late CY2024 and is well-funded with a recent A$17 million capital raise.

Executive Commentary

Aurum's ongoing diamond drilling program at the Boundiali Gold Project has delivered promising results, with multiple high-grade gold intercepts reported from BD Targets 1 and 2. The expansion of our diamond drilling fleet to six rigs and the strategic partnership agreement to earn up to a 70% interest in exploration tenement PR283, now renamed Boundiali North, demonstrate our commitment to accelerating exploration and development activities. The successful completion of the first tranche of the Share Placement and the additional funding through the Share Purchase Plan provide us with the financial resources to continue our aggressive exploration program and achieve our target of defining an initial JORC Resource by the end of the year. We are confident in the potential of the Boundiali Gold Project and remain focused on unlocking its value through systematic exploration and resource estimation efforts.

Summary

Aurum Resources Limited (AUE) has made significant progress in its ongoing diamond drilling program at the Boundiali Gold Project, reporting multiple high-grade gold intercepts from BD Targets 1 and 2. The company's expansion of its diamond drilling fleet to six rigs and the strategic partnership agreement to earn up to a 70% interest in exploration tenement PR283 demonstrate its commitment to accelerating exploration and development activities. With a recent A$17 million capital raise and additional funding through a Share Purchase Plan, Aurum is well-positioned to continue its aggressive exploration program and aims to define an initial JORC Resource by the end of the year. The preliminary metallurgical test work results have shown exceptional gold recoveries, further supporting the potential for a successful gold mining operation at Boundiali. The company's ambitions to establish an initial Mineral Resource Estimate for Boundiali in late CY2024 and its focus on systematic exploration and resource estimation efforts highlight its commitment to unlocking the value of the Boundiali Gold Project.