Aurum Resources' capital raise success

Aurum Resources (ASX:AUE) has successfully secured A$10 million through a share placement at A$0.35 each. The capital will fund the Mako Gold acquisition, exploration drilling, and feasibility studies for key projects.

Strategic growth and future outlook for Aurum

Aurum Resources has achieved a significant milestone with a successful A$10 million capital raise. This funding supports the acquisition of Mako Gold and advances key projects like the Napié Gold Project and the Boundiali Gold Project in Côte d'Ivoire. The Mako Gold takeover, now unconditional, enhances Aurum's strategic position, with a relevant interest of over 68.97%. The company aims to deliver its initial JORC Mineral Resource Estimate for the Boundiali project shortly. Aurum is poised for growth, positioning itself as a key player in West African gold exploration and development.

Executive insights on capital raise and projects

The successful capital raise underscores the strong market confidence in our strategic vision and growth path. The funds will enable us to advance our projects in Côte d'Ivoire, enhancing our position in the West African mining sector.