Highlights
- Aurum Resources completed a maiden ore reserve and preliminary feasibility study for its Boundiali Gold Project in June 2026 successfully.
- Perseus Mining invested AUD 28.8 million in Aurum Resources, acquiring a strategic 9.9% stake to support continued project development activities.
- Aurum reported AUD 61.5 million in cash and term deposits at the September 2025 quarter, supporting exploration and development activities.
- The company announced a record gold drilling intercept in October 2026 as exploration continued across its Boundiali project in Africa.
Aurum Resources Limited (ASX:AUE) is a gold exploration and development company advancing the Boundiali Gold Project located in Côte d'Ivoire, West Africa. The company achieved a series of significant milestones in 2026 that substantially de-risked the project and attracted a cornerstone Investment from one of Africa's leading gold producers.
Maiden Ore Reserve and Preliminary Feasibility Study
In June 2026, Aurum Resources announced the completion of a Preliminary Feasibility Study and the declaration of a maiden ore reserve at the Boundiali Gold Project. The PFS outlined the technical and economic parameters for a potential standalone gold mining operation, covering open-pit mining, processing infrastructure, and associated project economics. The maiden ore reserve represents a critical milestone in the project's advancement from exploration towards development-ready status.
Perseus Mining Strategic Investment
A landmark event in Aurum's corporate development was the strategic Placement to Perseus Mining Limited, one of Africa's established mid-tier gold producers. Perseus subscribed for shares in Aurum Resources at a total investment of $28.8 million, acquiring a 9.9% interest in the company. This investment reflects significant confidence from an experienced African gold operator in the quality and potential of the Boundiali project. The placement provided Aurum with additional financial resources to fund ongoing feasibility and development work.
Exploration Momentum and Outlook
Beyond the PFS milestone, Aurum Resources continued active exploration drilling at Boundiali throughout 2026. In October 2026, the company announced a record best gold intercept from the program, further affirming the project's high-grade mineralisation potential. The company's chairman retired in October 2026, with new Leadership continuing to progress the project. As of the September 2025 quarterly report, the company held cash and term deposits of $61.5 million. Aurum Resources is well-positioned to advance Boundiali towards a final investment decision, subject to completion of further feasibility and financing activities.
Stock Price Information
Shares in Aurum Resources Limited (ASX:AUE) have been actively traded as the company delivers successive milestones at Boundiali. As of 6 November 2026, AUE shares were trading on the ASX. Investors should refer to ASX announcements at www.asx.com.au for current pricing and the latest company disclosures.





_11_12_2026_12_29_36_693411.jpg)
Please wait processing your request...