Key Highlights

  • Assays from 25 diamond holes totalling 7,121.75m at BST1 include 9.55m at 5.18 g/t Au from 75.45m and 1m at 43.93 g/t Au from 268m.
  • Hole BSDD0181 intersected 12.25m at 1.76 g/t Au from 489.9m outside the current Mineral Resource and ended in mineralisation.
  • An updated Boundiali MRE is targeted for the end of October 2026 and a Definitive Feasibility Study for late 2026, with cash of more than A$95 million (unaudited).

Aurum Resources Limited (ASX:AUE) announced on 16 October 2026 new gold intercepts from its expanded diamond drilling program at the Boundiali Gold Project in Côte d'Ivoire. The company received assay results for 25 diamond holes totalling 7,121.75 metres at the BST1 deposit, completed as a mix of infill, step-out and extensional drilling. BST1 sits on the BST tenement, in which Aurum holds a 100% interest.

Reported intercepts

Key results include 9.55 metres at 5.18 g/t gold from 75.45 metres, including 0.65 metres at 41.38 g/t (BSDD0165), 1 metre at 43.93 g/t from 268 metres (BSDD0147) and 1.26 metres at 23.10 g/t from 25 metres (BSDD0159). Hole BSDD0149 returned 13 metres at 2.08 g/t from 258 metres, 20 metres at 1.25 g/t from 145 metres and 10 metres at 2.35 g/t from 236 metres. BSDD0157 returned 5 metres at 5.26 g/t from 283 metres and BSDD0153 returned 18.45 metres at 1.32 g/t from 318.55 metres.

Intercepts are downhole lengths, reported using a 0.2 g/t gold cut-off with up to 3 metres of consecutive internal dilution and no top cut. Several of the highest grades come from short intervals of one metre or less.

Mineralisation outside the current resource

Hole BSDD0181 intersected 12.25 metres at 1.76 g/t gold from 489.9 metres, including 4.15 metres at 4.23 g/t, outside the current Mineral Resource, and ended in mineralisation at 502.15 metres. The holes were designed to test the limits of known mineralisation along strike and at depth, to drill unclassified mineralisation to a spacing sufficient for Inferred classification, and to upgrade Inferred resources to Indicated. BST1 is reported at 22 million tonnes at 0.8 g/t gold for 570,000 ounces.

Resource update and study timetable

The 25 holes form part of 120 holes totalling more than 31,000 metres completed at BST1 since the last Mineral Resource update, based on drill logs. All were drilled before the 30 September 2026 drill collar cut-off for the next Boundiali MRE, which is targeted for release at the end of October 2026. Further assays and geological data from holes completed by that date are still to be received, and the Competent Person will consider these results for inclusion. The Boundiali Definitive Feasibility Study is expected in late 2026.

Boundiali currently holds 3.22 million ounces of gold, with Indicated resources up 24% to 1.70 million ounces as reported in May 2026. Group resources total 4.38 million ounces including the 1.16 million ounce Napié Gold Project.

Drilling scale, funding and permitting

The Boundiali drilling target for calendar 2026 has been raised by 50% to 150,000 metres, and a further 30,000 metres is to start at Napié this quarter, for a total of 180,000 metres using 16 company-owned diamond rigs. Aurum reports a cash balance of more than A$95 million (unaudited) following a Placement announced on 23 September 2026.

Environmental approval was granted in May 2026, and a Pre-Feasibility Study and maiden Ore Reserve were delivered in June 2026. Mining Licences have not yet been granted. The company is targeting a final Investment decision and construction start, with first gold in the first half of calendar 2028.

Previously reported BST1 results

The release restates earlier BST1 intercepts, including 28.80 metres at 22.92 g/t gold from 204 metres (BSDD0152), 30 metres at 8.30 g/t from 39 metres (NDC007) and 38 metres at 4.20 g/t from 65 metres (BSDD0096). Holes without the BSDD prefix were drilled by Predictive Discovery Limited or Turaco Gold Limited rather than by Aurum.