Aurum Resources

Investor Insights

Aurum Resources offers exposure to a rapidly growing 3.90 Moz gold system in Côte d’Ivoire, underpinned by strong drilling momentum and a fully funded growth strategy. Backed by strategic investment from Perseus Mining and a cash position of AU$60 million, Aurum is advancing aggressive exploration and key development studies, positioning it for continued resource growth and a transition toward development.

Overview

Aurum Resources (ASX:AUE) is a gold exploration and development company advancing a high-growth portfolio anchored by the Boundiali and Napié projects in Côte d’Ivoire. The company is executing a focused strategy centred on rapid resource expansion, disciplined capital deployment, and accelerated progression toward development.

Through sustained drilling success and a differentiated owner-operator model, Aurum has rapidly built a significant gold inventory of approximately 3.90 Moz. The company is now entering a pivotal phase, with ongoing resource updates, a fully funded exploration program, and key feasibility milestones expected to define the next stage of growth.

Côte d’Ivoire is an established and highly prospective mining jurisdiction, supported by expanding infrastructure, active investment and a favourable regulatory framework. Aurum’s projects are located within productive greenstone belts that host multiple producing and development-stage gold operations, reinforcing their strategic positioning.

Aurum is led by a proven team with a demonstrated ability to build gold mines in West Africa. Managing Director Dr. Caigen Wang previously founded and led Tietto Minerals from early-stage exploration through to production at the Abujar Gold Mine, while key members of the team have extensive experience across exploration, feasibility, financing, and project development. This depth of expertise positions the company to efficiently advance its assets from resource growth toward development and potential production.

Company Highlights

• 3.90 Moz Resource Base: Combined JORC Mineral Resource of approximately 3.90 Moz, including ~3.03 Moz at Boundiali and 0.87 Moz at Napié, with continued drilling expected to drive further growth.
• Rapid Resource Growth: Boundiali has grown from a greenfield discovery to a +3 Moz gold system in approximately 26 months, with significant conversion to higher-confidence Indicated Resources.
• Strong Metallurgy: Test work demonstrates consistently strong recoveries exceeding 94 percent, supporting favourable processing characteristics.
• Fully Funded Growth Strategy: Recently completed AU$28.8 million strategic placement anchored by Perseus Mining, bringing total cash to AU$60 million and enabling full execution of 2026 programs.
• Large-Scale Drilling Programs: 130,000 m of drilling underway (100,000 m at Boundiali and 30,000 m at Napié) targeting resource expansion and upgrades.
• Structural Cost Advantage: Owner-operated drilling fleet delivers costs of US$45 per metre versus industry rates exceeding US$200 per metre, enabling rapid, capital-efficient growth.
• Strategic Location: Projects situated within prolific Birimian greenstone belts alongside operating mines, with potential infrastructure synergies supporting long-term development.
• Proven Leadership: Management team with a track record of discovery, development and mine construction in West Africa and globally.

Key Projects

Boundali Gold Project

The Boundiali Gold Project is Aurum’s flagship asset and a rapidly emerging, large-scale gold system in northern Côte d’Ivoire. The project has grown to approximately 3.03 Moz of gold, underpinned by a substantial increase in higher-confidence Indicated Resources to 1.37 Moz. This growth provides a strong foundation for ongoing development studies and highlights the scale and continuity of mineralisation across the project.

Aurum has achieved this rapid growth through an aggressive, owner-operated drilling strategy, enabling continuous expansion of known deposits while systematically testing new targets. Mineralisation remains open along strike and at depth across multiple zones, with numerous untested prospects across the broader land package supporting further upside.

The company is advancing a fully funded 100,000 m drilling program in 2026 aimed at expanding and upgrading the resource base, while progressing key technical studies. A Pre-Feasibility Study is targeted for completion in Q1 2026, followed by a Definitive Feasibility Study in late 2026, marking a clear pathway toward development.

Napié Gold Project

The Napié Gold Project is a high-upside exploration asset that complements the scale of Boundiali, with a current JORC Mineral Resource of approximately 0.87 Moz at ~1.20 g/t gold. The Tchaga and Gogbala deposits anchor the project and represent a significant growth pipeline within Aurum’s portfolio.

Napié is defined along a 30 km mineralised shear zone, of which only a small portion has been systematically drilled to date. This extensive and largely underexplored structural corridor presents a substantial opportunity for discoveries and continued resource growth, with mineralisation already demonstrating strong continuity and depth potential.

Aurum has commenced a 30,000 m diamond drilling program designed to expand the current resource and test high-priority targets along the shear zone. The company is also enhancing operational efficiency through the development of a dedicated exploration camp, supporting accelerated drilling and exploration activities.

Metallurgical test work has delivered strong recoveries exceeding 94 percent, indicating favourable processing characteristics consistent with Boundiali. With ongoing drilling and a resource update targeted in the near term, Napié is positioned to play an increasingly important role in expanding Aurum’s overall gold inventory and long-term development pipeline.

Management Team

Richard Simpson — Non-executive Chairman

Richard Simpson brings over 40 years of experience in capital markets, mergers and acquisitions, and corporate advisory. He has held senior roles with leading investment banks and has advised numerous mining, energy and infrastructure companies globally. His deep expertise in capital markets and strategic transactions supports Aurum’s growth and development strategy.

Dr. Caigen Wang — Managing Director

Dr. Caigen Wang is a proven mine builder and founder of Tietto Minerals, where he led the company from early-stage exploration through ASX listing to gold production at the Abujar Gold Mine in Côte d’Ivoire. He has more than 25 years of experience across mining engineering, exploration and operations globally. His track record of rapidly advancing projects underpins Aurum’s accelerated growth strategy.

Mark Strizek — Executive Director

Mark Strizek is a geologist with nearly 30 years of experience across gold and base metals. As former Executive Director of Tietto Minerals, he played a key role in advancing the Abujar Gold Project from IPO to production. He brings strong technical and project development expertise, driving exploration success and resource growth at Aurum.

Steve Zaninovich — Non-executive Director

Steve Zaninovich is a mining engineer with over 25 years of experience in project development, operations and business development. He has held senior roles with Teranga Gold, Gryphon Minerals and Lycopodium, overseeing major gold projects in West Africa. His operational expertise strengthens Aurum’s transition from exploration to development.

Troy Flannery — Non-executive Director

Troy Flannery has more than 25 years of experience in mining engineering, project development and corporate finance. He has held senior operational and corporate roles across the resources sector, combining technical and financial expertise. His experience supports project evaluation, development planning and strategic growth.