Aurum Resources (AUE) investor relations material

Strategic approach and operational efficiency

• In-house drill rigs significantly reduce exploration costs, achieving a discovery cost of about $8/oz and drilling costs around AUD 45/m.

• The team has a proven track record, having previously discovered and developed over 7 million ounces in Côte d'Ivoire.

• Board and management are heavily invested, with nearly 10% ownership, aligning interests with shareholders.

• Institutional and corporate investors, including Perseus and Zhaojin, hold significant stakes, providing financial stability.

• Cash reserves stood at AUD 54 million at the end of June, with quarterly spending of about AUD 7 million.

Project development and resource growth

• Current resource stands at 3.2 million ounces, achieved in just over two and a half years, with ongoing drilling and resource updates planned.

• The Boundiali project is supported by a mining license and environmental approval, with further growth expected from the Napié project.

• Exploration has been streamlined by consolidating fragmented land packages and leveraging prior shallow drilling data.

• Resource updates are scheduled, with an additional 80,000 m of drilling planned from October to December.

• The company is focused on optimizing mine plans and expanding resources to enhance project economics.

Financial outlook and project economics

• The June PFS outlines a 6 million ton per annum operation, targeting nearly 1 million ounces in the first five years.

• Early payback and attractive margins are expected, with a simple processing flow sheet and 87% gold recovery.

• The DFS is planned for completion by year-end, with earthworks starting next year and first gold targeted for H1 2028.

• The project is well-positioned for funding, with established relationships with lenders and a history of successful project financing.

• Valuation metrics show a significant gap compared to peers, with a current valuation of AUD 67/oz and potential for re-rating.