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Aurum Resources (AUE) investor relations material
Aurum Resources 2025 Precious Metals Summit - Zurich summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic direction and project development
Focused on rapid transition to gold mining in Côte d'Ivoire, leveraging a proven team with prior success at Tiétto Abujar.
Pivoted from Western Australia to Côte d'Ivoire, consolidating fragmented land and resources since late 2023.
Targeting gold mine construction by end of 2027, with a clear strategy to build and operate independently.
Raised AUD 37 million since takeover, with AUD 42 million remaining in cash to fund ongoing exploration and development.
Strategic partnerships and share swaps with Montage and Lundine, with major shareholders holding significant stakes.
Exploration, drilling, and resource growth
Owns 12 drill rigs, aiming for 20, enabling drilling at 40% of typical industry cost and rapid resource expansion.
Achieved 3.3 million ounces in resources, mainly from Bundiali, within 20 months; plans to drill 130,000 meters in 2024 and another 100,000 meters in 2025.
Six deposits identified, with multiple targets and a 75 km strike length; Boundiali and NAPI are key projects.
High-grade results at Boundiali (e.g., 83m at 4.87g/t) and rapid growth at BMT3 (600,000 ounces, half indicated).
Drilling rates reach 10,000–12,000 meters per month, with plans for deeper drilling in the coming year.
Technical, operational, and financial highlights
Metallurgical recoveries at 95% with coarse grind size; PFS expected February, DFS targeted for mid-next year.
Infrastructure in Côte d'Ivoire supports low-cost operations: cheap power ($0.12/kWh), diesel ($1.10/liter), and local refinery access.
Technical team includes experienced builders and engineers; environmental and feasibility work underway.
Cash reserves and quarterly spend (AUD 6–7 million) sufficient to deliver DFS in 2025.
Directors and insiders hold 11% of shares, aligning interests with shareholders.
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