Aurum Resources (AUE) Q4 2026 TU earnings summary

Executive summary

• Pre-Feasibility Study (PFS) and Maiden Ore Reserve delivered for Boundiali, confirming a robust, large-scale open-pit gold project with a 6Mtpa capacity and 11-year mine life.

• Boundiali's updated Mineral Resource Estimate (MRE) is 3.22Moz gold, with Indicated Resources up 24% to 1.70Moz; Group Resource now totals 4.38Moz including Napié.

• Napié Gold Project holds 1.16Moz at 1.2g/t Au, with only 13% of the 30km shear zone drilled, indicating strong growth potential.

• Environmental approvals received for Boundiali, de-risking project development and enabling mining licence applications.

• Key management appointments made to drive the Definitive Feasibility Study (DFS) and project execution.

Financial highlights

• Boundiali PFS at consensus gold price (US$4,076/oz) shows LOM post-tax free cashflow of US$2B and EBITDA of US$3.1B.

• Post-tax NPV5% is US$1.5B, post-tax IRR is 119%, and payback period is less than 1 year from first production.

• Average LOM AISC is US$1,951/oz; pre-production capital is US$342M including US$34.2M contingency.

• Cash balance at 30 June 2026 is A$54.6M.

• No debt facilities drawn; estimated 6.4 quarters of funding available at current burn rate.

Outlook and guidance

• DFS underway for Boundiali, targeting FID in late Q4 CY2026 and first gold in H1 CY2028.

• Ongoing 100,000m drilling program at Boundiali aims to convert Inferred to Indicated resources and support DFS mine plan.

• Permitting and long-lead procurement progressing in parallel to maintain project schedule.