Aurum Resources (AUE) 2025 Precious Metals Summit - Zurich summary

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.