Aurum Resources (AUE) H2 2025 earnings summary

Executive summary

• Achieved rapid growth in gold resources, reaching ~3.3Moz through exploration and acquisition of Mako Gold, including Boundiali (2.41Moz) and Napié (0.87Moz) projects in Côte d'Ivoire.

• Boundiali maiden JORC resource of 1.59Moz in Dec 2024, upgraded to 2.41Moz in July 2025, with a 362% increase in Indicated Resource category.

• All-in discovery cost of US$7.40/oz, among the lowest in the industry, supported by a self-owned drill rig fleet.

• Pre-Feasibility Study (PFS) for Boundiali underway, with completion expected in Q1 2026; ESIA in progress.

• Raised A$72.6 million, ending the year with A$40 million in cash and Montage shares, ensuring funding for future programs.

Financial highlights

• Net loss after tax for FY25 was $7,983,051, compared to $2,138,026 in FY24.

• Other income increased to $600,376 from $21,595 year-over-year.

• Cash and cash equivalents at year-end were $8,572,858, down from $10,815,351 in FY24.

• Net assets rose to $57,662,781 from $21,228,931 year-over-year, driven by capital raisings and asset acquisitions.

• No dividend declared for the year.

Outlook and guidance

• Boundiali PFS expected in Q1 2026, followed by a DFS in H2 2026.

• Updated Mineral Resource Estimate for Napié anticipated in Q1 2026.

• Continued focus on resource growth, feasibility studies, and advancing mining licence applications.