Aurum Resources (AUE) Q1 2026 TU earnings summary

Executive summary

• Mineral Resource Estimate (MRE) for Boundiali Gold Project increased by ~50% to 2.41Moz, with 820,000oz added in August 2025 and a 53% increase in Indicated Resources to 0.92Moz in October 2025.

• Group Mineral Resources (Boundiali + Napié) now total 3.28Moz, with Napié contributing 0.87Moz.

• Aggressive exploration continues with 100,000m diamond drilling at Boundiali and 30,000m at Napié, both on track for major resource updates in Q1 2026.

• Pre-Feasibility Study (PFS) for Boundiali is progressing, with completion expected in Q1 CY2026.

Financial highlights

• $35.6M strategic share placement completed, including $23.89M in cash and 2.9M Montage Gold Corp shares.

• Cash and equivalents at 30 September 2025: $23.675M, plus $21.5M in Montage shares, totaling $45.2M in available funding.

• Exploration and evaluation expenditure for the quarter: $6.3M, mainly for Boundiali drilling.

• Net cash from financing activities: $22.85M for the quarter.

Outlook and guidance

• Major MRE updates for Boundiali and Napié expected in Q1 2026.

• Boundiali PFS results anticipated in Q1 CY2026.

• Ongoing aggressive exploration and resource expansion at both projects, with strong funding to support activities.