Aurum Resources (AUE) Q2 2026 TU earnings summary

Executive summary

• Achieved significant resource growth, with total gold resources at 3.28Moz across Boundiali (2.41Moz) and Napié (0.87Moz) projects in Côte d'Ivoire.

• Infill drilling at Boundiali BMT3 converted a large portion of inferred to indicated resources, with indicated resources up 53% in two months.

• Major resource updates and a pre-feasibility study for Boundiali are scheduled for Q1 CY2026.

• Strong cash position of $40.2M following a $23M Montage share sale, supporting ongoing exploration and development.

Financial highlights

• Exploration and evaluation expenditure for the quarter was $5.9M, mainly for Boundiali drilling.

• Cash and cash equivalents at quarter end were $40.2M, with no debt facilities drawn.

• Net cash from operating activities was $(368)K for the quarter.

• Proceeds from investment disposals (Montage shares) totaled $22.9M.

• Estimated quarters of funding available: 6.35, extendable to 6.38 with remaining Montage shares.

Outlook and guidance

• Two major Mineral Resource Estimate (MRE) updates for Boundiali and Napié expected in Q1 CY2026.

• Boundiali Pre-Feasibility Study results due in Q1 CY2026.

• Planned 100,000m diamond drilling at Boundiali and 30,000m at Napié in CY2026 to drive further resource growth.