Aurum Resources (AUE) RIU Explorers Conference 2026 summary

Strategic vision and growth plans

• Aims to become a major West African gold mining company with two operational mines within five years.

• Focuses on building a company, not just a single mine, leveraging a proven team with prior success.

• Assembled a strategic land package by consolidating fragmented assets and acquiring new projects.

• Pursues a hub-and-spoke development model with central processing and multiple feed deposits.

• Targets significant resource growth and operational scale through ongoing exploration.

Operational efficiency and resource expansion

• Owns and operates its own diamond drill rig, achieving over 200,000 meters drilled at a fraction of typical costs.

• Achieved drilling costs of $9 million versus a contract value of $45 million, enabling aggressive exploration.

• Current resource base stands at 3.3 million ounces, with substantial upside at Boundiali and Mako.

• Boundiali resource grown to 1.1 million ounces from three deposits, with more targets identified.

• BM project rapidly advanced to nearly 1 million ounces from initial soil and geochem work.

Financial position and shareholder structure

• Well-funded with approximately AUD 40 million as of December.

• Enterprise value per ounce is around AUD 75, considered modest relative to peers.

• Board and management hold 11% equity; top 50 shareholders control about 70%.

• Major institutional investors include Montage and Zhaojin.

• Recent acquisition of Napié for AUD 18 million, with significant prior investment and growth potential.