Aurum Resources Limited (AU:AUE) has released an update.
Aurum Resources Limited is initiating metallurgical studies for its Boundiali Gold Project in Côte d’Ivoire, moving from Scoping Study to Pre-Feasibility Study with the help of MACA Interquip Mintrex and ALS Perth. The studies are a pivotal part of the project’s development, with the company also conducting an extensive drilling program with the aim of defining an initial JORC Mineral Resource Estimate by late 2024. Promising preliminary gold recovery tests show high cyanide leach recoveries, and Aurum is well-capitalized with approximately $23 million in cash following recent shareholder funding approvals.
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