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Aurum Resources Limited ( (AU:AUE) ) has provided an announcement.
Aurum Resources Limited has announced a maiden Mineral Resource Estimate (MRE) of 1.6 million ounces for its Boundiali Gold Project in Côte d’Ivoire, highlighting significant gold mineralization potential with ongoing drilling and newly identified prospects. Additionally, Aurum has agreed to a merger with Mako Gold Limited, offering a substantial share price premium to Mako shareholders, and has conducted a $10 million share placement to support the acquisition and fund further exploration and feasibility studies.
More about Aurum Resources Limited
Aurum Resources Limited is a company involved in the gold mining industry, focusing primarily on the exploration and development of gold projects. The company’s key market focus is on its Boundiali Gold Project in Côte d’Ivoire, West Africa, where it is actively engaged in drilling and resource estimation.
YTD Price Performance: -21.21%
Average Trading Volume: 1,016,307
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$59.07M
See more data about AUE stock on TipRanks’ Stock Analysis page.
