Aurum Secures Licence Renewal for Advanced High-Grade Nyangboue Gold

Aurum Resources Limited (ASX:AUE) (Aurum or the Company) is pleased to announce the renewal of its Boundiali South (BST) exploration licence¹ (earning 100% interest), which hosts the advanced high-grade Nyangboue gold deposit. The BST tenement is one of four tenements making up Aurum’s Boundiali Gold Project in Côte d’Ivoire, West Africa.

Highlights

• Boundiali South (BST) exploration licence renewed; Ministerial approval for exploration drilling at the high-grade Nyangboue deposit (partially located in a classified forest area) expected in coming weeks
• Boundiali South has returned previous impressive exploration results² including:
  • 20m @ 10.45g/t gold from 38m (BRC0004S BIS)
  • 30m @ 8.30g/t gold from 39m (NDC007)
  • 28m @ 4.04g/t gold from 3m and 6m @ 3.29g/t gold from 47m (BRC003)
  • 9m @ 7.90g/t gold from 99m (BRC006)
• Two new diamond drill rigs arriving on site this week, increasing Aurum’s fleet to six; drilling rate to reach ~10,000m per month with assays pending (targeting 45,000m for CY2024)
• New centralised exploration camp progressing on schedule, expected to be operational by end-October 2024, improving efficiency and reducing costs
• Initial Mineral Resource Estimate for Boundiali on track for late CY2024
• Aurum is well-funded (~$20M) for continued aggressive exploration.

Aurum’s Managing Director Dr. Caigen Wang said: “We are pleased to announce that the renewal of the advanced BST exploration licence has been approved by Côte d’Ivoire’s Ministre des Mines, Petrole et Energie.

This advanced tenement hosts the high-grade Nyangboue deposit (20m @ 10.45g/t Au from 38m: BRC0004S BIS) and we are just waiting on sign-off from the Minister for Forest and Water to begin step back diamond drilling to test for depth extensions of these high-grade shoots.

We extend our great thanks to Côte d’Ivoire government’s support in exploring and developing gold resources in this highly promising gold tenement.

With six rigs on site, we’ll be drilling ~10,000m per month. We’re well-funded to continue our aggressive exploration program, with ~$20 million cash at bank, to accelerate drilling and build on the encouraging results to date and targeting inaugural JORC resources by late 2024.”