Aurum Resources

Promotional Strapline: Growing our gold resources in Côte D'Ivoire
Primary Ticker: ASX:AUE
Stage of Development: Development, Exploration
Primary Minerals: Gold
Country / Region: Côte d'Ivoire
Market Cap 170M
Website: Aurum Resources

Aurum is an Australian gold explorer with a proven track record in Côte D'Ivoire. We have 3.3 million ounces of gold across two projects, including the expansive 2.4Moz Boundiali gold project. Our management team, who built and sold the Abujar mine for ~A$800 million, is aiming to replicating that success with Aurum.

We control costs and accelerate discovery with our own fleet of twelve diamond drill rigs. Plus, we're aggressively growing through acquisitions like our recent takeover of Mako Gold.

With a strong cash position, supportive shareholders, and a large prospective land package in a prolific gold region, Aurum is poised to deliver exceptional value. Invest in Aurum and be part of the next big gold discovery in West Africa.

 

Management Profile

Dr. Caigen Wang and Mark Strizek

Both are accomplished mining professionals who spearheaded the development of Tietto Minerals, culminating in its A$800 million acquisition. Dr. Wang, with a PhD in Mining Engineering, founded and led Tietto from exploration to gold production at the Abujar Gold Mine in Côte d'Ivoire. Mr. Strizek, a geologist with 30 years of experience, served as Executive Director, providing key geological and development expertise. They bring their combined leadership, technical, and operational experience to Aurum, with the aim of replicating their prior success and generating significant value for shareholders.

 

What are your key goals for the next 3, 6 and 12 months?

3 Months:

25,000 exploration drilling

6 Months:

Another 25,000m of diamond drilling First Resource Update

12 Months:

Another 50,000m of drilling rounding off 100,000m for year. Second Resource update and PFS

 

What do you think makes your company such a compelling investment?

Strategic Acquisitions and Growth Strategy: The recent acquisition of Mako Gold demonstrates Aurum's commitment to aggressive growth and value creation. By acquiring undervalued assets and leveraging their exploration expertise, Aurum can rapidly expand its resource base and enhance shareholder value.

Operational Efficiency and Innovation: Owning and operating eight diamond drill rigs gives Aurum a significant competitive advantage. This allows for greater control over exploration activities, reduced costs, and faster discovery timelines, ultimately leading to increased efficiency and potentially higher returns for investors.

Strong Financial Position and Supportive Shareholders: Aurum's strong cash balance provides the financial flexibility needed to execute its exploration and growth strategies. Combined with supportive shareholders, the company is well-positioned to capitalize on opportunities and weather market fluctuations.

In essence, Aurum offers investors a unique combination of proven leadership, significant resources, strategic growth, operational efficiency, and financial strength, making it a compelling investment opportunity in the gold exploration sector.