• Maiden Probable Ore Reserve of 42.1 Mt at 0.9 g/t Au for 1.21Moz of gold
• Approximately 77% conversion of Indicated Mineral Resources to Probable Ore Reserve
• Life of Mine (LOM) mining inventory of 66.2 Mt @ 0.82 g/t Au for 1.7 Moz

Aurum Resources Limited (ASX: AUE) has announced the outcomes of the Pre-Feasibility Study (PFS) for its Boundiali Gold Project in northern Côte d'Ivoire. The PFS confirms Boundiali as a technically robust and economically compelling large-scale open-pit gold development. The maiden probable ore reserve estimate is 42.1 Mt at 0.9 g/t Au for 1.21Moz of gold, with approximately 77% conversion of Indicated Mineral Resources to Probable Ore Reserve. The LOM mining inventory is 66.2 Mt @ 0.82 g/t Au for 1.7 Moz, with a strip ratio of 6.86 w:o. Aurum plans to commence a Definitive Feasibility Study (DFS) and targets first gold in H1 CY2028. The financial model demonstrates strong LOM financial results, including a post-tax NPV5% of approximately US$1.5 billion, an IRR of 119%, and US$2 billion of free cashflow on a pre-production capital of US$342 million.

Post-tax NPV5% US$1.5 billion, IRR 119%, free cashflow US$2 billion

Aurum plans to commence a Definitive Feasibility Study (DFS) and targets first gold in H1 CY2028.