AUE Price sensitive 23 Sep 2026, 9:27 AM

A$52.5m firm commitments to accelerate Boundiali development

Aurum Resources Ltd

Aurum Resources secures A$52.5m to accelerate Boundiali development

Key points

  • Firm commitments received for A$52.5 million Placement at A$0.55 per New Share.
  • Existing and new investors subscribe for A$32.3 million of the Placement.
  • Proceeds to fund early procurement, construction, exploration drilling, and working capital.

Full summary

Aurum Resources Ltd announced it has secured firm commitments for a A$52.5 million Placement to accelerate the development of its Boundiali project. The Placement, at A$0.55 per New Share, was strongly supported by both existing and new strategic investors, who committed to A$32.3 million of the Placement. The remaining A$20.2 million was subscribed by new high-quality domestic and global institutional investors. The proceeds will fund early procurement of long lead items, construction of a site access road, acquisition of land for the plant and tailings storage facility, exploration drilling, and working capital. The company expects to complete the Definitive Feasibility Study by late CY2026.

Guidance

Expected cash balance of A$95 million post-Placement

Outlook

Targeted Mineral Resource update in early Q4 CY2026 and Definitive Feasibility Study in late CY2026.

Summary generated by a large language model. Please interpret with care.

Sign in for more about this company, including guidance changes and other insights.
Sign in