Boundiali Gold Project, Côte d’Ivoire

Boundiali Gold Project in Côte d’Ivoire consists of four highly prospective contiguous granted licences, PR0808, PR0893, PR414 and PR283, within the Boundiali Greenstone Belt. This belt hosts Resolute’s Syama gold operation and Tabakoroni deposit in Mali and its southern extension, into Côte d’Ivoire, hosts several high-grade discoveries including Perseus Mining Ltd’s Sissingué gold operation and Bagoé deposits and Montage Gold’s 4.5Moz Koné gold discovery.

Aurum has an 80% interest in PR0808 (BD tenement) and a 100% interest in the PR414 (BST tenement). The Company is earning up to 80-88% and 70% interest, respectively, in PR0893 (BM tenement) and PR283 (BN tenement).

Aurum is targeting an initial Mineral Resource Estimate (MRE) for Boundiali by the end of CY2024.

Background

The Boundiali projects area covers the underexplored southern extension of the Boundiali belt where a highly deformed synclinal greenstone horizon traverses finer grained basin sediments and to the west Tarkwaian clastic rocks lie in contact with a granitic margin.

Historic exploration at PR0893 includes 93 AC drill holes and four RC holes. Airborne geophysical surveying, geological mapping and extensive soil sampling has also been performed at PR0893, while PR0808 has had 91 RC holes drilled for 6,229m along with geochemical analysis and modelling. Detailed geochemical sampling and drilling at PR414 has revealed three strong gold anomalies and returned previous impressive high-grade results (detailed in ASX: AUE 19/03/23).

Boundiali Project location and distribution of historical soil assays within the two licences. Datum WGS84 UTM30N