Boundiali Gold Project, Côte d’Ivoire

The 1037km² Boundiali Gold Project in Côte d’Ivoire is located within the same greenstone belt as Resolute’s large Syama (11.5Moz) gold mine and Perseus’ Sissingué (1.4 Moz) gold mine to the north and Montage Gold’s 4.5Moz Koné project located to the south. Barrick’s Tongon mine (5.0Moz) is located to the northeast.

In December 2024, Aurum delivered a JORC Mineral Resource of 1.59Moz gold (50.0Mt at 1.0g/t Au) from the BST (Nyangboue), BD Target 1 and 2, and BM Target 1 and 3 deposits at Boundiali. The MRE was based on MRE based on data from 480 drillholes and nearly 74,000m of drilling.

Gold mineralisation remains open along strike and down dip at all deposits. Drilling is ongoing on these deposits, and Aurum has identified other prospects at Boundiali which have yet to be drilled. It plans to drill 100,000m at Boundiali in 2025, with two MRE updates on track and a Pre-Feasibility Study (PFS) to advance the project’s development also expected by year end. It has commenced metallurgical test work on samples from the BD deposit.

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