Aurum Resources’ is inching closer to production in West Africa after a successful infill drilling program at its Boundiali BMT3 deposit in Cote D’Ivoire has grown its total Boundiali indicated gold resource by 53% to 0.92Moz gold.
The drilling at BMT3 has enabled the conversion of 320,000 ounces of previously “inferred” gold to the higher-confidence “indicated” resource category, leaving the project’s total resource unchanged at 2.41 million ounces and the company’s group resources, including the Napié project, at 3.28 million ounces.
The BMT3 deposit now contains an indicated total of 320,000 ounces at 1.1 g/t gold, which lifts the Boundiali project’s total indicated resource by 53% to 920,000 ounces of gold. The deposit also retains a remaining inferred 270,000 ounces of gold at a grade of 1g/t gold.
Aurum’s Managing Director Dr. Caigen Wang said: "We are extremely pleased to announce this further increase of more than 50% in Indicated ounces within the Boundiali JORC Mineral Resource Estimate, bringing it to 0.92 million ounces of gold.”
“This substantial growth is a direct result of our recent two-month focused and aggressive infill drilling campaign and highlights the immense potential of Boundiali, as well as the value of owning and operating our own drill rigs.”
Recent high-grade intercepts from BMT3 – including compelling intercepts such as 1m at 152.35g/t gold from 96m depth - confirm consistent, high-grade mineralisation that remains open along strike and at depth.
The recent upgrade follows an early August resource update that grew Boundiali’s total resources by about 50 per cent to the 2.41 million ounces across its BST1, BDT1, BDT2, BDT3, BMT1 and BMT3 deposits.
The latest BMT3 conversion of a significant proportion of its formerly inferred resources to the indicated resource category further strengthens Aurum’s confidence in the potential economics of its flagship Boundiali project.
The company is advancing a pre-feasibility study (PFS) towards completion in Q1 2026, alongside a major mineral resource estimate update across the project, positioning it for growth in this part of West Africa’s prolific gold belt.
With A$40 million in cash, Aurum is well-funded to explore additional targets, further enhancing the project’s potential.
The new upgrade underscores Aurum’s progress in establishing significant value at Boundiali, with ongoing drilling looking almost certain to deliver more high-grade results.
The Caigen Wang led Aurum Resources is on a roll in Côte D’Ivoire, where its burgeoning Boundiali fleet of company owned drill rigs was recently expanded to 12 to support the increased 2025 drilling program of over 130,000 meters, up from the initial 100,000 meters.
Wang used a similar strategy of company-owned drill rigs when he catapulted the little known ASX listed explorer Tietto Minerals into production in Cote D’Ivoire after a stellar run over a long period with the drill bit.
With over 3m ounces on his books already, Wang looks like he just might be set to ring the till again with Aurum.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Doug Bright
