Aurum lifts Boundiali indicated gold resources 37% as BMT2 joins inventory

Aurum Resources has lifted the indicated gold resource at its Boundiali project in Côte d’Ivoire by 37% to 2.33 million ounces, while the project’s total resource has risen 19% to 3.84 million ounces.

The updated estimate covers 125.1 million tonnes grading an average of 1 gram of gold per tonne, according to the company figures reported by mining.com.au and The Sydney Morning Herald. The indicated category now comprises 71.5 million tonnes at 1 gram per tonne, containing 2.33 million ounces.

Inferred resources total 53.6 million tonnes at 0.9 grams per tonne, or 1.50 million ounces. The estimate applies cut-off grades of 0.42 to 0.45 grams per tonne above 300 metres depth and 1.5 grams per tonne below that level. Aurum said the inferred resource fell by 1% because material moved into the indicated category, rather than because mineralisation was lost.

The company described its drilling effort as a targeted campaign focused mainly on the BST1, BMT1 and BMT3 deposits to upgrade inferred material into the higher-confidence indicated classification. That work also established a maiden 130,000-ounce resource at BMT2, which The Sydney Morning Herald and Kalkine Media identify as Boundiali’s seventh deposit with a mineral resource.

The company says the increased indicated ounces will support an ore reserve update in its definitive feasibility study. The Sydney Morning Herald reports the study is targeted for later this year, while Kalkine Media gives a target completion in late 2026.

The higher indicated resource is therefore tied in the company’s account to the next stage of reserve definition and project studies; the sources do not report a completed ore reserve update.

Aurum managing director Dr Caigen Wang said the company directed its rigs toward converting inferred resources into indicated resources so it could convert indicated resources into ore reserves. The Sydney Morning Herald reports that Aurum operates a fleet of 16 diamond drill rigs and says the company is continuing a 150,000-metre drilling program.

Kalkine Media also reports that the company is targeting completion of the feasibility study in late 2026.

The outlets emphasize different details around the upgrade. mining.com.au gives the estimate’s grade and cut-off assumptions and explains the change in inferred resources; The Sydney Morning Herald foregrounds the resource conversion strategy and the role of BMT2; Kalkine Media adds the maiden BMT2 figure and the stated drilling-program length.

The Sydney Morning Herald describes the BMT joint venture area as 80-per-cent held, while the reports otherwise center on the resource estimate and study work.

Aurum said it had more than $95 million in cash as of September 30, a figure mining.com.au describes as unaudited; The Sydney Morning Herald reports more than A$95 million at the end of September, and Kalkine Media reports more than AUD 95 million in unaudited cash as at September 30, 2026.

The company says the funds support ongoing drilling and study activity, alongside permitting work, according to The Sydney Morning Herald.