By: Ecofin agency

Aurum Resources announced on Tuesday, August 5, that it has discovered an additional 820,000 ounces of gold—about 25 tons—at its Boundiali project in Côte d’Ivoire. This brings the total identified gold resources on the site to 2.41 million ounces, marking a 50% increase from the 1.59 million ounces reported in December 2024.

The Boundiali resources are spread across six deposits named BST1, BDT1, BDT2, BDT3, BMT1, and BMT3. Overall, the site now holds 1.81 million ounces of gold in the "indicated" category and 600,000 ounces in the "inferred" category.

Although Aurum did not provide full details of the updated resource estimate, the announcement comes as the Australian company continues its exploration efforts on site. A 100,000-meter diamond drilling program, launched earlier this year, is currently in progress.

“This substantial growth is a direct result of our focused and aggressive drilling campaign, and it highlights the immense potential of the project,” said Aurum CEO Caigen Wang. “Delivering this updated MRE update has enhanced our confidence in further strong growth at Boundiali, given we have many targets identified which we are yet to drill test.”

The company expects to publish another resource update later this year, based on ongoing data analysis. These results could be included in a preliminary feasibility study (PFS), which Aurum plans to complete by the end of 2025. While a PFS is less detailed than a full feasibility study, it usually provides an initial economic assessment to support large-scale development.