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Aurum Resources Posts 24% Increase in Indicated Resources at Ivory Coast Project; Shares Down 4%

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Aurum Resources (ASX:AUE) posted a 24% increase in indicated resources to 1.7 million ounces of gold at its Boundiali project in the Ivory Coast, according to a Thursday filing with the Australian bourse.

The growth drives the total project mineral resource estimate to 3.2 million ounces of gold at 1 gram per tonne grade of gold, the filing said.

The project's previous mineral resource estimate was 3 million ounces of gold, an earlier filing showed.

The Boundiali project pre-feasibility study is slated for delivery during this quarter, per the filing.

Shares fell 4% in midday trade on Thursday.

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