ASX:AUE

7 stories mentioning ASX:AUE

Every FINWIRES story that references ASX:AUE, newest first.

Update: Aurum Resources Says Managing Director Invests AU$840,000

(Updates to add stock movement in the last paragraph)Aurum Resources (ASX:AUE) said its managing director, Caigen Wang, invested AU$840,000 in the firm, subscribing for 1.4 million fully-paid ordinary shares at AU$0.60 per share, according to a Friday Australian bourse filing.The shares were issued following shareholder approval at its general meeting held on Tuesday. Following the investment, Wang now holds a 4% stake in Aurum's issued shares.The company's shares fell 2% in recent Friday trade.

ASX:AUE

Asia3d ago

Aurum Resources Says Managing Director Invests AU$840,000

Aurum Resources (ASX:AUE) said its managing director, Caigen Wang, invested AU$840,000 in the firm, subscribing for 1.4 million fully-paid ordinary shares at AU$0.60 per share, according to a Friday Australian bourse filing.The shares were issued following shareholder approval at its general meeting held on Tuesday. Following the investment, Wang now holds a 4% stake in Aurum's issued shares.

ASX:AUE

Asia4d ago

Aurum Resources Says Ivory Coast Gold Project Prefeasibility Study Confirms Economically Compelling, Large-Scale Open Pit Development

Aurum Resources (ASX:AUE) said the prefeasibility study for its Boundiali gold project in northern Ivory Coast confirmed the project as a technically robust, economically compelling, large-scale open-pit gold development, according to a Thursday Australian bourse filing.It declared a maiden probable ore reserve estimate of 42.1 million tonnes at 0.9 grams per tonne grade of gold for 1.21 million ounces of gold from four open pit deposits, BDT1, BDT2, BMT3, and BST, as of April 30. It also declared around 77% conversion of indicated mineral resources to probable ore reserve.The life-of-mine inventory for the development came at 66.2 million tonnes at 0.82 g/t grade of gold for 1.7 million ounces, with life-of-mine gold production of 1.5 million ounces over 11 years at 86.7% recovery.Its shares fell 2% in recent trading on Thursday.

ASX:AUE

Asia21d ago

Aurum Resources Gets Environmental Approvals for Côte d'Ivoire Gold Project

Aurum Resources (ASX:AUE) said Côte d'Ivoire's government issued three environmental approval certificates for the company's Boundiali gold project, moving it closer to mining license approval, according to a Monday filing with the Australian bourse.The certificates granted on May 20 cover all three mining license applications filed across the 3.22-million-ounce gold project, the company said.Aurum has 16 company‑owned diamond rigs operating at Boundiali, with a pre‑feasibility study expected in the current quarter and a definitive feasibility study on track for the fourth quarter.

ASX:AUE

Asia32d ago

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

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.

ASX:AUE

Asia55d ago

Aurum Resources Says Ivory Coast Gold Project Drilling Hits Multiple Thick Gold Intersections; Shares Up 4%

Aurum Resources (ASX:AUE) said the diamond drilling program at the Boundiali gold project in Ivory Coast hit multiple thick gold intersections at the BDT2 deposit, according to a Tuesday Australian bourse filing.The program encountered intercepts of 36 meters at about 2 grams per tonne (g/t) grade of gold from 280 meters, as well as 2 meters at 11.4 g/t grade of gold from 115 meters.The drilling confirmed gold mineralization outside of the current mineral resource estimate boundaries at BDT2.Aurum Resources' shares rose almost 4% in recent trading on Tuesday.

ASX:AUE

Asia60d ago

Aurum Resources Says Diamond Drilling at Ivory Coast Deposit Extends Gold Mineralization Below Current Mineral Resource Estimate

Aurum Resources (ASX:AUE) said results from its ongoing diamond drilling program at the Boundiali gold project in the Ivory Coast extended gold mineralization at the BST1 deposit by 220 meters below the current mineral resource estimate, according to a Thursday Australian bourse filing.It encountered intercepts at the deposit of 29 meters at a grade of 1 gram per tonne of gold from 444 meters, as well as eight meters at 3.38 g/t grade of gold from 279 meters. It also hit an intercept at the BDT3 deposit of seven meters at 1.23 g/t grade of gold from 352 meters.Its shares climbed 2% in recent trading on Thursday.

ASX:AUE