Côte d’Ivoire: 920,000 Ounces of Indicated Gold Resources Now Confirmed for the Boundiali Project

After an initial resource estimate at the end of 2024, Aurum Resources launched a 100,000-meter drilling program to optimize the profile of its Boundiali gold project in Côte d’Ivoire. These efforts have already raised the project’s total resources to 2.41 million ounces.

In its latest update released on Monday, October 6, the company announced that indicated resources at Boundiali have now reached 920,000 ounces of gold, representing a 53% increase compared to the previously reported 600,000 ounces. This marks a significant milestone for the project, strengthening confidence in its mineral potential.

Indicated mineral resources represent the second-highest level of confidence in mineral classification — below “measured” and above “inferred” resources. In its August estimate, Aurum reported 2.41 million ounces in total, including 600,000 ounces indicated and 1.81 million ounces inferred.

Today’s announcement therefore reflects the conversion and addition of 320,000 ounces to the indicated category, with inferred resources now standing at 1.51 million ounces. The progress, driven by the ongoing 100,000-meter drilling program, supports Aurum’s development plans and paves the way for the future construction of a gold mine in Boundiali.

Based on these results, the company intends to submit mining permit applications for the BST, BD, and BM deposits.

“These higher-confidence resources not only reduce project risks but also enable us to submit mining license applications for BD and BM to support our exploitation permit application for BST, as we progress toward developing an open-pit mining operation at Boundiali,” the company stated.

In addition to the permit applications, Aurum is currently conducting a Pre-Feasibility Study (PFS) for Boundiali, expected by the first quarter of 2026. This study aims to confirm key project viability indicators, including construction costs and production profile.

Meanwhile, the company continues to advance its exploration work to upgrade indicated resources to measured resources and eventually to proven reserves, the stage required to justify commercial production.

Aurum’s exploration program is ongoing, with another resource update expected by 2026, further refining the profile of the Boundiali gold project.