Aurum Resources secures $52.5M for Côte d'Ivoire gold project build
Aurum Resources raised $52.5 million from strategic and institutional investors. This funding will speed up the Boundiali gold project in Côte d'Ivoire.
Aurum Resources raised $52.5 million to speed up its main Boundiali gold project in Côte d'Ivoire, West Africa. Strategic investors provided $32.3 million.
Global institutions provided $20 million. Together, these investments bring total funding to more than $95 million.
The money will pay for long-lead items, site access roads, land buying, and a 120,000-metre diamond drilling program. Aurum owns 16 diamond rigs.
The company holds 4.38 million ounces of gold in combined resources across Boundiali and nearby Napié. An updated resource study and feasibility study are expected in the December quarter.
- $52.5 million
- Funds raised
- 3.22 million ounces
- Boundiali resource
- 120,000 metres
- Drilling program
- 16
- Diamond rigs owned
Why it mattersThis major funding shows investor confidence in West African resources. It helps bring ore to market faster.
AustraliaAurum Resources is an Australian-listed company, and this capital raise demonstrates Australian investors' growing interest in West African mining development.
✓ Claims checked against the source. checked 1 d ago
