Aurum Resources (ASX:AUE) signed a non-binding memorandum of understanding with China-based Sany Heavy Equipment, according to a Friday Australian bourse filing.
The agreement will provide a framework for potential strategic cooperation on mining equipment procurement and financing for its future operations at the Boundiali and Napie gold projects in Côte d'Ivoire.
The firm has the freedom to assess all development options for its projects, including owner-operator and contract mining models.
It plans to deliver a pre-feasibility study for its Boundiali project by the end of 2025.
Its shares rose nearly 2% in early trading on Friday.
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