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

MT Newswires Live

3小時前

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.

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