AURUM RESOURCES LIMITED (AUE)
Share Price Analysis and Chart

06/10/2026

1

Speculative Buy

$1.45

190.00%

Aurum Resources has raised $52.5m via a placement of 94.5m new shares at 55c with cash post completion flagged at around $95m, Bell Potter observes.

The analyst views Aurum as one of the most successful gold explorers in West Africa and notes Shandong Gold, a top ten global mining company, has joined the share register.

Around 25% of shareholder equity is now held by strategic investors, the broker points out. The explorer has also continued to receive assay results from its ongoing drill-out at Boundiali which supports the view for a potential structurally higher-grade zone.

Target price slips to $1.45 from $1.50. Speculative Buy rating unchanged.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -4.80 cents.
Bell Potter forecasts a full year FY28 dividend of 0.00 cents and EPS of 7.20 cents.

05/10/2026

1

Speculative Buy

$1.40

180.00%

Canaccord Genuity maintains a Speculative Buy rating for Aurum Resources with a $1.40 target price following the reporting of standout drilling results from the Boundiali Gold Project in Cote d'Ivoire.

Reverse circulation and diamond drilling at the BST1 deposit delivered the highest grade-thickness intersection recorded at the site to date, featuring 28.8 metres at 22.9 grams per tonne of gold from 204 metres.

The company recently completed a $52.5m institutional placement to increase pro-forma cash reserves to approximately $95m, providing necessary funding for early development activities and long-lead processing plant items.

The analyst anticipates the latest batch of drill results will support both resource growth and increased confidence ahead of an impending mineral resource estimate update expected in the final quarter of 2026.

Advancements on the project continue alongside ongoing environmental approvals and the anticipated completion of a definitive feasibility study later this year.