Perseus makes 9.9% investment in Aurum Resources
ASX-listed Perseus Mining has acquired a 9.9% interest in ASX-listed Aurum Resources through participation in the Aurum equity raising announced on March 23.
Aurum is an emerging mineral development company. Aurum’s key asset is the Boundiali gold project, a pre-development and pre-study gold project located in the north of Côte d’Ivoire.
The Boundiali gold project has a reported ore resource of 100-million tonnes at 1 g/t gold for three-million ounces of gold.
The Boundiali gold project is located to the south and along strike of Perseus’ Sissingué gold mine, which has been in operation since January 2018 and the processing hub for ore from Fimbiasso and more recently the Bagoé satellite deposits.
Boundiali’s northern-most tenements are adjacent to the company’s active mining area at Bagoé.
“The Aurum team have done an excellent job assembling a highly prospective tenement package and building a significant resource base at a relatively low cost.
“The location of their discoveries presents potential future synergies and Perseus is pleased to be able to support Aurum in developing the project.
For a total cost of A$23.69-million, the Aurum share acquisition provides a compelling opportunity to fast-track value creation in the region,” says Perseus MD and CEO Craig Jones.
