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2026-11-06
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Aurum Resources Limited

DFS Unfunded Developer · Gold · Côte d’Ivoire Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.455
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$189.2M
EV
—
Cash
A$54.6M
Debt
A$0
8 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$54.6M Finite
Debt A$0 Net cash A$54.6M
Basic shares 415.8M 2026-09-18
Runway 6.42 quarters June 2026 Appendix 5B cash and quarter spending; excludes the unsettled September 2026 placement.

Liquidity

Financial position

A$54.622m reported cash at 30 June; placement commitments would lift expected cash above A$95m after settlement, still below US$342m PFS initial capex. No committed project debt disclosed.

Capital structure

Ownership and dilution

Ordinary shares
415.8M
Fully diluted
507.6M

415,807,006 ordinary plus 91,842,711 listed and unlisted options and performance instruments. The September placement remains unissued at cutoff and is shown only in the valuation pro forma denominator; exercises are not assumed funded.

Security classes11
ClassTypeQuantityStrikeExpiry
Ordinary shares on issue before September placementOrdinary Share415.8M——
AUEO outstanding securityOption2.7M—2026-10-21
AUEAJ outstanding securityOption500KA$0.312—
AUEAK outstanding securityOption250KA$0.312—
AUEAF outstanding securityOption8.9MA$0.312—
AUEAD outstanding securityPerformance Right47.2M——
AUEAE outstanding securityOption23.2M——
AUEAH outstanding securityOption1MA$0.5—
AUEAM outstanding securityOption1MA$0.68—
AUEAL outstanding securityOption4MA$0.53—
AUEAI outstanding securityOption3MA$0.6—
Company guidance1
MetricProjectPeriodLowHighStatus
First GoldboundialiH1 2028—— calendar dateCurrent

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-09-30Ann. 2026-09-23RaisingOrdinary ShareA$52.5M95.5MA$0.55AnnouncedFirm commitments, settlement expected 29 September and allotment expected 30 September; neither occurred by 26 September cutoff.Max 95.5M · Period 2026-09-23 to 2026-09-30

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Partial · as of 2026-09-26

Material disclosed project interests, royalties, free carries and staged earn-ins; operating contracts and financing terms remain undisclosed.

BD/BM interests currently 80%; mine equity may settle between 80% and 88% after partner elections and state free carry.

Earn In · Active
Counterparties
local licence partners
Applies to
Boundiali Gold Project · Gold
Economic direction
Mixed
Period
Dates not stated
Key terms
current interest: 80 %
possible mine equity: 80 to 88%
How it affects our valuation

No valuation treatment is available for this arrangement.

Statutory state free carry dilutes the future operating company; incorporated in the 85% base ownership factor.

Free Carry · Conditional
Counterparties
Côte d’Ivoire government
Applies to
Boundiali Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
state free carry: 10 %
How it affects our valuation

No valuation treatment is available for this arrangement.

PFS economics already deduct the 8% statutory royalty and 0.5% SEDF.

Royalty · Active
Counterparties
Côte d’Ivoire government
Applies to
Boundiali Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
royalty and SEDF: 8.5 % of gold revenue
How it affects our valuation

No valuation treatment is available for this arrangement.

Mako holds 90% of Napié and AAIF has a 10% free carry to feasibility.

Free Carry · Active
Counterparties
African American Investment Fund
Applies to
Napié Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
AAIF interest: 10 %
How it affects our valuation

No valuation treatment is available for this arrangement.

BN exploration earn-in is contingent on licence grant and spend; no value before resource proof.

Earn In · Conditional
Counterparties
BN permit partner
Applies to
Regional Ivorian joint ventures · Gold
Economic direction
Mixed
Period
Dates not stated
Key terms
first earn: 35 %
maximum earn: 70 %
How it affects our valuation

No valuation treatment is available for this arrangement.

Encore permit applications and staged drilling earn-in remain early exploration.

Joint Venture · Conditional
Counterparties
Encore Minerals
Applies to
Regional Ivorian joint ventures · Gold
Economic direction
Mixed
Period
Dates not stated
Key terms
initial interest: 30 %
ultimate earn: 80 %
How it affects our valuation

No valuation treatment is available for this arrangement.

Major Star Plus earn-in is staged and carries future government participation.

Earn In · Active
Counterparties
Major Star Plus
Applies to
Regional Ivorian joint ventures · Gold
Economic direction
Mixed
Period
Dates not stated
Key terms
registered interest: 35 %
PFS earn: 95 %
How it affects our valuation

No valuation treatment is available for this arrangement.