Aurum Resources Limited - AUE share price

About

Aurum Resources Limited is an Australian mineral exploration and development company with projects primarily centered on gold and base metals in Western Australia. It operates across various stages of exploration, from early reconnaissance to mature area projects. Notably, it manages two key gold projects: Ryan’s Find and Penny South Gold. Ryan’s Find, situated in the Watt Hill greenstone belt, has a focus on base metals, particularly nickel and cobalt, with minimal gold content. It is located approximately 100 kilometers northwest of Southern Cross. In contrast, the Penny South Gold Project, positioned adjacent to the Penny West and Penny North gold mines, concentrates solely on gold exploration. Additionally, the company is actively pursuing the grant of tenement applications, including ELA77/2520, ELA77/2535, and ELA16/551, with a specific emphasis on gold through a proposed soil sampling exploration program.