MINING NEWS
Aurum hits 1m @ 152.35 g/t gold at Boundiali Gold Project ASX-listed Aurum Resources has announced exceptional high-grade gold results from its ongoing 100 000m infill drilling programme at the 2.41moz Boundiali Gold Project in Côte d’Ivoire. The drilling was designed to upgrade the Mineral Resource confidence at Boundiali’s BMT3 and BDT2 deposits and has successfully confirmed high-grade, continuous gold mineralisation. Encouraging new drill intercepts include: BMT3 Deposit: • 1m @ 152.35 g/t Au from 96m (MBDD260) • 21m @ 4.06 g/t Au from 128m, incl. 1.40m @ 53.22 g/t Au (MBDD250) • 5m @ 10.80 g/t Au from 82m, incl. 4m @ 13.45 g/t Au (MBDD255) • 6.65m @ 6.23 g/t Au from 52m (MBDD238) • 9.30m @ 4.44 g/t Au from 75m, incl. 4.30m @ 9.10 g/t Au (MBDD232). BDT2 Deposit: • 10.50m @ 2.39 g/t Au from 43.50m, incl. 1m @ 22.81 g/t Au (DSDD0254) • 0.90m @ 22.03 g/t Au from 126m (DSDD0252). Project Growth & Development: • Mineralisation remains open: Gold mineralisation at both deposits remains open along strike and at depth, indicating significant potential for resource growth. • Drilling fleet expanded: Two new rigs have been added, expanding Aurum’s owned fleet to 12. This expansion will accelerate the programme, targeting more than 130 000m of drilling in CY2025. • Major Resource updates pending: Two major MRE updates (Boundiali and Napié) are scheduled for early Q1 CY2026, aimed at growing the company’s current 3.28 moz resource base. • Boundiali PFS commenced: A Boundiali Project Pre-Feasibility Study is underway, due in Q1 CY2026. • Well-funded for growth: Aurum maintains a strong balance sheet with $40M cash (inclusive of Montage shares, unaudited) to fully fund its exploration and development programs. Aurum’s Managing Director Dr. Caigen Wang said: “These spectacular results highlight the immense potential of our Côte d’Ivoire portfolio. The bonanza hit of 1m @ 152.35 g/t gold from 96m at Boundiali confirms the system at BDT3 hosts high-grade shoots, with this intercept being drilled up-dip from 1.43m at 234.35 g/t gold from 107m. Crucially, this success is not isolated to our Boundiali gold project. At our Napié Project, recent drilling has also returned a fantastic result of 17m @ 9.38 g/t gold from 236m, significantly extending mineralisation at depth. This demonstrates our ability to deliver potential high- grade ounces across multiple assets. Our unique advantage is our owned and operated fleet of 12 drill rigs, which allows us to aggressively and cost-effectively test these systems. With a strong cash balance of $40 million, a clear development pathway with the Boundiali PFS underway, and major resource updates pending, we are in an excellent position to deliver substantial shareholder value through 2025 and into 2026." n
Sibanye-Stillwater celebrates official launch of the Castle wind farm
Nyanzaga Gold construction update ASX-listed Perseus Mining continues to make solid construction progress at the Nyanzaga Gold Project in Tanzania in September. Highlights included: • Ngoma town bypass road complete. • SAG Mill raft concrete foundation poured ahead of schedule with Ball Mill and Gyratory Primary Crusher foundation concrete pours imminent. • Concrete blinding poured on all process plant critical foundations. • Big push for the project on Resettlement housing construction, with target to complete by end of October. • First roofing being installed in the new Camp with first rooms to be opened in October. • Resource definition drilling continues. n On 1 September 2025, members of Sibanye-Stillwater (and the Castle consortium) celebrated the significant milestone of commercial operation of the Castle wind farm (Castle) project since the end of March 2025. The Group’s renewable energy programme is a key lever for decarbonisation, given that 92% of Group emissions originate from the power utility Eskom. Sibanye-Stillwater has developed a targeted 600-megawatt (MW) pipeline of solar and wind projects which, combined with other energy management initiatives, will displace 30% of current Eskom supply with low-cost, renewable energy by 2027. Progress towards this target has been made through the construction of three wind and one solar project totalling 407 MW of generation capacity that is expected to be in commercial operation by end of 2026. The four projects include the 89 MW capacity Castle wind farm, the 103 MW capacity Witberg wind farm the 140MW capacity Umsinde wind farm and the 75MW capacity Springbok solar photovoltaic project. n
6 MODERN MINING www.modernminingmagazine.co.za | NOVEMBER2025
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