AUE aurum resources limited

Ann: Oversubscribed $17M Placement Completed, page-7

  1. 1,406 Posts.
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    The key takeout for me in this announcement is that exploration drilling will jump to 10,000m per month. This is a huge jump, when you consider that in the last quarterly (3mths) the two drill rigs only managed 8,200m combined (drilling) or a rate of 2,730m per month. So if the announcement is to be taken at face value, the rate of drilling per month will step up at a rate of over three and a half times!!!

    If the gold is there, its pretty clear that we are going to see it in announcements over the next 6 mths, ultimately leading to an inaugural JORC resource
    in late Q4 2024.

    Interesting times ahead...
 
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48.0¢
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Last trade - 15.30pm 31/07/2025 (20 minute delay) ?
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