Aurum Resources Limited is currently a wholly owned subsidiary of Aldoro Resources Limited (ASX.ARN) (Aldoro). Following a strategic review of its assets, Aldoro decided to demerge its Penny South Project, the Unaly Hill South Project and the Ryan’s Find Project (Projects) via the Company.
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The Projects are each located in Western Australia and considered by the Company to prospective for gold mineralisation. The Penny South Project and Unaly Hill South Project are each located within the Youanmi gold mining district and the Ryan’s Find Project is located within the Watt Hills Greenstone Belt. The Company considers that each of the Projects are underexplored and has delineated exploration targets to systematically explore each of the Projects.
It is anticipated that AUE will list on the ASX during October 2021.
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Aurum has a collection of gold focused projects from early-stage reconnaissance to advanced exploration projects all located in Western Australia.
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