0050 GMT - Aurum Resources has served up a compelling case for the development of the Boundiali Gold Project in northern Ivory Coast, says Bell Potter. The pre-feasibility study outlines a maiden ore reserve of 42.1 million tons of gold-bearing ore at Boundiali grading at 0.9 grams per ton. Analyst David Coates says that supports a conventional open-pit mine producing 185,000 oz annually over its first five years of operation. "Compared with our in-house estimates, slightly lower grades and recoveries are more than offset by a higher mill throughput, gold production rates and lower capital costs," Bell Potter says. Boundiali presents as an attractive development project, says Bell Potter, which rates Aurum at speculative buy. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 11, 2026 20:51 ET (00:51 GMT)
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