Aurum Resources

We've completed dispatching our Bidder’s Statement dated 30 October 2024, containing the offers dated 4 November 2024, to acquire all fully paid ordinary shares and certain options in Mako Gold Limited, to Mako security holders. View the full ASX Announcement here: https://lnkd.in/gTQ58aiz #Aurum #AUE #gold #WestAfrica

"Aurum Resources' bid for fellow ASX-listed company Mako Gold could create a new West African golden-force with $20 million in cash, its own fleet of drill-rigs and a string of well mineralised projects within cooee of each other." Media coverage by Business News WA. https://lnkd.in/g4UBQNeJ coverage by @wabusinessnews. https://lnkd.in/gAQn3Zut #gold #westafrica #AUE #MKG

We've begun dispatching our Bidder’s Statement for the takeover bid to acquire all shares and certain options in Mako Gold. Key Dates: Offers Open: 4 November 2024 Close of Offers: 7:00 PM (Sydney time) on 2 December 2024 (unless extended) Mako’s Directors unanimously recommend accepting the offer, which provides: 1 AUE share for every 25.1 Mako shares 1 AUE share for every 248 Mako January 2025 options 1 AUE share for every 170 Mako June 2025 options Instructions on how to accept are included in the Bidder’s Statement. All acceptances must be received by 7:00 PM on 2 December 2024. View the ASX Announcements here: https://lnkd.in/gwSnzXJh and https://lnkd.in/g7_SRtcy #AurumResources #MakoGold #gold #ASX #AUE #WestAfrica

Company Presentation: Hong Kong Non-Deal Roadshow, October 2024 View the full presentation here: https://lnkd.in/gUG_mSta #gold #asxnews #westafrica #AUE #Aurum #AurumResources

We're pleased to provide our Quarterly Activities Report for the period ending 30 September 2024. View the full Report here: https://lnkd.in/g5ur5CcH #AUE #Aurum #gold #WestAfrica

“We picked up a very compelling package and the great thing was that we could see the gold was there. Our job really is to find out how much," said Mark Strizek, Executive Director, when speaking to Paydirt Media Pty Ltd at Africa Down Under about our Boundiali project. He added, “We are really chasing a multi million ounce discovery. The team have done it before and is assembled to do it again.” #AUE #BoundialiProject #Gold #GoldExploration #AfricaDownUnder #Mining

Aurum Resources and Mako Gold join forces to create West Africa-focused gold business.

Aurum Resources is on the cusp of becoming a bigger shark in the West African #gold pond after circling fellow #ASX-listed Mako Gold with an all-scrip bid at a whopping 112 per cent above the market price. $AUE $MKG #BULLSNBEARSWA Business News

"The big small cap news today is AUE ’s planned purchase of MKG to increase its #gold development opportunities in Côte d’Ivoire, a nation that’s emerging as one of the world’s most promising underexplored gold districts." Media coverage by Stockhead https://lnkd.in/gpXrx8vV

We've entered into a Bid Implementation Agreement with Mako Gold for a proposed merger, where we will acquire 100% of Mako’s shares and options through an off-market takeover. The merger will create a well-funded, emerging exploration and development gold company in West Africa with over A$20 million in cash to advance the flagship Napié and Boundiali Projects. Mako shareholders will receive 1 Aurum share for every 25.1 Mako shares, representing a 112% premium. The Mako’s board unanimously recommends the merger. Commenting on the proposed merger, Aurum Managing Director Dr Caigen Wang said: “The Aurum team is excited to apply our skills to the Napié Project, which we consider has great potential to quickly evolve into a multi-million ounce project with a dedicated owner-operated multi-rig drilling programme which can be delivered at a cost significantly below standard contract rates.” “We see strong similarities between Napié and the Abujar Project where the Aurum executive team, when running Tietto Minerals Ltd, were able to rapidly grow resources to 3.8Moz, and propel Abujar into production before being acquired in mid-2024 for over A$768 million.” “We look forward to collaborating with the strong Mako technical team to marry their exploration skills with our exploration and cost efficiencies to drive benefits for all of our shareholders. Between driving growth at Napié and being well on the path to delivery of a maiden resource at our own Boundiali Project later this year, we see strong potential for Aurum to become a strong emerging gold developer in Côte d’Ivoire with two assets with long-life potential in close proximity to each other.” Commenting on the proposed merger, Mako Managing Director Peter Ledwidge said: “We are pleased to agree this deal with the highly capable team at Aurum. The Aurum executive team have a demonstrable track record of being able to rapidly and very cost effectively drill-out resources using their owner-operator model.” “We have always believed our Napié Project has potential to host multi-million ounces of gold, and pleasingly, due to relative sizes of Mako and Aurum, upon close of the Proposed Merger, Mako securityholders will remain a meaningful part of the expanded group, and therefore will share in the continued upside to the growth in Napié, as well as gain exposure to the rapidly evolving Boundiali Project where Aurum expects to deliver its maiden resource in late 2024.” “We recommend all securityholders embrace this merger as a catalyst to unlock value from Napie.” Read the full ASX Announcement here: https://lnkd.in/gzjrTt34 Read the Bid Implementation Agreement here: https://lnkd.in/gtc4q5z7 #AurumResources #AUE #MakoGold #MKG #gold #GoldExploration #WestAfricaGold #MiningMerger #InvestorUpdate #NapiéProject #BoundialiProject #GoldDevelopment #ASX #ASXNews #MiningNews