Announcement • Jun 18
Aurum Resources Limited Appoints Luke Stacey as Project Director Aurum Resources Limited announced the appointment of Luke Stacey as Project Director. Luke Stacey is an accomplished metallurgical professional with more than 20 years of experience in the gold sector. His expertise spans scoping studies, definitive feasibility studies, detailed design, construction /field engineering, commissioning and optimisation. He has delivered over 15 projects from feasibility through to execution, with the large portion being in West Africa. Mr. Stacey’s extensive project management experience includes work in Ghana, Burkina Faso, Mali, Côte d’Ivoire, Mauritania, Senegal, South-East Asia, South America and Australia. Recently, he served as Design Manager for the Goulamina Lithium Project in Mali, Northern Star’s 28.5Mtpa KCGM upgrade at Kalgoorlie, and the Kobada Gold Project in Mali. Mr. Stacey has undertaken various roles through his career including Principal Process Engineer, Study and Project Management, Engineering Management, Site and Commissioning Management roles and senior management roles as technical director. He has worked for leading engineering firms Lycopodium Minerals, Primero and Ausenco. Price Target Changed • Jun 13
Price target increased by 11% to AU$1.52 Up from AU$1.37, the current price target is an average from 3 analysts. New target price is 173% above last closing price of AU$0.56. Stock is up 12% over the past year. The company is forecast to post a net loss per share of AU$0.029 next year compared to a net loss per share of AU$0.043 last year. Announcement • Jun 13
Aurum Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 28.8 million. Aurum Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 28.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,600,000
Price\Range: AUD 0.6
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,400,000
Price\Range: AUD 0.6
Transaction Features: Subsequent Direct Listing