(Ecofin Agency) - Australia's Aurum Resources is among the recent foreign mining juniors interested in Côte d'Ivoire's gold potential. In just a few months, the company has raised several million dollars for its flagship Boundiali project in the country.

Aurum Resources has announced the opening of a share purchase plan to raise up to A$3 million ($1.99 million). The firm will use the operation’s net proceeds to accelerate exploration activities at its Boundiali gold project in Côte d'Ivoire.

Under the terms of the transaction, eligible shareholders of the company with a registered address in Australia or New Zealand will be able to subscribe for up to AUD 30,000 of new ordinary shares at an offer price of $0.33 per share.

Since the beginning of the year, Aurum Resources has been carrying out an intensive drilling campaign on the project with a view to a first estimate of mineral resources by the end of 2024. The work has highlighted high gold grades such as 163 g/t gold and 14.56 g/t gold.

Aurum Resources' investment in Boundiali reflects foreign investors’ interest in Ivoirian gold.  The country produced 50 tonnes in 2023, against about 18 tonnes in 2014. This year, it expects 55 tonnes.