AURUM RESOURCES LIMITED — M&A Activity 2023

Dec 20, 2023

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21 December 2023

Aurum completes acquisition of Plusor Global Pty Ltd

Highlights

• Aurum Resources Limited completes acquisition of 100% of the shares on issue in PlusOr Global Pty Ltd.

• PlusOr has rights to earn an interest in two exploration permits, PR808 and PR903, comprising the Boundiali Gold Project. PlusOr has recently acquired 80% of the DS Joint Venture Company resulting in PlusOr owing an 80% interest in PR808.

• The Boundiali Gold Project covers two contiguous granted exploration permits, located within the very prospective Boundiali greenstone belt in Côte d’Ivoire.

• Dr Caigen Wang (the founder and former Managing Director of Tietto Minerals Ltd, current market capitalisation of $650M) to immediately join the AUE board.

• Two diamond drill rigs are currently drilling on our Boundiali Gold Project.

Aurum Resources Limited (ACN 650 477 286) (ASX: AUE) ( Company ) is pleased to announce the successful completion of the acquisition of PlusOr Global Pty Ltd (ACN 670 031 268) ( PlusOr ) (the Acquisition ).

PlusOr has rights pursuant to two separate agreements to earn an interest in exploration permits PR-0893 and PR-0808 comprising the Boundiali Gold Project, which is located within the very prospective Boundiali greenstone belt in Côte d’Ivoire. In addition, the Company will acquire assets held by PlusOr including two man-portable hydraulic diamond drilling rigs plus consumables for 10,000m diamond drilling needs.

Dr. Caigen Wang has today been appointed as a non-executive director of the Company in connection with the Acquisition.

Troy Flannery, Non-Executive Chairman commented, “We are very pleased to have acquired 100% of PlusOr following the satisfactory completion of our due diligence where no issues were identified. It’s worth noting that PlusOr currently has two drills operating at Boundiali and has already drilled 29 diamond holes for 4,592m”.

The Company’s ASX announcement dated 13 November 2023 details the material terms and conditions of the Acquisition.

This Announcement has been approved for release by the Board of Aurum Resources Limited.

AURUM RESOURCES LIMITED | ACN 17 650 477 286 | +61 8 6559 1792 SUITE 1, 38 COLIN STREET WEST PERTH, WA 6005 http://www.aurumres.com.au

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About Aurum Resources Limited

Aurum Resources Ltd is an ASX-listed (ASX:AUE) mineral exploration and development company. Aurum has a collection of gold and base metal focused projects from early-stage reconnaissance to mature area exploration projects currently located in Western Australia. The Company’s Ryans Find Project is prospective for gold mineralisation and located on structures that host historical gold mines. The Company’s other project is Penny South, another prospective project adjacent to known gold deposits but may also host base metal deposit(s).

Disclaimer

Some of the statements appearing in this announcement may be in the nature of forwardlooking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Aurum operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by several factors and subject to various uncertainties and contingencies, many of which will be outside Aurum’s control. Aurum does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Aurum, its directors, employees, advisors, or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement. This announcement is not an offer, invitation or recommendation to subscribe for, or purchase securities by Aurum. Nor does this announcement constitute investment or financial product advice (nor tax, accounting, or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.

AURUM RESOURCES LIMITED | ACN 17 650 477 286 | +61 8 6559 1792 SUITE 1, 38 COLIN STREET WEST PERTH, WA 6005 http://www.aurumres.com.au

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