Montage Gold Closes Strategic Investment in Aurum Resources

Core Viewpoint - Montage Gold Corp. has successfully completed a strategic investment in Aurum Resources Limited, enhancing its position in the gold mining sector [1][2][3]. Group 1: Strategic Investment Details - The strategic investment involves a share exchange transaction where Montage received 32,887,521 ordinary shares of Aurum at a deemed price of A$0.356 per share, while Aurum received 2,887,496 common shares of Montage at a deemed price of C$3.61 per share [2]. - Montage now holds a 9.9% interest in Aurum and has co-invested alongside other strategic investors, including the Lundin Family and Zhaojin Mining Industry Company Limited [3]. Group 2: Use of Proceeds - Aurum plans to utilize the proceeds from this investment to accelerate resource definition drilling at the Boundiali gold project and exploration drilling at the Napié gold project in Côte d'Ivoire, as well as to advance technical studies and permit applications [4]. Group 3: Company Overview - Montage Gold Corp. is focused on becoming a leading multi-asset African gold producer, with its flagship Koné project in Côte d'Ivoire expected to have a mine life of 16 years and an annual production of over 300,000 ounces of gold during the first eight years, with production anticipated to start in Q2-2027 [5].