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StocksMedium•23 March 2026•

1 min read

Perseus Mining Acquires 9.9% Strategic Stake in Aurum Resources

A man in a suit in front of a financial dashboard, with American Express logos, a credit card, gold, and oil derricks on a golden background.

Key Facts

1Perseus Mining acquired a 9.9% interest in Aurum Resources (ASX: UAE).

2The acquisition was completed via participation in Aurum's equity raising announced today.

Version History

1 additional source confirmed this story

Perseus Mining Limited has successfully acquired a 9.9% interest in Aurum Resources through participation in the latter's recent equity raising. Aurum Resources, an emerging mineral development company listed on the Australian Securities Exchange (ASX), announced the capital boost to fund its ongoing projects. This strategic investment provides Aurum with significant capital backing from an established mid-tier gold producer. For Perseus Mining, the acquisition represents a low-risk entry into promising mineral development assets. The move is expected to strengthen Aurum's balance sheet while signaling market confidence in its exploration prospects. Market observers view this partnership as a positive development for both entities within the Australian mining sector.