Next up, we have Aurum Resources.
Thanks very much. There we go. Great. Incredible story with Kefi. I guess this one is very, very simple. We've been moving very, very quickly, and our goal is to be, is very, very simple to be a gold miner. And for the team, working in Côte d'Ivoire, this will be their second project that Kagan, myself, and the exploration team took, Ti é tto Abu jar, from go to well, I guess the other way around, from where to go. You know, so that's running that got bought out by Zhaoxin Mining for around about, I think just on AUD 800 million. So we're very, very different. I guess one of the keys is a real problem in the industry. Drilling is so damn expensive for shareholders. And so we thought, what can we do about it?
We can buy our own drill rigs and run, and we probably can drill for about 40% of the cost. This just means more meters into the ground, and you'll be able to see just how quickly we've been able to move. You know, our aspiration is to be having a gold mine built towards the end of 2027. We've got a bit of work to do, but you'll see that we move at a pace that I don't think many other companies are able to do. On that, I'll show you how we can back up what I'm just making those claims. The disclaimer hopefully, you like what you see. I mean, obviously, you need to do your own research. I think our record is, it certainly stands with what we've been able to achieve so far.
3.2, 3.3 million ounces in Côte d'Ivoire, bulk of that coming from Bundiali. We've turned what was fragmented into 2.4 million ounces. We've started with nothing apart from some exploration done by some others. The key for us are drill rigs. We've got 12 of them. I'd like 20. There's so much ground here to drill and explore, but you'll see that we've moved very quick. We do have a track record. Kagan's been in Côte d'Ivoire since 2012, and Fred N'kanzo, our country manager, and Yaya, been working with Kagan since 2014. Côte d'Ivoire is definitely a place where you can move very, very quickly, meeting the appropriate environmental standards. The government is very encouraging. They want more gold mines. And, you know, when you look at what's on offer there, there's a real—this is a place where you can go and do business.
That's what we've done in, and the number there, I guess the key is just about 20 months. You kind of look at that timeline. We started, we took over, it was a backdoor listing. Aurum Resources, they were exploring, I guess you could say, moose pasture in Western Australia. We pivoted the company, moving into Côte d'Ivoire. We were able to pick up what was fragmented ground. We'll talk about that. December 2023, 2024, our first one. I was finishing my Christmas dinner, and the resource there, the guy said, "We've got to go and write this, get this out." Then we did another one there. We took over a company in 2025. There was another bump in resources. That was MACO, 870,000 ounces we had. We think there's a lot more there as well. We did another resource update in July 2025.
Took us to 2.4 million at Bundiali. And then we added another one, that was, to take us to nearly a million ounces vindicated. And that's the rigs that do it. We've got 12 of them. They can actually punch pretty hard. We can drill down to, we've drilled at Abujar, 770 meters. At Bundiali, we've drilled 500 meters. We're probably the most un-Australian company in that regard because we drill everything with diamonds. We will drill 100,000 meters at Bundiali this year. We'll also put another 30,000 meters, so 130,000 meters we'll complete this year. Pretty unusual for a company of this size to be able to have this program. We're going to drill another 100,000 meters next year as well. Corporate overview, we're all ex-Tiétto guys apart from Troy who came with Aurum. Also Steve Zanavich when we took over MACO.
Steve's like a ex-Lycopodium director. He, you know, he's a builder. We look at the number of shares, you know, for an Australian company is relatively modest, 343. We've raised, and I think this is something to really talk about. Since we took over Aurum, we've raised AUD 37 million. And we've done everything that you saw up on the board there. And we still have AUD 42 million in the bank. We're able to consummate a deal with Montage and Lundine in May of this year. Bit of a share swap with Montage. I guess Lundine and Montage together probably own about 18% or so. Zhaoxin also came in. So we've got a couple of majors on board. I guess our strategy is very clear. We're just, head down. We're looking at trying to build this ourselves.
If they, others come in, I mean, I think it's Montage, and you'll, I'll show you where they are. They're just down the road. Zhaoxin obviously bought Abujar, Tiétto. They'd like to increase their footprint. So a bit happening. Definitely when you look at that, the share, I guess directors and insiders hold around about 11%. So we definitely are incentivized. The enterprise value, it's extraordinary value on offer here. And you can see that little pullback as the market kind of corrected. Gold still $4,000 an ounce there. We've got nearly, well, we've got over 3.3 million ounces, and there's a lot more, I think that we can grow that as well. That's where we are. You can see there we've got a strategic land package surrounded by gorillas. You've got Montage to the south. You've got Resolute in the north in Siama.
They've established a footprint inside Côte d'Ivoire. You've also got now, Tongon is being sold to Allied Gold as well. We've taken what was a very fragmented package and consolidated. We're also going to do that around NAPI as well. Great infrastructure. This is an area that's a mining area, well serviced. It's got power. There are ring main feeders. Power's relatively cheap, around $0.12 a kilowatt hour. Diesel is cheap as well in Côte d'Ivoire. It's around $1.10 a liter. The Ivorians also have their own refinery, so there's, you know, very, very secure sources. Importantly, we've also got a very good technical team that you can draw from in terms of resources for geologists, engineers, and so forth. Everything you need is here. We know that because we've done and we've built a gold mine previously.
I guess that just zooms down what I was saying there. You can see we've got gorillas, but we've been able to pull together a very, compelling land package. That package has demonstrated 2.4 million ounces in 20 months of drilling. We definitely think there's a lot more to come from that. This is what we do. We drill to build. One of the big differences, once you get in that build phase, we'll continue to drill. That's what we did at Tiétto, and that's our plan here as well. We've got the 12 rigs. We've got six deposits currently. We've got multiple targets. You know, the strike length, everyone goes, "That long skinny project looks so small." It's actually 75 kilometers long. It's got just over a million ounces on it. The other one, Boundiali, is just on about 1.1 million ounces.
Everything we need is here. I do have to tip my hat to people like Paul Roberts, who was a predictive, he actually put some of the first holes. We've been, I guess this is the key, and this is why our drilling is so important. There's a lot of company, you know, they'd actually, Paul was onto it, but he only had a small interest. He went off and discovered Bank Can, you know, 5 million ounces down the road. On the other side, you've got Tongon, which is now Allied Gold. Importantly, we've done some early work on the ground there. Metallurgical looks very nice. 95% gold recovery, quite coarse grind size, 106 micron. We've got samples currently in the PFS. Our goal is to have a DFS delivered in the middle of next year.
What you can look out for is obviously more drilling, but a PFS coming in February this year. That's a zoom in on Boundiali. We've got three deposits currently there, but you've got a gold corridor of about 13 kilometers long with multiple targets. Most of these targets haven't had the drill bit in them yet. Lots and lots to do there. I guess a couple of numbers I can throw at you. 83 meters at 4.87 coming from what is quite a wide zone of mineralization at Boundiali seems to be anywhere from 70 meters to 90 meters down hole. It's inside a sandstone. It's obviously got very good metallurgical properties. You've got a BD2, which looks to be a big stockwork. These are very simple open pittable pross deposits that we're looking to grow into a mine.
BM, this was really, had, you know, some exploration from Randgold Barrick, and everything that we've done. There was no drill holes here. It was a mixture of soil anomalies and so forth. Very happy to say we've been able to grow it quite rapidly. BMT3 is just on 600,000 ounces now. Half of that is indicated. There's still a lot more to go. Many targets to drill and test here. Some quite high grades as well. This one tends to be, and you can see that in the next slide there, probably a, I guess if anything, I would say this tends to have higher grade chutes. Not quite as wide, but it looks like there's some quite high grade chutes in here so that we'll be able to present a hub and spoke model to the engineers.
I think there'll be, our aspirational goal is, 200,000 ounces over 10 years. We need to just now, that's the goal. We're backfilling, we're drilling to be able to retain that PFS and DFS next year. When we look at it, we'll have, a range of, deposits that can come to the engineers. We think we'll be able to pull out those high grades and looking forward to delivering, the PFS, early next year. BST at one stage was the most advanced project. We've got 340,000 ounces there. There was round about 12,000 meters of drilling that had been done by previous explorers. We're currently drilling away on that right now. We do expect that to grow. That resource is only down to about 120 meters or so. Some reasonable numbers.
I do remember when Paul Roberts released that in 2016 and 2017 from RC Drilling, 20 meters at 10. And I think there was another, 30 at eight and so forth. So shallow. This area has not really seen any artisanals at all. And we've got three targets, including BST to follow up on. BST's about 2 kilometers of a 6 kilometer gold in soil anomaly. So plenty of work to do. Look, we've done the MET when we've got PFS. MET, I guess everything we're doing is on the view to have a DFS delivered. So we've got samples inside the labs. We're working with Knight Piesold. Dave Morgan is on site now looking at where the TSF should go. We've already started on environmental work. We've got the Delonics team working on assisting us on this in terms of the work there.
I mean, the headline, we've already talked about 95% gold recovery, coarse grind size, reasonable hardnesses and so forth. Yeah, I think we'll be looking to add to that and demonstrate what we can do in that PFS. NAPI, I guess it's almost like DEMTEL, you know, but there's more. There certainly is more. We acquired NAPI from MACO Gold. It was a share, one share for every 25. You know, we think it was a very good deal. We've already started consolidating. You've got 30 km of strike. There's 870,000 ounces there, but 93% of that is only down to about 200 meters, 190 meters, 150 meters actually, sorry. I think, you know, that's the key. When you look at what's there, those guys, unfortunately the market, you know, it went against them.
I mean, the costs were adding up and the shareholders had run out of patience. Pete and the team did a good job. I think they just were not able to demonstrate. That falls upon us now to demonstrate the potential of NAPI. Some very good drill results there. This is one part. This is Chugga, 2.3 kilometers long. I think in the next slide it really captures it. It is just underdrilled. We put through a couple of holes in there, released 17 meters at 9.3. You can see that in that section as well. This is one of the problems for the industry. Most companies cannot drill because it is so damn expensive. How do you change it? You have your own drilling team.
That allows us to, I guess it saves our shareholders money, but it really allows us to do what takes most companies a decade or more. We're up to 20 months. We're at 3.3 million ounces. Lots more drilling to come. I guess some real significant milestones coming in terms of a PFS and DFS next year. Côte d'Ivoire, look, it is definitely one of the best places to do business. A little, a little simple things there as well. When Kagan went to have a look at NAPI, the guys were wasting probably three hours a day because of a little bridge. We spent $60,000, built a bridge. That's what we come to, what we can bring to this. Boundiali, that's our exploration camp. It's a 100 man camp. We've even got our own bulldozer.
You know, I guess we, our goal is to, you know, with the two projects, we see the potential here in five years to be having 400,000 ounce production. So there's the timeline. You have a look at our record. There's drill results every month. We've still got AUD 43 million, I guess shares in cash. Our spend is about AUD 6 million-AUD 7 million a quarter. We've got enough money in the bank to deliver the DFS next year. You know, I think, look, thanks very much for your time. If there's any questions, there's 40 seconds and counting. You can catch up with me or keep, have a look at the ASX at our drill results, ASX, AUE. Thank you very much for your time today.
Any questions at all?
No. Hi, speaks for himself. I have one here.
You're putting a lot of emphasis on the drilling that you're doing, which is, which looks exceptional. Can you give me an idea of what your drilling rates are per meter and, sorry, per day? And then secondly, when you're getting the big drill rig in to go deep, or is that not part of your plans? Right. So we drill around about 10,000 meters- 12,000 meters a month with our rigs. You know, the rigs we've got, so we've got some 1300s. So that is meant to be able to drill down to about 1,000 meters. Right now the focus is on open pit, but, as always, we don't want to die wandering.
At some stage, I think in the next year, we'll probably drill some deeper holes and see, because with many of these deposits in West Africa, the deepest dimension is down in Z and it's the hardest and the most expensive. For us, it's something which is attainable. Thanks very much. Great. Thanks for.