In May 2021, West Perth-based Aldoro Resources announced plans to demerge its portfolio of gold assets through its wholly-owned subsidiary, Aurum Resources, in a $5 million IPO.
Aurum Resources' flagship project is the Penny South Project. Other projects include the Ryans Find, another high prospective project adjacent to known gold deposits, and the Unaly Hill South gold target.
Aurum Resources listed on the ASX on 2 November 2021.