Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Grant Ferguson was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Grant Ferguson was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 11
Aruma Resources Limited (ASX:AAJ) completed the acquisition of 85% stake in Tillex Copper-Silver Project from Metals Creek Resources Corp. (TSXV:MEK). Aruma Resources Limited (ASX:AAJ) executed a binding heads of agreement to acquire 85% stake in Tillex Copper-Silver Project from Metals Creek Resources Corp. (TSXV:MEK) for CAD 1.8 million on January 22, 2026. A cash consideration of CAD 0.1 million will be paid by Aruma Resources Limited. The consideration consists of common equity of Aruma Resources Limited having a value of CAD 0.13 million to be issued for assets of Tillex Copper-Silver Project. Aruma Resources Limited will pay an earnout/contingent payment of CAD 0.53 million cash and of CAD 1.07 million common equity. As part of consideration, CAD 1.82 million is paid towards assets of Tillex Copper-Silver Project.
Aruma Resources Limited (ASX:AAJ) completed the acquisition of 85% stake in Tillex Copper-Silver Project from Metals Creek Resources Corp. (TSXV:MEK) on February 11, 2026. Annonce • Feb 02
Aruma Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.515 million. Aruma Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.515 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 81,900,350
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 295,877,428
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,777,778
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Grant Ferguson was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Oct 24
Aruma Resources Limited, Annual General Meeting, Nov 28, 2025 Aruma Resources Limited, Annual General Meeting, Nov 28, 2025. Location: at room 26l wynyard, level 26 1 bligh street, nsw 2000, sydney Australia Annonce • Oct 15
Aruma Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.515 million. Aruma Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.515 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 81,900,350
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 295,877,428
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,777,778
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Grant Ferguson was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jun 21
Aruma Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.9 million. Aruma Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,514,542
Price\Range: AUD 0.0085
Discount Per Security: AUD 0.00051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,485,458
Price\Range: AUD 0.0085
Discount Per Security: AUD 0.00051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,882,353
Price\Range: AUD 0.0085
Discount Per Security: AUD 0.00051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Apr 16
Aruma Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.9 million. Aruma Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,514,542
Price\Range: AUD 0.0085
Discount Per Security: AUD 0.00051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,485,458
Price\Range: AUD 0.0085
Discount Per Security: AUD 0.00051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,882,353
Price\Range: AUD 0.0085
Discount Per Security: AUD 0.00051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Mar 31
Aruma Resources Limited Announce Plans for the Next Phase of Field Work to Follow-Up and Extend the Recent High-Grade Gallium Assay Results At the Saltwater Project in the Pilbara Region Westen Australia Aruma Resources Limited announced plans for the next phase of field work to follow-up and extend the recent high-grade gallium assay results at the Saltwater Project in the Pilbara region Westen Australia. Aruma recently reported multiple very-high grade gallium results from its most recent phase of sampling at the Saltwater Project, from the Talmine Prospect (ASX announcement 17 February 2025). A total of 16 samples graded higher than 24g/t Ga2O3 and highlight results included; · 136.05g/t Ga2O3 (Gallium Oxide): AR14023; 60.87g/t Ga2O3: AR14020; 39.29g/t Ga2O3: SWS0929; 35.18g/t Ga2O3: SWS0903; 34.80g/t Ga2O3: SWS0925; 34.16g/t Ga2O3: AR14024; 32.81g/t Ga2O3: SWS0904. New Risk • Feb 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.22m market cap, or US$1.39m). Board Change • Feb 04
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman James Moses is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Dec 31
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman James Moses is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annonce • Oct 30
Aruma Resources Limited, Annual General Meeting, Nov 29, 2024 Aruma Resources Limited, Annual General Meeting, Nov 29, 2024. Location: level 1, suite 9, 110 hay street, subiaco, western australia, Australia New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$329k revenue, or US$216k). Market cap is less than US$10m (AU$3.57m market cap, or US$2.36m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Annonce • Aug 08
Aruma Resources Limited (ASX:AAJ) completed the acquisition of Portfolio of copper and uranium exploration assets in South Australia and Queensland from NHM Holdings (Australia) Pty Ltd. Aruma Resources Limited (ASX:AAJ) agreed to acquire Portfolio of copper and uranium exploration assets in South Australia and Queensland from NHM Holdings (Australia) Pty Ltd for AUD 1.5 million on May 27, 2024. Aruma Resources Limited will issue 26.5 million fully paid Aruma ordinary shares which will be subject to a voluntary escrow period of 6 months from the date of issue. It will also issue 52.5 million options each non-transferable and exercisable into one Share for a nil exercise price. Aruma will also pay a 2% net smelter royalty to NHM Holdings (Australia) Pty Ltd shareholders. The transaction is subject to due diligence and is also subject to Aruma Resources Limited shareholders approval. James Dickson, Bonnie Doyle and Ashleigh De Silva of Piper Alderman acted as legal advisor to Aruma Resources.
Aruma Resources Limited (ASX:AAJ) completed the acquisition of Portfolio of copper and uranium exploration assets in South Australia and Queensland from NHM Holdings (Australia) Pty Ltd on August 7, 2024. Aruma executed a share acquisition agreement to acquire the Wilan IOCG-Uranium Project in the Olympic Dam precinct in South Australia, and the Fiery Creek Copper Project and the Bortala Copper Project in the Mt Isa region of Queensland from NHM Holdings (Australia) Pty Ltd (NMHA) in the previous quarter. Completion of the Acquisition was subject to Aruma shareholder approval, which was granted at a shareholder meeting on 1 August. The Company now advises that settlement in respect of the acquisition has been completed via the issue of 26.5 million fully paid Aruma ordinary shares to shareholders of NHMHA and 52.5 million options, as per the terms of the share acquisition agreement. The shares issued to NHMHA shareholders are subject to a voluntary escrow period of 6 months from the date of issue. Reported Earnings • Mar 18
First half 2024 earnings released: AU$0.001 loss per share (vs AU$0.007 loss in 1H 2023) First half 2024 results: AU$0.001 loss per share (improved from AU$0.007 loss in 1H 2023). Revenue: AU$1.20m (up 38% from 1H 2023). Net loss: AU$203.7k (loss narrowed 82% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Board Change • Jan 23
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman James Moses is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jan 08
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman James Moses is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annonce • Oct 20
Aruma Resources Limited, Annual General Meeting, Nov 22, 2023 Aruma Resources Limited, Annual General Meeting, Nov 22, 2023, at 09:30 W. Australia Standard Time. Location: at the 1st Floor, 2 Richardson Street West Perth Western Australia Australia Agenda: To consider Adoption of Remuneration Report; to consider Re-election of Director Brett Smith; to consider Adoption of Employee Securities Incentive Plan; and to consider Approval of Additional 10% Capacity. Annonce • Jul 04
Aruma Resources Limited Announces Resignation of Peter Schwann as Director Aruma Resources Limited advised that non-executive director Mr. Peter Schwann has resigned from his position to focus on personal interests. Mr. Schwann was Aruma's founding managing director, and led the Company since its ASX listing in 2010 up until January 2023, when he stepped-down from the managing director's position and became a non-executive director of the Company. As a non-executive director Mr. Schwann has provided invaluable support to Aruma's new managing director Mr. Glenn Grayson, helping ensure an effective transition over the past six months. Mr. Schwann has been a dedicated and committed managing director and non-executive director of Aruma for a period of 13 years, since the Company's listing. As managing director he managed and led the assessment, acquisition and pegging, and subsequent exploration of numerous projects across a range of different minerals. He built strong relationships with key stakeholders across the business, and oversaw multiple capital raisings and R&D tax refunds throughout his tenure, which enabled the Company to successfully pursue its exploration activities. New Risk • Jun 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$417k revenue, or US$287k). Market cap is less than US$10m (AU$9.03m market cap, or US$6.20m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Board Change • Feb 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Brett Smith was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 20
Aruma Resources Appoints Announces Board Changes Aruma Resources Limited announced the appointment of Mr. Glenn Grayson as Managing Director, effective from today's date Mr. Grayson replaces the Company's founding managing director Mr. Peter Schwann who has led the Company since its listing in 2010. Mr. Schwann will remain on the board as a Non-executive Director. Mr. Grayson joined Aruma as the Company's Chief Operating Officer in October last year andhas played a key role, working closely with Mr. Schwann, in advancing the Company's portfolio of prospective lithium and gold assets in Western Australia. As managing director he will be responsible for formulating and implementing the Company's exploration strategy going forward, and the underlying on-ground fieldwork and exploration programs. He will also be responsible for the management of the day-to-day operations of the Company, and key stakeholders including shareholders and the investor market. Mr. Grayson has in excess of 27 years' experience as a geologist and has a strong depth of technical expertise in gold exploration and development in Western Australia and Victoria. He has a proven history of generating resources and reserves through to mining operations. Prior to joining Aruma Mr. Grayson was Exploration Manager for Kin Mining NL for a period of five years. In this position he helped Kin advance their projects from prospect to mining proposal by instituting a technical approach to exploration. Mr. Schwann has been a dedicated managing director of Aruma for period of nearly 13 years since its listing. He managed and led the assessment, acquisition and pegging, and subsequent exploration of numerous projects across a range of different minerals. He built strong relationships with key stakeholders across the business, and also oversaw multiple capital raisings and R&D tax refunds throughout his tenure, which enabled the Company to successfully pursue its exploration activities. Annonce • Jan 12
Aruma Resources Limited Further High-Grade Lithium-Rubidium Intersected at Mt Deans Lithium-Rubidium Project Aruma Resources Limited announced further high-grade lithium-rubidium intersections from its final batches of assays from its recently completed drilling program at the Mt Deans Lithium-Rubidium Project near Norseman, in the lithium corridor of south-eastern Western Australia. Aruma recently completed a second phase of drilling at Mt Deans, which comprised 21 reverse circulation holes for 1,409 metres, to depths of between 20 and 120 metres. Results from the initial two holes (MDR0009 and MDRC0011) have been reported and returned high- grade lepidolite-rubidium micas. The program drilled multiple lepidolite-bearing pegmatite outcrops and resampled previous drilling intersections from Tantalum Australia Limited in 2002. Assay results have now been returned for the remaining 19 holes in Aruma's drilling program, plus results from an additional seven historic holes (which have been re-assayed) and have delivered further high-grade lithium-rubidium results. The program returned lithium-rubidium grades in excess of 2%, with a total of 12 intersections with grades in excess of 1.5% lithium-rubidium, of varying widths. Also of note, is the high potassium values, of up to 3.6%, with significant cesium (up to 0.6%) and tin-tantalum (600ppm and 700ppm). The drilling has confirmed and extended the lithium and high-grade rubidium intersected in multiple pegmatites in Aruma's first phase of drilling in the central part of the project area, and a subsequent rock chip sampling program. Board Change • Oct 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Paul Boyatzis was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 29
Full year 2022 earnings released: AU$0.024 loss per share (vs AU$0.017 loss in FY 2021) Full year 2022 results: AU$0.024 loss per share (further deteriorated from AU$0.017 loss in FY 2021). Net loss: AU$3.24m (loss widened 103% from FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Stanley Elliott was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 13
Insider recently sold AU$485k worth of stock On the 7th of April, Stephen Copulos sold around 3m shares on-market at roughly AU$0.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$292k more than they bought in the last 12 months. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.011 loss per share (down from AU$0.009 loss in 1H 2021). Revenue: AU$459.2k (up 6.4% from 1H 2021). Net loss: AU$1.32m (loss widened 63% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 30
Full year 2021 earnings released: AU$0.017 loss per share (vs AU$0.006 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$640.0k (up 4.1% from FY 2020). Net loss: AU$1.60m (loss widened 467% from FY 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 19
First half 2021 earnings released: AU$0.009 loss per share (vs AU$0.002 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: AU$431.4k (down 22% from 1H 2020). Net loss: AU$810.1k (down AU$879.7k from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Dec 21
Insider recently bought AU$167k worth of stock On the 16th of December, Stephen Copulos bought around 24m shares on-market at roughly AU$0.007 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$543k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 01
Full year earnings released - AU$0.0004 loss per share Over the last 12 months the company has reported total losses of AU$281.4k, with losses narrowing by 83% from the prior year. Total revenue was AU$614.9k over the last 12 months, up 22% from the prior year. 