Reported Earnings • Mar 16
First half 2026 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2025) First half 2026 results: AU$0.002 loss per share (improved from AU$0.004 loss in 1H 2025). Revenue: AU$519.7k (up AU$477.8k from 1H 2025). Net loss: AU$774.0k (loss narrowed 50% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Duyuru • 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. Duyuru • 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 Duyuru • 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 Duyuru • 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 New Risk • Oct 06
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 20% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m (AU$425k revenue, or US$280k). Market cap is less than US$10m (AU$3.28m market cap, or US$2.16m). New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$2.1m free cash flow). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m (AU$425k revenue, or US$278k). Market cap is less than US$10m (AU$3.28m market cap, or US$2.15m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). New Risk • Jul 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major 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 Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.79m market cap, or US$1.83m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Duyuru • 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 Duyuru • 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 Duyuru • 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 • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$1.5m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.66m market cap, or US$1.68m). New Risk • Mar 07
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$1.40m). Duyuru • 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 (23% 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). Duyuru • 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. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$329k revenue, or US$218k). Market cap is less than US$10m (AU$4.33m market cap, or US$2.88m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). 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 33% per year, which means it is significantly lagging earnings. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$3.6m free cash flow). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.54m market cap, or US$2.33m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Duyuru • 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. Duyuru • 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). 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. Duyuru • 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. Duyuru • 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. Duyuru • Dec 15
Aruma Resources Limited Announces Diamond Drilling Expands Greenstone Footprint to More Than 75Km2 At Salmon Gums Gold Project Aruma Resources Limited announced that its recently completed diamond core drilling program at the Salmon Gums Gold Project, along strike from the Norseman Gold Camp in the Eastern Goldfields region of Western Australia, has expanded the Project's interpreted greenstone footprint to over 75km2. The stratigraphic 2 hole, 701m diamond core drilling delivers major expansion of greenstone belt at Salmon Gums Gold Project in WA's Eastern Goldfields Greenstone width now interpreted to have expanded from 700m to >3km along a >25km strike length for a total greenstone footprint of >75km2 Interpretation of core samples redefine granites as sediments felsic sandstone- wackes and pillowed basalts and siltstone-shales define submarine volcaniclastics Aruma to adopt a dual-focus exploration strategy at Salmon Gums, targeted exploration at the Iris-Thistle trends plus regional assessment of the wider Project area Aeromagnetic survey and ground gravity survey to be conducted in the new year, to generate targets for next phase of drilling - drilling planned for first quarter, calendar 2023 Project area expanded via new contiguous 48 block tenement pegged to cover possible extensions to the west. Duyuru • Nov 23
Aruma Resources Limited Announces First Assay Results from Its Recently Completed Drilling Program At the Mt Deans Lithium-Rubidium Project Near Norseman Aruma Resources Limited announced first assay results from its recently completed drilling program at the Mt Deans Lithium-Rubidium Project nearNorseman, in the lithium corridor of south-eastern Western Australia. Broad spaced drilling and surface sampling by Aruma has identified a thick vertical sequence of lithium and high-grade rubidium bearing pegmatites over a strike length of about 1.5 kilometres. The Company 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. Drilling was designed to examine lepidolite bearing pegmatite outcrops and previous drilling intersections from Tantalum Australia Limited in 2002. The program extended the lithium and high-grade rubidium intersected in the thick vertical pegmatite in Aruma's first phase of drilling in the central part of the project area, and a subsequent rock chip sampling program. Assay results have been returned for the first two holes and have delivered highly positive results with lithium-rubidium content of more than 2% and multiple intersections of greater than 1% Li2O (lithium) and 1% Rb2O (rubidium) over significant widths. Assay results from the remaining holes of Aruma's recently completed drilling, plus results from re- sampling of historic drilling will be released when available. Results have been received from two drill holes to date MDRC09 and MDRC11. These holes have returned high grades above 1% combined Li2O and Rb2O in significant intervals, of 5 metres or more. Two types of pegmatite intersections are evident with high grade lithium (>1.2% Li 2O) intersected in hole MDRC11, along with a "mixed" mafic/pegmatite contact material in hole MDRC09. Drill hole MDRC11 intersected a pegmatite of approximately 5 metres true width, with consistent high-grade Li2O, peaking at 1.67% Li2O. The composited interval for this pegmatite is 7m @ 2.03% Li2O+Rb2O. This consisted of 1.23% Li2O and 0.8% Rb2O over 7m with 0.13% cesium, 378ppm tantalum and 202ppm tin in the pegmatite intersection. Drill hole MDRC09 intersected a mixed zone of altered mafic host rock and pegmatitic material. This zone is interpreted to be a mineralised alteration zone ("alteration zone") on the contact between intrusive pegmatites and the mafic country rock. Within MDRC09, the alteration zone is intersected over 32 metres downhole (at plus 0.8% Li2O+Rb2O), including two higher grade zones of 9m @ 1.23% Li2O+Rb2O and 5m @ 1.05% Li2O+Rb2O. The entire mineralised intersection within MDRC09, including the high-grade intervals is 32m @ 0.83% combined Li2O and Rb2O with a nominal 0.5% lower reported grade. This drill hole followed the contact in an altered zone on the mafic-pegmatite contact and demonstrates the zoned nature of the pegmatites at Mt Deans. The Rubidium/Lithium plot demonstrates that the highest lithium grades were in the pegmatite, but of interest is that the highest rubidium grades were in the contact pegmatite- mafic mix. This may be the rubidium bearing muscovite forming the alteration zone on contacts. The zoning and grade distribution suggests that there are lepidolite rich pegmatites (high Li andRb) and the contact material (low Li and high Rb) with a yet to be identified mineral. Mineralogy will be completed on drill samples to confirm these assumptions. The altered mafic on the pegmatite contact contains quite high rubidium grades but decreased lithium grades indicating a different mineralogy. Duyuru • Nov 07
Aruma Resources Limited Completes Its Maiden Drilling Program At the Melrose Gold Project in the Pilbara Region of Western Australia Aruma Resources Limited announced the completion of its maiden drilling program at the Melrose Gold Project in the Pilbara region of Western Australia. The Melrose Project is 5km north of the Paulsens Gold Project (acquired by Black Cat Syndicate from Northern Star Resources). Aruma commenced its maiden drilling program at the Project and has now completed the full program of 48 reverse circulation (RC) holes (to depths of around 100 metres) for 4,784 metres, on 10 lines of drlling. Aruma's drilling was designed to define gold grades and controls on mineralisation along with lithology, mineralisation types, metallurgy and stratigraphy. The first two completed holes have already been sent for laboratory analysis and the remaining will be submitted for assay in the coming week. Results will be released when available. Drilling targeted the priority Gossan Hill Prospect, located 5km north of the Paulsens Gold Mine. The maiden program followed historic RC drilling at Gossan Hill which returned significant, thick gold intersections in limonite after carbonate, including; 27m @ 0.3g/t Au from surface in hole PGHRC22; 18m @ 0.26g/t Au from 63 including 1m at 1.44g/t from 63m and 11m @ 0.42g/t Au from 8m including 1m at 2.74g/t from 14m. These highly anomalous historic drill results are located in a strong 50ppb gold anomaly, within a favourable structural setting with similarities to the nearby Paulsens deposit. The target zone was an east-west structure in a folded carbonate-shale-greywacke sequence interpreted as being similar to Paulsens. Aruma's drilling intersected ironstones in the west, intermittent quartz veing and tourmaline-sulhides in the south-east holes on the boundary of the geochemical anomally. Duyuru • Oct 10
Aruma Resources Limited Announces Maiden Drilling Program Underway At Melrose Gold Project Aruma Resources Limited announce the commencement of its maiden drilling program at the Melrose Gold Project in the Pilbara region of Western Australia. Drilling will target the priority Gossan Hill Prospect at the Melrose Project,located 5km north of the Paulsens Gold Mine. The maiden program is designed to follow-up historic reverse circulation (RC) drilling at Gossan Hill which returned significant, thick gold intersections, including; 27m @ 0.3g/t Au from surface in hole PGHRC22. 18m @ 0.26g/t Au from 63 including 1m at 1.44g/t from 63m and 11m @ 0.42g/t Au from 8m including 1m at 2.74g/t from 14m. These highly anomalous historic drill results are located in a strong 50ppb gold anomaly, within a favourable structural setting with similarities to the nearby Paulsens deposit. Aruma's drilling will aim to define gold grades and controls on mineralisation along with lithology, mineralisation types, metallurgy and stratigraphy. The target zone is an east-west structure in a folded carbonate-shale-greywacke sequence interpreted as being similar to Paulsens. Aruma has a PoW (program of works) for 200 reverse circulation (RC) holes and will drill 26 holes on 5 lines in the initial program, which may be extended depending on results, to 50 RC holes across 10 drill lines. Drilling will be to depths of around 100 metres. Drilling is expected to be completed in the current month and results will be released when available. Duyuru • Oct 07
Aruma Resources Limited, Annual General Meeting, Nov 09, 2022 Aruma Resources Limited, Annual General Meeting, Nov 09, 2022, at 09:00 W. Australia Standard Time. Location: The celtic club, 48 Ord Street, West Perth West Perth Australia Agenda: To consider the adoption of remuneration report; to discuss the re-election of director James Moses; to discuss the re-election of Brett smith; and to consider the approval of additional 10% capacity. Duyuru • Oct 03
Aruma Resources Limited Appoints Glenn Grayson as Chief Operating Officer Aruma Resources Limited announced the appointment of Mr. Glenn Grayson as Chief Operating Officer. Mr. Grayson will play a key role in advancing Aruma's portfolio of prospective lithium and gold assets in Western Australia, and will work closely with managing director Peter Schwann to maximise the value of the project portfolio. He will assume a leadership role in the Company's field work and exploration programs, including exploration strategy, and planning and executing its exploration programs. 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 also has extensive experience in advanced terrain modelling and GIS development for Australia's armed forces. Mr. Grayson has a proven track record of generating resources and reserves through to mining operations in the goldfields of Western Australia and Victoria. He is also well versed in exploration in volcano-sedimentary terranes and all the statutory requirements to allow development. Prior to taking on the role with Aruma, Mr. Grayson, was Exploration Manager for Kin Mining NL for the past five years. In this position he helped Kin advance their projects from prospect to mining proposal by instituting a technical approach to exploration. 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 9% per year, which means it is significantly lagging earnings. Duyuru • Aug 17
Aruma Resources Limited Announces Successful Completion of the Heritage Survey at the Melrose Gold Project in the Pilbara Region of Western Australia Aruma Resources Limited announced the successful completion of the Heritage Survey at the Melrose Gold Project in the Pilbara region of Western Australia, and plans for the commencement of the Company's maiden drilling program at the Project. Aruma's first phase of drilling at the Melrose Project will target the priority Gossan Hill Prospect, located 5km north of the Paulsens Gold Mine. Drilling is designed to test highly anomalous historic reverse circulation (RC) drilling results located in a strong 50ppb gold anomaly, within astrong structural target at Gossan Hill. This first phase of drilling will seek to define rock types, mineralisation types, metallurgy and stratigraphy, along with gold grades and controls.The drilling contractor is expected to mobilise to site in late September for the commencement of drilling. The target zone is an east-west structure in a folded carbonate-shale-greywacke sequence. Aruma plans to drill up to fifty of the permitted two hundred RC holes in the initial program, with drilling to depths of around one hundred metres. Gossan Hill is located 5.5 Km NNW of Paulsens mine. Two programs of 13 RC drill holes were completed totaling 1591m. Numerous moderate sized outcrops of silicified gossan, quartzveining and silicification (or Fe-overprint of dolomite dragged down the fault zone) are aligned sub-parallel to two N-S trending bounding faults, which traverse the lower contactof the Duck Creek Dolomite. An historic soil grid returned a significant gold anomaly associated with the gossan between bounding faults. Drill holes were designed to target the outcropping gossan and bounding faults, as well as supplement historic drilling which had returned low grade Au. Drilling failed to intercept significant (High Grade) mineralisation.However, PGHRC004 and PGHRC0022 encountered anomalous gold associated with ferruginous ironstone units and quartz veins. Current interpretations attribute theseanomalous patches to supergene enrichment possibly from a local feeder zone yet to be defined and numerous interpretations exists including epithermal mineralisation alongundulating faults whose inclination has great influence on mineralisation. At this stage no further exploration is planned. The Gossan Hill target was defined by a 500m by 120m soil anomaly (50ppbAu contour) adjacent to the shallow-dipping contact between Fortescue Group Pyradie Formation mafic tuffs and Wyloo Group Duck Creek Dolomite. Quartz veining and gossanous outcrop is evident within the dolomite host. Due to the orientation of the geochemistry anomaly, transverse to the stratigraphic contact, drilling was designed to test a north-northwest trending structure. Duyuru • Jul 22
Aruma Resources Limited Announces Executive Changes Aruma Resources Limited announced the following Retirement and Succession to its board of directors. Aruma advises that Non-executive Director, Mark Elliott will retire from his position on 1 August, to focus on other business opportunities. James Moses and Brett Smith will join the board as Non-executive Directors on this date. Non-executive Chairman, Paul Boyatzis has also informed the board he intends to retire from his position at the Company's Annual General Meeting, (scheduled for November 2022), to focus on his portfolio of other business interests. Post the AGM, Mr. Moses will assume the role of Non-executive Chairman. Between 1 August and the Company's AGM, Mr. Boyatzis will facilitate a smooth and efficient transition of the board, of which the Company is appreciative. Mr. Boyatzis has played a pivotal role in the stewardship and direction of the Company from its listing in 2010 and has been an integral member of its leadership team. He oversaw the successful listing of Aruma, and in subsequent years helped lead the Company through a number of capital raisings plus corporate and project negotiations. Dr. Elliott joined the Aruma board in 2017. His technical expertise as a geologist with more than 40 years' experience, and his strong corporate skillsets have been valuable to Aruma during his tenure with the Company. James Moses has an extensive background in investment markets in a career spanning 31 years. He is the founder and managing director of a Australian bespoke investor relations and corporate communications practice for public companies.Prior to this, he was Investor Relations Manager for a major national public relations firm. He has also previously worked as a business and finance journalist. His career began in the investment markets, where he held multiple business development roles with leading global fund managers over a period of 15 years and was also a private client adviser for a high-net-worth investment advisory firm. Brett Smith is a geologist with more than 30 years' experience in the mining and exploration industry, where he has held numerous senior executive and management positions, and consulting roles. He has extensive, specific expertise in exploration and resource definition, and hasoverseen resource projects across a diverse range of commodities in Australia and international jurisdictions. Mr. Smith is currently Managing Director of nickel-focused exploration and development company Corazon Mining Limited, and a Non-executive Director of diversified exploration company TG Metals Limited. He has a BSc (Honours) in Geology from the James Cook University of North Queensland and is a Member of the Australasian Institute of Mining and Metallurgy, Member of the Australian Institute of Geoscientists and a Member of the Australian Institute of Company Directors. Duyuru • Jul 06
Aruma Resources Limited Expands Gold Project Portfolio Aruma Resources Limited announced that it has expanded its portfolio of gold exploration assets via the pegging of the Carter Well Gold Project, east of Mt Magnet in the Murchison region in Western Australia. The Carter Well Project (Exploration Licence Application E58/590) is located 75km east of Mt Magnet, and north of the Windimurra Intrusive Complex. It covers an area 294km2 and represents a potential new Greenfields gold opportunity for Aruma. The Company is excited to add the Carter Well Project to its portfolio of prospective gold exploration assets in WA. Carter Well is interpreted to exhibit characteristics consistent with Aruma's sediment-hosted gold model. Aruma has recently delivered exploration success pursuing greenstones in granite at its Salmon Gums Gold Project, near Norseman in the Eastern Goldfields, where it reported bonanza gold intersections of; 5m @ 50.2g/t Au from 42m in hole SGRC39 including 3m @ 83g/t Au from 42m. The Company plans to conduct on-ground fieldwork, and drill targeting and definition as soon as the Exploration Licence has been granted, which it plans to be followed with a maiden drilling program. A Heritage agreement with the Traditional owners of the Project area has been signed. Overview of Prospectivity; Research by Aruma has identified the Carter Well Project as a potential new Greenfieldsgold opportunity. The Project is interpreted as being located on a major East-West trending dolerite dyke, with intruding Greenstones. Additionaly, magnetics suggest the presence of folded volcanics under laterite cover. The nearby Windsor and Paynesville gold mines are situated in similar rocks as those interpreted at the Carter Well Project area. Previous drilling by Chevron targeting uranium, in 1974, reported mafics and ultramafics in the northern area of Carter Well, in an area between granite outcrops. There are no gold assays and the water was moderate brackish with Total Dissolved Solids (TDS) of 5,000 to 6,000. Duyuru • Jun 04
Aruma Resources Limited Announces Next Phase of Drilling Commences At Salmon Gums Gold Project Aruma Resources Limited announced that the next phase of drilling has commenced at the Salmon Gums Gold Project near the mining town of Norseman in the Eastern Goldfields region of Western Australia. Aruma plans to drill up to three diamond core holes in the program, with drilling to depths of around three hundred metres. Drilling is designed to provide a deeper geological understanding of the Salmon Gums Project. The program will generate core samples to allow for definition of rock types, mineralisation types, metallurgy and stratigraphy, along with gold grades and controls. This program will follow-up Aruma's maiden wide-spaced reverse circulation (RC) drilling program at Salmon Gums which returned exceptional high-grade gold intersections including; 5m @ 50.2g/t Au from 42m in hole SGRC39 including; 3m @ 83g/t Au from 42m; and 1m @ 224g/t Au from 44m. The Salmon Gums Project (EL63/2037, EL63/2122) covers a total area of 222km2, and is located 200km south of Kalgoorlie, and 60km south of the mining town of Norseman. The Project is situated 30km south and directly along strike in the same stratigraphy as Pantoro Limited's rapidly expanding high grade Scotia Gold Project. Aruma completed a total of 6,243m of RC drilling in its maiden drilling program at Salmon Gums. This consisted of an initial 2,298m in thirty three holes and a follow-up phase of drilling for 3,945 metres in thirty-nine holes. That program reported exceptional high-grade results and further reinforced Aruma's exploration model for the potential for the Projectto host a large gold system. Significant mineralisation was intersected over a 4.3km strike and on granite-mafic contacts, which greatly increases the target zones for the whole project. Fault/dome areas were identified in the north of the Project plus the multiple high-grade zones at the Thistle- Iris trends are very promising. The interpreted cross section of the Thistle Line shows the stratigraphic contact position of the mineralisation with the granitic and ultramafic units, typical of lode structures. Duyuru • May 30
Aruma Resources Limited Announces High-Grade Lithium-Rubidium Results at Mt Deans Project Aruma Resources Limited announced high-grade lithium and rubidium results at its 100%-owned Mt Deans Lithium Project (P63/2063) in the lithium corridor of south-eastern Western Australia. Aruma has returned high-grade lithium of up to 1.96% Li2O (lithium oxide) and very high-grade rubidium of up to 1.42% Rb2O (rubidium oxide), plus cesium values up to 1,550ppm, from a surface rock chip sampling program targeting. Refer Figure 1 for rock chip sample locations and Table 1 for results. A total of 11 rock chip samples along a 500m strike were taken after the recently completed first phase of the Company's maiden drilling program at Mt Deans, which delivered positive results including high- grade rubidium. The rock chip sampling program was designed to test for strike extensions to the interpreted pegmatite zone at Mt Deans which has a strike length of at least 1,500m (Figure 1), and help refine targets for the second phase of the maiden drilling program. The sampling results indicate a strong positive relationship with Aruma's lithium and rubidium drilling results at Mt Deans. This is further supported by results from previous rock chip sampling which also delivered high-grade results, of up to 2.1% Li2O. Aruma is now making plans to complete the remaining 1,800 metres across 12 holes in the maiden drilling program at Mt Deans as a priority. 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. Duyuru • Apr 22
Aruma Resources Limited Announces Results from Its First Phase of Drilling At it's Maiden Drilling Program at the Mt Deans Lithium Project Aruma Resources Limited announced results from its first phase of drilling at the Company's maiden drilling program at the Mt Deans Lithium Project in the lithium corridor of south-eastern Western Australia. A total of 1,156 metres of reverse circulation (RC) drilling in eight holes was completed in the first phase of the maiden drilling program, which has delivered highly positive results including high-grade rubidium. The first phase of drilling has defined an interpreted strike length of at least 1,500 metres, which remains open at both ends. Drilling targeted the priority Mt Deans `main section' and has defined a thick vertical pegmatite, with pegmatite intersected in every hole. The program returned more than a dozen intersections grading higher than 0.5% Li2O from the eight holes drilled to date, and also returned high-grade rubidium, grading up to 1.05% Rb2O (Rubidium Oxide), with elevated tin, tantalum and cesium. Based on the results from the first round of drilling at Mt Deans, Aruma will make immediate plans to complete the remaining 1,800 metres across 12 holes of this maiden drilling program. Rubidium is a high-value technology metal typically found in hard rock pegmatites. The current price of Rubidium Carbonate, the most widely used form of rubidium, is $1,059.65/kg. It has multiple uses and applications, including in solar panels, fibre optic cables, GPS systems and night vision equipment, as well as sodium-ion batteries. The rubidium results exhibit a strong relationship with the lithium assay results from the drilling at Mt Deans and has the potential to add significant value to the Project, and will become a core focus, in parallel with lithium, in future exploration at Mt Deans. 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 17
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. Duyuru • Mar 03
Aruma Resources Limited Announces First Pass Drilling Completed at Mt Deans Lithium Project Aruma Resources Ltd. (AAJ) (Aruma or the Company) announced that is has completed its first phase of drilling in the Company's maiden drilling program at the Mt Dean Lithium-Tantalite Project in the lithium corridor of south-eastern Western Australia. Aruma has completed 1,156 metres of reverse circulation (RC) drilling ineight holes of a planned 3,000 metre first drilling program at Mt Deans and is excited to report highly encouraging initial results. Drilling has targeted the priority Mt Deans `main section' and has intersected pegmatite in every hole, with a highlight being the discovery of a near-surface 25 metre thick, vertical body of solid pegmatite, from a depth of just 17 metres. The first phase of drilling has indicated a strike length of up to 500 metres, which remains open at both ends. The targeted lithium mineral, spodumene has been visually identified in the drill cuttings. Assays have now been submitted for laboratory analysis, and the Company eagerly awaits the results. Duyuru • Feb 15
Aruma Resources Limited announced that it expects to receive AUD 3.1 million in funding Aruma Resources Limited announced a private placement of 31,000,000 shares at a price of AUD 0.01 per share for gross proceeds of AUD 3,100,000 on February 15, 2022. The transaction will include participation from sophisticated and professional investors including returning investor Mr. Stephen Copulos. Duyuru • Jan 22
Aruma Resources Limited Provides an Exploration Update Aruma Resources Limited provided the following update on exploration activities, including preliminary results from drilling at the Company's Salmon Gums and Saltwater Gold Projects in Western Australia. Following a recent share price and volume query from the ASX, Aruma announces an update on preliminary drilling results from reverse circulation (RC) drilling programs at the Salmon Gums and Saltwater Projects. The results reported in this announcement represent only a portion of the total assay results across both programs. The remaining results remain subject to laboratory analysis, the timing of which is unknown by the Company. All results are required to be received and a thorough interpretation undertaken, and the results in this announcement are preliminary results, and should be viewed in this context. Samples were sent for laboratory analysis from the recently completed first-phase drilling at the Salmon Gums Project and the second phase of drilling at the Saltwater Project in the Pilbara region of WA. A total of 53 RC drill holes were completed in the first-phase drilling at the Salmon Gums Project in the Goldfields region and the second phase of drilling at the Saltwater Project in the Pilbara region, and more than 4,100 samples across both projects have been sent for ChrysosTM Photon Assay method gold analysis. These results are from the first 28 holes (some 2,140 samples of 4,170 samples total) of a total of 53 holes, with assays from a further 25 holes (1,030 assays) still to be received. The Salmon Gums Project (EL63/2037, EL63/2122) covers a total area of 222km2, 200km south of Kalgoorlie, and 60km south of the mining town of Norseman. The Project is situated 30km south and directly along strike in the same stratigraphy as Pantoro Limited's rapidly expanding high grade Scotia Gold Project. The Company recently completed its first phase of drilling at Salmon Gums, which consisted of 2,298m of RC drilling in a total of 33 holes on E63/2037. Drilling consisted of four lines of wide-spaced drilling of magnetic targets in the south of the Project area, plus closer-spaced confirmation drilling (of 15 holes across four lines) in the area around historic intersections. Assay results have been received from 21 of the 33 holes, and reinforce Aruma's exploration model for the potential presence of a large gold system with thick, low tenor anomalism intersected in the targeted southern areas of the Project. Drilling has intersected granites and greenstone rocks including sediments, mafic and ultramafic rocks. Talc chlorite shears and quartz veining have been observed. Assay results received to date have been encouraging with broad intervals of low-level anomalous gold in several holes including; 0.21g/t Au in hole SGRC0009; and a thickest value of, 38m at 0.12g/t Au from 23 metres to EOH in SGRC0010. A total of 15 of the 21 holes assayed to date have recorded a gold value of greater than 0.1 g/t Au in the hole. The anomalous results with drill-holes with better than a combined 1 gram-metre define a broad anomalous zone striking 2.3 kilometres in a south-south-west direction from the Thistle Prospect and with a thickness of 100 to 200 metres. Aruma expects to receive the remaining assays from the drill at Salmon Gums in the near future. Aruma also advises that the next phase of drilling at the Salmon Gums Gold Project commenced in January 2022 and 23 holes have been drilled to date. This second-phase, follow up, program will be up to 5,000m of RC drilling in around 50 holes to drilling depths of 100m (with up to 15 lines of drilling and up to 5 holes in each line). The Company also completed its second phase of drilling at Saltwater in late November 2021, which consisted of 1,872m of RC drilling in a total of 20 holes. Assay results have been received for 7 holes. These results are low tenor and further modelling and interpretation will be undertaken when the complete assay results are available. Aruma eagerly awaits the commencement of drilling at the Mt Dean Lithium Project, situated in the lithium corridor of south-east WA. Confirmation has now been received from the drilling contractor that the drill rig is expected to be onsite in February to start the first phase of drilling at the Project, of up to 3,000m of RC holes. Aruma views the Mt Deans Project as being highly prospective for lithium minerals, as wells as tantalum and rare earth element (REE) minerals. Previous exploration has identified swarm pegmatites over a strike length of 1 kilometre. Aruma also advises it has now received the fully executed Heritage Agreement with the PKKP Native Title Aboriginal Corporation in respect of the Melrose Project in the Pilbara region. The Company has submitted a works program for Heritage Approval for a planned first phase of drilling. Duyuru • Dec 16
Aruma Resources Limited Commences Drilling At Mt Deans Lithium Project Aruma Resources Limited announced that the first phase of drilling at the Mt Deans Lithium- Tantalite Project (P63/2063) in the Goldfields region of Western Australia is scheduled to commence this month. The Mt Deans Project sits within WA's lithium corridor in south-east WA, which hosts multiple significant hard-rock lithium projects. It is interpreted to sit within the same host rocks and structures as the significant nearby Mt Marion, Bald Hill and Buldania Lithium Projects. The Project is situated in the Mt Deans pegmatite field, within the Eastern Goldfields Terrane of the Yilgarn Craton, approximately 170 kilometres south of the major regional centre of Kalgoorlie, and approximately 10 kilometres south of the mining town of Norseman. Aruma views the Mt Deans Project as being highly prospective for lithium minerals, as wells as tantalum and rare earth element (REE) minerals. Previous exploration has identified swarm pegmatites over a strike length of 1 kilometre. A drilling contractor has been engaged, a drill rig has been confirmed and all requisite approvals for drilling have been granted. The first phase of drilling at Mt Deans will comprise approximately 3,000m of reverse circulation (RC) drilling to a depth of up to 200m (in pegmatite), with holes spaced approximately 50 metres apart, to confirm the presence of a thick pod of pegmatite interpreted from convergent dips seen in historic drilling. The maiden drilling program is designed to intersect an interpreted pegmatite chamber or `cauldron'. The drill rig is a track mounted unit that will meet the access requirements at the drill targets. Subject to results, the Company plans to investigate the potential for the Project to host direct shipping lithium ores, given its location adjacent to the Coolgardie-Esperance Highway and rail infrastructure which provides direct access to the Port of Esperance rail hub. Combined, these offer the potential for significant transport and infrastructure advantages. Aruma also advises that the next phase of drilling at the Salmon Gums Gold Project (EL63/2037, EL63/2122) in WA's Goldfields is planned to commence in January 2022. The Company recently completed its first phase of drilling at Salmon Gums, which consisted of 2,298m of RC drilling in a total of 33 holes. This was made up of four lines of wide-spaced drilling of magnetic targets in the south of the Project area, plus closer- spaced confirmation drilling (of 15 holes across four lines) in the area around historic intersections at the Thistle Prospect. The proposed second-phase, follow up, program will be up to 3,000m RC drill program, of around 30 holes to drilling depths of 100m - with up to 10 lines of drilling and up to 5 holes in each line. Land access agreements cover the main portion of the known gold-in-soils anomalies, where historic drilling returned intersections of up to 7m at 2.74g/t Au in T26R002. The Salmon Gums Project covers a total area of 222km2, 200km south of Kalgoorlie, and 60km south of the mining town of Norseman. The Project is situated 30km south and directly along strike in the same stratigraphy as Pantoro Limited's rapidly expanding high grade Scotia Gold Project. Assays have been sent for laboratory analysis from the recently completed first-phase drilling at the Salmon Gums Project and the second phase of drilling at the Saltwater Project in the Pilbara region of WA. A total of 53 RC drill holes were completed on these program, and more than 4,000 samples from both projects have been sent for Chrysos Photon Assay method gold analysis. Duyuru • Dec 09
Aruma Resources Limited Announces Completion of Drilling Programs at Saltwater and Salmon Gums Projects Aruma Resources Limited announced the completion of its current phase of drilling at both the Saltwater Gold Project in the Pilbara region of Western Australia and the Salmon Gums Gold Project in WA's goldfields. In total, Aruma has completed fifty-three reverse circulation (RC) drill holes across the two prospective gold exploration projects. Assays from both projects have been sent for laboratory analysis, and results are expected to be received in early 2022. Saltwater Gold Project Drilling: At the Saltwater Project, the Company has completed its second phase of drilling. The program consisted of 20 RC holes for 1,872m. It was designed to expand on the positive results from the eastern target zone in the successful first phase of drilling, which resulted in the identification of a potential new gold camp. The second phase of drilling at Saltwater tested the carbonate/shale fault boundary within the Nanjilgardy Fault at the Project area, which is a similar structure to Kalamazoo Resources' Mt Olympus Gold Project in the region. The results will be released when available. The drill samples will be assayed using the ChrysosTM Photon Assay method, which is expected to result in a quicker turn-around time for the availability and release of results. Salmon Gums Gold Project Drilling: Aruma also advised that it has completed the first phase of its maiden drilling program at the Salmon Gums Gold Project (EL63/2037, EL63/2122) in WA's Goldfields. The program comprised 2,298m of RC drilling across thirty-three holes. This included eighteen holes across four lines of wide spaced drilling at magnetic targets in the south of the Project area, and closer spaced confirmation drilling of fifteen holes across four lines in the area around historic intersections at the Thistle Prospect. The first of two target areas is south of the current known mineralisation, outside the geochemical survey area, and the second target centred on historic intersections in the Thistle Prospect. Aruma is encouraged by carbonate sericite pyrite alteration evident in mafic-to-ultramafic host rocks, which is consistent with the Company's exploration model at the Salmon Gums Project. The remainder of the planned program, of up to 3,000m across up to thirty holes (in up to eight lines of drilling with up to five holes in each line) is planned to be undertaken in the new year. The Salmon Gums Project covers a total area of 222km2, 200km south of Kalgoorlie, and 60km south of the mining town of Norseman. The Project is situated 30km south and directly along strike in the same stratigraphy as Pantoro Limited's rapidly expanding high grade Scotia Gold Project. Duyuru • Nov 24
Aruma Resources Limited Announces Completion of Heritage Survey At Mt Deans Lithium Tantalite Project Aruma Resources Limited announced the completion of the Heritage Survey at the Mt Deans Lithium Tantalite Project (P63/2063) in the Goldfields region of Western Australia - the final approval for drilling at the Project Aruma views Mt Deans Project as being highly prospective for lithium minerals, as wells as tantalum and rare earth element minerals. Previous exploration has identified swarm pegmatites over a strike length of 1 kilometre. The first phase of drilling at Mt Deans will comprise approximately 3,000m of reverse circulation drilling to confirm the presence of a thick pod of pegmatite interpreted from convergent dips seen in historic drilling. The program is designed to intersect an interpreted pegmatite chamber or `cauldron'. Drilling is planned to a maximum hole depth of 200 metres, with holes spaced approximately 50 metres apart. The Company will advise of the commencement of drilling. The Mt Deans Project sits within the lithium corridor in south-east WA, which hosts multiple significant hard-rock lithium projects. It is interpreted to sit within the same host rocks and structures as the significant nearby Mt Marion, Bald Hill and Buldania Lithium Projects. The company also advised that the next phase of drilling at the Saltwater Gold Project in the Pilbara region of WA commenced this week. Drilling is planned to consist of 20 RC holes for approximately 2,000m. It will follow-up the successful first phase of drilling, which resulted in the definition of a potential new gold camp Drilling is designed to test the carbonate/shale fault boundary at Saltwater, a similar structure to Kalamazoo Resources' Mt Olympus Gold Project in the region. The program is expected to take two weeks to complete, and results will be released when available. A close spaced aeromagnetic survey has been completed over the eastern section of the targeted Saltwater Dome and will be integrated into the existing base maps. The full Dome will then be mapped and sampled in the new year. Reported Earnings • Sep 29
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. Duyuru • Aug 20
Aruma Resources Limited Provides Update on Plans for Drilling At Mt Deans Lithium Project Aruma Resources Limited provided the following update on plans for its maiden drilling program at the 100%-owned Mt Deans Lithium Project, near Norseman in south-east Western Australia. Aruma views the Mt Deans Project (P63/2063) as being highly prospective for lithium minerals, as wells as tantalum and rare earth element (REE) minerals. Previous exploration has identified swarm pegmatites over a strike length of 1 kilometre. The Project sits within the lithium corridor in south-east WA, which hosts multiple significant hard-rock lithium projects. It is interpreted to sit within the same host rocks and structures as the significant nearby Mt Marion, Bald Hill and Buldania Lithium Projects. The Company advises that a comprehensive flora and fauna survey has been completed at Mt Deans. This was a key requirement for the Program of Work (PoW) for the planned drilling at Mt Deans. The survey was conducted by leading environmental firm Botanica Consulting Pty Ltd, and did not identify any plant or animal life that could impede the exploration planned for the project area. With the flora and fauna survey now complete, Aruma has submitted an updated PoW for drilling and expects this drilling to commence next month. The drill targets for the maiden program have been confirmed, and drilling contractors have been engaged. Site preparations will be completed in the near future. Plans for Mt Deans Drilling Program The Mount Deans pegmatite field covers an area of 6 kilometres north-to-south and 4 kilometres in extension east-to-west, and comprises multiple individual pegmatite sheets and lenses. It is Archaean in age and hosted in the north-south trending Dundas Hill greenstone belt. Aruma plans to conduct an initial 12 reverse circulation (RC) hole drilling program at the Mt Deans Project. Drilling is planned to a maximum hole depth of 200 metres, with holes spaced approximately 120 metres apart, and is designed to intersect an interpreted cauldron or pegmatite chamber. The Company plans to investigate the potential for the Project to host direct shipping lithium ores, given its location adjacent to the Coolgardie-Esperance Highway and rail infrastructure which provides direct access to the Port of Esperance rail hub. Combined, these offer the potential for significant transport and infrastructure advantages. About the Mt Deans Lithium Project: The Mt Deans Project encompasses Prospecting Licence P63/2063 and covers an area of1.44km2 in the Mt Deans pegmatite field, which is part of the Eastern Goldfields Terrane of the Yilgarn Craton. The Project is located approximately 170 kilometres south of the major regional centre of Kalgoorlie, and approximately 10 kilometres south of the mining town of Norseman. The geology at Mt Deans presents as potentially analogous to that of Liontown Resources' world-class Kathleen Valley Lithium-Tantalum Project in the Mid-West region of WA, where the lithium mineralisation is hosted within spodumene-bearing pegmatites. Rock chip samples have been previously reported from Mt Deans which returned high-grade lithium oxide (Li2O) results with high tantalum (Ta) and other rare earth elements (REE). The Mt Deans area has a swarm of 71 recognised pegmatites covering 4.5 by 1.5 kilometres trending north, north-west (as discussed in Amit Eliyahu's University of Western Australia thesis on the Mt Deans pegmatite). The pegmatites range from 500 to 2000 metres in length and 0.3-7.5 metres thick, with some being 20 metres thick. Duyuru • Jul 07
Aruma Resources Limited Reports Historic High-Grade Gold Intersections from Drilling At its Scotia South Gold Project Scotia in the Goldfields Region of Western Australia Aruma Resources Limited reported historic high-grade gold intersections from drilling at its Scotia South Gold Project Scotia in the goldfields region of Western Australia. The results come from a review of historic data sets from previous drilling conducted by Pan Australian Exploration Pty Ltd. (Pan Australian) in the 1990s. These results were highly encouraging and have helped Aruma define drill targets for the Company's maiden drill program at Scotia South, which is scheduled to commence in the current quarter. The Scotia South Project has only been partially drill tested for gold, by Pan Australia, which identified soil anomalies which are coincident with the target area for Aruma's first phase of drilling. A complete historic data package has been sourced by Aruma. The Company will also conduct geophysics and geochemical programs plus mapping and soil sampling programs to refine drill targets. Aruma plans to undertake a maiden 3,000m RC drill program at the Project, comprising five lines of drilling with six holes in each line. Exploration Licence (E63/2037) was granted in the previous quarter, and land access agreements covering an area of approximately 40km within the Project area have been submitted to local landowners, which will facilitate the commencement of drilling in the initial targeted areas. The signed agreements covering most of the anomalies have been received. A Program of Works (PoW) for the planned drilling has been submitted to the WA government, and a drill rig has been booked to commence drilling upon granting of requisite approvals. Aruma's initial assessment of the Scotia South Project has identified three priority drill targets, which will be the focus of the first phase of drilling. The Company plans to test these initial targets with regional drilling (along roads initially) with follow-up drilling to target defined anomalies. Aruma continues to aggressively explore its three West Australian gold projects, located in active gold domains, and the Mt Deans Project in WA's `lithium corridor' in the Eastern Goldfields terrane of the Yilgarn Craton, to deliver value to shareholders. Highlights: Review of historic data sets at the Scotia South Gold Project has identified high-grade drilling intersections. Drilling results on geochemical anomalies include; 7m at 2.71g/t Au in T26R002; 3m at 3.02g/t Au in T26R058; 1m at 5.60g/t Au in T26R054. Historic data reaffirms Aruma's exploration model for Scotia South. Aruma's first phase of drilling at Scotia South planned to commence in the current quarter. PoW for drilling submitted and landholder access agreements covering most of the anomalies have been signed. Geophysics and geochemical programs plus mapping and soil sampling to be conducted to refine drill targets. Project extended by new Exploration Licence covering anomaly extensions in the south-west of the project area. Duyuru • Jul 03
Aruma Resources Limited Announces Approval for Programme of Works for Drilling At the Melrose Gold Project's Gossan Hill Target Aruma Resources Limited announced that the programme of works for drilling at the Melrose Gold Project's Gossan Hill target has been approved. The company also announced that it has expanded the Saltwater Gold Project with new exploration licence (ELA52/3966), which covers the highly prospective Spinifex Dome structure contiguous with the Saltwater Project. The new electromagnetic (EM) domal structure was discovered from a newly purchased geophysical dataset. The information was used to apply for E52/3966 which covers most of the structure. The company has received encouraging results from the compilation of this historical geophysical data utilising all available geophysics over the Saltwater Gold Project and has also commenced an EM survey program to fill in the gaps in the existing geophysical data. To date, the company has focused exploration on the Saltwater "Ring" or Dome Structure, a large 60km2 magnetic and EM defined domal structure within E52/3818 at Saltwater. The company's first phase of drilling at Saltwater successfully identified a potential new gold camp, analogous to Kalamazoo Resources' Mt Olympus gold deposit to the west. The newly identified Spinifex Dome structure is of similar size to the Saltwater Ring and is covered by the large new ELA (ELA52/3966). Follow-up drilling is planned at Saltwater for the current quarter, with the newly processed geophysical and geochemical data refining the proposed drill targets. The PoW for a maiden drilling program at the priority Gossan Hill target at the Melrose Project has been approved, and drilling is also planned for the current quarter. The Melrose Project comprises 14 Exploration Licences (8 granted and 6 Exploration Licences Applications) over a total project area of 381km2, and is strategically located adjacent to and surrounding Northern Star Resources' Paulsens Gold Mine. The company plans to undertake a 3,000 metre Reverse Circulation (RC) drill program in a first phase of drilling at Melrose, targeting the Gossan Hill target. Drilling will consist of five lines of six holes. It will now conduct geophysics and geochemical programs plus mapping and soil sampling programs to refine drill targets ahead of the maiden drilling program. Heritage clearance will also be sought prior to the commencement of drilling. Duyuru • Jun 09
Aruma Resources Limited to Commence 2021 Field Season Aruma Resources Limited announce details of its 2021 field season at its portfolio of strategically located 100% owned gold projects, and the Mt Deans Lithium Project, in Western Australia. Aruma is focused on aggressively exploring its three Western Australian prospective gold projects, located in active gold domains, and the Mt Deans Project in WA's `lithium corridor' in the Eastern Goldfields terrane of the Yilgarn Craton, to deliver value to shareholders. The Company plans to undertake targeted drilling programs at all projects in its 2021 field season, which is scheduled to commence this month. The key Exploration Licences (EL) at the Melrose Project have now been granted (E08/3183, E08/3184, E08/3188, E08/3210 E08/3219, E08/3244, E47/4362 and E47/4414) following presentations by the Company to the traditional owners in late May. The Project now comprises eight granted Exploration Licences (with four additional licences still to be granted), over an area of 200km2, adjacent to and surrounding Northern Star Resources' Paulsens Gold Mine. The trend north of Paulsens, combined with the eastern extension of the Merlin stratigraphic trend, now extends for over 13km within the Melrose Project area, and hosts multiple priority targets. The project area will be explored with the help of the PKKP group who will be involved in the sampling of new areas. The opportunity to work with all the stakeholders will be influential in the progress of the project. With the licences granted, Aruma will now commence plans for a maiden 3,000 metre Reverse Circulation (RC) drill program at the priority Gossan Hill target. This program will consist of five lines of six holes. Drilling is expected to commence in the following quarter, upon completion of geophysics and geochemical programs plus mapping and soil sampling to refine drill targets. The thin PL47/1985 also adds to the extent of E46/4414. The addition of E08/3210 by the success in the ballot also adds to the coverage of the main structure to the south. Aruma completed a maiden 40 hole - 4,518m RC drilling program at the Saltwater Project in the previous quarter, which resulted in the definition of a potential new gold camp. Based on the encouraging results of the initial program, the Company plans to conduct a second phase of drilling at Saltwater, consisting of 2,000 metres - across four lines of drilling with five holes on each line. This drilling will focus on two target areas, to follow-up and test stratigraphic and increasing grade trends from the first-pass program. Drilling is planned for the following quarter, after the interpretation of geophysics and geochemical data to refine drill targets. The Scotia South Gold Project consists of Exploration Licence EL63/2037, and covers an area of 202km2. It is located approximately 200 kilometres south of the major regional centre of Kalgoorlie, and approximately 60 kilometres south of the mining town of Norseman. Aruma plans to undertake a maiden 3,000m RC drill program at the project, comprising five lines of drilling with six holes in each line. Drilling is expected to commence in the following quarter, after geophysics and geochemical programs as well as mapping and soil sampling have been undertaken to refine drill targets. The Exploration Licence has been granted, and an area of approximately 40km2 within the project area has been covered by land access agreements with local landowners and the Esperance Shire which will facilitate the early commencement of drilling in the initial targeted areas. Duyuru • May 04
Aruma Resources Limited Provides Exploration Update Aruma Resources Limited provided the following update on activities at its portfolio of prospective gold projects and also the Mt Dean Lithium Project. Melrose Gold Project area expanded with the strategic addition of two licence applications - E08/3351 and PL08/802; New licences will consolidate Aruma's ground position in the area Melrose now comprises 12 ELAs and PL and covers 370km2; Exploration Licence at Scotia South Gold Project granted access agreements to be completed; Aruma plans conduct a regional RAB drill program in its first phase of exploration at Scotia South to be followed-up with RAB-RC drilling; All Exploration Licences granted at Capital Gold Project in NSW and a reconnaissance exploration program planned in current quarter; Flora and Fauna survey underway at Mt Deans Lithium-Tantalum project; and all projects will be fully covered by geophysics baseplans. Aruma advised that it has expanded its landholding at the Melrose Gold Project in the Pilbara region of Western Australia, via the addition of a new exploration licence application (ELA) and prospecting licence (PL) - E08/3351 and PL08/802. The new licences represent strategic additions to the Melrose Project area and further consolidates Aruma's substantial ground holding in the area. The Project now comprises 12 ELAs and one PL, and covers a total area of 370km2, adjacent to and surrounding Northern Star Resources' Paulsens Gold Mine. The trend north of Paulsens, combined with the eastern extension of the Merlin stratigraphic trend, now extends for over 13km within the Melrose Project area. Aruma has conducted a field orientation visit to the Melrose Project, including the Gossan Hill area, and access has been checked in preparation for future drilling programs. The nearby Paulsens area was also visited and the rock types confirmed as greywackes to shales. All of the Project's ELAs have been recommended for Native Title Determination. Aruma will commence on-ground exploration, which will include a maiden drill program once the licences have been granted. Details of proposed works programs will be announced in due course. The Scotia South Gold Project consists of Exploration Licence ELA63/2037, and covers an area of 202km2. The Exploration Licence has now been granted, and this will now allow access agreements to be reached with the local shire and landholders. An area of approximately 40km2 will require access agreements. The Scotia South Project is located approximately 200 kilometres south of the major regional centre of Kalgoorlie, and approximately 60 kilometres south of the mining town of Norseman. The Scotia South area is yet to be drill tested for gold, but exhibits alteration and quartz veining together with a strong arsenic anomaly in the centre of the Project area. Aruma's initial assessment of the Project has identified three priority drill targets, which will be the focus of the Company's first phase of exploration at Scotia South. The Company plans to test these initial targets with regional RAB drilling (along roads initially) with follow-up RAB-RC drilling after access agreements give full access to defined anomalies. 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 45% per year, which means it is significantly lagging earnings. Duyuru • Feb 17
Aruma Resources Limited Announces Initial Assay Results from Drilling Program at Saltwater Gold Project, in the Pilbara Region of Western Australia Aruma Resources Limited announced initial assay results from 37 holes of the 40 hole 4,518m maiden reverse circulation (RC) drilling program at the Saltwater Gold Project, in the Pilbara region of Western Australia. The company's maiden drilling program at Saltwater focused on outcropping areas on the western end of the Saltwater Ring Structure, a large 60km magnetic ring structure that sits within E52/3818 at Saltwater. Drilling was conducted over four short, closer-spaced lines which targeted the anomalous western area of the Saltwater Ring Structure. The program also comprised wider-spaced (regional) longer lines, to the east, which targeted the covered ring structure/splay. Nine holes totaling 900m, in two lines of drilling, were completed in this area. Intersections grading up to 1.26g/t gold have been received from drilling at the historic Saltwater mining area. The nine wider-spaced extension holes have identified a significant supergene blanket in excess of 200 metres wide. The results are highly encouraging and extend over a strike length of 4 kilometres, and indicate the discovery of a possible new gold camp on the ring structure at Saltwater. This ring structure will be investigated by further drilling. Significant drill intersections, above >0.3g/t. Holes 27-29 are yet to be received, and will be reported when available. The rationale behind the recently completed Saltwater drilling, with the western drill lines located over the historic gold area, and the eastern lines positioned over the splay and Nanjilgardy Fault, under cover. The western splay coincides with AVRC24 anomaly, alteration and historic nuggets. The eastern splay targeted areas of deep weathering and paleochannels. The close-spaced drilling targeted old workings at the historic Saltwater mining area within the recently identified and prospective Mt McGrath Formation, which hosts Mt Olympus Gold Mine. The wider-spaced drilling targeted the extension of the contact and structure under cover some 3km east. The supergene blanket seen in the East Lines is located almost 4km from the Saltwater cluster and highlights the potential for a significant system - with the intersection of 4m at 0.47g/t in hole SRC 32. 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. Duyuru • Dec 18
Aruma Resources Limited Announces Two Phases of Drilling Completed At Saltwater Gold Project Aruma Resources Limited announced the completion of its 4,518m maiden RC drilling program at the Saltwater Gold Project, in the Pilbara region of Western Australia. The drilling contractor Ausdrill has completed 40 drill holes of which 31 targeted the old mining area within the Saltwater Project for 3,618m of RC drilling. This initial drilling program focused on the outcropping areas on the western end of the Saltwater Ring Structure, a large 60km2 magnetic ring structure that sits within E52/3818 at Saltwater. Drilling was conducted over four lines. These four, short, closer-spaced lines were concentrated on the identified anomalous western area of the Saltwater Ring Structure. The wider- spaced (regional) longer lines to the east targeted the ring structure/splay under cover. This part of the program was completed for 9 holes totaling 900m in two lines as shown. Assay results from the Saltwater drilling are expected in January/February 2021 and will be announced to the market once they become available. Aruma has program of works (PoW) approval for up to 20,000 metres of drilling at the Saltwater Project and will make plans for further phases of drilling, subject to results from the initial program. In addition, the Melrose and Scotia South Gold Projects are also moving towards granting. The western splay coincides with AVRC24 anomaly, alteration and historic nuggets. The eastern splay, which is currently being drilled is targeting areas of deep weathering and paleochannels. Duyuru • Nov 25
Aruma Resources Limited Commences Drilling at Saltwater Gold Project Aruma Resources Limited announced the commencement of its first phase of drilling at the Saltwater Gold Project, in the Pilbara region of Western Australia. Aruma advises that the contractor Ausdrill commenced drilling on November 23, 2020, with the maiden program consisting of up to 5,000 metres of reverse circulation (RC) drilling. The drilling program will target the outcropping areas on the western end of the Saltwater Ring Structure, a large 60km2 magnetic ring structure that sits within E52/3818 at Saltwater (drill target area is outlined in red). The exposed historic mining area is Aruma's initial priority exploration target. Drilling is planned over eight lines of drilling. The five short closer spaced lines are concentrated on the identified anomalous western area, and the wider-spaced regional longer lines to the east will target the ring structure/splay under cover. Drilling is anticipated to take approximately 25 days to complete and results are expected in late January 2021, and will be announced to the market once they become available. Aruma has program of works (PoW) approval for up to 20,000 metres of drilling at the Saltwater Project and will make plans for further phases of drilling, subject to results from the initial program. Duyuru • Nov 11
Aruma Resources Limited Update on Saltwater Gold Project Drilling Plans Aruma Resources Limited provide the update on its plans for the first phase of drilling at the Saltwater Gold Project. The Saltwater Gold Project consists of the eight granted Exploration Licences for a total area of 701km2. The Project is located approximately 100 kilometres south-west of the regional mining center of Newman. The Project area covers a strike extent of more than 65km of the highly significant Nanjilgardy fault (Figure 1), the same regiona structure reported as the primary source of gold mineralisation a Northern Star Resources' (ASX: NST) Paulsens Gold Mine and the Mt Olympus Gold Mine in the region. Aruma advises that its drilling contractor Ausdrill expects to commence the maiden, 5,000 metre reverse circulation (RC) drilling program at the Saltwater Project in the last week of November. Drilling is anticipated to take approximately 25 days to complete and results are expected in late January 2021. Duyuru • Oct 20
Aruma Resources Limited Plans Maiden Drilling Program At the 100%-Owned Saltwater Gold Project in the Pilbara Region of Western Australia Aruma Resources Limited announced plans for its maiden drilling program at the 100%-owned Saltwater Gold Project in the Pilbara region of Western Australia. Aruma has completed its initial phase of field work at Saltwater. This consisted of a mapping program and sampling program at the priority Saltwater Ring Structure target, a large 60km2 magnetic/conductivity anomaly. Highlights: All eight leases are now granted at Saltwater Gold Project; Aruma plans to undertake a maiden reverse circulation drill program of up to 5,000m at the Saltwater Gold Project to commence in the current quarter; Mapping and sampling programs completed at Saltwater have successfully defined priority drill targets; Drilling will target the Saltwater Ring Structure which is a large 60km 2 magnetic/conductivity anomaly; Program of Works for drilling has been submitted, Heritage Agreement is in place and drilling contractors sought; Airborne Conductivity Surveys completed at Melrose Gold Project -preliminary results confirm presence of alteration in-line with Aruma's exploration model; Initial local stakeholder meetings introduce Aruma's vision for exploration in the Capital Project in NSW. 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. Duyuru • Sep 24
Aruma Resources Ltd Provides Update on Progress At Its 100%-Owned Saltwater and Melrose Gold Projects in the Pilbara Region of Western Australia Aruma Resources Ltd. (AAJ) provided the update on progress at its 100%-owned Saltwater and Melrose Gold Projects in the Pilbara region of Western Australia. The Saltwater and Melrose Project areas cover a large strike extent of more than 85km of the highly significant Nanjilgardy fault, the same regional structure reported as the primary source of gold mineralization at Northern Star Resources' Paulsens Gold Mine and the Mt Olympus Gold Mine in the region. Heritage Agreement signed at Saltwater Project - Exploration underway Aruma advises that Heritage and Survey Agreements have been signed with the Indigenous Land Use Agreement (ILUA) Claimant group for the Saltwater Gold Project, which has facilitated the re- commencement of exploration at Saltwater. The first phase of exploration at Saltwater is again underway, with a detailed mapping program (in line with the agreements for the project area) and a low-impact sampling program at targeted, priority exploration areas. These are designed to define initial drilling targets atthe Project. These sampling and mapping programs will target outcropping areas at a large 60km2 elliptical magnetic/conductivity structure known as the Saltwater Ring Structure. This work will focus on identifying the stratigraphic and alteration controls of mineralisation identified by previous explorers to quickly identify drilling targets. The Company will then apply for programs of work (PoW) and other regulatory approvals required for drilling, ahead of the first phase of drilling at Saltwater which it plans to commence in fourth quarter, calendar year 2020. Melrose Project area expanded: Aruma has expanded the Melrose Gold Project with the addition of a new Exploration Licence (ELA08/3210), which is situated on the Paulsens Structure and complements the existing Melrose project area. The new licence was awarded after a successful ballot process. It covers an area of 32km and hosts multiple, strong geophysical anomalies and represents a strategic addition to the Melrose Project area. The anomalies at the new licence area will be priority targets for Aruma's first phase of exploration at Melrose. 