AAJ - Aruma Resources

[Joe Blow]

Through its 100%-owned Glandore, Kurnalpi South, Laverton East and Jundee South Projects, Aruma Resources (AAJ) will control a consolidated regional tenement package of approximately 374km² in the prospective region to the east of Kalgoorlie-Boulder, east of Laverton and to the east of Wiluna.

The Company is focused on discovering high-grade, high-margin resources.The flagship Glandore Project in the Eastern Goldfields is prospective for several styles of gold mineralisation and contains a number of small historic high-grade mines.

http://www.arumaresources.com.au

 

[greggles]

Anyone know why Aruma Resources is up over the last couple of days? Volume has increased quite a bit. I'm not seeing any news. What am I missing?

 

[greggles]

Aruma Resources announced today the discovery of new large, high grade gold anomalies at the company's 100%-owned Slate Dam Gold Project in the Eastern Goldfields of Western Australia.

Here are the details:

AAJ finished the day up 28.57% at 2.7c.

 

[frugal.rock]

Hilarious that this announcement is not marked market sensitive in this current climate of lithium frenzy. ?


8 February 2022

ARUMA COMMENCES DRILLING AT
MT DEANS LITHIUM PROJECT

Highlights

• First phase of drilling has commenced at Mt Deans Lithium Project

• Program to consist of up to 3,000m RC drilling to a depth of up to ~200m - with holes spaced ~50m apart

• Drilling designed to confirm the presence of a thick pegmatite pod and intersect an interpreted pegmatite chamber or ‘cauldron’

• Aruma views the Mt Deans Project as being highly prospective for lithium, tantalum and REE minerals

• Project situated in the lithium corridor in south-east WA - is interpreted to sit within the same host rocks as the Mt Marion, Bald Hill and Buldania Lithium Projects

• Previous exploration identified swarm pegmatites over a 1km strike length; and

• Returned high-grade rock chip samples of up to 2.1% Li2O, and
555.9ppm Ta2O5 (tantalum pentoxide).

3 year chart, weekly bars.

 

[greggles]

AAJ has gone ballistic in the last few weeks, doubling from around 10c to a high today of 19.5c. It has just entered a "pause in trading" this morning pending a further announcment and my guess would be the forthcoming announcement will be a response to an ASX speeding ticket.

 

[rcw1]

Good evening
Some movement today (19/01/23), in the manner of a 25.97% gain ... Not sure why. Laid dormant for approx 9 months ... and today a spark ha ha ha ha; somebody knows something.

Have a very nice evening.

Kind regards
rcw1

 

[Dona Ferentes]

Good evening
Some movement today (19/01/23), in the manner of a 25.97% gain ... Not sure why. Laid dormant for approx 9 months ... and today a spark ha ha ha ha; somebody knows something.

Pegmatites, son; pegmatites .

 

[noirua]

** May 28, 2024 -[New Horizon Metals] NHM Holdings (Australia) Pty Ltd ("NHMHA") acquired by Aruma Resources Limited (ASX: AAJ)
Power Metal Resources PLC LSE AIM: POW, the London-listed exploration company seeking large-scale metal discoveries across its global project portfolio announced a Merger Agreement (the "Merger") on 15 December 2022.
The Merger included Power Metal's Wilan Project and additional licences in the Mt Isa region of Queensland to form NHMHA with Power Metal owning 20% of NHMHA Issued Share Capital. NHMHA created a Uranium / Copper focused vehicle.

Following the successful completion of due diligence, ASX listed Aruma Resources Limited ("Aruma") (ASX: AAJ) announced a conditional agreement for the acquisition of 100% of NHMHA on 27 May 2024, providing Power Metal with exposure to Uranium and Copper exploration potential on the ASX Markets.

As consideration for the acquisition, Aruma proposes to issue the following to NHMHA shareholders:

· 26.5 million fully paid AAJ ordinary shares, which will be subject to a voluntary escrow period of 6 months from the date of issue;

· 24.5 million options each non-transferable and exercisable into one ordinary AAJ share for a nil exercise price upon Aruma securing program for environment protection and rehabilitation (PEPR) approval for drilling at the Wilan Project in South Australia, and obtaining any other necessary approvals to conduct drilling at the Wilan Project; and

· 28 million options each non-transferable and exercisable into one ordinary AAJ share for a nil exercise price upon AAJ reporting an aggregate drilling intercept (in one drill-hole) of 3m at >600ppm U308, or at least 20m at >0.8% Cu or metals equivalent at one of the new projects.

AAJ will also pay a 2% net smelter royalty to NHMHA shareholders over any minerals extracted and sold from the tenements.

 

[noirua]

Aruma Resources: Https://themarketonline.com.au/asx-aaj/ Website: Https://www.arumaresources.com/​

Aruma Resources (ASX:AAJ) expands gold mineralised footprint at Salmon Gums, WA

Aruma Resources (ASX:AAJ) has expanded its gold mineralised footprint following its latest phase of drilling at the Salmon Gums project in WA

themarketonline.com.au

May 26, 2023 2023 - Aruma Resources (ASX:AAJ) expands gold mineralised footprint at Salmon Gums, WA​

• Aruma Resources’ (AAJ) latest assays expand its gold mineralised footprint at the Salmon Gums gold project in WA’s Eastern Goldfields
• Aruma’s 44-hole reverse circulation program and 894-hole auger drill program aimed to follow up a previous “bonanza-grade” gold intercept of 224 grams per tonne (g/t) gold
• Highlights from the work included one metre at three g/t gold from a depth of 71 metres at Iris, while a new target was discovered, dubbed Rose
• Aruma plans to launch a diamond drilling program to continue its project explorations
• AAH shares are down 17.1 per cent, trading at 6.3 cents at 11:40 am AEST