News Articles for Aruma Resources

Aruma Resources has kicked off ground gravity and induced-polarisation geophysical surveys at its Fiery Creek project near Mount Isa in Queensland to test areas of outcropping copper and identify drill targets. The detailed geophysics are part of Aruma's new mission to acquire data of sufficient quality and resolution to enable prospect-scale drill-targeting, which had not been possible with previous geophysical data over the area.

Antimony is the latest critical metal to send the hearts of ASX punters aflutter, but with new "must-have" metals constantly emerging, investors may be feeling just a little confused by the ever-changing landscape. Bulls N' Bears takes a look into the rise and rise of the metal also sometimes referred to as stibnite and the companies jumping on the increasingly raucous bandwagon.

This week's Bulls N' Bears Runner of the Week is … Aruma Resources. The exploration company hit high-grade copper-antimony samples at its Fiery Creek project in Queensland, with its share price jumping on massive volume. Also, Petratherm's stock soared after it discovered titanium-rich heavy mineral sands in South Australia, while other movers-and-shakers this week were Locksley Resources and Enova Mining.

Significant copper-antimony assays from Aruma Resources' Fiery Creek project near Mount Isa in Queensland have sent the company's share price flying on the back of its biggest-ever intraday trading volumes. A surface sampling program at the project has revealed high-grade copper assays alongside significant grades of up to 1 per cent antimony, which is currently a hot commodity on the ASX.

Aruma Resources has acquired three new projects featuring copper and uranium in South Australia and Queensland, adding to the company's three-project rare earths and lithium portfolio in Western Australia. The new projects include the Wilan iron oxide-copper-gold-uranium project on SA's Olympic Dam doorstep and the Queensland-based Fiery Creek copper play and Bortala copper operation that both sit within the State's Mt Isa region.

Aruma Resources has identified high-grade surface sample assays grading up to 36 per cent copper in data acquired from previous explorers in the company's Fiery Creek copper project near Mt Isa in Queensland. The results come from surface rock chip sampling programs carried out across multiple prospects by previous explorers at Fiery Creek which include Sumitomo, Anglo American and MIM (now Glencore).

Aruma Resources has wasted little time in firming up confidence at its new Bortala project in the Mount Isa Copper Belt after an initial appraisal at the site confirmed some promising copper-gold targets. The acquisition revealed only in late May was part of what management described as potentially “company-changing” gains of two copper operations in Queensland and a highly-prospective IOCG and uranium play in SA.

Shares in West Perth-based Aruma Resources closed up 15 per cent on Monday, following news it plans to acquire a series of copper-uranium exploration projects in both South Australia and Queensland.

Aruma Resources is heralding the potentially “company-changing” acquisition of two copper operations in Queensland and a highly-prospective iron oxide-copper-gold and uranium play in South Australia. As part of a share acquisition agreement with NHM Holdings, the company has picked up the Wilan project near Olympic Dam in SA, while also adding the Fiery Creek and Bortala copper operations near Mt Isa in Queensland.

Aruma Resources appears to have landed a decent fish after nailing higher-grade rare earths drill hits and samples at its Salmon Gums project, about 200km south of the regional town of Kalgoorlie in Western Australia's Eastern Goldfields. The company says one surface sample produced the highest recorded rare earths grade to date in the emerging Esperance ionic clay region.

Aruma Resources is putting its shoulder to the wheel to expand the gold and rare earths footprint at its Salmon Gums project in Western Australia's Eastern Goldfields region after completing a 63-hole air-core drilling program. The campaign included 39 holes targeting rare earths, with the other 24 drillholes following up previous drilling to assess gold-bearing lodes at the company's Thistle gold discovery.

Aruma Resources has produced its best rare earths grades to date from its Saltwater project near Newman in Western Australia, with rock-chip assays as high as 1777.5ppm total rare earth oxides (TREO) and soils as high as 1092.5ppm. The company says the area continues to reveal a major volcanogenic massive sulphide system hosting multi-commodity enrichment that will be tested by drilling next year.

Aruma Resources has unveiled a swag of potential targets to follow up for gold and polymetallic mineralisation in the latest soil-sampling results from its Saltwater play in Western Australia's Pilbara region. Sampling across three prospects at the Saltwater project has reaffirmed its potential as being a multi-commodity play for gold and base metals.

Aruma Resources says it has uncovered the presence of a high-grade gold-bearing structure in the latest phase of drilling at the company's Salmon Gums project in Western Australia's Eastern Goldfields region. Assay highlights returned a 5.9m intercept grading 10.5 grams per tonne gold from 38.4m, including 2.6m going 9.85g/t gold from 38.4m and 0.85m at an impressive 40.9g/t gold from 43.4m.

Aruma Resources' deep dive into its Saltwater project in Western Australia's Pilbara region is tossing up a myriad of intriguing high-grade polymetallic targets from first-pass rock-chip sampling. The company's latest results have returned high-grade manganese peaking at 40 per cent, in addition to anomalous vanadium, uranium, iron, lead and zinc tipping into the melting pot of previously-reported anomalous copper, cobalt and rare earths.

Aruma Resources has completed the latest phase of drilling at its wholly-owned Salmon Gums gold project in Western Australia's Eastern Goldfields region, with an initial assessment of drill core showing mineralised quartz veins at the company's high-grade Thistle prospect. Assays from seven competed drilllholes have been sent for laboratory assessment and management is now eagerly awaiting the results.

Aruma Resources is chasing more gold with a multi-hole diamond drilling program at its Salmon Gums project in Western Australia following previous campaigns where the company discovered bonanza grades of up to 224 grams per tonne of gold. The project is in the same stratigraphy and 30km south of Pantoro's Scotia project, which has a mineral resource of 1 million ounces of gold.

Aruma Resources has kicked a goal at the start of its hunt for rare earths at its Saltwater project in Western Australia, with the discovery of significant rare earths mineralisation and cobalt-copper-enriched rocks. Results have reaffirmed the potential for the area to host unconformity heavy rare earths and highlighted the prospectivity for base metals deposits along an interpreted 80km strike length of prospective host rocks.

Our board moves wrap includes Steve Bodon, Andrea Betti, Peter Schwann, Paul Weston, Jeff Swingler, Vincent Algar, Susan Park, Stephanie Majteles, Lip Sin Tee, Lip Jen Tee, Charles Pettit, Krista Bates, Nik Senapati, Jacqueline Murray, Nitin Tyagi, Trevor Benson, Jennifer Neild, Matthew Nixon, Mel Ashton, Robert Mosig, Stuart McKenzie, Joanna Kiernan, Peter Ruttledge, Peter Torre, Andrew Strelein, Dan Lougher, Sara Prendergast, Lucas Welsh, Shannon Coates, Joan Dabon, Jo-Ann Long, Cris Moreno, Francis Wedin, Gavin Rezos, and John Kenny.

Aruma Resources is hunting for unconformity-related rare earths at its Saltwater project in WA's emerging Pilbara province. Fieldwork will consist of detailed mapping and extensive surface sampling through an 80km prospective strike, with work to start at a 15km-long priority radiometric target. Previous results of up to 11 per cent rare earths at the project will give Aruma confidence it could have the real deal.

Aruma Resources has unearthed a new “Rose” prospect, not far from its Thistle target, following a reverse-circulation drill campaign at its Salmon Gums gold project in Western Australia's Eastern Goldfields region. The Rose target was highlighted on the back of positive results that include 1m at 2.3 grams per tonne gold from 27m. The new discovery sits between the company's Thistle and Iris prospects.

Aruma Resources has produced lithium concentrate from early metallurgical testwork at its Mt Deans project, 10km from Norseman in WA. Floatation has recovered 80 per cent of the lithium into 25 per cent of the mass with capture of tantalum, tin, potassium, rubidium and caesium giving the prospect of valuable additional by-products. Further testwork is to be undertaken with fresh outcropping pegmatite samples.

Aruma Resources has set the rods in motion at its flagship Salmon Gums gold project in WA's Eastern Goldfields as it looks to follow up previous bonanza hits of 5m running at 50.2 grams per tonne gold. The exploration program is designed to probe the extent of gold mineralisation at the company's Iris and Thistle prospects which sit along a 4km stretch of greenstone belt housing Pantoro's nearby 3.9 million tonne Scotia deposit averaging 3.6 g/t.

Aruma Resources is set to up the ante in its pursuit of rare earths at its Saltwater project in the Pilbara in Western Australia. The company holds 80km of strike and has tabled previous assays of up to 11 per cent rare earths. Aruma plans to use surface mapping and sampling before geophysical surveys to better define drill targets for unconformity hosted heavy rare earths similar to those in the Athabasca Basin in Canada and the Tanami based Browns Range project.

Our board moves wrap includes Glenn Grayson, Peter Schwann, Greg Fitzgerald, and Benjamin Donovan.

ASX-listed Aruma Resources has appointed Glenn Grayson as the company's new Managing Director where he will be responsible for its ongoing exploration strategy effective from today. Grayson replaces Aruma stalwart Peter Schwann who has led the company since it listed in 2010 and will continue to work in a capacity of a Non-Executive Director.

Senior editor Mark Pownall explains how technology is helping empower Indigenous communities.

Gold and lithium exploration company Aruma Resources' founding leader Peter Schwann has stepped down after more than a decade in the role.

Shares in Aruma Resources soared more than 50 per cent higher during intraday trade after the company confirmed a string of impressive assay results from recent drilling at its Mt Deans project near Kalgoorlie with 12 strikes grading more than 1.5 per cent lithium-rubidium. The results sent the company's share price on a tear to an intraday high of 8.2c from a previous close of 5.3 cents on the highest daily trading volume in nearly a year.

Gold strikes in oxidised shale at Aruma Resources' Melrose project in the Pilbara similar to those found in nearby mines have spurred the company on to keep sniffing around the iron ore-rich region

Aruma Resources has more than quadrupled the greenstone belt width at its Salmon Guns gold project near Esperance to more than three kilometres and will vector in on new drill targets with an aeria

Aruma Resources' latest foray with the drill bit at its Mt Deans project in WA's Goldfields has come up trumps after latching onto more high-grade lithium and rubidium within lepidolite-rich pegmatite veins. Assay results from the first two holes in the 21-hole program returned 7m at 2.03 per cent combined lithium-oxide and rubidium-oxide.

Our board moves wrap includes Paul Boyatzis, James Moses, Alwyn Vorster, Peter Secker, John Henderson, and Rick Deurloo.

Aruma Resources has intersected multiple pegmatites over a 1500m strike length in its latest drilling at the Mt Deans lithium-rubidium project. RC drilling was conducted over the pegmatite swarm where previous drilling returned grades up to 1.14 per cent lithium and 1.05 per cent rubidium. The company says current drilling intersected visual lithium mineralisation identified as the mineral lepidolite.

Aruma Resources has wrapped up a 48 RC hole, 4,784m maiden drilling program at its Melrose Gold Project in the Pilbara targeting historic soil and drilling anomalies along trend from the 1.2-million-ounce Paulsens gold deposit which lies some 5km to the south. The first two holes have been submitted to the assay laboratory with results pending.

Aruma Resources has unleashed its drill rig for a maiden 26-hole RC program at the company's Melrose gold project in WA's Pilbara region as it looks to probe coincident geochemical and structural targets backed by historical gold hits. The first pass drill test will consist of about 3000m of drilling across the project's Gossan Hill prospect and is expected to take two weeks to complete.

Our weekly appointments wrap includes Teck Lim, Glenn Grayson, Anthony Rechichi, Jake Stride, Matthew Johnson and Stephen Smith.

Aruma Resources has kicked off a second phase drilling campaign of up to 1800m over 12 holes at the company's Mt Deans lithium and rubidium project 120km south of Kalgoorlie in WA. The drill holes will pierce down to depths as low as 120m in a follow-up program to first phase drilling and recent rock chip sampling that returned high-grade lithium and rubidium results. Aruma anticipates its work to be completed in mid-October with results to be released in due course.

Ahead of a first phase of RC drilling, mineral explorer Aruma Resources has completed a heritage survey at the company's Melrose gold project in WA's Pilbara region. The survey kicks off its initial exploration campaign at the project's Gossan Hill prospect, 5km north of the revered Paulsens gold mine near Pannawonica. The explorer plans to drill up to 50 of the permitted 200 RC holes in its maiden program, with drilling expected to reach depths of about 100m.

Our board moves wrap includes James Moses, Brett Smith, Mark Elliott, Paul Boyatzis, Mike Young, Grant Davey, Paul Kopejtka, James Sullivan, Michael Fischer, David McEntaggart, Jonathan Lea, Annie Guo, and Michael Higginson.