Aruma Resources Limited (ASX: AAJ) is an ASX-listed minerals exploration company currently focused on the exploration and development of a portfolio of prospective gold projects in the Eastern Goldfields of Western Australia. The Company’s asset portfolio also includes the Mt Deans Lithium Project in the Eastern Goldfields.
Aruma aims to deliver value for shareholders by deploying a research-driven exploration approach in order to deliver new discoveries across its project portfolio.
Aruma has been tuning a proven genetic gold model for West Australian greenstone hosted gold deposits developed by its MD over the last 30 years in worldwide and Australian locations. The use of this model has been tuned using the latest advances in remote sensing and geometallurgy and has been used by Aruma to recover some $4M in R and D tax offsets from $9M exploration in nine years.
Aruma has been successful in obtaining Exploration Incentive Scheme funding for deep diamond holes at several locations. The use of new Airborne Electromagnetic (AEM) technology has defined multiple new gold targets that have just been drill tested at Slate Dam and Beowulf gold projects.
Aruma aims to use recent developments in exploration science to aid the company with the pursuit for gold deposits in the Goldfields, in both undercover and undiscovered greenstone belts.
Aruma Resources Limited was listed on the Australian Stock Exchange in 2010, with the central rationale to increase shareholder value through the application of modern exploration advancements to develop gold resource projects through to production.
The Company has pegged and evaluated various tenement packages in different commodities but is now focused on gold, specifically within the Western Australian Gold Provinces. The Company is actively reviewing growth opportunities to augment the asset portfolio.
The focus of developing these gold projects has led the Company to joint venture, sell and relinquish projects ensuring a steady flow of opportunities with a significant return of exploration costs recouped through R&D tax incentives.
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