Aruma Resources Limited flagship Slate Dam Project is a world-class exploration target over the highly prospective Norseman-Wiluna greenstone belt.
The overarching goal of ARUMA is to increase shareholder value through the application of modern exploration and advancement of its gold resource projects through to development.
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 $3M in R and D tax offsets in six years.
Aruma was successful in receiving Exploration Incentive Scheme funding for a 1,200m deep diamond hole at the Glandore Gold Project (as well as 500m elsewhere). The drill hole intersected a thick repetitive sequence of mafic and felsic sediments which showed no major structural deformation, a potential host for gold mineralisation, with geochemical analysis revealing alteration and mineralisation based on micro analysis of the cores by world class scientists from CODES in Tasmania.
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 overarching goal of the Company to increase shareholder value through the application of modern exploration advancements to develop gold resource projects through to production.
Since listing the company has held various tenement packages of various commodities however the Company 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 into a Joint Venture Agreement with Southern Gold Limited (ASX:SAU), over the Glandore Gold Project. This agreement will enable the company to potentially receive cashflow faster from a mining company which is already in production.
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