ASX:AAJ

About Aruma Resources

Aruma Resources Limited was listed on the Australian Stock Exchange in 2010, with the focus of exploring and developing Australian resource projects.

The overarching goal of the Company is to increase shareholder value through the application of modern exploration and advancements of its resource projects through to development. The company also actively reviews value accretive growth opportunities to augment the asset portfolio.

Since listing the company has held various tenement packages of various commodities which have been turned over as diligent exploration requires. The Company is now focussed on gold, specifically within the Norseman-Wiluna Gold Province.

The focus of developing these gold projects has lead the company into a Joint Venture agreement, over one of the project – Glandore – with Southern Gold Limited (ASX:SAU), which will enable the company to potentially receive credits faster, from an miner who is in production already.

Research Driven Exploration

In 2015, Aruma obtained Exploration Incentive Scheme funding for a 1,200m deep diamond hole to investigate stacked lodes in the intrusive rocks of the Glandore Anticline. This drill hole failed to insect any intrusive dolerites, gabbro’s or porphyry’s; however intersected a thick repetitive sequence of mafic/felsic sediments which showed no major structural deformation, a potential host for gold mineralisation.

Further to the correct identification of lithologies the core was sent for analysis which revealed alteration and mineralisation was hydrothermal. The findings of this drilling lead the Company to consider the further opportunities of this area, and adjacent tenements were pegged.

Research Driven Exploration Benefits

Since 2011, Aruma has been able to use an exploration model to generate targets and receive substantial benefits from R & D tax refunds.

Significant returns from R & D tax refunds

  2011 FY 2012 FY 2013 FY 2014 FY 2015 FY TOTAL
Total R&D Expenditure $941,857 $836,682 $1,414,562 $1,149,107 $1,384,515 $5,726,723
% Return 37% 45% 45% 45% 45% 44%
Tax Benefit $353,165 $376,507 $636,553 $517,098 $623,032 $2,506,354