Aruma holds 100% ownership of four highly prospective gold exploration projects in major, active Australian gold provinces, in WA and NSW.
The Melrose Project consists of ten Exploration Licence Applications (ELAs) and covers a total area of 358km2. It is located approximately 105km south of the mining town of Pannawonica on the border of the Ashburton and West Pilbara Mineral Fields. The project surrounds the million ounce Paulsens Mine owned by Northern Star (ASX:NSR)
The Scotia South Project consists of one Exploration Licence Application (ELA63/2037) and covers an area of 202km2. It is located approximately 200 kilometres south of the major regional centre of Kalgoorlie, and approximately 60 kilometres south of the mining town of Norseman.
The Company also holds the exciting Mount Deans Lithium Tantalum Project (P63/2063) in the in the Mount Deans pegmatite field, approximately 10 km south of Norseman, in the Eastern Goldfields Terrane of the Yilgarn Craton.
The Mount Deans pegmatite field contains several dozens of individual pegmatite sheets and lenses with two on the Aruma Lease over 1.5km long and are rich (up to 2.1% Li2O) and have strong tantalum and tin credits as well as REE.
Two phases of pegmatites are reported and the distal type (Type 2) in the north is considered later (deeper) and is suggested to be closer to a main cauldron or chamber that may host spodumene-rich material desirable for direct shipping as the Esperance Port is less than 200km away on close by rail and road access and is already shipping Lithium Concentrate.