Aruma holds 100% ownership of four highly prospective gold exploration projects in major, active Australian gold provinces, with REE projects in the Pilbara with the gold and one Li-Rb Project at Norseman in the WA Lithium Corridor.
The recently identified Rare Earth Elements potential at Saltwater will probably apply to Melrose, as they are in the same stratigraphy and on the same Nanjilgardy structure with gold and base metals. The recent (ASX:DRE, ASX announcement 7 February 2023) results from Dreadnaught Resources in the Bresnahan Project and historical results from CRAE and U3O8 have confirmed the south Pilbara Basin to be a potential REE Basin.
The Company also holds the exciting advanced Mount Deans Lithium Tantalum Project (P63/2063) in the in the Mount Deans pegmatite field, in WA’s ‘lithium corridor’, approximately 10km south of Norseman, in the Eastern Goldfields Terrane of the Yilgarn Craton.
The lease area is adjacent rail and road links to the established Li exporting port of Esperance 200km away. Aruma has just completed its initial 1,156n eighttwo phase 27 hole RC program in February 2022 with significant >20m thicknesses of pegmatite intersected in the eastern portion of the lease.
The Salmon Gums Project consists of two granted Exploration Licences (EL63/2037 and 2122) and ELA 63/2303 and covers an area of 396km2. It is located approximately 200km south of the major regional centre of Kalgoorlie, and approximately 60km south of the mining town of Norseman.
The Melrose Project consists of 14 exploration licences and one prospecting licence for a total area of 440km2. The project surrounds Black Cat Syndicates’ (ASX: BC8) million ounce Paulsens Mine, approximately 150km west of the mining town of Pannawonica on the border of the Ashburton and West Pilbara Mineral Fields.