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ARUMA RESOURCES LIMITED — AGM Information 2012
Nov 27, 2012
64273_rns_2012-11-27_7c5808a9-30ce-4fc9-a7c6-00c7c470664b.pdf
AGM Information
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ARUMA RESOURCES
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ARUMA’S GOLD TARGETS
Peter Schwann Aruma Resources Limited – Presentation Managing Director AGM November 28 2012 www.arumaresources.com.au ASX: AAJ
www.arumaresources.com.au
Disclaimer /Competent Person’s Statement
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The information in this presentation:
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was prepared with due care and attention and is current at the date of the presentation;
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is not an offer or recommendation to purchase or subscribe for securities in Aruma Resources Limited or to retain any securities currently held;
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does not take into account the potential and current individual investment objectives or the financial situation of investors;
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the information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Peter Schwann, a full time employee of Aruma, who has sufficient experience to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”;
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Mr Schwann consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears;
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actual results may materially vary from any forecasts (where applicable) in this presentation; and
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before making or varying any investment in securities in Aruma Resources Limited, all investors should consider the appropriateness of that investment in light of their individual investment objectives and financial situation and should seek their own independent professional advice.
ASX: AAJ
www.arumaresources.com.au
Company Rationale
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DRILLING HIGH GRADE GOLD TARGETS
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DRILLING KNOWN GOLD AREAS IN W.A.
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USING NEW TECHNOLOGY TO
– Test previously explored areas with known gold mineralisation – Test covered extensions of known gold mineralisation – Evaluate alteration and mineralisation remotely and cheaply
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ACTIVELY MANAGING ITS LANDHOLDING
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By exploration, applications, options and relinquishing
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ESTABLISH A LOCAL HUB AROUND GLANDORE
ASX: AAJ
www.arumaresources.com.au
Project Locations
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Glandore Project
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40km east of Kalgoorlie‐Boulder
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Fluid Flow model targets to drill
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Glandore Hub (60km radius)
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Glandore, Bulong and Gindalbie projects totalling over 250km[2]
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High Grade targets from Hymap and sampling at Gindalbie
� Jundee South Project
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25km south of Jundee Mine
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New Gold discovery,
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4m @15.37g/t Au, 1m 18.6m
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Drilling defines 400m by 100 m RC target
� Laverton East
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Northern Lease has two HyMap Targets
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New gold zone in previous drilling
www.arumaresources.com.au
ASX: AAJ
Glandore Gold Project
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Strong gold system
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4 Fluid Flow Targets
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On major structures
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PoWs Approved
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Mining leases granted
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Drilling booked
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Good infrastructure
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Land area >57km [2]
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ASX: AAJ
www.arumaresources.com.au
Why we are here – Thickness & Grade
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| Location | Intersection | From |
|---|---|---|
| Axial Planar Fault** | 10m at 10.27 g/t Au 4m at 18.8g/t Au |
58m 103m |
| Supergene Zone (Both these zones at the northern edge of Initial Leases) |
8m at 10.4 g/t Au 9m at 8.37 g/t Au 9m at 3.43 g/t Au 2m at 43 g/t Au 5m at 4.99 g/t Au |
18m 17m 15m 38m 36m |
| Central Fault Zone Aruma Drilling |
9m at 4.22g/t Au 7m at 2.48g/t Au 11m at 2.32g/t Au 2m at 4.77g/t Au |
13m 23m surface 18m |
ASX: AAJ
www.arumaresources.com.au
Glandore drilling targets from Fluid Flow
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www.arumaresources.com.au
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Fluid Flow Study Completed
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Major Structures in Blue
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Yellow Ellipses are gold targets
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PoW approved for western targets
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Heritage Survey completed
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Drilling Booked for year end
ASX: AAJ
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www.arumaresources.com.au
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TARGETS
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This is from a Fly through
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Points to note are
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drilling density and
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size of targets
ASX: AAJ
FLY THROUGH GLANDORE
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Points to note are
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drilling density
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undrilled targets
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size of targets
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Glandore_test_flythrough.wmv
ASX: AAJ
www.arumaresources.com.au
Glandore drilling targets on Geology
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On the major Majestic‐Salt Creek structure
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Good correlation with Geology
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Warm colours = higher flows
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Black ellipses (800m long) define primary targets
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� Historic intersections in yellow solids
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Access negotiation completed
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Drilling rig booked
ASX: AAJ
www.arumaresources.com.au
Jundee South Project
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Located 60km from Wiluna
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2.5km from Jundee Haul Rd
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25km from Jundee Mine
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4 major Lineaments
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• Hymap anomaly on discovery
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905m drilled in October
www.arumaresources.com.au
ASX: AAJ
Jundee South Western Area
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JSR34 has 4m at 15.37g/t Au
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Over 2500m RAB delineates RC Target of 400m by 100m
ASX: AAJ
www.arumaresources.com.au
Jundee South Hymap
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- Lease in Yellow
� Drilling in yellow ellipse
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Hymap
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Goethite Red
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Mica Green
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Chlorite Product Blue
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Structure Clearly shown
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More Targets along structure
ASX: AAJ
www.arumaresources.com.au
Structure and alteration from minerals
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Same minerals as previous slide
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Red = Go, Green = Chlorite and Blue = Phengite
ASX: AAJ
www.arumaresources.com.au
Structure, alteration and geochemistry
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- Chemistry and drilling is successful
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www.arumaresources.com.au
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Look Elsewhere on the Lease
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Chemistry and drilling is successful
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Previous work unsuccessful
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- New targets suggested
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- Drilling gaps are on structures
ASX: AAJ
www.arumaresources.com.au
Glandore Hub Leases
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Leases in a 60km radius of Glandore
ASX: AAJ
www.arumaresources.com.au
Gindalbie Project
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- Project Holding 150km[2]
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45km north of Glandore
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Chip samples up to 25 g/t on Lady Lauren line
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Lady Lauren on Hymap Anomaly
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PoW approved
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Heritage Clearance done
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Drilling in New Year
ASX: AAJ
www.arumaresources.com.au
Gindalbie Project Hyvista Anomaly
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Chip samples up to 25 g/t on Lady Lauren line
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Lady Lauren on Hymap Anomaly
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Hymap anomaly is alteration
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Major SW‐NE Structure with NNW anomaly
ASX: AAJ
www.arumaresources.com.au
Laverton East Project (Paul Well)
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EL Granted
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Leases under shallow cover
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Hymap maps goethite over Gold anomaly
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2m at 4.28 g/t in LEAC 31
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Exploration focus in North Lease
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Hyvista Targets for sampling
www.arumaresources.com.au
ASX: AAJ
Laverton East Project Hyvista
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- North Laverton
South Laverton
- Hymap Targets for sampling
ASX: AAJ
www.arumaresources.com.au
Aruma’s Next Steps
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� GLANDORE
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Fluid Flow Study defines targets on two major structures off the Majestic Structure
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First Phase drilling on the western target areas Heritage cleared and ready to drill
� GINDALBIE
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PoW approved and initial heritage survey completed
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Lady Lauren Hymap Anomaly identified
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Drilling in New Year
� JUNDEE SOUTH
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48m at 1.47g/t (incl. 4m at 15.37g/t) in JSR34
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RC area defined at 400m by 100m of >1g,t Au
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Major Hymap anomalies coincident with structure and Gold
� LAVERTON EAST
- Soils and RAB planned drilling over Hymap anomalies
ASX: AAJ
www.arumaresources.com.au
ARUMA – THE INVESTMENT STORY
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4 Advanced Projects in the proven Eastern Goldfields
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All Projects strategically located
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� Adjacent to established gold producers
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3 programs of RC planned
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� Applied for State Funded drilling
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� Next programs funded
ASX: AAJ
www.arumaresources.com.au
Company Snapshot
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Paul Boyatzis – Non Executive Chairman Experienced in capital and equity markets
Peter Schwann – Managing Director Experienced geologist in exploration and mining
Ki Keong Chong – Non Executive Director Established Lawyer in Asian Finance and Investment Banking
Capital Structure
Shares on Issue 80M Market Capitalisation at 7c $5.6M Cash (31 October 2012) $1.7M Shareholders 400 Top 20 73.7% Hemisphere Resources 50.4%
ASX: AAJ
www.arumaresources.com.au
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ARUMA RESOURCES
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Thank you.
ASX: AAJ
www.arumaresources.com.au