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ARUMA RESOURCES LIMITED Capital/Financing Update 2021

Jul 5, 2021

64273_rns_2021-07-05_2fb0d7ec-9f09-4ee8-8406-939f63b7e773.pdf

Capital/Financing Update

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06 July 2021

High-grade gold intersections at Scotia South

Highlights

  • Review of historic data sets at the Scotia South Gold Project has identified high-grade drilling intersections

  • Drilling results on geochemical anomalies include;

  • 7m at 2.71g/t Au in T26R002

  • 3m at 3.02g/t Au in T26R058

  • 1m at 5.60g/t Au in T26R054

  • Historic data reaffirms Aruma’s exploration model for Scotia South

  • Aruma’s first phase of drilling at Scotia South planned to commence in the current quarter

  • PoW for drilling submitted and landholder access agreements covering most of the anomalies have been signed

  • Geophysics and geochemical programs plus mapping and soil sampling to be conducted to refine drill targets

  • Project extended by new Exploration Licence covering anomaly extensions in the south-west of the project area

Aruma Resources Limited (ASX: AAJ) (Aruma or the Company) is pleased to report historic high-grade gold intersections from drilling at its Scotia South Gold Project Scotia in the goldfields region of Western Australia.

The results come from a review of historic data sets from previous drilling conducted by Pan Australian Exploration Pty Ltd (Pan Australian) in the 1990s. These results were highly encouraging and have helped Aruma define drill targets for the Company’s maiden drill program at Scotia South, which is scheduled to commence in the current quarter.

The project area is located along strike of the exciting Scotia discoveries by Pantoro Limited (ASX: PNR). These discoveries have been in four stratigraphic zones and have both thickness and grade.

The Scotia South Project has only been partially drill tested for gold, by Pan Australia, which identified soil anomalies which are coincident with the target area for Aruma’s first phase of drilling (as shown in Figure 1).

A complete historic data package has been sourced by Aruma. The Company will also conduct geophysics and geochemical programs plus mapping and soil sampling programs to refine drill targets.

ASX: AAJ

Capital Structure

106M Shares on Issue 22M Options on issue CASH $2.7M

Board of Directors

Non-Executive Chairman Paul Boyatzis

Managing Director Peter Schwann

Non-Executive Director Mark Elliott

Company Secretary Phillip MacLeod

Exploration Manager Stephen Denn

Gold Projects -1,696km[2]

Norseman

SCOTIA SOUTH - 222km[2] Pilbara

MELROSE - 381km[2] SALTWATER -652km[2]

NSW Lachlan Fold Belt CAPITAL - 358km[2 ] Li Ta Project -Norseman MT DEANS 1.44 km[2]

Head Office

Level 1, 6 Thelma Street West Perth, WA 6005 T +61 8 9321 0177 F +61 8 9226 3764

E [email protected] W www.arumaresources.com

Postal Address

PO Box 152 West Perth, WA 6872

ABN 77 141 335 364

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021

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Drill Planning

Aruma plans to undertake a maiden 3,000m RC drill program at the Project, comprising five lines of drilling with six holes in each line.

Exploration Licence (E63/2037) was granted in the previous quarter (ASX announcement, 4 May 2021), and land access agreements covering an area of approximately 40km[2] within the Project area have been submitted to local landowners, which will facilitate the commencement of drilling in the initial targeted areas. The signed agreements covering most of the anomalies have been received.

A Program of Works (PoW) for the planned drilling has been submitted to the WA government, and a drill rig has been booked to commence drilling upon granting of requisite approvals.

Aruma’s initial assessment of the Scotia South Project has identified three priority drill targets (circled in Figure 5), which will be the focus of the first phase of drilling. The Company plans to test these initial targets with regional drilling (along roads initially) with follow-up drilling to target defined anomalies.

Aruma continues to aggressively explore its three West Australian gold projects, located in active gold domains, and the Mt Deans Project in WA’s ‘lithium corridor’ in the Eastern Goldfields terrane of the Yilgarn Craton, to deliver value to shareholders.

About the Scotia South Gold Project

The Scotia South Gold Project consists of Exploration Licence EL63/2037 and has now been expanded with the addition of a new Exploration Licence ELA63/2122. The project now covers an area of 222km[2] . Including the new south-west extension of the initial drill target area.

The Project is located approximately 200 kilometres south of the major regional centre of Kalgoorlie, and approximately 60 kilometres south of the mining town of Norseman. More significantly it is some 30km directly along strike of Pantoro Limited’s rapidly increasing high grade Scotia gold Project, which has now some four lines of high-grade deposits and prospects.

The initial licence was pegged to investigate the continuation of the Norseman - Scotia stratigraphy to the South. The acquisition of the digital data of the Pan Australian Exploration Pty Ltd (Pan Australian) reports for the Yilgarn Extension Project (1998 MINEDEX Report A54463) revealed not only defined geochemistry anomalies but also high-grade gold intersections.

The significance of this historical data is that it shows that the anomalous historic gold geochemistry is effective and traces the geology and confirms Aruma’s exploration model for the Scotia South Project.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Figure 1: Scotia South Project on 1VD RTP magnetics showing gold occurrences with stratigraphy continuity and the suggested target areas as the ellipses.

The use of the geochemistry to locate the very significant intersections in TR26002 and TR26054 demonstrates the prospectivity of the Scotia South Leases as shown in Figure 2. The initial model target ellipses contain the soil anomalies and the high-grade intersections.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Figure 2: Scotia South Project on 1VD RTP magnetics showing the Pan Australian (1998) gold anomalies defined (red >10ppbAu) and to be sampled (white) with the gold discovery (Figures 4 to 7) shown.

Figure 2 clearly shows the effectiveness of the geochemical soil sampling carried out by Pan Australian. The samples were taken based on a study of RAB drill chips by consultant regolith specialist Dr Louisa Lawrence. Soil samples were collected from the from the consolidated carbonate rich portion of the soil after removal of unconsolidated aeolian sands. Figures 3 and 4 shows how this was used to site the discoveries detailed below. Aruma will be extending the surveys as shown by the white ellipses in the Figures 1 to 3.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Figure 3: Scotia South Project on total magnetic anomaly showing Pan Australian (1997) gold anomalies defined (red) and to be sampled (white) with the gold discovery (Figures 4 to 7) shown.

Figure 3 clearly shows up the magnetic-geological control of the >10ppbAu anomaly and the drill intersections which are detailed in Tables 1 and 2 below.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Hole ID Easting
(m)
Northing
(m)
Drill
Type
Azimuth
(degrees)
Dip
(degrees)
From
(m)
Downhole
Metres
Av Au
g/t
TR26002 378325 6361400 RAB 270 -60 36 7 2.71
including 36 5 3.48
TR26008 378600 6361800 RAB 270 -60 30 1 0.30
TR26008 378600 6361800 RAB 270 -60 36 1 0.40
TR26008 378600 6361800 RAB 270 -60 40 4 0.42
TR26009 378625 6361800 RAB 270 -60 36 1 0.38
TR26015 379900 6363400 RAB 270 -60 36 4 0.39
TR26029 380175 6364600 RC 270 -60 48 2 0.38*
TR26036 379575 6365800 RC 270 -60 28 4 0.35
TR26054 378275 6361400 RC 90 -60 51 1 5.60
TR26058 378325 6361600 RC 270 -60 9 3 3.02
TR26058 378325 6361600 RC 270 -60 14 1 1.78
TR26058 378325 6361600 RC 270 -60 21 1 1.41

Table 1 Pan Australian historical intersections greater than 0.3g/t Au, from average of all Au assay data including repeats. No high cut used, maximum Au value of 11.0 g/t in data set. * indicates assay extends to end of hole.

Hole ID
Easting
(m)
Northing
(m)
Drill
Type
Azimuth
(degrees)
Dip
(degrees)
From
(m)
TR26002
378325
6361400
RAB
270
-60
36
TR26007
378575
6361800
RAB
270
-60
24
TR26008
378600
6361800
RAB
270
-60
29
TR26008
378600
6361800
RAB
270
-60
34
TR26008
378600
6361800
RAB
270
-60
40
TR26009
378625
6361800
RAB
270
-60
36
TR26014
379875
6363400
RAB
270
-60
36
TR26015
379900
6363400
RAB
270
-60
36
TR26022
380075
6363800
RAB
270
-60
28
TR26024
380125
6363800
RAB
270
-60
20
TR26024
380125
6363800
RAB
270
-60
48
TR26029
380175
6364600
RC
270
-60
44
TR26036
379575
6365800
RC
270
-60
28
TR26042
379600
6366200
RC
270
-60
44
TR26043
379625
6366200
RC
270
-60
24
TR26044
378550
6367800
RC
270
-60
44
TR26054
378275
6361400
RC
90
-60
51
TR26058
378325
6361600
RC
270
-60
9
TR26058
378325
6361600
RC
270
-60
14
TR26058
378325
6361600
RC
270
-60
16
TR26058
378325
6361600
RC
270
-60
21
Table 2
Pan Australian historical intersections greater than 0.1 g/t Au,
high cut,
* indicates assay extends to end of hole.
Hole ID Easting
(m)
Northing
(m)
Drill
Type
Azimuth
(degrees)
Dip
(degrees)
From
(m)
Downhole
Metres
Av Au
G/T
TR26002 378325 6361400 RAB 270 -60 36 10 1.94
TR26007 378575 6361800 RAB 270 -60 24 4 0.14
TR26008 378600 6361800 RAB 270 -60 29 2 0.25
TR26008 378600 6361800 RAB 270 -60 34 4 0.23
TR26008 378600 6361800 RAB 270 -60 40 4 0.41
TR26009 378625 6361800 RAB 270 -60 36 3 0.22
TR26014 379875 6363400 RAB 270 -60 36 4 0.22
TR26015 379900 6363400 RAB 270 -60 36 4 0.39
TR26022 380075 6363800 RAB 270 -60 28 8 0.11
TR26024 380125 6363800 RAB 270 -60 20 8 0.26
TR26024 380125 6363800 RAB 270 -60 48 2 0.14*
TR26029 380175 6364600 RC 270 -60 44 6 0.26*
TR26036 379575 6365800 RC 270 -60 28 4 0.35
TR26042 379600 6366200 RC 270 -60 44 4 0.15
TR26043 379625 6366200 RC 270 -60 24 4 0.17
TR26044 378550 6367800 RC 270 -60 44 4 0.20
TR26054 378275 6361400 RC 90 -60 51 1 5.6
TR26058 378325 6361600 RC 270 -60 9 3 3.02
TR26058 378325 6361600 RC 270 -60 14 1 1.78
TR26058 378325 6361600 RC 270 -60 16 1 0.1
TR26058 378325 6361600 RC 270 -60 21 1 1.41
no internal

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Figure 4: Gold anomaly on drill hole plan with Drill Section locations and Pan Australian (1997) intersection projections shaded.

Figure 4 details the area of the high-grade drill holes (Figures 5 and 6) and the multiple lowgrade intersection in Section 3 (Figure 7). The definition of multiple zones was predicted in the Aruma model based on the Panda (Pantoro Limited) discovery to the North.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Figure 5: Pan Australian (1997) Scotia South Project drill Section 1 showing high-grade intersections in holes TR26002 and TR26054.

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Figure 6: Pan Australian (1997) Scotia South Project drill Section 2 showing high-grade intersections in hole TR26058.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Figure 7: Pan Australian (1997) Scotia South Project drill Section 3 showing multiple low-grade intersections in holes TR26007, TR26008 and TR26009.

Authorised for release by Peter Schwann, Managing Director.

For further information please contact:

Peter Schwann James Moses Managing Director Media and Investor Relations Aruma Resources Limited Mandate Corporate Mobile: +61 417 946 370 Mobile: +61 420 991 574 E: [email protected] El: [email protected]

Competent Person’s Statement

The information in this release that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Peter Schwann who is a Fellow of the AIG. Mr Schwann is Managing Director and a full time employee of the Company. Mr Schwann has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve’. Mr Schwann consents to the inclusion in the release of the matters based on his information in the form and context in which it appears. All exploration results reported have previously been released to ASX and are available in the Western Australian DMIRS WAMEX and MINEDEX Reports, specifically A54463. The Company confirms it is not aware of any new information that materially affects the information included in the original reports. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcements.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

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Forward Looking Statement

Certain statements contained in this document constitute forward looking statements. Such forward-looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances. These estimates and assumptions while considered reasonable by the Company are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, achievements and performance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”, “conceptual” and similar expressions. There can be no assurance that Aruma plans to develop exploration projects that will proceed with the current expectations. There can be no assurance that Aruma will be able to conform the presence of Mineral Resources or Ore Reserves, that any mineralisation will prove to be economic and will be successfully developed on any of Aruma’s mineral properties. Investors are cautioned that forward looking information is no guarantee of future performance and accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.

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Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2021.

Section 1 Sampling Techniques and Data

The following data is in relation to historic data in the announcement and the individual holes are listed in the relative Minedex A Report number.

Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (e.g. cut
channels, random chips, or specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments,
etc.). These examples should not be taken
as limiting the broad meaning of sampling.
Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any measurement
tools or systems used.
Aspects of the determination of
mineralisation that are Material to the Public
Report.
In cases where ‘industry standard’ work has
been done this would be relatively simple
(eg ‘reverse circulation drilling was used to
obtain 1 m samples from which 3 kg was
pulverised to produce a 30 g charge for fire
assay’). In other cases more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (e.g. submarine
nodules) may warrant disclosure of detailed
information.
•Soil samples were taken by field
crews based on study of RAB
drill chips by consultant regolith
specialist Dr Louisa Lawrence.
Soil samples were collected
from the from the consolidated
carbonate rich portion of the soil
after removal of unconsolidated
aeolian sands. Samples were
sieved to a -2mm fraction, with
1kg sample bagged and
submitted for analysis at
Genalysis.
•Location and date were
recorded with sample
descriptions.
•The type of sampling soil
sampling.
•The soils were sampled across
the strike from magnetic
interpretations.
•Drilling Samples: Samples
initially of four metre composites
of 1 to 2 kg were sent to
Genalysis laboratory for
analysis. Later significant
intercepts were sampled in one
metre intervals. A total of 1,459
samples were analysed.
Drilling
techniques
Drill type (e.g. core, reverse circulation,
open-hole hammer, rotary air blast, auger,
Bangka, sonic, etc.) and details (e.g. core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
_what method, etc.). _
•RAB and RC.
Drill sample
recovery
Method of recording and assessing core
and chip sample recoveries and results
assessed.
Measures taken to maximise sample
recovery and ensure representative nature
of the samples.
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
•Industry best practice.
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
•All samples were logged
geologically and qualitatively
with the field description in the
report.
Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc.) photography.
The total length and percentage of the
_relevant intersections logged. _
•The sampling was either soil
sampling or RAB RC Jones
Riffle split samples.
Sub-sampling
techniques and
sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
Quality control procedures adopted for all
sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the sampling
is representative of the in situ material
collected, including for instance results for
field duplicate/second-half sampling.
Whether sample sizes are appropriate to
the grain size of the material being
sampled.
•The samples were gathered
using standard drill chip splitting
and sampling techniques.
•The sample size satisfied the Gy
size requirements.
•The entire sample was mixed
and ground in chrome steel ring
mill to a nominal 90% minus 75
micron.
•A nominal 50g aliquot was
digested by aqua regia, followed
by solvent extraction and
furnace AAS for Au to 1ppb
lower limit of detection ( B/ETA
technique).
•An aliquot of the same digest
was analysed by flame AAS for
Cu, Zn, As Ni, and Cr.
Quality of assay
data and
laboratory tests
The nature, quality and appropriateness of
the assaying and laboratory procedures
used and whether the technique is
considered partial or total.
For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.
Nature of quality control procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (i.e. lack of
_bias) and precision have been established. _
•Laboratory standards and
methods are industry standards.
•Triplicate samples were taken
every 50 samples with a
duplicate going to Genalysis.
•as a check and the triplicate to
ALS as an external monitor.
•A standard sample was sent
after every 100 samples as a
check on batch drift.
Verification of
sampling and
assaying
The verification of significant intersections
by either independent or alternative
company personnel.
The use of twinned holes.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
• _Discuss any adjustment to assay data. _
•The samples were
reconnaissance drilling samples
after soils identified areas of
interest.
•Only historic drilling is reported
in this announcement.
Location of data
points
Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.
Specification of the grid system used.
Quality and adequacy of topographic
control.
•Sample layout was by survey
control using DGPS.
•All locations are GDA94
recalculated from GDA66,
84and GDA94 and are design
co-ordinates.
•The soils and drill sample
locations were plotted for
verification using roads.
Criteria JORC Code explanation
Commentary
JORC Code explanation
Commentary
Data spacing
and distribution
Data spacing for reporting of Exploration
Results.
Whether the data spacing and distribution is
sufficient to establish the degree of
geological and grade continuity appropriate
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.
Whether sample compositing has been
_applied. _
•Drill spacing was initially for
reconnaissance work. Infill
drilling was undertaken over
identified soil anomalies and to
infill on anomalous zones
identified in the drilling.
Orientation of
data in relation
to geological
structure
Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
•Soil samples were taken on
sample lines perpendicular to
the inferred strike of the
greenstone lithology.
•Drilling orientation was
principally at -60 degrees
towards 270 degrees.
Sample security The measures taken to ensure sample
security.
•All samples logged and
numbered on site and checked
as collected, logged, when sent
to Laboratory and as submitted.
Audits or
reviews
The results of any audits or reviews of
sampling techniques and data.
•No audits were listed in the
reports.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Mineral tenement
and land tenure
status
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a licence to operate in the area.
•All tenements and details
required are detailed in the
reports.
•E63/2037 is granted tenure,
owned 100% by Aruma
Exploration a 100% owned
subsidiary of Aruma
Resources Ltd.
•All work quoted was done by
previous lease holders and is
referenced by the Minedex A
Report numbers.
Exploration done
by other parties
Acknowledgment and appraisal of
exploration by other parties.
•The reports are acknowledged
in the announcement and is
numbered as an A report in
Minedex.
Geology Deposit type, geological setting and style of
mineralisation.
•Detailed in the "Gold in
Sediments" exploration model
published by Aruma in
previous announcements and
presentations.
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Drill hole
Information
A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified
on the basis that the information is not
Material and this exclusion does not detract
from the understanding of the report, the
Competent Person should clearly explain
_why this is the case. _
No new Aruma drilling is
reported in this announcement.
Data aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (eg cutting of
high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results, the
procedure used for such aggregation should
be stated and some typical examples of
such aggregations should be shown in
detail.
The assumptions used for any reporting of
metal equivalent values should be clearly
_stated. _
•No data aggregation was done
for the report.
•Metal equivalents never used.
Relationship
between
mineralisation
widths and
intercept lengths
These relationships are particularly
important in the reporting of Exploration
Results.
If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (eg ‘down hole
_length, true width not known’). _
•The Sections used in the AAJ
announcement are redrafted
Pan Australian sections.
•The true widths are not listed
as insufficient holes are
available to confirm
mineralisation orientation.
Diagrams Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be
limited to a plan view of drill hole collar
_locations and appropriate sectional views. _
•As done.
Balanced
reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.
•The complete list of individual
sample assays is listed and
available in the quoted A
reports from WAMEX.
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Other
substantive
exploration data
Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples – size and
method of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
_substances. _
•All A reports and associated
previous data are listed to
source the original reported
data.
Further work The nature and scale of planned further
work (eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
_commercially sensitive. _
•As detailed in the report.