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ARUMA RESOURCES LIMITED Capital/Financing Update 2023

Nov 27, 2023

64273_rns_2023-11-27_ed9d0bc7-b9dd-4ded-8bad-d0a3b884aa9d.pdf

Capital/Financing Update

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ASX Announcement 28[th] November 2023

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Soil Sampling Uncovers Gold Target at Saltwater Project

Highlights

  • Latest phase of soil sampling completed over recent rock-chip anomalies delivers strong gold and polymetallic anomalism across three prospects:

  • Soil sampling identifies strong gold anomalism at the Terceira prospect:

    • SWS0180 containing 0.38g/t Au and 356ppm As

    • SWS0179 containing 0.14g/t Au and 371ppm As

    • SWS0181 containing 0.14g/t Au and 204ppm As

    • SWS0178 containing 0.12g/t Au and 443ppm As

  • In addition to previously reported cobalt-copper, further manganese-cobalt polymetallic anomalism detected at Orichalcum:

    • SWS0102 containing 1.1% Mn, 612ppm Co, 387ppm Cu, 0.37g/t Ag and 0.19% Ba

    • SWS0104 containing 0.7% Mn, 136ppm Co, 135ppm Cu, 0.05g/t Ag and 0.11% Ba

  • SWS0106 containing 0.5% Mn, 151ppm Co, 159ppm Cu, 0.12g/t Ag and 0.08% Ba

  • o Soil Sampling also detected REE and telluride enrichment at the Oracle prospect:

     - **SWS0094 containing 295ppm Ce, 160ppm La and 535ppm Ba**
    
     - **SWS0095 containing 0.28g/t Te, 200ppm Cu and 205ppm Ni**
    
  • Heli-mapping and rock-chips of Saltwater outcrop features expands the prospectivity of Inkwell Ridge and the greater Saltwater Basin Complex

  • First pass drilling of priority targets planned for calendar year 2024

Aruma Resources Limited ( ASX: AAJ ) ( Aruma or the Company ) is pleased to announce that results from the latest phase of its ongoing sampling program at its 100%-owned Saltwater Project in the Pilbara region of Western Australia has reaffirmed its potential as a multicommodity mineralised system.

The soil sampling program has successfully identified a very anomalous greenfield gold target at the Terceira prospect within the Saltwater project area. This residual surface gold anomaly is coincident with a large surface arsenic halo and a geophysical magnetic anomaly, and represents a highly prospective new gold target in a completely greenfields location.

Aruma Resources Ltd ACN 141 335 364 ASX: AAJ

Board and Management JAMES MOSES – Non-Executive Chairman GLENN GRAYSON – Managing Director BRETT SMITH – Non-Executive Director

Business Office 1[st] Floor, 2 Richardson Street West Perth WA 6005 T: + 61 8 9321 0177 E: [email protected]

Issued Capital 196,891,506 Shares 54,930,003 Listed options 16,000,000 Unlisted options

www.arumaresources.com

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The Saltwater Project consists of four granted Exploration Licences (EL52/3818, EL52/3846, EL52/3857 and EL52/3966) over a total area of 450km[2] , situated approximately 120km southwest of the regional mining centre of Newman.

The Project sits within an emerging multi-commodity province, where Dreadnought Resources (ASX: DRE) holds a significant landholding with its Bresnahan REE-U Project, which surrounds Aruma’s Saltwater Project area (Figure 1).

Overview of latest phase of soil sampling

Aruma completed its latest phase of soil sampling, and outcrop mapping in October. Soil sampling has proved successful in providing vectors towards defining targets for a maiden drilling program, planned for calendar 2024.

The soil sampling programs have been strategically planned to collect samples from areas with previous anomalous rock chip samples, and vector in on mineralisation source locations.

In addition to the new Greenfields gold target, Aruma’s soil sampling has verified the existence of further Volcanogenic Massive Sulphide (VMS) systems with elements such as manganese, barium, copper, and cobalt. The findings also feature a series of anomalies of rare earth elements (REE) and tellurides, within the soil at the Oracle prospect. See Figures 2 to 4 for maps and Figure 5 and 6 for field photos.

Outcrop sampling and mapping has generated multiple new targets across the Project. The Inkwell Ridge prospect hosts in excess of 7km of anomalous iron, copper, lithium and REE rock chips.

The Saltwater Complex continues to reveal a major VMS system with multiple base metal and barium indicative results. In addition, the helicopter supported program covered the eastern region of the Project, where rock chips from the Euros prospect highlight the potential for a mineralised mafic intrusive complex.

Aruma managing director Glenn Grayson said:

“We are delighted with the progress of our fieldwork at Saltwater. The results generated to date from our ongoing sampling program are very encouraging and highlights the Project’s potential by continuing to deliver materially positive results from this initial, targeted fieldwork. Based on results to date, we are confident we have identified a high-value manganese-cobalt target, multiple VMS targets, as well as a promising uranium prospect – and with the latest phase of sampling, have uncovered an exciting, new greenfields gold target. We will continue to pursue our systematic and targeted exploration approach at Saltwater with a view to undertaking first-pass drilling at priority targets in the new year."

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Figure 1: Saltwater Project Location

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Figure 2: Saltwater Project

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Figure 3: Terceira Gold Project Soil Anomalies over Magnetic signature

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Figure 4: Polymetallic anomalism at Orichalcum prospect withing the Saltwater Basin Complex

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Figure 5: Anomalous REE and Telluride at the Oracle prospect within the Saltwater Basin Complex

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Figure 6: Soil Sampling team at Terceira Gold Prospect

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Figure 7: Rock Chip Sampling at the Saltwater Basin Complex

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Figure 8: Rock Chip Sampling at the Inkwell Ridge Prospect

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Figure 9: Inkwell Ridge Prospect

Sample ID Easting Northing Significant Result Significant Result Significant Result Prospect
SWS0015 653490 7356751 169ppm Cu 220ppm V Milo
SWS0016 653490 7356801 147ppm Cu 208ppm V Milo
SWS0017 653490 7356851 0.34% Mn Milo
SWS0019 653465 7356801 153ppm Cu Milo
SWS0020 653465 7356851 191ppm Cu Milo
SWS0078 669726 7350678 283ppm Sr Oracle
SWS0087 669776 7350778 5.4ppm U 135ppm Ni 12ppm Sb 0.27g/t Te Oracle
SWS0088 669826 7350778 120ppm Ce 63ppm La Oracle
SWS0090 669926 7350778 0.22g/t Te Oracle
SWS0092 669676 7350828 1.45g/t Bi Oracle
SWS0094 669676 7350928 295ppm Ce 160ppm La 535ppm Oracle
SWS0095 669726 7350828 200ppm Cu 205ppm Ni 0.28g/t Te Oracle
SWS0096 669726 7350878 0.14g/t Te Oracle
SWS0097 669726 7350928 0.14g/t Te Oracle
SWS0098 669776 7350828 109ppm Ni Oracle
SWS0100 669776 7350928 138ppm Ce 72ppm La 656ppm Oracle
SWS0102 670811 7351041 1.1% Mn 612ppm 387ppm 0.37g/t Ag 0.19% Ba Orichalcum
SWS0104 670761 7350991 0.7% Mn 136ppm 135ppm 0.05g/t Ag 0.11% Ba Orichalcum
SWS0106 670811 7350991 0.5% Mn 151ppm 159ppm 0.12g/t Ag 0.08% Ba Orichalcum
SWS0109 670861 7350941 290ppm Sr 208ppm V 153ppm 4.8ppm Cs 79ppm Y Orichalcum
SWS0111 670861 7350841 0.08% Ba Orichalcum
SWS0120 671011 7350991 113ppm Co 117ppm 222ppm V Orichalcum
SWS0126 671061 7350841 209ppm Cu Orichalcum
SWS0178 629559 7373611 0.12g/t Au 443ppm Terceira
SWS0179 629576 7373628 0.14g/t Au 371ppm Terceira
SWS0180 629594 7373646 0.38g/t Au 356ppm Terceira
SWS0181 629612 7373664 0.14g/t Au 204ppm Terceira
SWS0201 629986 7373342 207ppm As Terceira
SWS0202 630004 7373359 303ppm As Terceira
SWS0198 629922 7373417 26g/t Ga2O3 Terceira
SWS0200 629957 7373452 24g/t Ga2O3 Terceira

Table 1: Significant Soil Sample results (GDA94 MGAz50)

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Sample ID Easting Northing Significant Result Significant Result
AR14079 633009 7368066 982ppm Co 340ppm Ce 226ppm La 4.3% Mn 341ppm Li
AR14114 633967 7367645 1018ppm Cu
AR14088 633752.6 7367604 2.13g/t Ag
AR14197 635969.3 7366773 1258ppm As 3198ppm Ba
AR14280 680758 7346955 4577ppm Ba
AR14096 634747.7 7367195 553ppm Ce 58% Fe 22ppm U
AR14145 669341 7351641 991ppm Cu
AR14151 671928.3 7355734 891ppm Cu 1% Mn 106ppm Y
AR14251 671578.1 7352117 1006ppm Cu 556ppm As 1030ppm Pb
AR14269 671161 7350490 910ppm Cu 412ppm As 24.2ppm Mo 175ppm Sb
AR14283 682219 7347597 1324ppm Ni 660ppm Cu 102ppm Y
AR14282 681927 7347905 3850ppm V 1697ppm Cr
AR14281 681979 7347922 3403ppm Cr 1376ppm V 695ppm Sc
AR14085 633469.5 7367742 56.86% Fe
AR14093 634503.8 7367339 57.28% Fe
AR14106 631739.6 7372444 59.3% Fe
AR14107 631798 7372442 59.46% Fe
AR14123 635017.3 7367148 55.28% Fe
AR14156 669942.5 7355671 55.53% Fe
AR14164 653545.8 7356865 62.23% Fe
AR14176 637092.2 7366391 59.62% Fe
AR14177 636912.2 7366626 55.16% Fe
AR14178 636939.2 7366670 56.2% Fe
AR14179 636869.6 7366724 59.7% Fe
AR14180 636835 7366725 59.38% Fe
AR14181 636722.6 7366733 60.05% Fe
AR14182 636606.2 7366750 58.02% Fe
AR14183 636588.5 7366758 57.11% Fe
AR14184 636573.2 7366761 57.66% Fe
AR14186 636520.1 7366767 55.92% Fe
AR14187 636346.8 7366810 56.44% Fe
AR14188 636397.8 7366784 55.36% Fe
AR14189 636368.7 7366795 57.76% Fe
AR14199 635898.3 7366902 55.46% Fe
AR14200 635942.7 7366889 55.11% Fe
AR14286 688970.2 7351926 56.86% Fe

Table 2: Significant Rock Chip results (GDA94 MGAz50)

Background to soil sampling program

Aruma’s ongoing soil sampling campaign was undertaken as a strategic follow-up to initial results from anomalous samples, and results to date have effectively demonstrated its value in a complex geological setting.

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Samples have been collected based on prior targeting achieved through the integration of geophysical, radiometric, geological, and structural data. The efficacy of the soil sampling methods in refining potential drilling locations has been notably apparent.

Moving forward, the soil sampling strategy will be deployed to scrutinize the anomalous rock chip results. This methodical approach will be deployed to thoroughly evaluate the remaining 70% of the project area, which remains largely underexplored.

The continuation of this systematic exploration approach is designed to ensure more targeted and efficient drill planning for Aruma’s planned first pass drilling at priority targets at the Saltwater Project.

Next Steps

Based on the key areas of interest defined to date, the Company plans to define and model geochemical and geophysical targets. This preparatory work is crucial for the commencement of our first phase of drilling, currently being planned for 2024.

Aruma has also commenced a hyperspectral and machine learning study, aimed at fast tracking our modelling and drill targeting in preparation for the planned first phase of drilling. It also plans to undertake ground gravity surveys over coming months to delineate targets at depth.

Background to Saltwater Project

The Saltwater Project was originally pegged by Aruma in 2020 for its gold prospectivity, and exploration at the Project was initially gold-focused and included two phases of reverse circulation (RC) drilling within a targeted area of the Project.

The Company subsequently undertook an assessment of historic exploration within the Project area, which revealed REE, base metals, gold and uranium results from previous explorers in the Saltwater region. This included the high REE assays results previously reported by U308.

U308’s exploration also delivered grades of up to 3.1% Cu (copper), 1.4% Pb (lead), 1.5% V (vanadium) and 2 g/t Au (gold) in samples from costeans at the Nobbys prospect. Aruma is pursuing the multi-commodity potential of the Project area in its fieldwork programs.

More recently, Dreadnought has accumulated a significant landholding at its Bresnahan Project, immediately adjacent to Aruma’s Saltwater Project area. Dreadnaught has delivered highly encouraging initial REE exploration results, with significant light and heavy REE results returned from reconnaissance surface samples along major basement structures (DRE: ASX announcement, 8 February 2023).

The exploration model for the U is the Unconformity model (Figure 8). The prospective stratigraphy sits below the Bresnahan-Wyloo Unconformity of which the Saltwater Project has approximately 80km of strike.

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Figure 8: Unconformity model being utilised at Saltwater in the exploration for REE

This announcement has been authorised for release by the Board of Aruma Resources Ltd.

ENDS

For further information, please contact:

Glenn Grayson James Moses Managing Director Investor Relations Aruma Resources Limited Mandate Corporate Telephone: +61 8 9321 0177 Mobile: +61 420 991 574 E: [email protected] E: [email protected]

About Aruma Resources

Aruma Resources Limited (ASX: AAJ) is an ASX-listed minerals exploration company focused on the exploration and development of a portfolio of prospective gold and lithium projects, strategically located in major, active mineralised belts in Western Australia. Its core assets include the Mt Deans Lithium Project in the lithium corridor of south-eastern WA, the Salmon Gums Gold Project in the Eastern Goldfields and the multi-commodity Saltwater Project in the Pilbara region.

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Competent person statement

The information in this release that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Glenn Grayson who is a Member of the Australian Institute of Geoscience (AIG). Mr Grayson is Managing Director and a full-time employee of the Company. Mr Grayson 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 Grayson 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 to be viewed on the Company website www.arumaresurces.com. The Company confirms it is not aware of any new information that materially affects the information included in the original announcement. 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.

Forwood Looking Statement

Certain statements contained in this document constitute forward looking statements. Such forwardlooking 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 forwardlooking 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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Figure 9: Aruma’s project portfolio

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Saltwater JORC 2012 Table 1

Section 1 Sampling Techniques and Data

The following data is in relation to Soil Sampling Techniques used in the announcement

Criteria 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 (e.g. ‘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 collected by Aruma staff and submitted for
analysis. Soil samples were taken from a depth of
approximately 20cm by spade on a predetermined line and
sample spacing. The samples were sieved in the field to 2mm
aiming for 300g of sample. The 300g samples were then
dispatched to Perth to Intertek Genalysis Pty Ltd facilities in
Perth.
• Soil sampling grids were designed to provide vectors to
mineralisation, with each grid location determined by existing
nearby rock chip anomalies.
• No mineralisation was directly observed in the soil samples and
determination of anomalism is dependent on lab analysis.
• Soil sample analysis was completed by Intertek Genalysis, the
process of the sample analysis included oven drying (105-110
degrees Celsius), crushing (<-2mm to <-6mm), pulversing (<-
75µm to <-105µm) and split to obtain a representative 10gram
catchweight sample for 33 Element (including Gold) Aqua Regia
digest with ICP-MS finish.
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.). _
• No drilling undertaken
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.
• No drilling undertaken
Criteria JORC Code explanation Commentary
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 metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean,
channel, etc.) photography.
The total length andpercentage of the relevant intersections logged.
• No drilling undertaken
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.
• Soil samples were collected by Aruma staff and submitted for
analysis. Soil samples were taken from a depth of
approximately 20cm by spade on a predetermined line and
sample spacing. The samples were sieved in the field to 2mm
aiming for 300g of sample. The 300g samples were then
dispatched to Perth to Intertek Genalysis Pty Ltd facilities in
Perth.
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 (e.g. standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (i.e. lack of bias) andprecision have been established.
• Soil sample analysis was completed by Intertek Genalysis
(Intertek is a certified Analytical Laboratory), the process of the
sample analysis included oven drying (105-110 degrees Celsius),
crushing (<-2mm to <-6mm), pulversing (<-75µm to <-105µm)
and split to obtain a representative 10gram catchweight sample
for 33 Element (including Gold) Aqua Regia digest with ICP-MS
finish.
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.
• Soil samples and geological information is captured in Avenza
and coordinates and track data saved from handheld GPSs used
in the field.
• Field data is entered into excel spreadsheets to be loaded into a
MX deposit database.
Criteria JORC Code explanation Commentary
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.
• All sample locations were recorded with a Garmin handheld
GPS which has an accuracy of +/- 5m. GDA94 MGAz50.
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.
• Sample spacing and distribution is not sufficient to establish the
degree of geological and grade continuity appropriate for a
Mineral Resource.
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.
• At this early stage of exploration, mineralisation thickness’s,
orientation and dips are not known
Sample
security
The measures taken to ensure sample security. • All geochemical samples were collected, bagged and sealed by
Aruma staff and delivered by secured freight directly to Intertek
Laboratory in Maddington
Audits or
reviews
The results of any audits or reviews of sampling techniques and data. • No audits were completed on the Saltwater project.
• Sampling methodologies are considered industry best practice.
• The program is continuously reviewed by Senior Aruma
personnel.

Section 2 Reporting of Exploration Results

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

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.
• The Saltwater Project, 120km SW of Newman is managed,
explored and maintained by Aruma Resources.
• The project contains four exploration licenses (EL52/3818,
EL52/3846, EL52/3857 and EL52/3966) and covers a total area
pf 450km²
• All tenements are 100% owned by Aruma Resources.
• All work was done under POW’s
• Aruma has agreements in place with the Native Title holders the
Jidi Jidi Aboriginal Corporation.
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. • The Saltwater Project is located over Wyloo Group
metasediments and the Bresnahan Group in the Ashburton
Basin.
• The Saltwater Project is prospective for orogenic gold,
volcanogenic base-metals and unconformity related REEs.
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 drilling reported
Criteria JORC Code explanation Commentary
Data
aggregation
methods
In reporting Exploration Results, weighting averaging techniques, maximum
and/or minimum grade truncations (e.g. 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 drilling results reported.
• All results greater than 0.1% TREO or base metals (Co, Cu, Pb,
Zn) and 0.1g/t Au have been reported.
• No metal equivalents reported
Relationship
between
mineralisati
on 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 (e.g. ‘down hole length, true width not
known’).
• No drilling reported.
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.
• Refer to the figures within this report
Balanced
reporting
Where comprehensive reporting of all Exploration Results is not practicable,
representative reporting of both low and high grades and/or widths should
bepracticed to avoid misleading reporting of Exploration Results.
• Public reporting of exploration results by Aruma and past
tenement holders and explorers are considered balanced.
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.
• Suitable commentary of the geology encountered are given
within the text of this document.
Further
work
The nature and scale of planned further work (e.g. 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.
• Geological mapping
• Surface sampling
• Geophysical re-evaluation
• RC and Diamond Drilling