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ARUMA RESOURCES LIMITED — Investor Presentation 2012
Sep 3, 2012
64273_rns_2012-09-03_bc011249-d757-4b8a-885a-1834655134f7.pdf
Investor Presentation
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ARUMA RESOURCES
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ARUMA’S LOW RISK GOLD TARGETS
Peter Schwann Managing Director
Aruma Resources Limited – Amec Convention 4-6 September 2012
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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EXPLORING KNOWN GOLD AREAS IN W.A.
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BUILDING A LOCAL HUB AROUND GLANDORE
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USING NEW TECHNOLOGY IS ECONOMICAL TO
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Test previously explored areas with known gold mineralisation
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– Test covered extensions of known gold mineralisation
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– Evaluate alteration and mineralisation remotely and cheaply
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ACTIVELY MANAGING ITS LANDHOLDING – By exploration, applications, options and relinquishing
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 (30 June 2012) $2.3M Shareholders 400 Top 20 73.7% Hemisphere Resources 50.4%
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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Glandore Hub (60km radius)
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Glandore, Bulong and Gindalbie projects totalling over 250km[2 ]
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Jundee South Project
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20km south of Jundee Mine
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Twin Hills Project
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Low Grade Mineralisation drilled
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Darlot East Project
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East of Darlot Mine on old workings
Laverton East
- Northern Lease has HyVista trends to drill
ASX: AAJ
www.arumaresources.com.au
Glandore Gold Project
- Land area >57km [2 ]
Strong gold system
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5 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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Heritage Clearance
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Drilling booked
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ASX: AAJ
www.arumaresources.com.au
Glandore Thickness and 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 end 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 2mat 4.77g/t Au |
13m 23m surface **18m ** |
ASX: AAJ
www.arumaresources.com.au
Glandore drilling targets from Fluid Flow
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Fluid Flow Study Completed
- Major Structures in Blue
Yellow Ellipses are gold targets
PoW approved for western targets
- Heritage Survey completed
Drilling Booked for October
ASX: AAJ
www.arumaresources.com.au
Glandore drilling targets on Geology
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Good correlation with Geology
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Warm Colours = higher flows
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Black ellipses define Primary Targets
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Historic intersections in Gold solids
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Access negotiations underway
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ASX: AAJ
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www.arumaresources.com.au
Glandore Hub Leases
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Leases in a 60km radius of Glandore
ASX: AAJ
www.arumaresources.com.au
Twin Hills Project
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Project Holding 187km[2]
15km of defined gold anomalies
Thick underexplored mineralisation
| Hole ID | From | Interval (m) | g/t Au | ppm Cu |
|---|---|---|---|---|
| THR 301 | 25 | 22 | 1.04 | NA |
| THR 288 | 25 | 1 | 2.56 | NA |
| THR 331 | 50 | 20 | 0.54 | NA |
| WRC01 | 43 | 12 | 0.84 | 308 |
| Including | 53 | 1 | 1.79 | 2360 |
| WRC03 | 32 | 28 | 0.86 | 182 |
| WRC04 | 24 | 24 | 0.51 | 113 |
| WRC06 | 24 | 24 | 0.39 | 99 |
| 7 RC holes (773m)drilled in ellipse |
7 RC holes (773m)drilled in ellipse
Both major leases granted
2000m RAB drilling completed
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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New Lease in Yellow
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Chip samples up to 25 g/t
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Lady Lauren line undrilled
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On major lineaments
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PoW approved
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Heritage Clearance done
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Drilling in November
ASX: AAJ
www.arumaresources.com.au
Laverton East Project
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New EL Granted
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Leases under shallow cover
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HyVista 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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Targets for sampling
ASX: AAJ
www.arumaresources.com.au
Jundee South Project
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- Drilling completed in August
Drilling verifies soil anomalies
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Best gold assay of 1m at 18.6 g/t
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Second Phase drilling done
15 holes for 614m completed
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Holes to get strike of gold
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Quartz veins on contact
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Samples submitted
ASX: AAJ
www.arumaresources.com.au
Darlot East Project
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4km east of multi million ounce Darlot Mine
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7km Granite-Greenstone contact target
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Gold hits in 1989 RC holes
RW 1 - 1m @ 3.27g/t from 18m RW 2 - 4m @ 2.1g/t from 18m RW 3 - 1m @ 0.75g/t from 25m RW 4 - 2m @ 0.33g/t from 25m RW 5 - 1m @ 10.2g/t from 21m** ** above 4m stope with 1m @ 0.83g/t below
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520m 23 holes RAB done
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samples submitted
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Paleo-channel identified
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 cleared and ready to drill
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Eastern areas of drilling to be done after first phase.
TWIN HILLS
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RC drilling on the northern lease mineralisation Completed in August 2012
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PoWs for southern lease anomalies and further RC approved
GINDALBIE
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PoW approved on all leases
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Initial heritage survey completed
DARLOT and JUNDEE SOUTH
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Drilling on gold mineralisation trend from Rosewood Well completed
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Follow up drilling at Jundee South anomalies completed
LAVERTON EAST
- Soils and RAB planned drilling over geochemistry and HyVista anomalies
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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Initial drilling on the extension of the western target areas booked
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Heritage negotiations near completion on lake areas
ASX: AAJ
www.arumaresources.com.au
Company Summary
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Landholding rationalised
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Prospective landholding in the proven Eastern Goldfields
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Projects strategically located adjacent to established gold producers
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Treasury at 30 June 2012 ~$2.3M
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Current programs well funded
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Strategic focus on resources to develop Glandore as regional gold production hub, with nearby satellites
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1920m of drilling awaiting assays 2000m to complete programs
ASX: AAJ
www.arumaresources.com.au
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ARUMA RESOURCES
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Thank you.
ASX: AAJ
www.arumaresources.com.au