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ARUMA RESOURCES LIMITED — Investor Presentation 2012
Apr 18, 2012
64273_rns_2012-04-18_e8860064-8dd6-41ae-8c4b-ed3b9cb5f56c.pdf
Investor Presentation
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ARUMA RESOURCES
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UNDER COVER EXPLORATION
Peter Schwann Managing Director
Aruma Resources Limited – Paydirt’s Gold Conference 19 April 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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FOCUSSED ON GOLD IN W.A.
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BUILDING A REGIONAL HUB AROUND GLANDORE
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USING HYVISTA, PIMA AND FLUID FLOW STUDIES
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UTILISING THIS NEW TECHNOLOGY 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 . Strengths 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 (19 April 2012) $2.5M Shareholders 400 Top 20 73.7% Hemisphere Resources 50.4%
ASX: AAJ
www.arumaresources.com.au
Project Locations
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Glandore Project
40km east of Kalgoorlie-Boulder
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Glandore Hub (60km radius)
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Glandore, Bulong, Kurnalpi South and Gindalbie projects totalling over 500km[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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15km Anomalies ready to drill
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Steeple Hill – Pineapple Dam
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Ni Cu Gossan and Blebby ore in drillhole
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Darlot East Project
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East of Darlot Mine on old workings
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Patricia Project
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On the Edjudina trend and under cover
ASX: AAJ
www.arumaresources.com.au
Glandore Gold Project
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Land area >57km [2 ]
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Strong gold system
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5 Fluid Flow Targets
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On major feeder
structures
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PoWs submitted
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Mining leases granted
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Ready for Drilling
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ASX: AAJ
www.arumaresources.com.au
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
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Glandore drilling targets from Fluid Flow
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Major Structures in Blue
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Warm Colours show gold targets
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Fluid Flow Study Completed
PoW in for evaluation of targets
ASX: AAJ
www.arumaresources.com.au
Glandore drilling targets on Google Earth
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Major Structures in Blue
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Warm Colours show gold targets
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Yellow ellipses define Primary Targets
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Historic intersections in Gold solids
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PoW in for evaluation of targets
ASX: AAJ
www.arumaresources.com.au
Regional Projects
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- Twin Hills
2400m RAB just completed, RC PoW submitted Gindalbie
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PoW Approved, awaiting Heritage Survey
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Laverton East
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Northern Leases has Hyvista trends to drill
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Jundee South
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Drilling of two gold zones, assays to 18.6g/t Darlot East
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Leases granted and PoW submitted
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Steeple Hill
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PoW in, PGM assays indicate Cu-Ni-S system Patricia
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5km of Edjudina trend under cover
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Bulong
Lease near grant
- Youno Downs
Magnetic trend from Hilda mines under cover
ASX: AAJ
www.arumaresources.com.au
Additional Lease Areas Acquired
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New 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 |
RC holes scheduled (black ellipse)
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Both major leases granted
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2400m 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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Prospects structures on sediment-greenstone contact
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On major lineaments
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PoW approved
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Hyvista survey completed
ASX: AAJ
www.arumaresources.com.au
Kurnalpi South Project
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Christmas Well, Pineapple Dam, Pinnacles South and Steeple Hill
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100km east of Kalgoorlie - Boulder
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Ni Cu Blebby sulphides at Steeple Hill
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Ni Cu Gossan on Pineapple Dam
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PoW submitted for Pinnacles South
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Large Projects north (Carosue) and south (Aldiss) indicate gold potential
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Strong Hyvista alteration effects
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Sulphur Rich area conducive to Gold
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Nickel and copper anomalies
ASX: AAJ
www.arumaresources.com.au
Laverton East Project
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New Lease Granted
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Leases under shallow cover
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Rock chips samples define mineralisation trend
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Hyvista maps goethite over Gold anomaly
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Next figure in black square Second pass drilling completed 2m at 4.28 g/t in LEAC 31
ASX: AAJ
www.arumaresources.com.au
Laverton East Project – Hyvista Target
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Red anomaly is Goethite-Mica
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Anomaly is 1km by 150m
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Hyvista maps goethite over Gold anomaly
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Drilling program split in two
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Drilling program 667 of AC/RC over Hyvista and Geochem area
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1981m of Aircore over Phase 2 New Gold Zone with 2m at 4.28 g/t in LEAC 31
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Similar Hyvista anomalies in EL38/2475 to the North
ASX: AAJ
www.arumaresources.com.au
Jundee South Project
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Drilling completed in December Drilling verifies two soil anomalies
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Best gold assay of 1m at 18.6 g/t
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Gourdis - Vause Gold structure is extended to the west
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Structural Disruption sites Identified
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Gold Mineralisation evident in
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Major structures
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Geochemical anomalies
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Carbonate quartz alteration
ASX: AAJ
www.arumaresources.com.au
Patricia Project
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Magnetics that indicate a 5km extension to the Edjudina Line (Red Dashed Line)
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Under shallow soil cover, between granites
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On a major E-W structure that cuts the Patricia gold mine to the east
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Lease to be granted in July
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 • Has numerous old workings an the contact
- PoW submitted for Drilling
ASX: AAJ
www.arumaresources.com.au
Aruma’s progress to date
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- Leases total 1000km[2 ]
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Fluid Flow and PoWs completed for Glandore
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Twin Hills option, PoW and clearing completed – drilling completed
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All new Projects now mapped by Hyvista with targets defined
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Drilling at Laverton East, Jundee South and Steeple Hill successful
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Drilling at Laverton East hits 2m at 4.28 g/t Au
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Drilling at Jundee South hits 18.6 g/t Auto be followed up
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Steeple Hill Blebby Sulphides of 0.31% Cu and 0.21% Ni backed up by PGM
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Heritage Survey scheduled at Glandore
ASX: AAJ
www.arumaresources.com.au
Aruma’s Work Timeline
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2010
July 23 – AAJ listed on ASX – Glandore PoW approved November – Glandore drilling results with 29/42 anomalous holes 11m @ 2.32g/t from surface
2011
January – Glandore drilling results include 2m of 4.77g/t 23 of 26 holes anomalous
- February – >2km mineralised zone defined at Glandore May – CSIRO Fluid Dynamics Study initiated, MLs at Glandore Granted June – Drilling Laverton East, Darlot and Patricia applications, July – Bulong and Youno Downs ELs , 1st Phase drilling at Laverton East September – Second Phase drilling at Laverton and Steeple Hill drilled November – Hyvista flown on new leases December – Drilling at Jundee South and Fluid Flow Study completed – Twin Hills and Gindalbie leases negotiated, PoWs submitted
2012
January – Jundee South hits of 18.6 g/t Au, Blebby Sulphides at Steeple Hill February – Twin Hills drilling approved, sites cleared. Hyvista interpretations March – Twin Hills drilling, Jundee South Follow up Drilling April – Twin Hills drilling completed, Follow up Drilling PoWs in
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 planned
TWIN HILLS
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RAB drilling on the extension of the northern lease anomalies completed April 2012
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PoW for southern lease anomalies submitted
GINDALBIE
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PoW submitted on new eastern lease
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Initial drilling on the eastern lease anomalies after heritage survey
KURNALPI SOUTH
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Follow up drill results at Steeple Hill blebby sulphides
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Drill Au anomalies at Pinnacles South
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Investigate Ni gossan at Pineapple Dam on grant
LAVERTON EAST and JUNDEE SOUTH
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RAB drilling over geochemistry and Hyvista anomalies
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• Follow up drilling at Jundee South anomalies
DARLOT
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PoW submitted on gold mineralisation from historical drilling at Rosewood Well
ASX: AAJ
www.arumaresources.com.au
Company Summary
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Large 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 19 April 2012 ~$2.5M – current program well funded
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Steady progress:
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Drilling hits Gold mineralisation
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New Identified Gold Corridors
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Ni Cu Identified at Steeple Hill
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Strategic focus on resources to develop Glandore as regional gold production hub, with nearby satellites
ASX: AAJ
www.arumaresources.com.au
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ARUMA RESOURCES
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Thank you.
ASX: AAJ
www.arumaresources.com.au