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ARUMA RESOURCES LIMITED — Investor Presentation 2012
Feb 20, 2012
64273_rns_2012-02-20_26bfc741-fdc4-42cc-90a2-0b90389e2bc4.pdf
Investor Presentation
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ARUMA RESOURCES
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Focussed Exploration of WA’s Eastern Goldfields
Peter Schwann Aruma Resources Limited ‐ RIU Explorers Conference Managing Director 21‐22 February 2012
ASX: AAJ
www.arumaresources.com.au
Disclaimer / Competent Person’s Statement
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Disclaimer
The information in this presentation was prepared with due care and attention and is current at the date of the presentation. It is not an offer or recommendation to purchase or subscribe for securities in Aruma Resources Limited or to retain any securities currently held and does not take into account the potential and current individual investment objectives or the financial situation of investors. 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.
Forward Looking Statement
This presentation contains certain statements which may constitute “forward looking statements”. These statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, achievements or performance to differ materially from those expressed, implied or projected in any forward looking statements.
Competent Person’s Statement
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”. 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.
ASX: AAJ
www.arumaresources.com.au
Company Strategy
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� Focus on gold in WA
� Build a regional hub around Glandore
� Use Hyvista, PIMA and Fluid Flow methods of evaluation
� Utilise 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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Drill 12,000m of RAB and RC holes this year on advanced targets
� Actively manage our 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
– Non Executive Director Danny Costick
Mining engineer with operational and development experience
– Non Executive Director Ki Keong Chong
Established Lawyer in Asian Finance and Investment Banking
Capital Structure:
Shares on Issue 80M Market Capitalisation at 7c $5.6M Cash (1 February 2012) $2.94M 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, Kurnalpi South and Gindalbie projects totalling over 720km[2]
� 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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Fluid Flow Targets
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On major feeder structures
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Approval 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 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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Major Structures in blue
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Warm Colours show gold targets
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Fluid Flow Study completed
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Approvals for evaluation of targets submitted
ASX: AAJ
www.arumaresources.com.au
Regional Projects
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Twin Hills
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Lines cleared and drilling imminent
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Kurnalpi South
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Ni Cu Sulphides in drilling at Steeple Hill
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� Gindalbie
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PoW submitted and 25g/t rock chip to drill
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� Laverton East
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Northern Leases has Hyvista trends to drill
� Jundee South
- Drilling of two gold zones, assays to 18.6g/t
� Darlot East
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Leases granted and sampling underway
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Patricia
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5km of Edjudina trend under cover
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Bulong
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Along strike of Bulong gold mines
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Youno Downs
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Magnetic trend from Hilda mines under cover
www.arumaresources.com.au
ASX: AAJ
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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www.arumaresources.com.au
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Project Holding 187km[2]
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15km of defined gold anomalies
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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 | ||
| �200 RAB holes scheduled (black ellipse) | ||||||
| �Both major leases granted | ||||||
| �Ready to drill | in March | |||||
| ASX:AAJ |
Gindalbie Project
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Project Holding 150km[2] � 45km north of Glandore � New Lease in Yellow � Chip samples up to 25g/t
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� Prospects structures on sediment‐greenstone contact
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� On major lineaments
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� PoW submitted � Hyvista survey completed
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ASX: AAJ
www.arumaresources.com.au
Kurnalpi South Project
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Christmas Well, Pineapple Dam, Pinnacles South, Mt Quinn 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 Silver anomalies
ASX: AAJ
www.arumaresources.com.au
Laverton East Project
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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
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New lease applied for along strike
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Second Phase drilling completed
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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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1,981m of Aircore over Phase 2
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New Gold Zone with 2m at 4.28 g/t in LEAC 31
ASX: AAJ
www.arumaresources.com.au
Jundee South Project
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First Phase drilling completed in December
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Drilling verifies two soil anomalies
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Best gold assay of 1m at 18.6g/t
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Drilling confirms soil anomalies
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Follow up drilling scheduled
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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
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www.arumaresources.com.au
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ASX: AAJ
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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Good access with minimum clearing
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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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Contains the prospective 7km Granite‐Greenstone contact
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On splay off the Celia Lineament
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Has gold hits
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Has numerous old workings an the contact
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Main leases granted
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Initial appraisal underway
ASX: AAJ
www.arumaresources.com.au
Aruma’s progress to date
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New leases for over 1550km[2]
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Fluid Flow and PoWs completed for Glandore
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Twin Hills option, PoW and clearing completed – drilling imminent
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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 Au
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Drilling at Steeple Hill hits “Blebby Sulphides” of 0.31% Cu and 0.21% Ni
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- Mining Leases at Glandore Granted
ASX: AAJ
www.arumaresources.com.au
Aruma’s Work Timeline
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2010 Jul 23 – AAJ listed on ASX – Glandore PoW approved Oct – First Phase drilling completed at Glandore, Kurnalpi South EL Nov – Glandore drilling results with 29 of 42 anomalous holes, – including 11m @ 2.32g/t Au from surface – Kurnalpi South EL and Glandore PLs Applied For
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2011 Jan – Initial Drill Results include 2m of 4.77g/t Au 23 of 26 holes anomalous Feb – Drilling results show >2km mineralised zone, May – CSIRO Fluid Dynamics Study initiated, MLs at Glandore Granted Jun – Drilling Laverton East, Darlot and Patricia applications, July – Bulong and Youno Downs ELs , 1st Phase drilling at Laverton East Aug – Carbine and Big Bell applications Sep – Second Phase drilling at Laverton and Steeple Hill drilled Nov – Hyvista flown on new leases Dec – Drilling at Jundee South and Fluid Flow Study completed – Twin Hills and Gindalbie leases negotiated, PoWs submitted
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2012 Jan – Jundee South hits of 18.6 g/t Au, Blebby Sulphides at Steeple Hill Feb – Twin Hills drilling approved, sites cleared. Hyvista interpretations Mar – Twin Hills drilling, Jundee South Follow up Drilling
ASX: AAJ
www.arumaresources.com.au
Aruma’s Next Steps
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� Glandore
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Drilling gives 11m @ 2.32g/t Au from surface
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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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Initial drilling on the extension of the Northern Lease anomalies in March 2012
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PoW for Southern Lease anomalies submitted
� Gindalbie
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PoW submitted on new eastern Lease with surface samples up to 25 g/t Au
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Initial drilling on the eastern Lease anomalies after Heritage completed
� 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 granting
� 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, Patricia and other projects to be explored on granting
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 1 February ~$3M– 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
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