ARUMA RESOURCES LIMITED — Investor Presentation 2021

Dec 1, 2021

1-2 December 2021

Set For Discovery

ARUMA RESOURCES | ASX : AAJ

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CORPORATE SNAPSHOT

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Trading Information

AAJ Share Price - past 6 months

BOARD & MANAGEMENT

Non-Executive Chairman Paul Boyatzis Managing Director Peter Schwann Non-Executive Director Mark Elliott

Company Secretary Phil MacLeod

Share price (1/12/2021)	A$0.076
52 week low/high	A$0.006 - A$0.13
Shares on Issue	126m (22m options )
Market Cap	A$10m
Cash (28/10/2021)	A$3m
Enterprise Value	A$7m

Exploration Manager Stephen Denn

MAJOR SHAREHOLDERS

Directors – 3% Top 20 Shareholders – 45% 1,384 Shareholders

All readers of this presentation must refer to the Disclaimer on Page 20

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Professor David Groves’ advice to find significant gold deposits.

“Most gold deposits are strongly controlled by first-order structures.

What are the Structures we are exploring?

SET FOR DISCOVERY IN WA

"The Nanjilgardy Fault controls the Mt Olympus, Paulsens and Karlawinda million oz. gold deposits. The NE structures on the BIF controlled Norseman and Scotia deposits are strong at Salmon Gums.

Aruma’s Peter Schwann said,

“We have drilled the second phase at Saltwater, drilled 2,000m at Salmon Gums and are ready for drilling at Mt Deans . We are ready for Heritage to clear Gossan Hill at Melrose, so results will be coming in the new year.”

ARUMA RESOURCES | ASX : AAJ

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ARUMA’S ACTIVE PROJECTS 1,336km[2]

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NORSEMAN Li Ta PROJECT NOW GRANTED:

• Mt Deans (Ngadju Country) o 1 .4km2 on railhighway to port

• o Highly prospective for Li, Ta, Sn and REE -

• o 1 2 hole 2,000m RC in New Year

YILGARN - GOLD

• Salmon Gums (Farmland)

• 222km2 Scotia host extension

• o Drilling– 2,000m of 5,000m to date

PILBARA - GOLD

• Melrose (PKKP Country) o 371km2 Controls Paulsens area o Awaiting Heritage

• Saltwater (Jidi Jidi Country) o 744km2 on Nanjilgardy fault

• o 1 ,872m RC just finished

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INDICATIVE NEWS FLOW

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• $458,000 R&D tax refund registered for 2021

• Mt Deans Lithium-Tantalum Project, Lithium Corridor, Goldfields – 3,000m RC drilling – New Year (Heritage clearance received 20[th] November)

• Salmon Gums Gold Project, Norseman Belt, Goldfields – 5,000m RC drilling underway – Results in January-February

• Saltwater Gold Project, Pilbara – Drilling 2,000 20 hole second-phase of RC drilling program completed – Results in January-February

• • Melrose Gold Project, Pilbara – 3,000m RC drilling next year (Heritage Survey required) All above timelines and activities are indicative only

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Mt Deans Lithium Tantalum Project

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• 200km from Esperance

• In “Lithium Corridor”

• Pegmatite in basalts

• Strong Sample results-

• Lithium oxide (Li2O) to 2.1%;

• • Tantalum (Ta2O5) to 556 ppm

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Mt Deans Lithium Tantalum Project

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• Drill Program designed to test for Cauldron with spodumene, direct shipping

• Conservation Management Plan – Approved by DBCA

• Flora and Fauna Assessment - done

• PoW –Approved for up to 200 holes

• Drilling – Heritage Clearance done for Drilling in New Year

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Salmon Gums Gold Project

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• Location –Norseman Belt

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• Structure – Major NE faults

• Area –222km[2] granted Els

• Heritage – All on farmland

• Peer explorers in the district:

• Scotia Results – Multiple zones of mineralisation

• Green Lantern Intersections -

  • 28m at 8.41g/t Au 9m at 3.14g/t Au 9m at 5.44g/t Au

  • TUL announcement [2/8/2021]

• Targets HG - Scotia 2.4Mt at 5.3g/t Au for 413Koz Au

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Salmon Gums – Drilling Gold

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• **Pan Aust Gold Intersections ***

  • 7m at 2.7g/t Au 3m at 1.55g/t Au 1m at 4.8g/t Au

• Access – PoW Approved

• Program – 5,000m on Farms

• Targets – up to 1km west of magnetic BIF in 4 Stratigraphic Zones

• Gold Indicators (undrilled)

• soils and drill intersections of up to 7m @ 2.7g/tAu

• Drilling now with 2,000 done

• Historic results from Pan Australian Exploration Pty Ltd (AAJ ASX announcement 6 July 2021)

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Salmon Gums - Historic Sections

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*** Historic results from Pan Australian Exploration Pty Ltd (AAJ ASX announcement 6 July 2021)**

Historic Gold Intersections* 7m at 2.7g/t Au 3m at 1.55g/t Au 1m at 5.6g/t Au

*** Historic results from Pan Australian Exploration Pty Ltd (AAJ ASX announcement 6 July 2021)**

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Peer Results - ASX: TUL Green Lantern Target

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*** TUL announcement [2/8/2021]**

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Pilbara Gold Projects

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Attractions

• World class discoveries

• Fertile rock types

• 450km Nanjilgardy Fault

• >5M oz Corridor

• >1,000km[2] Lease area

• Potential Greenfields Camp Discovery

• Short lead times

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Saltwater Project Attractions

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Why?

• Location –Pilbara

Hemi : DEG

• Structure – Nanjilgardy Fault

• Geophysics – 60km[2] MagEM ring structures with splays

• Area – 744km[2 ] granted - 98km[2 ] on new dome

• Gold Indicators

• Nuggets-Alteration

• Drilling >0.3g/t Au

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Saltwater Gold Camp

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New Greenfields Au area

• 12/40 holes >0.3g/tAu

• Now over 4km long

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• Drilling done 1,872m

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• Open for repetitions

• Saltwater Ring

• Spinifex Ring

• Interpreted section

• A-B 5km red line

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Saltwater Gold Ring Structure

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• Structure

• Now Two 5km Wide Domes

• • Geology

• Same as Mt Olympus

• New Data

• Geophysics Completed

• Gold locations

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Melrose Project Coverage

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• Location – Paulsens Mine >1moz

• Structure – Nanjilgardy splay – >13km strike length

• Area –382km[2] leases – 338km[2] granted

• Gold Indicators

• Rock and drilling >2g/t Au

• Thick zones >20m >0.2g/t Au

• Anomalies not followed up

“(It would be)Extremely unusual for no other sizeable deposit within 50km” Quote from Bill Beament, May 2010

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Melrose Gold Gossan Hill

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• Location – 5km from Paulsens

• >1moz Au produced

• Structure – Paulsens Corridor

• Gossan Hill >13km long

• Merlin >13km long

• Orientation – East West like Paulsens (shown in red to scale)

• Historic holes thick alteration

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• Company Metrics give strong upside –Market Cap ~$10M –Cash ~$3M

• Drilling underway and completed for near term news flow

Aruma Highlights

• Well Funded for exploration programs

• Strategic high grade Li Ta Project in WA

Locked and Loaded to Drill Gold and Lithium-Tantalum with near term results

• Drilling strong Gold Indicators in WA - GOLD

• Projects in active mining precincts

• Exploration Manager and Geologist on staff

• R&D compliant for 43% rebate - >$4M to date - $458k (registered) for 2021

ARUMA RESOURCES | ASX : AAJ

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Contact Details

Peter Schwann, Managing Director Aruma Resources Limited Telephone: +61 8 9321 0177 M: +61 417 946 370 E: info@arumaresources.com

Media and Investor Relations James Moses Mandate Corporate M: +61 420 991 574 E: james@mandatecorporate.com.au

ARUMA RESOURCES | ASX : AAJ

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DISCLAIMER

The information contained in this presentation is for informational purposes only and does not constitutean offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation in not investment of financial productadviceand is not intended to be used as the basis for making investment decisions. The presentation has been prepared without considering the investment objectives, financial situation or needs of any person. Before making an investment decision, you should consider, with or without the assistance of a financial advisor, whether an investment is appropriate considering your Investment Needs, Objectives And Financial Circumstances. No representation or warranty, expressor implied, ismadeas to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To themaximumextent permitted by law, none of Aruma Resources Ltd, their directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. No representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. The information in this report that relates to Mineral Resources at the Trojan Gold Project is based on information prepared by MetalsX Limited as announced to the ASX on 18 August 2016 in its2016 Annual Update of Mineral ResourceandOre Reserves.

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These estimates and assumptions while considered reasonable by the Company are subject to known and unknown risks, uncertaintiesand other factors whichmay cause theactual results, achievementsandperformance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements. Investors are cautioned that forward looking information is no guarantee of future performance and accordingly, investors are cautioned not to placeunduerelianceon these forward-looking statements.

Competent Person Statement

The information in this presentation that relates to Mineral Resourceand Exploration Results is based on information compiled by Mr Peter Schwann who is the Managing Director of Aruma Resources Limited. Mr Schwann is a Fellow of the Australasian Institute of Geoscientistsandacontributingauthor to the SEG. He hassufficient experience that is relevant to the style of mineralisationand type of deposit under consideration and to the activity being undertaken to qualify as Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” . Mr Schwann consents to the inclusion in the release of the matters based on this information and 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.arumaresources.com The Company confirms it is not aware of any new information that materially affects the information included in the original announcements. The Company confirms that the form and context in which the Competent Person’s findings are present have not been materially modified from the original announcements. All historic data has been sourced from Western Australian Mineral Exploration reports (WAMEX) and has been validated by GIS validation procedures by Arumastaff and consultants.

For slide 17, the full Resourcesstatement is includedfor theScotia Area.

Forward Looking Statements Caution

Certain statementscontained in this document constitute forward looking statements. Such forwardlooking statements are based on several estimates and assumptions made by the Company and its consultants considering experience, current conditions and expectations of future developments whichthe Company believesareappropriate in thecurrent circumstances.

				Indicated	Indicated		Inferred	Inferred			Total
	Area	Location	Tonnes	Grade	Ounces	Tonnes	Grade		Ounces	Tonnes	Grade	Ounces
	Scotia	Underground	60,803	15.58	30,454	58,560	15.04		28,315	119,363	15.31	58,769
	Taurus	Underground	91,328	10.39	30,513	335,471	11.47		123,689	426,797	11.24	154,202
	Scotia	Surface	886,000	4.09	116,400	457,000	3.56		52,300	1,343,000	3.91	168,700
	Scotia	Lady Eleanor Surface				282,200	2.14		19,400	282,200	2.14	19,400
	Scotia	Freegift Surface				254,000	1.583		12,500	254,000	1.583	12,500
			1,038,131	**5.32 **	177,367	1,387,231	**5.31 **		236,204	2,425,360	**5.31 **	413,571

From Pantoro (ASX:PNR) "Strategic Transaction and Capital Equity Raising Presentation"ASX announcement 15 May 2019

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