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Aruma Resources (ASX:AAJ) - Managing Director, Peter Schwann
Managing Director, Peter Schwann
Source: Bulls N’Bears
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  • Aruma Resources (AAJ) has laid plans for its maiden drilling program at its Mt Deans lithium project near Norseman in Western Australia
  • The mineral exploration and development company has submitted a program of works for an initial 12-hole reverse circulation program
  • Once approved, Auruma will begin drilling as it investigates whether the project hosts direct lithium shipping ores
  • At present, the geology is interpreted as being similar to the nearly Mt Marion, Bald Hill and Buldania projects
  • AAJ shares jumped 24.6 per cent following the announcement and closed at 7.1 cents

Aruma Resources (AAJ) has laid plans for its maiden drilling program at its Mt Deans Lithium Project near Norseman in Western Australia.

The mineral exploration and development company has submitted a program of works to the Western Australian Department of Mines, Industry Regulation and Safety (DMRIS) for an initial 12-hole reverse circulation program.

The project is prospective for tantalum and rare earth element as well as lithium. Rock chip sampling has returned grades of up to 2.1 per cent lithium oxide and up to 556 parts per million tantalum pentoxide.

Once approved by the DMRIS, Aruma will begin the program, drilling to a maximum depth of 200 metres with holes paced approximately 200 metres apart.

Aruma is assessing the project’s opportunity to host direct lithium shipping ores, given it is located near to the Coolgardie-Esperance highway and rail infrastructure, providing access to the Port of Esperance.

At present, the geology is interpreted as being similar to the nearly Mt Marion, Bald Hill and Buldania projects.

AAJ shares jumped 24.6 per cent following the announcement and closed at 7.1 cents.

AAJ by the numbers
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