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Company News
Weekly wrap: miners push towards new record but banks hold back
It was a close-run thing but the Australian market missed out on setting a new record on Friday thanks mainly to a rare downward pull from the big banks. At one stage the ASX 200 traded at 8143.6 points – just 5 points away from the record high set in August – but the drag […]
Aruma Resources opens Fiery Creek exploration program with high-grade copper assays
Aruma Resources (ASX: AAJ) has reported a positive start to exploration work at its Fiery Creek copper project in the Mt Isa region of Queensland, with high-grade copper assays received from its initial surface sampling program. Aruma has fast-tracked initial exploration work at Fiery Creek, which it acquired along with the nearby Bortala copper project […]
Aruma Resources acquires IOCG-uranium projects in South Australia and Queensland
Aruma Resources (ASX: AAJ) has announced it will acquire the Wilan iron oxide-copper-gold-(IOCG)-uranium project in South Australia, as well as the Fiery Creek and Bortala copper projects in Queensland. The company secured the projects from NHM Holdings, the holding vehicle for private explorers Rab Resources, New Horizon Metals and Wilan Resources. The projects are believed […]
Aruma Resources intersects high-grade lithium and rubidium at Mt Deans
Gold and lithium explorer Aruma Resources (ASX: AAJ) has announced further high-grade lithium-rubidium intercepts from its recently drilled Mt Deans project in south-eastern Western Australia. The company today revealed results from the final batches of assays from a 21-hole, 1,409-metre second phase drilling program at Mt Deans, as well as results from seven re-assayed historical […]
Black Cat Syndicate closes in on 1Moz gold resource by adding three more projects
Black Cat Syndicate (ASX: BC8) has increased its gold project resource east of Kalgoorlie in Western Australia to 826,000 ounces after buying three nearby projects and is now eyeing lifting that to 1 million ounces. The company is paying Aruma Resources (ASX: AAJ) $500,000 for its Trojan, Slate Dam and Clinker Hill gold projects, with […]
Gold is the big story in town as investors rush into penny stocks
Scratch a financial advisor and ask about investing in gold – it is almost certain one of their suggestions will be to buy companies actually producing the metal and, preferably, paying a dividend. But Monday saw the market action elsewhere and the cheaper the stock, the more enthusiasm. There are various currents swirling in the […]
Lithium Australia poised to drill Medcalf spodumene prospect, scoops up Mt Deans East tenement
Lithium Australia (ASX: LIT) is poised to begin drilling the Medcalf spodumene prospect near Lake Johnston in Western Australia, while acquiring the Mt Deans East tenement under a deal with Aruma Resources (ASX: AAJ). As part of Lithium Australia’s vertical integration strategy, its raw materials division aims to establish a lithium resource base to provide […]
Aruma Resources winds up second drilling campaign at Slate Dam, results pending
Aruma Resources (ASX: AAJ) has wound up its second phase drilling program at its wholly-owned Slate Dam gold project in Western Australia, after the company discovered a “significant new gold system” earlier in the year. The phase two campaign at the eastern goldfields project began in early April and included 23 reverse circulation holes for […]
Slate Dam gives up more gold for Aruma Resources
Aruma Resources (ASX: AAJ) has uncovered more gold at its Slate Dam project in Western Australia’s eastern goldfields. The company received its final drilling results which include a 24m intersection grading 1.04 grams per tonne gold, with a 16m interval containing 1.35g/t gold. Other better intersections were 5m at 3.79g/t, 7m at 2.05g/t and 4m […]
Rock chip sample returns up to 16.6g/t gold for Aruma, drill results pending
Early exploration at Aruma Resources’ (ASX: AAJ) Slate Dam project in Western Australia has produced gold grading up to 16.6 grams per tonne from a rock chip sample. A rock chip sampling program was carried out along the edge of Lake Yindarlgooda – a long strike from a recently announced drill intercept of 5m grading […]
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