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An announcement from Aruma Resources Limited ( (AU:AAJ) ) is now available.
Aruma Resources Limited has identified three new high-priority drill-ready targets at its Saltwater Project in the Pilbara region of Western Australia. These targets, located at the Tunnel Creek Prospect, were identified through a review of historical exploration data from Fortescue Metals Group. The targets, named Luke, Padme, and Rabbit, show significant gold and copper soil anomalies, presenting a promising exploration opportunity for Aruma. The company plans to conduct an infill soil sampling program to refine these targets before initiating a first-phase reverse circulation drilling program. This development strengthens Aruma’s exploration pipeline and could enhance its position in the mining sector by potentially uncovering valuable mineral resources.
More about Aruma Resources Limited
Aruma Resources Limited is a company operating in the mining industry, primarily focused on the exploration and development of gold and base metal projects in Australia. The company is dedicated to identifying and advancing high-potential mineral targets, with a particular emphasis on projects located in resource-rich regions such as Western Australia and Queensland.
Average Trading Volume: 1,781,986
Technical Sentiment Signal: Sell
Current Market Cap: A$2.95M
Find detailed analytics on AAJ stock on TipRanks’ Stock Analysis page.