Highlights 

  • AAJ completed its maiden six-hole reverse circulation (RC) drilling program, at the Fiery Creek Copper Project. 
  • Maiden drilling at Fiery Creek confirms high-grade copper intersections in Mt Isa region. 
  • Commitments received for AUD 3.515m placement to support ongoing exploration programs. 

Aruma Resources Limited (ASX:AAJ) completed its maiden six-hole reverse circulation (RC) drilling program, totaling 858m, at the Fiery Creek Copper Project in Queensland’s Mt Isa copper belt. The program targeted the Piper prospect, intersecting high-grade and broad zones of copper mineralisation. 

Key intersections include: 

  • 2m @ 1.67% Cu from 74m (FCRC001) 
  • 4m @ 0.28% Cu from 83m, including 1m @ 0.89% Cu (FCRC003) 
  • 7m @ 0.11% Cu from 87m (FCRC002) 
  • 4m @ 0.17% Cu from 115m and 1m @ 0.34% Cu from 29m (FCRC008) 

The results confirm the presence of the Lady Loretta Formation, known for hosting major base metal deposits, including Glencore’s Lady Loretta zinc-lead-silver mine. 

Wilan Project, South Australia 

An independent review during the quarter highlighted the Heavy Mineral Sands (HMS) potential within the Wilan Project area in the Eromanga Basin. Key stratigraphical units with HMS prospectivity were identified from historical drilling data. 

The project lies adjacent to Altitude Minerals’ (ASX:ATT) Peake Project, where recent HMS discoveries have been made. Aruma plans to undertake initial field sampling in the current quarter, subject to access approvals. 

Saltwater Project, Western Australia 

At the Saltwater Project in the Pilbara, new priority gold and copper targets were defined at the Tunnel Creek Prospect. The targets, spanning a 5km strike, were identified through a review of historic exploration data from Fortescue Metals Group (ASX FMG). 

Aruma plans infill soil sampling on a 200m x 160m grid, followed by an RC drilling program upon receiving necessary approvals. 

Other Projects 

At the Salmon Gums Gold Project, wide-spaced aircore drilling outlined three new gold anomalies, with peak results of 1m @ 0.25 g/t Au from 27m and 3m @ 0.17 g/t Au from 14m. Follow-up drilling is under consideration. 

The company also continues assessing value options for the Mt Deans Lithium and Melrose Gold Projects in Western Australia. 

Corporate and Financial Update 

Aruma received firm commitments for a placement to raise AUD 3.515m before costs, issuing up to 390.6 million shares at AUD 0.009 per share with one free attaching option for every two shares. The placement will be completed in two tranches, with director participation subject to shareholder approval. 

As of 30 September 2025, the company held AUD 501,000 in cash and no debt, excluding expected placement proceeds and an anticipated R&D Tax Incentive refund of AUD 445,126. 

Share Performance 

AAJ’s shares were trading at AUD 0.021 at per share at the time of writing on 29 October 2025, up 23.52% from its previous close of AUD 0.017.