Aruma caps 2023 with highest REE grades to date

Aruma Resources (ASX:AAJ) has reaffirmed the potential for its Saltwater Project in Western Australia to host a multi-commodity mineralised system after posting the highest-grade rare earth element (REE) grades to date. 

The results, generated from the latest phase of an ongoing soil sampling program, demonstrate high REE pathfinder elements and elevated total rare earth oxide (TREO) of up to 1,777.5 parts per million (ppm). 

Key results include 752.2ppm neodymium-praseodymium (NdPr). NdPr represents a key REE utilised in producing permanent NdFeB magnets, which are key components in producing electric vehicles (EVs).   

Aruma reports sampling, in conjunction with mapping, has generated multiple new targets across the project, with the Inkwell Ridge prospect hosting more than 7km of anomalous iron, copper, lithium, and REE rock chips. 

The company notes first pass drilling of priority targets is proposed for the calendar year 2024.  

Managing Director Glenn Grayson says exploration to date has successfully highlighted the multi-commodity potential of the project and continues to reinforce the project’s REE potential in line with its exploration model.

“We are delighted with the progress of our fieldwork at Saltwater. The results generated to date from our ongoing sampling program are very encouraging and highlights the project’s potential by continuing to deliver materially positive results from this initial, targeted fieldwork. 

Based on results to date, we are confident we have identified a high-value manganese-cobalt target, multiple VMS targets, as well as a promising uranium prospect – and with the latest phase of sampling, have uncovered an exciting, new greenfields gold target.” 

Aruma Resources is a mineral explorer focused on the exploration and development of a portfolio of prospective gold and lithium projects sitting in active and ‘major’ mineralised belts in Western Australia. 

The company’s Saltwater Project comprises 4 granted exploration licences which cover a total landholding of 450km-square about 120km southwest of the regional mining centre of Newman.

As of 30 September 2023, Aruma Resources had $2.791 million cash and cash equivalents at hand, according to its latest quarterly report.

Write to Adam Drought at Mining.com.au

Images: Aruma Resources
Author Image
Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.