Aruma Sources has acquired spectacular assay outcomes from its current drill program on the firm’s Mt Deans mission close to Kalgoorlie with 12 intercepts grading greater than 1.5 per cent lithium-rubidium.
The most recent outcomes noticed the corporate’s share worth leap greater than 50 per cent throughout intraday buying and selling from a detailed of 5.Three cents final night time to a excessive of 8.2 cents on the best each day buying and selling volumes in almost a yr.
Assay highlights embrace a formidable 8m intercept going 1.89 per cent lithium-rubidium from 26m along with 7m at 1.6 per cent lithium-rubidium from 26m. Additional important outcomes confirmed a 5m hit recording 1.56 per cent lithium-rubidium from 55m and one other 5m part studying 1.51 per cent lithium-rubidium from 55m in one other gap.
The current assays come from the corporate’s 21-hole marketing campaign that intersected a potential pegmatite swarm over a 1500m strike size the place earlier drilling returned grades as much as 1.14 per cent lithium and 1.05 per cent rubidium.
Aruma additionally re-assayed seven historic holes that additionally returned spectacular outcomes together with a 5m hit going 1.98 per cent lithium-rubidium from 4m along with 6m at 1.52 per cent lithium-rubidium from 12m. The second gap additionally recorded a 1m intercept at a whopping 2.63 per cent lithium-rubidium from 23m. The re-assayed holes had been from drilling accomplished by Tantalum Australia in 2002.
The corporate says the assay outcomes additionally returned important ranges of extra minerals together with excessive potassium values ​​of as much as 3.6 per cent, with as much as 0.6 per cent cesium and between 600 and 700 components per million tin-tantalum.
The mission is interpreted to lie inside a lithium hall in south-eastern WA that comprises ASX-listed Mineral Sources’ Mt Marion lithium mine of 72.9 million tonnes at 1.37 per cent lithium oxide and Liontown Sources’ Buldania useful resource of 15Mt at 1.Zero per cent lithium oxide. The hall additionally hosts the privately owned Bald Hill lithium mine of 26.5Mt at 1.Zero per cent lithium oxide — held by Alliance Mineral Property.
Mt Deans is roughly 170km south of the Metropolis of Kalgoorlie-Boulder and about 10km south of the mining city of Norseman.
Aruma says primarily based on the current drilling outcomes it might look to establish pegmatites with high-grade lithium-rubidium-caesium-potassium ore that may very well be concentrated utilizing a easy flotation/gravity circuit to supply lithium-potassium focus. The explorer believes this technique might additionally produce rubidium and cesium by-products along with tin and tantalum gravity concentrates.
With high-grade and in-vouge lithium and rubidium already confirmed at Mt Deans alongside the prospect of different goodies within the combine, Aruma has stepped into the brand new yr with a spring in its step and the market will likely be keenly awaiting what the long run has in retailer.
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Is your ASX-listed firm doing one thing fascinating? Contact: matt.birney@wanews.com.au
