InvestSMART

Aruma Resources Limited (ASX:AAJ)

ALERT: Price-sensitive ASX Announcement for AAJ
Current share price for AAJ : $0.009 -0.007 (-43.75%)+
Announcement
Release
18 Jun 2026 8:28AM
Price at Release
$0.016
Full Release
download
Summary
Aruma Resources Limited reported exceptional high-grade copper-silver intersections from its Phase 1 diamond drilling program at the Tillex Project, located in the Timmins mining district in Ontario, Canada. Key results include significant intervals such as 89m at 2.04% Cu and 12.31g/t Ag. The drilling confirmed the presence of a large-scale mineralised system with substantial expansion potential. Phase 2 drilling is set to begin soon, aimed at further exploring the strike extensions. The project is expected to undergo metallurgical tests to better understand the processing characteristics, with early findings suggesting a promising volcanogenic massive sulphide (VMS) mineralised system analogous to the Kidd Creek Copper Mine.
Key Points
  • Phase 1 drilling at Tillex Project revealed exceptional high-grade copper-silver intersections.
  • The Tillex Project is located in the Timmins mining district in Ontario, Canada.
  • Key drilling results include 89m @ 2.04% Cu and 12.31g/t Ag from hole TX26-004.
  • Phase 2 drilling of 3,500-4,000m is planned to commence next month.
  • The project demonstrates strong geological continuity and expansion potential.
  • Metallurgical testwork is scheduled to assess processing characteristics of the mineralisation.
  • The deepest hole confirmed potential for a robust VMS mineralised system.
  • The results confirm a significant analogy with Discovery Silver Corp’s Kidd Creek Copper Mine.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.