Aruma Resources Limited (ASX:AAJ)

Aruma Resources announced a further strategic expansion of its Tillex Copper-Silver Project in the Timmins mining district of Ontario, Canada, by entering into an agreement to acquire 32 contiguous exploration claims covering about 9.8km² adjacent to the existing project, increasing the total Tillex landholding to approximately 28.4km². The acquisition comprises an eastern claim block of about 3.5km², interpreted to host the continuation of the project’s high-grade copper-silver mineralisation along the northeast-southwest Tillex Trend, and a western claim block of about 6.3km², considered highly prospective for gold due to interpreted syenite intrusive contacts, folded mafic volcanic units, ironstone-bearing horizons and regional structural corridors comparable to mineralised settings elsewhere in the Abitibi Greenstone Belt and Timmins district. Aruma said the transaction strengthens its district-scale position in an underexplored but prospective part of the belt, expands strike potential in both directions, and adds new copper, gold and base metal target opportunities. Acquisition terms include C$10,000 cash on execution, C$25,000 in Aruma shares subject to shareholder approval, C$34,000 cash by 1 November 2026, and a 1.5% NSR royalty with a right to buy back 0.5% for C$500,000. The claims are in good standing with no conditions precedent or milestone payments, and planned next steps include integrating the new claims into targeting studies, geological mapping, geophysical and geochemical surveys, and drill testing of priority targets, while Aruma’s Phase 2 3,600m drilling program at Tillex continues with initial assays indicating a significant continuous extension 100m southwest of the existing high-grade copper zone.