8 February 2022
ARUMA COMMENCES DRILLING AT
MT DEANS LITHIUM PROJECT
Highlights
• First phase of drilling has commenced at Mt Deans Lithium Project
• Program to consist of up to 3,000m RC drilling to a depth of up to ~200m – with holes spaced ~50m apart
• Drilling designed to confirm the presence of a thick pegmatite pod and intersect an interpreted pegmatite chamber or ‘cauldron’
• Aruma views the Mt Deans Project as being highly prospective for lithium, tantalum and REE minerals
• Project situated in the lithium corridor in south-east WA – is interpreted to sit within the same host rocks as the Mt Marion, Bald Hill and Buldania Lithium Projects
• Previous exploration identified swarm pegmatites over a 1km strike length; and
• Returned high-grade rock chip samples of up to 2.1% Li2O, and
555.9ppm Ta2O5 (tantalum pentoxide).
3 year chart, weekly bars.
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