Aruma Resources : Quarterly Activities/Appendix 5B Cash Flow Report

29 July 2022

only		ACTIVITIES REPORT
		FOR THE QUARTER ENDED 30 JUNE 2022
	Highlights
	• Mt Deans Lithium-Rubidium Project
	o First-phase drilling defined a thick vertical pegmatite with lithium
use		grades up to 1.14% Li2O and high-grade rubidium, including;
	▪ 10m @ 0.62% Li2O and 0.57% Rb2O from 22m and
	▪ 7m @ 0.76% Li2O and 0.69% Rb2O from 31m and
		▪ 3m @ 0.96% Li2O and 0.83% Rb2O from 34m
	o High-grade lithium and rubidium also returned in a rock chip
		sampling program including; Li2O to 1.96% and Rb2O to 1.42%
	o Results confirmed a strike extent of at least 1,500m at Mt Deans
personal	• Salmon Gums Gold Project
o	Two-hole 701m diamond drilling completed to evaluate the
	priority Thistle and Iris mineralisation/magnetic trends - cored for
		geo-metallurgy, stratigraphy and mineralisation samples
		- results pending
	o	High-grade results from recent RC drilling program - up to
		5m @ 50g/t Au
	• Carter Well Gold Project
	o Carter Well Project added to Aruma's gold exploration project
		portfolio
	o	Located in the Murchison region of WA and represents a
		potential new Greenfields gold opportunity
	• Corporate
	o Sound financial position with $4.6m cash at quarter-end
For	Aruma Resources Limited (ASX: AAJ) (Aruma or the Company) is pleased

to provide the following report on its activities for the quarter ending 30 June 2022.

Aruma has a portfolio of four prospective gold projects in Western Australia. This includes the Carter Well Project, which was recently added to the portfolio (ASX announcement, 6 July 2022). All are strategically located in active gold domains. The Company also has a prospective Lithium-Tantalum-Rubidium project in the lithium corridor of south-east WA (Figure 1).

Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2022.

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ASX: AAJ

Capital Structure 157M Shares on Issue 29M Options on issue Cash $4.6m

Board of Directors

Non-Executive Chairman

Paul Boyatzis

Managing Director

Peter Schwann

Non-Executive Director

Mark Elliott

Company Secretary

Phillip MacLeod

Gold Projects - 1,296km2 Norseman

SALMON GUMS - 222km2

Pilbara

MELROSE - 381km2

SALTWATER - 398km2

Murchison

CARTER WELL - 294 km2

Li Ta Project

Norseman

MT DEANS - 1.44km2

Head Office

Level 1, 6 Thelma Street

West Perth, WA 6005

T [phone]

F [phone]

1. [e-mail] W www.arumaresources.com

Postal Address

PO Box 152

West Perth, WA 6872

ABN 77 141 335 364

For personal use only

Aruma enjoyed another active quarter. A diamond drilling program was completed at the Salmon Gums Gold Project which followed up bonanza-grade gold results reported at the Project in the previous quarter. Significant lithium grades and high-grade rubidium were reported from the Company's maiden drilling program at the Mt Deans Lithium Project, and this was followed up by a successful rock chip sampling program, as a next step in the systematic exploration of the Project.

In line with the Company project policy, Aruma relinquished almost half of the Saltwater project after reviewing prospectivity. Aruma also added the Carter Well Gold Project in the Murchison region of WA to its project portfolio at the end of the quarter.

Negotiations with the traditional owners have achieved a scheduled statutory heritage survey in August allowing a maiden drilling program to be carried out at the Melrose Gold Project in the Pilbara region of WA.

Corporately, the Company is in a strong position with a cash balance at quarter's end of $4.6 million.

Figure 1 Aruma's project portfolio

Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2022.

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Mt Deans Lithium-Rubidium Project, Norseman, WA

The Mt Deans Project is situated in the Mt Deans pegmatite field, within the Eastern Goldfields Terrane of the Yilgarn Craton, approximately 170 kilometres south of the major regional centre of Kalgoorlie and approximately 10 kilometres south of the mining town of Norseman.

The Project sits within the lithium corridor in south-east WA, which hosts multiple significant hard-rock lithium projects. It is interpreted to sit within the same host rocks and structures as the significant nearby Mt Marion, Bald Hill and Buldania Lithium Projects.

During the quarter, Aruma reported results from its maiden, 1,156 metres, reverse circulation (RC) drilling program (ASX announcement, 21 April 2022). Eight holes were completed in the first phase of the program and delivered highly positive results including high-grade rubidium.

Drilling intersected lithium grades of up to 1.14% Li2O (lithium oxide) within a wide zone of lithium, all within a near-surface 25 metre thick, vertical body of solid pegmatite, from a depth of just 17 metres. Results include;

1m @ 1.14% Li2O at 36m in hole MDRC6 within a wider zone of

• 10m @ 0.62% Li2O and 0.57% Rb2O from 22m and
• 7m @ 0.76% Li2O and 0.69% Rb2O from 31m and
• 3m @ 0.96% Li2O and 0.83% Rb2O from 34m

The first phase of drilling defined an interpreted strike length of at least 1,500 metres, which remains open at both ends (Figure 3).

Drilling targeted the priority Mt Deans 'main section' and defined a thick vertical pegmatite, with pegmatite intersected in every hole (Figures 2 and 3). The program returned more than a dozen intersections grading higher than 0.5% Li2O from the eight holes drilled to date, and also returned high-grade rubidium, grading up to 1.05% Rb2O (Rubidium Oxide), with elevated tin, tantalum and cesium.

Drilling Intersects High-Grade Rubidium

Rubidium is a high-value technology mineral typically found in hard rock pegmatites. It has multiple uses and applications, including in solar panels, fibre optic cables, GPS systems and night vision equipment, as well as sodium-ion batteries.

The rubidium results from the completed drilling exhibit a strong relationship with the lithium assay results (as well as the rare earth elements) from the drilling and has the potential to add significant value to the Project - and will become a core focus, in parallel with lithium, in future exploration at Mt Deans.

Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2022.

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For personal use only

Figure 2: Mt Deans Cross Section interpreted pegmatite with results

Figure 3: Mt Deans Project drill hole and rock chip location plan

Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2022.

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Rock Chip Sampling Program Returns High-Grade Lithium and Rubidium

Aruma completed a successful strike-extension rock chip program along the strike of the main pegmatite at Mt Deans (ASX announcement, 30 May 2022). The results delivered high-grade lithium and rubidium grades, including lithium of up to 1.96% Li2O (lithium oxide) and rubidium of up to 1.42% Rb2O (rubidium oxide), plus cesium values up to 1,550ppm, from a surface rock chip sampling program targeting (Table 1).

A total of 11 rock chip samples along a 500m strike were taken in the program. It was designed to test for strike extensions to the interpreted pegmatite zone at Mt Deans, which has a strike length of at least 1,500m, and help refine targets for the second phase of the maiden drilling program.

The sampling results indicate a strong positive relationship with Aruma's lithium and rubidium drilling results at Mt Deans. This is further supported by results from previous rock chip sampling which also delivered high-grade results, of up to 2.1% Li2O (ASX announcement, 24 March 2021).

Aruma has now booked a specialised RC rig to complete the remaining 1,800 metres across 12 holes in the maiden drilling program at Mt Deans as a priority.

Table 1: Mt Deans rock chip assay results with locations

Sample	Easting mE	Northing mN	%	%	Total%	ppm	ppm	ppm	ppm
number	GDA94	GDA94	Li2O	Rb2O	Li2O +Rb2O	Sn	Ta	Cs	Nb
AG151	385,499	6,426,934	1.96	1.42	3.38	448	130	794	51
AG152	385,521	6,426,969	0.97	1.18	2.15	408	416	707	52
AG153	385,538	6,427,042	1.06	0.84	1.90	376	118.5	566	40
AG154	385,551	6,427,054	0.66	0.65	1.31	383	261	440	32
AG155	385,564	6,427,092	1.31	1.01	2.31	224	119	653	43
AG156	385,565	6,427,104	1.21	1.13	2.34	195	190.5	774	42
AG157	385,592	6,427,143	1.39	1.14	2.53	270	508	1515	67
AG158	385,602	6,427,172	1.17	0.90	2.08	225	129.5	661	42
AG159	385,614	6,427,214	1.35	1.03	2.38	348	146.5	785	39
AG160	385,622	6,427,256	1.12	0.69	1.80	225	186.5	612	44
AG161	385,648	6,427,304	1.17	0.91	2.08	232	335	862	50
		Average	1.21	0.99	2.21	303	231	761	46

Salmon Gums Gold Project

The Salmon Gums Project (EL63/2037, EL63/2122) covers a total area of 222km2, and is located 200km south of Kalgoorlie, and 60km south of the mining town of Norseman (Figure 1). The Project is situated 30km south and directly along strike in the same stratigraphy as Pantoro Limited's (ASX: PNR) rapidly expanding high grade Scotia Gold Project.

Aruma Resources Limited is a proud supporter and member of the Association of Mining and Exploration Companies, 2022.

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